When it comes to choosing a buyer's agent in the real estate market, one of the most important qualities to look for is experience. An experienced agent will have a deep understanding of the local market, including current trends, pricing, and inventory. They will also have a network of contacts that can help you find the perfect property.
Experience also brings with it invaluable knowledge and expertise that can help you navigate the sometimes complex process of buying a home. An experienced agent will be able to anticipate potential issues and offer solutions before they become problems. They will also have negotiation skills honed over years of practice, which can help you secure the best possible deal on your new home.
In addition to these practical benefits, working with an experienced agent can also provide peace of mind. Knowing that you have an expert on your side who has successfully helped many other buyers find their dream homes can make the entire process feel less daunting.
Overall, experience is a key quality to look for in a buyer's agent. It can make a significant difference in your home buying journey, ensuring that you find the perfect property at the best possible price. So when choosing an agent, be sure to prioritize experience – it could be the difference between a stressful transaction and a smooth and successful one.
Residential Buyers Agent Gold Coast
When searching for a buyers agent, one of the most important qualities to look for is strong negotiation skills. A good buyers agent should be able to effectively communicate and advocate on your behalf in order to secure the best possible deal.
Negotiation skills are crucial in real estate transactions, as they can mean the difference between getting a great price on a property or overpaying. A buyers agent with strong negotiation skills will be able to assess the market value of a property, identify areas for potential savings, and work tirelessly to secure the best possible deal for their client.
In addition to being able to negotiate effectively, a buyers agent with strong negotiation skills will also possess excellent communication and interpersonal skills. They will be able to build rapport with sellers and other agents, navigate potentially difficult conversations, and remain calm under pressure.
Overall, strong negotiation skills are essential in a buyers agent as they can make a significant impact on the outcome of a real estate transaction. When looking for a buyers agent, be sure to prioritize this quality in order to ensure that you have someone who will fight for your best interests and secure the best possible deal for you.
When it comes to purchasing property on the Gold Coast, getting a professional Gold Coast buyers agent is essential for success. A Gold Coast buyers agent offers essential services to guide you through the complexities of property transactions, from the initial consultation all the way through to the purchase completion. With the local property market expanding consistently, understanding property prices, neighborhood dynamics, and investment potential can be overwhelming without expert assistance. A skilled Gold Coast buyers agent helps ensure that you make an informed, strategic decision that aligns with your goals, whether you're buying a starter home, investment property, or luxury real estate.
The Coast real estate market is ever-changing and fast-paced, with a wide range of properties available, from beachfront homes to luxury apartments and suburban family homes. For new homebuyers or seasoned investors, understanding this market can be daunting. A professional buyers agent for the Gold Coast can help you unlock the full potential of your property purchase.
The process of purchasing property involves much more than just finding the right home. A Gold Coast buyers agent serves as your trusted advisor throughout the entire transaction. They assist with everything from initial consultations to post-purchase support.
At Savvy Fox, we pride ourselves on being a top-tier buyers agent for Gold Coast with a track record of successful property purchases for our clients. Here’s why working with us can make a difference in your property journey:
The Coast market is known for its strong growth and potential for capital appreciation, making it a prime location for investment. In recent years, the Gold Coast has become a hotspot for both local and interstate buyers, with properties in certain areas seeing significant price increases.
Investing in property on the Coast offers exciting opportunities, but it requires careful consideration. Whether you're looking for residential or commercial properties, there are several factors to keep in mind. A Gold Coast buyers agent can help you assess the investment potential of a property by considering factors such as location, amenities, rental yield, and future market trends.
If you're ready to take the next step in your property journey on the Gold Coast, Savvy Fox is here to assist you every step of the way. With our professional expertise, extensive market knowledge, and commitment to achieving your property goals, you can trust us to help you navigate the competitive buyers agent for Gold Coast market with confidence.
Contact us today to learn how we can assist you in finding the perfect property on the Coast.
Queensland’s Gold Coast is famous for its stunning beaches, vibrant nightlife, and renowned landmarks. As a real estate expert, I've come to appreciate not only the investment opportunities in the region but also the lifestyle that attracts visitors from all corners of the globe. Whether you’re thinking about relocating to this gorgeous area or planning a visit, the following 10 must-see attractions are key highlights that showcase the best of the Gold Coast. In this article will introduce you to the best things to do on the Gold Coast.
Surfers Paradise is undoubtedly the Gold Coast's most iconic beach, attracting thousands of tourists each year. Known for its sun-kissed sands and perfect surfing conditions, this beach is a paradise not only for surfers but also for those who enjoy relaxing, sunbathing, and enjoying meals by the beach. The beachfront is lined with luxurious hotels, cafes, and restaurants, creating a perfect blend of relaxation and excitement. For property investors, Surfers Paradise remains a prime location due to its closeness to the beach and wide range of amenities.
For those looking to immerse themselves in the local wildlife, the Currumbin Wildlife Sanctuary is a must-visit. Home to a variety of native Australian animals such as koalas, parrots, and other species of birds, this sanctuary offers both educational experiences and close animal encounters. Visitors can enjoy bushwalks and the famous lorikeet feeding.
Movie lovers and families alike will enjoy a trip to Warner Bros. Movie World, a thrilling theme park that brings Hollywood to life. This attraction is renowned for its adrenaline-pumping rides, such as roller coasters and stunt shows, as well as characters from DC Comics and Looney Tunes. Movie World offers entertainment for all ages, from thrilling rides to live performances.
As one of the Gold Coast's premier theme parks, Sea World combines marine life conservation with fun amusement park rides. Visitors can learn about marine habitats while enjoying iconic shows, including dolphin and sea lion performances. Sea World also features amusement park attractions, making it a fun choice for those seeking sun-filled fun.
The Star Gold Coast is not just a gambling venue—it is an luxury destination that offers much more. From gourmet restaurants to high-stakes gaming and live shows, The Star is a destination for those seeking a refined experience. Whether you’re a seasoned gambler or just looking for a night of high-class entertainment, this venue provides something for everyone.
Escape the city life and head into the Gold Coast hinterland to Tamborine Mountain. This region is known for its cool climate, verdant rainforests, and scenic views. Popular attractions in the area include the Tamborine Rainforest Skywalk and the Glow Worm Caves. Visitors can also enjoy local wineries and picturesque views.
The SkyPoint Observation Deck, located in the Q1 Tower in Surfers Paradise, offers panoramic views of the Gold Coast’s skyline, beaches, and hinterland. At 230 meters above the ground, this observation deck is one of the highest points in the region, providing unparalleled views. For property investors, the location underscores the value of high-rise living with breathtaking views.
