Local House Price Effects of Internal Migration in Queensland: Australia's Interstate Migration Capital

Isil Erol and Umut Unal

Australian Economic Review, 2023, vol. 56, issue 3, 308-327

Abstract: We examine the causal impact of internal migration on housing prices across 82 Statistical Areas Level 3 regions in Queensland, Australia from 2014–2019. The primary findings are: (i) an annual increase in the inflow of migrants equal to 1 per cent of a region's initial population leads to a 0.6 to 0.7 per cent annual increase in Queensland's house prices across different empirical specifications; (ii) this effect differs between the Greater Brisbane metropolitan area and Rest of State areas; (iii) migration from New South Wales fails to produce a significant influence on house price growth in Queensland.

Date: 2023
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https://doi.org/10.1111/1467-8462.12512

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