The end of the mining boom and broader economic sluggishness have no doubt contributed to Queensland falling to fifth place in terms of population growth among Australian States and Territories (see chart below based on ABS data released on Thursday).
Queensland is not attracting overseas (OS) or interstate migrants to the same extent as it has in the past (see chart below). I have previously commented on how we have actually been losing people to Victoria, a State that we once gained a lot of people from (see Interstate migration to Queensland remains low, and we’re still losing people to Victoria, but note I am still waiting for the latest detailed interstate migration data to confirm the net loss to Victoria is still the case).
In periods when net migration to Queensland was high, such as several years in the 1990s and 2000s, Queensland was number one in population growth in Australia (see chart below), but, as noted above, we have now fallen to fifth place.
And, since mid-2014, Queensland’s population has been growing at a slower rate than the rest of Australia’s (see chart below). This is all very concerning because, given our natural advantages (e.g. climate, natural resources, environment), we should be growing at a faster rate than other States. It is time for the Queensland Government to look closely at regulations that might be unnecessarily restricting economic development or making us a less attractive place to live.