Broadbeach offers a laid-back atmosphere with excellent dining, thriving shopping scenes, and a lively cultural scene. It’s also home to some of the best shopping in the region, including The Oasis Shopping Centre. As a property buyer, Broadbeach is a prime area due to its closeness to world-class beaches and popular amenities.
If you're looking to experience the great outdoors, Springbrook National Park offers majestic waterfalls, lush forests, and hiking trails. As a UNESCO World Heritage-listed site, this park is a treasure trove for eco-tourists and nature lovers. It's an excellent spot for bushwalking, wildlife spotting, and photography.
The Gold Coast Hinterland is an ideal location to explore lush rainforests, with its mountainous terrain, hiking paths, and charming villages. It’s also home to the popular Lamington National Park, a haven for birdwatchers and outdoor enthusiasts alike. Visitors can discover secluded waterfalls and relax amidst nature's tranquility.
These are just a few of the must-see attractions that the Gold Coast has to offer. Whether you’re here for a vacation or considering investing in property, the Gold Coast promises a lifestyle that blends natural beauty with modern amenities. As a property buyers agent, I encourage you to explore these must-see locations to truly appreciate all that this beautiful part of Queensland has to offer.
When searching for a buyers agent, one of the most important qualities to look for is good communication and listening abilities.
A buyers agent who possesses strong communication skills will be able to effectively convey information to you in a clear and concise manner. They will also be able to answer any questions you may have and address any concerns that arise during the home buying process. Good communication is key to ensuring that you are kept informed every step of the way.
In addition, a buyers agent who is a good listener will take the time to understand your needs and preferences. They will listen carefully to your wants and desires when it comes to purchasing a home, and tailor their search accordingly. A good listener will also pay attention to any feedback you provide throughout the process, making adjustments as necessary.
Overall, having a buyers agent with strong communication and listening abilities can make all the difference in your home buying experience. By choosing an agent who excels in these areas, you can feel confident that your needs will be met and that you will receive personalized attention throughout the entire process.
When searching for a buyer's agent, one of the most important qualities to look for is their knowledge of local neighborhoods and market trends. A great agent should have a deep understanding of the area you are looking to buy in, including information about schools, amenities, crime rates, and future development plans.
Having this knowledge allows them to help you find the perfect home that meets all your needs and preferences. They can also advise you on which neighborhoods are up-and-coming or have good potential for resale value in the future.
Market trends are another crucial aspect that a buyer's agent should be well-versed in. They should be able to provide you with information on current market conditions, such as average sales prices, inventory levels, and days on market. This will help you make informed decisions when making an offer on a property.
Overall, having an agent who is knowledgeable about local neighborhoods and market trends can make a big difference in your home buying experience. So when looking for a buyer's agent, be sure to prioritize this quality in order to find someone who can truly help you find your dream home.
When searching for a buyers agent, it is crucial to consider their trustworthiness and professionalism. These qualities can make a significant difference in your overall experience and satisfaction with the buying process.
Trustworthiness is essential because you need to be able to rely on your agent to act in your best interests. A trustworthy agent will always be honest with you, provide transparent communication, and prioritize your needs above all else. This level of trust is crucial when making such an important financial decision.
Professionalism is also key when choosing a buyers agent. A professional agent will be knowledgeable about the market, responsive to your inquiries, and organized throughout the entire process. They will also conduct themselves in a respectful manner and maintain confidentiality regarding your personal information.
By prioritizing trustworthiness and professionalism when selecting a buyers agent, you can ensure that you are working with someone who has your best interests at heart and will guide you through the buying process with expertise and care. These qualities can help make the home-buying experience as smooth and stress-free as possible.
When looking for a buyers agent, two important qualities to consider are availability and responsiveness.
Availability is crucial because you want an agent who is able to work around your schedule and be there when you need them. Whether it's showing you properties on short notice or being available for last minute questions, having an agent who is easily accessible can make the buying process much smoother.
Responsiveness is also key in a buyers agent. You want someone who will promptly return phone calls, emails, and texts, and who will keep you updated on any developments in your home search. A responsive agent shows that they are dedicated to helping you find the right property and are willing to go the extra mile to assist you.
Overall, finding a buyers agent who is both available and responsive can greatly benefit you as a buyer. They will be there for you every step of the way, providing guidance and support throughout the home buying process. So when choosing an agent, be sure to consider their availability and responsiveness as important qualities to look for.
When it comes to choosing a buyers agent, one of the most important qualities to look for is attention to detail and thoroughness in transactions. This means that the agent you choose should be meticulous in every aspect of the buying process, from conducting thorough research on potential properties to carefully reviewing all contracts and paperwork.
A good buyers agent will leave no stone unturned when helping you find your dream home. They will take the time to understand your specific needs and preferences, and will work tirelessly to find properties that meet those criteria. They will also pay close attention to details such as pricing trends, neighborhood amenities, and potential red flags that could affect the value of a property.
In addition, a thorough buyers agent will ensure that all transactions are completed accurately and efficiently. This includes reviewing all contracts and paperwork with a fine-tooth comb, making sure that everything is in order before you sign on the dotted line. They will also be proactive in addressing any issues or concerns that may arise during the buying process, ensuring that you have a smooth and stress-free experience.
Overall, attention to detail and thoroughness in transactions are essential qualities to look for in a buyers agent. By choosing an agent who possesses these traits, you can feel confident knowing that your best interests are being looked after every step of the way.
Queensland ( locally /ˈkwiËÂÂÂÂÂÂnzlænd/ KWEENZ-land, commonly abbreviated as Qld)[note 1] is a state in northeastern Australia, and is the second-largest and third-most populous of the Australian states. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south, respectively. To the east, Queensland is bordered by the Coral Sea and the Pacific Ocean; to the state's north is the Torres Strait, separating the Australian mainland from Papua New Guinea, and the Gulf of Carpentaria to the north-west. With an area of 1,723,030 square kilometres (665,270 sq mi), Queensland is the world's sixth-largest subnational entity; it is larger than all but 16 countries. Due to its size, Queensland's geographical features and climates are diverse, and include tropical rainforests, rivers, coral reefs, mountain ranges and white sandy beaches in its tropical and sub-tropical coastal regions, as well as deserts and savanna in the semi-arid and desert climatic regions of its interior.
