Local House Price Effects of Internal Migration in Queensland: Australia's Interstate Migration Capital |
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| Authors: | Isil Erol Umut Unal |
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| Affiliation: | 1. Erol: Department of International Finance, Ozyegin University, 34794 Istanbul, Turkey;2. Unal: Research Institute for Labour and Social Affairs, Dělnická 213/12, 170 00 Prague 7, Czech Republic. Corresponding author: Unal, email <3. umut.unal@rilsa.cz>4. . |
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| 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. |
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