Sydneysiders are abandoning the city in favour of cheaper housing and lockdown-free life in the state’s regions as the coronavirus pandemic up-ends migration around the country | swrighteconomy JennieDuke
Sydneysiders are abandoning the city in favour of cheaper housing and lockdown-free life in the state’s regions as the coronavirus pandemic up-ends migration around the country.
But there are signs of change. In the first three months of this year, NSW gained a net 880 people from Victoria – the first time since the middle of 2017. But it lost people to every other state or territory. While Sydney and Melbourne shed residents, Brisbane and Perth are increasingly attractive to internal migrants. Brisbane has gained 16,300 people from other parts of the country since the start of the pandemic while Perth has gained 5072.KPMG urban and regional planner Terry Rawnsley said the pandemic had changed population patterns.“Melbourne is a good case study. Before COVID, Melbourne was drawing people in every quarter from elsewhere in Australia.
“The new challenge is that the regional areas which haven’t experienced population growth for a long time weren’t ready to accommodate this growth.”“The exodus from the city to the regions is being led by baby boomers and Generation X. In part, COVID-19 may be driving retirement plans. But the 25 to 44 cohort isn’t far behind,” he said.
Governor Philip Lowe said it was likely the September-quarter national accounts would show the economy contracting because of the impact of lockdowns in Sydney, Victoria, south-east Queensland and South Australia.
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