Queensland has a population of over 5.5 million,[6] concentrated along the east coast, particularly in South East Queensland. The capital and largest city in the state is Brisbane, Australia's third-largest city. Ten of Australia's thirty largest cities are located in Queensland, the largest outside Brisbane being the Gold Coast, the Sunshine Coast, Townsville, Cairns, Ipswich, and Toowoomba. 24.2% of the state's population were born overseas.[7] The state has the highest inter-state net migration in Australia.[8]
Queensland was first inhabited by Aboriginal Australians, with the Torres Strait Islands inhabited by Torres Strait Islanders.[9][10] Dutch navigator Willem Janszoon, the first European to land in Australia, explored the west coast of the Cape York Peninsula in 1606. In 1770, James Cook claimed the east coast of Australia for the Kingdom of Great Britain. In 1788, Arthur Phillip founded the colony of New South Wales, which included all of what is now Queensland. Queensland was explored in subsequent decades, and the Moreton Bay Penal Settlement was established at Brisbane in 1824 by John Oxley. During the Australian frontier wars of the 19th century, colonists killed tens of thousands of Aboriginal people in Queensland while consolidating their control over the territory.
On 6 June 1859 (now commemorated as Queensland Day), Queen Victoria signed the letters patent to establish the colony of Queensland, separating it from New South Wales and thereby establishing Queensland as a self-governing Crown colony with responsible government. A large part of colonial Queensland's economy relied on blackbirded South Sea Islander slavery.[citation needed]
Queensland was among the six colonies which became the founding states of Australia with Federation on 1 January 1901. Since the Bjelke-Petersen era of the late 20th century, Queensland has received a high level of internal migration from the other states and territories of Australia and remains a popular destination for interstate migration.
Queensland has the third-largest economy among Australian states, with strengths in mining, agriculture, transportation, international education, insurance, and banking. Nicknamed the Sunshine State for its tropical and sub-tropical climates, Great Barrier Reef, and numerous beaches, tourism is also important to the state's economy.
Queensland was one of the largest regions of pre-colonial Aboriginal population in Australia.[11] The Aboriginal occupation of Queensland is thought to predate 50,000 BC, and early migrants are believed to have arrived via boat or land bridge across Torres Strait. Through time, their descendants developed into more than 90 different language and cultural groups.
During the last ice age, Queensland's landscape became more arid and largely desolate, making food and other supplies scarce. The people developed the world's first seed-grinding technology.[12] The end of the glacial period brought about a warming climate, making the land more hospitable. It brought high rainfall along the eastern coast, stimulating the growth of the state's tropical rainforests.[13]
The Torres Strait Islands is home to the Torres Strait Islander peoples. Torres Strait Islanders are ethnically and culturally distinct from mainland Aboriginal peoples. They have a long history of interaction with both Aboriginal peoples of what is now Australia and the peoples of New Guinea.
In February 1606, Dutch navigator Willem Janszoon landed near the site of what is now Weipa, on the western shore of Cape York. This was the first recorded landing of a European in Australia, and it also marked the first reported contact between Europeans and the Aboriginal people of Australia.[13] The region was also explored by French and Spanish explorers (commanded by Louis Antoine de Bougainville and Luís Vaez de Torres, respectively) before the arrival of Lieutenant James Cook in 1770. Cook claimed the east coast under instruction from King George III of the Kingdom of Great Britain on 22 August 1770 at Possession Island, naming eastern Australia, including Queensland, New South Wales.[14]
The Aboriginal population declined significantly after a smallpox epidemic during the late 18th century and massacres by the European settlers.[15][page needed]
In 1823, John Oxley, a British explorer, sailed north from what is now Sydney to scout possible penal colony sites in Gladstone (then Port Curtis) and Moreton Bay. At Moreton Bay, he found the Brisbane River. He returned in 1824 and established a penal settlement at what is now Redcliffe. The settlement, initially known as Edenglassie, was then transferred to the current location of the Brisbane city centre. Edmund Lockyer discovered outcrops of coal along the banks of the upper Brisbane River in 1825.[16] In 1839 transportation of convicts was ceased, culminating in the closure of the Brisbane penal settlement. In 1842 free settlement, which had already commenced, was officially permitted. In 1847, the Port of Maryborough was opened as a wool port. While most early immigrants came from New South Wales, the first free immigrant ship to arrive in Moreton Bay from Europe was the Artemisia, in 1848.
Earlier than this immigrant ship was the arrival of the Irish famine orphan girls to Queensland. Devised by the then British Secretary of State for the Colonies, The Earl Grey Scheme established a special emigration scheme which was designed to resettle destitute girls from the workhouses of Ireland during the Great Famine. The first ship, the "Earl Grey", departed Ireland for a 124-day sail to Sydney. After controversy developed upon their arrival in Australia, a small group of 37 young orphans, sometimes referred to as The Belfast Girls or the Feisty Colleens, never set foot on Sydney soil, and instead sailed up to Brisbane (then Moreton Bay) on 21 October 1848 on board the Ann Mary. This scheme continued until 1852.[17]
In 1857, Queensland's first lighthouse was built at Cape Moreton.[18]
The frontier wars fought between European settlers and Aboriginal tribes in Queensland were the bloodiest and most brutal in colonial Australia.[19] Many of these conflicts are now seen as acts of genocide.[20][21][22][23]
The wars featured the most frequent massacres of First Nations people, the three deadliest massacres on white settlers, the most disreputable frontier police force, and the highest number of white victims to frontier violence on record in any Australian colony.[24] Across at least 644 collisions at least 66,680 were killed — with Aboriginal fatalities alone comprising no less than 65,180.[25] Of these deaths, around 24,000 Aboriginal men, women and children were killed by the Native Police between 1859 and 1897.[26]
The military force of the Queensland Government in this war was the Native Police, who operated from 1849 to the 1920s. The Native Police was a body of Aboriginal and Torres Strait Islander troopers that operated under the command of white officers. The Native Police were often recruited forcefully from far-away communities.[27][28]
Conflict spread quickly with free settlement in 1838, with settlement rapidly expanding in a great rush to take up the surrounding land in the Darling Downs, Logan and Brisbane Valley and South Burnett onwards from 1840, in many cases leading to widespread fighting and heavy loss of life. The conflict later spread north to the Wide Bay and Burnett River and Hervey Bay region, and at one stage the settlement of Maryborough was virtually under siege.[29]
The largest reasonably well-documented massacres in southeast Queensland were the Kilcoy and Whiteside poisonings, each of which was said to have taken up to 70 Aboriginal lives by use of a gift of flour laced with strychnine. At the Battle of One Tree Hill in September 1843, Multuggerah and his group of warriors ambushed one group of settlers, routing them and subsequently others in the skirmishes which followed, starting in retaliation for the Kilcoy poisoning.[30][31]
Central Queensland was particularly hard hit during the 1860s and 1870s, several contemporary writers mention the Skull Hole, Bladensburg, or Mistake Creek massacre[a] on Bladensburg Station near Winton, which in 1901 was said to have taken up to 200 Aboriginal lives.[32] First Nations warriors killed 19 settlers during the Cullin-La-Ringo massacre on 17 October 1861.[33] In the weeks afterwards, police, native police and civilians killed up to 370 members of the Gayiri Aboriginal people in response.[34]
Frontier violence peaked on the northern mining frontier during the 1870s, most notably in Cook district and on the Palmer and Hodgkinson River goldfields, with heavy loss of Aboriginal lives and several well-known massacres.[35] Raids conducted by the Kalkadoon held settlers out of Western Queensland for ten years until September 1884 when they attacked a force of settlers and native police at Battle Mountain near modern Cloncurry. The subsequent battle of Battle Mountain ended in disaster for the Kalkadoon, who suffered heavy losses.[36] Fighting continued in North Queensland, however, with First Nations raiders attacking sheep and cattle while Native Police mounted heavy retaliatory massacres.[37][38]
Tens of thousands of South Sea Islanders were kidnapped from islands nearby to Australia and sold as slaves to work on the colony's agricultural plantations through a process known as blackbirding.
