News

'Monstrous' amount of people leaving CQ

REIQ CEO Antonia Mercorella
Photo Contributed
REIQ CEO Antonia Mercorella Photo Contributed Contributed

UPDATE: 12.10pm 

REIQ have issued a statement saying they got it wrong with their statistics on the number of people who left Rockhampton in the last year. 

The REIQ March Quarter Monitor reported 3,565 people had left Rockhampton in the 2016 financial year. However the report, with stats obtained from ABS, referred to the Fitzroy Region. 

That includes Rockhampton, Central Highlands, Gladstone, Banana and Woorabinda. 

"Regional Queensland is also facing population issues as ABS and CoreLogic data reveals that almost 7000 people moved away from the Central Queensland regions of Fitzroy SA4 (-3565) and Mackay SA4 (-3248) in the 2016 financial year."

The Morning Bulletin did double check with REIQ to whether the data was accurate before going to print. 

The REIQ apologises for this inaccurate description of boundaries.  

EARLIER: 

BE IT for greener pastures or a simple change of scenery, families are fleeing Central Queensland in their droves.

In the last financial year alone, a staggering 3,565 people have moved away from the city - around 5% of the population.

According to ABS, regional Queensland is facing a population crisis - all the while the south-east corner sees steady, sustainable growth.

REIQ CEO Antonia Mercorella said employment prospects was the leading factor behind the southern movement.

"People often will leave a community in search of work in the larger centres, so it's no surprise that we're seeing people moving to the southeast corner, however, this presents particular challenges for the regional markets," Ms Mercorella said.

"This will push those markets further into oversupply and it would have been helpful had the State Government announced it was broadening the First Home Buyer Grant to include established homes in regional Queensland as a Budget measure to help these markets," she said.

"Unfortunately, they have chosen to ignore our pleas, and the pleas of the mayors in those regional towns."

 

Capricornia Chamber of Commerce president Peter Fraser.
Capricornia Chamber of Commerce president Peter Fraser. Tamara MacKenzie ROK141016cbafra

Capricornia Chamber of Commerce president Peter Fraser said the figures were "monstrous" and scary.

"That is an enormous number of people, monstrous," Mr Fraser said.

"I am shocked. And we should be asking serious questions to council as to why to stop this. Why are they all leaving?

"The thing that has come obvious to me is the amount of for sale signs up. There is a lot of stock on the market."

Rockhampton, Gladstone, Mackay and Townsville reported a large contraction in the annual median house price for the past five years.

Sales for regional centres
Sales for regional centres Contribted

These regions have suffered the largest negative impact from the mining downturn and remain very affordable with the March median sale price for these regions fluctuating between $260,000 and $330,000.

Amongst the largest LGAs in Queensland, Rockhampton has become the most affordable house market with an annual median sale price of $270,000 and a March quarterly median sale price of $260,000.

"Overall, the March quarter has started 2017 off reasonably steady in most markets with consistent if somewhat moderate growth in both the house and unit markets," she said.

"Our hope is that the recovering coal price will give the Queensland economy a much-needed boost and that the Government's recently announced infrastructure and jobs programs succeed in creating jobs for Queenslanders that will help them gain secure and affordable housing."



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