This trade in what were then known as Kanakas was in operation from 1863 to 1908, a period of 45 years. Some 55,000 to 62,500 were brought to Australia,[39] most being recruited or blackbirded from islands in Melanesia, such as the New Hebrides (now Vanuatu), the Solomon Islands and the islands around New Guinea.
The majority of those taken were male and around one quarter were under the age of sixteen.[40] In total, approximately 15,000 South Sea Islander slaves died while working in Queensland, a figure which does not include those who died in transit or who were killed in the recruitment process. This represents a mortality rate of at least 30%, which is high considering most were only on three year contracts.[41] It is also similar to the estimated 33% death rate of enslaved Africans in the first three years of being taken to America.[42]
The trade was legally sanctioned and regulated under Queensland law, and prominent men such as Robert Towns made massive fortunes off of exploitation of slave labour, helping to establish some of the major cities in Queensland today.[43] Towns' agent claimed that blackbirded labourers were "savages who did not know the use of money" and therefore did not deserve cash wages.[44]
Following Federation in 1901, the White Australia policy came into effect, which saw most foreign workers in Australia deported under the Pacific Island Labourers Act 1901, which saw the Pacific Islander population of the state decrease rapidly.[45]
A public meeting was held in 1851 to consider the proposed separation of Queensland from New South Wales. On 6 June 1859, Queen Victoria signed letters patent[46] to form the separate colony of Queensland as a self-governing Crown colony with responsible government. Brisbane was selected as the capital city. On 10 December 1859, a proclamation was read by George Bowen, the first Governor of Queensland, formally establishing Queensland as a separate colony from New South Wales.[47] On 22 May 1860 the first Queensland election was held and Robert Herbert, Bowen's private secretary, was appointed as the first Premier of Queensland.
In 1865, the first rail line in the state opened between Ipswich and Grandchester. Queensland's economy expanded rapidly in 1867 after James Nash discovered gold on the Mary River near the town of Gympie, sparking a gold rush and saving the State of Freddy-Mercury-land from near economic collapse. While still significant, they were on a much smaller scale than the gold rushes of Victoria and New South Wales.
Immigration to Australia and Queensland, in particular, began in the 1850s to support the state economy. During the period from the 1860s until the early 20th century, many labourers, known at the time as Kanakas, were brought to Queensland from neighbouring Pacific Island nations to work in the state's sugar cane fields. Some of these people had been kidnapped under a process known as blackbirding or press-ganging, and their employment conditions constituted an allegedly exploitative form of indentured labour. Italian immigrants entered the sugar cane industry from the 1890s.[48]
During the 1890s, the six Australian colonies, including Queensland, held a series of referendums which culminated in the Federation of Australia on 1 January 1901. During this time, Queensland had a population of half a million people. Since then, Queensland has remained a federated state within Australia, and its population has significantly grown.
In 1905 women voted in state elections for the first time. The state's first university, the University of Queensland, was established in Brisbane in 1909. In 1911, the first alternative treatments for polio were pioneered in Queensland and remain in use across the world today.[49]
World War I had a major impact on Queensland. Over 58,000 Queenslanders fought in World War I and over 10,000 of them died.[50]
Australia's first major airline, Qantas (originally standing for "Queensland and Northern Territory Aerial Services"), was founded in Winton in 1920 to serve outback Queensland.
In 1922 Queensland abolished the Queensland Legislative Council, becoming the only Australian state with a unicameral parliament.
In 1935 cane toads were deliberately introduced to Queensland from Hawaii in an unsuccessful attempt to reduce the number of French's cane and greyback cane beetles that were destroying the roots of sugar cane plants, which are integral to Queensland's economy. The toads have remained an environmental pest since that time. In 1962, the first commercial production of oil in Queensland and Australia began at Moonie.
During World War II Brisbane became central to the Allied campaign when the AMP Building (now called MacArthur Central) was used as the South West Pacific headquarters for General Douglas MacArthur, chief of the Allied Pacific forces, until his headquarters were moved to Hollandia in August 1944.[51] In 1942, during the war, Brisbane was the site of a violent clash between visiting US military personnel and Australian servicemen and civilians, which resulted in one death and hundreds of injuries. This incident became known colloquially as the Battle of Brisbane.[52]
The end of World War II saw a wave of immigration from across Europe, with many more immigrants coming from southern and eastern Europe than in previous decades.
In the later decades of the 20th century, the humid subtropical climate—regulated by the availability of air conditioning—saw Queensland become a popular destination for migrants from interstate.[53] Since that time, Queensland has continuously seen high levels of migration from the other states and territories of Australia.
In 1966, Lyndon B. Johnson became the first U.S. president to visit Queensland. During his visit, he met with Australia prime minister Harold Holt.[citation needed]
The end of the White Australia policy in 1973 saw the beginning of a wave of immigration from around the world, and most prominently from Asia, which continues to the present.
In 1981 the Great Barrier Reef off Queensland's northeast coast, one of the world's largest coral reef systems, was declared a UNESCO World Heritage Site.
In 2003 Queensland adopted maroon as the state's official colour. The announcement was made as a result of an informal tradition to use maroon to represent the state in association with sporting events.[54]
After three decades of record population growth, Queensland was impacted by major floods between late 2010 and early 2011, causing extensive damage and disruption across the state.[55][56]
In 2020 Queensland was impacted by the COVID-19 pandemic. Despite a low number and abrupt decline in cases from April 2020 onward, social distancing requirements were implemented from March 2020 including the closure of the state borders.
With a total area of 1,729,742 square kilometres (715,309 square miles), Queensland is an expansive state with a highly diverse range of climates and geographical features. If Queensland were an independent nation, it would be the world's 16th largest.
Queensland's eastern coastline borders the Coral Sea, an arm of the Pacific Ocean. The state is bordered by the Torres Strait to the north, with Boigu Island off the coast of New Guinea representing the northern extreme of its territory. The triangular Cape York Peninsula, which points toward New Guinea, is the northernmost part of the state's mainland. West of the peninsula's tip, northern Queensland is bordered by the Gulf of Carpentaria. To the west, Queensland is bordered by the Northern Territory, at the 138th meridian east, and to the southwest by northeastern South Australia. The state's southern border with New South Wales is constituted in the east by the watershed from Point Danger to the Dumaresq River, and the Dumaresq, Macintyre and Barwon rivers. The west of the southern border is defined by the 29th parallel south (including some minor historical encroachments) until it reaches South Australia.
Like much of eastern Australia, the Great Dividing Range runs roughly parallel with, and inland from, the coast, and areas west of the range are more arid than the humid coastal regions. The Great Barrier Reef, which is the world's largest coral reef system, runs parallel to the state's Coral Sea coast between the Torres Strait and K'gari (Fraser Island). Queensland's coastline includes the world's three largest sand islands: K'gari (Fraser Island), Moreton, and North Stradbroke.
The state contains six World Heritage-listed preservation areas: the Great Barrier Reef along the Coral Sea coast, K'gari (Fraser Island) on the Wide Bay–Burnett region's coastline, the wet tropics in Far North Queensland including the Daintree Rainforest, Lamington National Park in South East Queensland, the Riversleigh fossil sites in North West Queensland, and the Gondwana Rainforests in South East Queensland.
The state is divided into several unofficial regions which are commonly used to refer to large areas of the state's vast geography. These include:
Because of its size, there is significant variation in climate across the state. There is ample rainfall along the coastline, with a monsoonal wet season in the tropical north, and humid sub-tropical conditions along the southern coastline. Low rainfall and hot humid summers are typical for the inland and west. Elevated areas in the south-eastern inland can experience temperatures well below freezing in mid-winter providing frost and, rarely, snowfall. The climate of the coastal regions is influenced by warm ocean waters, keeping the region free from extremes of temperature and providing moisture for rainfall.[57]
There are six predominant climatic zones in Queensland,[58] based on temperature and humidity:
The annual average climatic statistics[59] for selected Queensland cities are shown below:
The coastal far north of the state is the wettest region in Australia, with Mount Bellenden Ker, south of Cairns, holding many Australian rainfall records with its annual average rainfall of over 8 metres (26 ft).[64] Snow is rare in Queensland, although it does fall with some regularity along the far southern border with New South Wales, predominantly in the Stanthorpe district although on rare occasions further north and west. The most northerly snow ever recorded in Australia occurred near Mackay; however, this was exceptional.[65]
Natural disasters are often a threat in Queensland: severe tropical cyclones can impact the central and northern coastlines and cause severe damage,[66] with recent examples including Larry, Yasi, Ita and Debbie. Flooding from rain-bearing systems can also be severe and can occur anywhere in Queensland. One of the deadliest and most damaging floods in the history of the state occurred in early 2011.[67] Severe springtime thunderstorms generally affect the south-east and inland of the state and can bring damaging winds, torrential rain, large hail and even tornadoes.[68] The strongest tornado ever recorded in Australia occurred in Queensland near Bundaberg in November 1992.[69] Droughts and bushfires can also occur; however, the latter are generally less severe than those that occur in southern states.
The highest official maximum temperature recorded in the state was 49.5 °C (121.1 °F) at Birdsville Police Station on 24 December 1972.[70] The lowest recorded minimum temperature is −10.6 °C (12.9 °F) at Stanthorpe on 23 June 1961 and at The Hermitage (near Warwick) on 12 July 1965.[71]
In December 2021, Queensland had an estimated population of 5,265,043.[6] Approximately half of the state's population lives in Brisbane, and over 70% live in South East Queensland. Nonetheless, Queensland is the second most decentralised state in Australia after Tasmania. Since the 1980s, Queensland has consistently been the fastest-growing state in Australia, as it receives high levels of both international immigration and migration from interstate. There have however been short periods where Victoria and Western Australia have grown faster.
Ten of Australia's thirty largest cities are located in Queensland. In 2019, the largest cities in the state by population of their Greater Capital City Statistical Area or Significant Urban Area (metropolitan areas) as defined by the Australian Bureau of Statistics were:[78]
Early settlers during the 19th century were largely English, Irish, Scottish and German, while there was a wave of immigration from southern and eastern Europe (most notably Italy) in the decades following the second world war. In the 21st century, Asia (most notably China and India) has been the primary source of immigration.
At the 2016 census, the most commonly nominated ancestries were:[N 3][79][80]
The 2016 census showed that 28.9% of Queensland's inhabitants were born overseas. Only 54.8% of inhabitants had both parents born in Australia, with the next most common birthplaces being New Zealand, England, India, Mainland China and South Africa.[79][80] Brisbane has the 26th largest immigrant population among world metropolitan areas.
4% of the population, or 186,482 people, identified as Indigenous Australians (Aboriginal Australians and Torres Strait Islanders) in 2016.[N 6][79][80]
At the 2016 census, 81.2% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.5%), Vietnamese (0.6%), Cantonese (0.5%), Spanish (0.4%) and Italian (0.4%).[82][83]
At the 2021 census, 80.5% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.6%), Vietnamese (0.6%), Punjabi (0.6%) and Spanish (0.6%).[84]
At the 2016 census, the most commonly cited religious affiliations were 'No religion' (29.2%), Catholicism (21.7%) and Anglicanism (15.3%).[85]
According to the 2021 census, 45.7% of the population follows Christianity, and 41.2% identified as having No religion[84][86] About 5% of people are affiliated with a non-Christian religion, mainly Buddhism (1.4%), Hinduism (1.3%) and Islam (1.2%).[84]
Queensland is home to numerous universities. The state's oldest university, the University of Queensland, was established in 1909 and frequently ranks among the world's top 50.[87][88][89] Other major universities include Queensland University of Technology, Griffith University, the University of Southern Queensland, the University of the Sunshine Coast, James Cook University (which was the state's first university outside of South East Queensland), Central Queensland University and Bond University (which was Australia's first private university).
International education is an important industry, with 134,312 international students enrolled in the state in 2018, largely focused on Brisbane. Most of the state's international students are from Asia.[90]
At the primary and secondary levels, Queensland is home to numerous state and private schools.
Queensland has a public library system which is managed by the State Library of Queensland.[91] Some university libraries are also open to the public.
In 2019, Queensland had a gross state product of A$357,044 million, the third-highest in the nation after New South Wales and Victoria.[92] The construction of sea ports and railways along Queensland's coast in the 19th century set up the foundations for the state's export-oriented mining and agricultural sectors. Since the 1980s, a sizeable influx of interstate and overseas migrants, large amounts of federal government investment, increased mining of vast mineral deposits and an expanding aerospace sector have contributed to the state's economic growth.[93]
Primary industries include bananas, pineapples, peanuts, a wide variety of other tropical and temperate fruit and vegetables, grain crops, wineries, cattle raising, cotton, sugarcane, and wool. The mining industry includes bauxite, coal, silver, lead, zinc, gold and copper.[94][95]
Secondary industries are mostly further processing of the above-mentioned primary produce. For example, bauxite is shipped by sea from Weipa and converted to alumina at Gladstone.[96] There is also copper refining and the refining of sugar cane to sugar at a number of mills along the eastern coastline.
Major tertiary industries are retail, tourism, and international education. In 2018, there were 134,312 international students enrolled in the state, largely focused on Brisbane. Most of the state's international students are from Asia.[90]
Brisbane is categorised as a global city, and is among Asia-Pacific cities with largest GDPs. It has strengths in mining, banking, insurance, transportation, information technology, real estate and food.[97] Some of the largest companies headquartered in Brisbane, all among Australia's largest, include Suncorp Group, Virgin Australia, Aurizon, Bank of Queensland, Flight Centre, CUA, Sunsuper, QSuper, Domino's Pizza Enterprises, Star Entertainment Group, ALS, TechnologyOne, NEXTDC, Super Retail Group, New Hope Coal, Jumbo Interactive, National Storage, Collins Foods and Boeing Australia.[98]
As a result of its varied landscapes, warm climate, and abundant natural environment, tourism is Queensland's leading tertiary industry with millions of interstate and international visitors visiting the state each year. The industry generates $8.8 billion annually, accounting for 4.5% of Queensland's Gross State Product. It has an annual export of $4.0 billion annually. The sector directly employs about 5.7% of Queensland citizens.[99] Accommodation in Queensland caters for nearly 22% of the total expenditure, followed by restaurants/meals (15%), airfares (11%), fuel (11%) and shopping/gifts (11%).[100]
The most visited tourist destinations of Queensland include Brisbane (including Moreton and South Stradbroke islands and the Gold Coast) as well as the Sunshine Coast, the Great Barrier Reef, Cairns, Port Douglas, the Daintree Rainforest, K'gari and the Whitsunday Islands.[101][102][103]
Brisbane is the third most popular destination in Australia following Sydney and Melbourne.[104] Major attractions in its metropolitan area include South Bank Parklands, the Queensland Cultural Centre (including the Queensland Museum, Queensland Art Gallery, Gallery of Modern Art, Queensland Performing Arts Centre and State Library of Queensland), City Hall, the Story Bridge, the Howard Smith Wharves, ANZAC Square, St John's Cathedral, Fortitude Valley (including James Street and Chinatown), West End, the Teneriffe woolstores precinct, the Brisbane River and its Riverwalk network, the City Botanic Gardens, Roma Street Parkland, New Farm Park (including the Brisbane Powerhouse), the Kangaroo Point Cliffs and park, the Lone Pine Koala Sanctuary, the Mount Coot-tha Reserve (including Mount Coot-tha Lookout and Mount Coot-tha Botanic Gardens), the D'Aguilar Range and National Park, as well as Moreton Bay (including Moreton, North Stradbroke and Bribie islands, and coastal suburbs such as Shorncliffe, Wynnum and those on the Redcliffe Peninsula).[105][106][107]
The Gold Coast is home to numerous popular surf beaches such as those at Surfers Paradise and Burleigh Heads. It also includes the largest concentration of amusement parks in Australia, including Dreamworld, Movie World, Sea World, Wet 'n' Wild and WhiteWater World, as well as the Currumbin Wildlife Sanctuary. The Gold Coast's hinterland includes Lamington National Park in the McPherson Range.[citation needed]
The Sunshine Coast includes popular surfing and beach destinations including Noosa Heads and Mooloolaba. It is also home to UnderWater World and Steve Irwin's Australia Zoo. Its hinterland includes the Glass House Mountains National Park.[108]
Cairns is renowned as the gateway to the Great Barrier Reef, Far North Queensland (including Port Douglas) and the Daintree Rainforest. The Whitsunday Islands off the coast of North Queensland are a popular tourist destinations for their resort facilities and access to the Great Barrier Reef.[109]
One of the six founding states of Australia, Queensland has been a federated state subject to the Australian Constitution since 1 January 1901. It may legislate on all matters not ceded in the Australian Constitution to the federal government. It is a parliamentary constitutional monarchy. The Constitution of Queensland sets out the operation of the state's government. The state's constitution contains several entrenched provisions which cannot be changed in the absence of a referendum. There is also a statutory charter of rights, the Queensland Human Rights Act 2019. Queensland's system of government is influenced by the Westminster system and Australia's federal system of government.
The government power can be divided into three groups:
Executive authority is nominally vested in the Governor of Queensland (currently Jeannette Young) who represents and is appointed by the Monarch (currently Charles III) on the advice of the Premier of Queensland. The Premier, who is the state's Head of government, along with the Cabinet of Queensland (whose decisions are formalised by the Executive Council), exercise executive authority in practice. The Premier is appointed by the Governor and must have support of the Legislative Assembly of Queensland. The Premier is in practice a leading member of the Legislative Assembly and parliamentary leader of his or her political party, or coalition of parties, and members of the Cabinet will be drawn from the same party or coalition. The current Premier and Deputy Premier are David Crisafulli and Jarrod Bleijie of the Liberal National Party respectively. Government House at Paddington in Brisbane is the seat of the Governor, having replaced Old Government House at Gardens Point in Brisbane's CBD in the early 20th century. The executive branch is simply referred to as the Queensland Government.
Legislative authority is exercised by the Queensland Parliament which uniquely for Australian states is unicameral, containing only one house, the Legislative Assembly. The Parliament was bicameral until 1922 when the Legislative Council was abolished by the Labor "suicide squad", so called because they were appointed for the purpose of voting to abolish their own offices.[110] Bills receive royal assent from the Governor before being passed into law. The Parliament's seat is at Parliament House at Gardens Point in Brisbane's CBD. Members of the Legislative Assembly represent 93 electoral districts. Elections in Queensland are held at the end of each fixed four-year parliamentary term and are determined by instant-runoff voting.
The state's judiciary consists of the Supreme Court of Queensland and the District Court of Queensland, established by the Queensland Constitution, as well as the Magistrates Court of Queensland and other courts and tribunals established by legislation. Cases may be appealed to the High Court of Australia. As with all Australian states and territories, Queensland has a common law legal system. The Supreme and District courts are headquartered at the Queen Elizabeth II Courts of Law in Brisbane's CBD.
The state's politics are traditionally regarded as being conservative relative to other states.[111][112][113][114][115] Historically, the lack of an upper house, the "Bjelkemander" (a malapportion favouring rural electoral districts) has meant that Queensland had a long tradition of domination by strong-willed, populist premiers, often accused of authoritarian tendencies, holding office for long periods. This tendency was exemplified by the government of the state's longest-serving Premier Joh Bjelke-Petersen.
Local government is the mechanism by which local government areas can manage their own affairs to the extent permitted by the Local Government Act 2009. Queensland is divided into 77 local government areas, which are created by the state government under the legislation.[116] Each local government area has a council responsible for providing a range of local services and utilities. Local councils derive their income from both rates and charges on resident ratepayers, and grants and subsidies from the state and federal governments.[117]
In the federal Parliament, Queensland accounts for 30 of the 151 electoral divisions in the House of Representatives (based on population size) and 12 of the 76 seats in the Senate (based on equality between the states).
The current partisan makeup of Queensland's House of Representatives delegation is 21 Liberal National, 5 Labor, 3 Australian Greens, and 1 Katter's Australian Party.
The current partisan makeup of Queensland's Senate delegation is 5 Liberal National, 3 Labor, 2 One Nation, and 2 Green.
Queensland is home to major art galleries including the Queensland Art Gallery and the Queensland Gallery of Modern Art as well as cultural institutions such as the Queensland Ballet, Opera Queensland, Queensland Theatre Company, and Queensland Symphony Orchestra, all based at the Queensland Cultural Centre in Brisbane. The state is the origin of musicians such as the Bee Gees, the Go-Betweens, the Veronicas, the Saints, Savage Garden, and Sheppard as well as writers such as David Malouf, Nick Earls and Li Cunxin.
Major annual cultural events include the Royal Queensland Exhibition (known locally as the Ekka), an agricultural exhibition held each August at the Brisbane Showgrounds as well as the Brisbane Festival, which includes one of the nation's largest annual fireworks displays called 'Riverfire', and which is held each September.
The state of Queensland is represented in all of Australia's national sporting competitions and it is also host to a number of domestic and international sporting events. The most popular winter and summer team sports are rugby league and cricket, respectively.
In the National Rugby League, the Brisbane Broncos, North Queensland Cowboys, The Dolphins and Gold Coast Titans are based in the state. Rugby league's annual State of Origin series is a major event in the Queensland sporting calendar, with the Queensland Maroons representing the state.
In cricket, the Queensland Bulls represent the state in the Sheffield Shield and the Ryobi One Day Cup, while the Brisbane Heat compete in the Big Bash League.
Queensland is also home to the Brisbane Lions and the Gold Coast Suns in the Australian Football League (Australian rules football), and the Brisbane Roar FC in the A-League (soccer). In netball, the Queensland Firebirds went undefeated in the 2011 season as they went on to win the Grand Final. Other sports teams are the Brisbane Bullets and the Cairns Taipans, who compete in the National Basketball League.
The state is represented by the Queensland Reds in the Super Rugby (rugby union).
Swimming is also a popular sport in Queensland, with many Australian team members and international medalists hailing from the state.
Brisbane will host the 2032 Summer Olympics, marking the third time Australia hosted the Olympic Games following Melbourne 1956 and Sydney 2000.[119] Major recurring sporting events hosted in Queensland include: the Gold Coast 600 (motorsport; since 1994), the Gold Coast Marathon (athletics; since 1979), the NRL All Stars Game (rugby league; since 2010), the Townsville 400 (motorsport; since 2009), the Quicksilver Pro and Roxy Pro (surfing) and Australian PGA Championship (golf; since 2000).
The official state emblems of Queensland are prescribed in the Emblems of Queensland Act 2005.
Queen Victoria granted the Queensland Coat of Arms to the Colony of Queensland in 1893, making it the oldest State Arms in Australia.[120] It depicts Queensland's primary industries in the 19th century with a sheaf of wheat, the heads of a bull and a ram, and a column of gold rising from a heap of quartz. Two stalks of sugar cane which surround the state badge at the top, and below is Queensland's state motto, Audax at Fidelis, which means "Bold but Faithful". In 1977, Queen Elizabeth II granted the supporting animals, the brolga and the red deer.[120][121]
In November 2003 maroon was officially named Queensland's state colour, after many years of association with Queensland sporting teams.
The koala was officially named the animal or faunal, emblem of Queensland in 1971 after a newspaper poll showed strong public support. The Queensland Government introduced the poll due to a proposal by state tourism ministers for all states to adopt a faunal emblem.[120] In January 1986, the brolga was announced as the official bird emblem of Queensland, after many years on the Coat of Arms.[121]
The Cooktown orchid became known as Queensland's floral emblem in 1959, during celebrations to mark the state's centenary,[122][123] and the Barrier Reef Anemone Fish was officially named as Queensland's aquatic emblem in March 2005.[124]
The sapphire was named the official state gem for Queensland in August 1985.[125][126]
Queensland is served by several National Highways and, particularly in South East Queensland, a network of freeways such as the M1. The Department of Transport & Main Roads oversees the development and operation of main roads and public transport, including taxis and local aviation.
Principal rail services are provided by Queensland Rail, predominantly between the major centres east of the Great Dividing Range. Freight rail services in Queensland have been provided mostly by Aurizon and Pacific National, with interstate intermodal services provided by Pacific National and SCT Logistics. Major seaports include the Port of Brisbane, Australia's third busiest by value of goods, as well as those at Gladstone, Townsville, and Bundaberg. There are large coal export facilities at Hay Point, Gladstone, and Abbot Point. Major sugar export facilities are located at Lucinda and Mackay.
Brisbane Airport is the main international and domestic gateway serving the state, and is the third busiest in Australia. Other international airports include the Gold Coast Airport, Cairns International Airport, and Townsville Airport. Regional airports with scheduled domestic flights include Toowoomba Wellcamp Airport, Great Barrier Reef Airport, Hervey Bay Airport, Bundaberg Airport, Mackay Airport, Mount Isa Airport, Proserpine / Whitsunday Coast Airport, Rockhampton Airport, and Sunshine Coast Airport.
South East Queensland has an integrated public transport system operated by Translink, which provides services bus, rail, light rail and Brisbane's ferry services through Queensland Rail and contracted operators. The region is divided into seven Fare zones radiating outwards from the Brisbane central business district, which is the central hub for the system. The Queensland Rail City network consists of 152 train stations along 13 suburban rail lines and across the region, and predominantly within Brisbane's metropolitan area. There is also a large bus network including Brisbane's large dedicated bus rapid transit network, the Brisbane busway network. Brisbane's popular ferry services include the CityCat, Cross River, and CityHopper services which have dedicated wharves along the Brisbane River. The G:link, Queensland's only light rail network, operates on the Gold Coast.[127]
The new Queensland Cross River Rail is a metro network that is currently under development within Brisbane and is part of the crucial infrastructure project to prepare the city for the 2032 Olympic games. It will be a transformative addition to the state's transportation infrastructure, set to revolutionise the way people move within Brisbane and its surrounding areas. Operating as a crucial link between the north and south sides of the city, the Cross River Rail introduces an innovative approach to urban mobility. It features state-of-the-art electric trains running on dedicated tracks, providing fast, efficient, and sustainable transit options for commuters. With improved connectivity, reduced congestion, and enhanced accessibility, this rail project aims to enhance the overall quality of life for residents and visitors alike, contributing significantly to Queensland's continued development and growth.[128]
Queensland Health operates and administers the state's public health system. There are sixteen regional Health and Hospital Services corresponding to geographical regions which are responsible for delivering public health services within their regions. Major public hospitals include the Royal Brisbane and Women's Hospital, Princess Alexandra Hospital, the Mater Hospital, the Queen Elizabeth II Jubilee Hospital, and the Queensland Children's Hospital in Brisbane, as well as the Townsville University Hospital, Cairns Hospital, Gold Coast Hospital and Gold Coast University Hospital in the regional cities. There are smaller public hospitals, as well as private hospitals, around the state.
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The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation,[1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank[2] and some commentators have argued that there is an Australian property bubble.[citation needed]
The residential housing market has seen drastic changes in prices in the past few decades. The property prices are soaring in major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane and Hobart.[3] The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities. [5] When compared with the soaring prices of 2017, the housing prices fell by 11.1% in Sydney and 7.2% in Melbourne in 2018.[6] In 2022 the residential rental market has seen a significant increase in rents, which has been described as a ‘rental crisis’.
In 2011 there were 8.6m households with an average household size of 2.6 persons per household.[7] Freestanding houses have historically comprised most building approvals, but recent data shows a trend towards higher density housing such as townhouses and units.[8] Turnover rates vary across market cycles, but typically average 6% per year.[9] Since 1999-2000 the proportion of households renting from state/territory housing authorities has declined from 6% to 3% while the proportion renting privately increased from 20% to 26% in 2019-20.[10]
The Australian property market is non-uniform, with high variation observed across the major cities and regional areas.[11]
In Sydney, as of March 2010, the Property Market's vacancy rate reached 0.53% signalling that the market is recovering, as these rates had reached 2% in August 2009. As of July 2015, the Property Market in Sydney has surged in the first Q of 2015, up 3.1%.[12] Sydney's eastern and northern suburbs typically attract the highest prices, reflecting their desirability and premium location.[13] The annual capital growth for houses and units in Sydney is 4.2% and 3.8% respectively.[14]
In the late 2000s, housing prices in Australia, relative to average incomes, were among the highest in the world. As at 2011, house prices were on average six times average household income, compared to four times in 1990.[15] This prompted speculation that the country was experiencing a real estate bubble, like many other countries.[16]
Foreign investment has also been identified as a key driver of affordability issues, with recent years seeing particularly high capital inflows from Chinese investors.[17]
A number of economists, such as Macquarie Bank analyst Rory Robertson, assert that high immigration and the propensity of new arrivals to cluster in the capital cities is exacerbating the nation's housing affordability problem.[18] According to Robertson, Federal Government policies that fuel demand for housing, such as the currently high levels of immigration, as well as capital gains tax discounts and subsidies to boost fertility, have had a greater impact on housing affordability than land release on urban fringes.[19]
The Productivity Commission Inquiry Report No. 28 First Home Ownership (2004) also stated, in relation to housing, "that Growth in immigration since the mid-1990s has been an important contributor to underlying demand, particularly in Sydney and Melbourne."[20] This has been exacerbated by Australian lenders relaxing credit guidelines for temporary residents, allowing them to buy a home with a 10 percent deposit.
The RBA in its submission to the same PC Report also stated "rapid growth in overseas visitors such as students may have boosted demand for rental housing".[20] However, in question in the report was the statistical coverage of resident population. The "ABS population growth figures omit certain household formation groups – namely, overseas students and business migrants who do not continuously stay for 12 months in Australia."[20] This statistical omission lead to the admission: "The Commission recognises that the ABS resident population estimates have limitations when used for assessing housing demand. Given the significant influx of foreigners coming to work or study in Australia in recent years, it seems highly likely that short-stay visitor movements may have added to the demand for housing. However, the Commissions are unaware of any research that quantifies the effects."[20]
Some individuals and interest groups have also argued that immigration causes overburdened infrastructure.[21][22]
In December 2008, the federal government introduced legislation relaxing rules for foreign buyers of Australian property. According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth."[23]
Australian property investors often apply the practice of negative gearing. This occurs when the investor borrows money to fund the purchase of the property, and the income generated by the property is less than the cost of owning and managing the property including interest.[24] The investor is expecting that capital gains will compensate for the shortfall. Negative gearing receives considerable media and political attention due to the perceived distortion it creates on residential property prices. In anticipation of Labor being elected in the 2019 federal election, the banks issued less interest only loans which are used by many investors for negative gearing.[25]
In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants.[26] A number of sources have described the situation as a ‘rental crisis’.[27][28]
The primary reason for the rental crisis is a lack of supply due to a variety of reasons, including existing landlords selling their rental properties which are being purchased by owner-occupiers[29][30][27] and some landlords using their properties on the short term rental market such as Airbnb.[31] Other commenators cited a lack of social housing being provided by the government.[32] The COVID-19 pandemic also impacted the rental market with shared households reducing in size and city workers moving to regional areas due to increased remote work.[33]