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Australians fleeing Sydney and Melbourne to live on the Sunshine Coast, Gold Coast, regional areas


Australians are fleeing Sydney and Melbourne to live in regional areas by the coast with lockdowns accelerating this trend.
The Commonwealth Bank, Australia s biggest bank, revealed south-east Queensland, the Mid-North Coast of New South Wales and northern Tasmania have experienced a population surge since the pandemic.
Intriguingly, residents of Sydney s picturesque Northern Beaches are the most keen to leave, as this area endures its second, extended lockdown since Christmas.
Grant Cairns, Commonwealth s general manager for regional banking, said working-age Australians and not just baby boomers were making the switch to a regional area, citing change-of-address data among the bank s 10million customers. ....

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Capital city exodus drives regional property boom


MacroBusiness
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at 11:00 am on June 28, 2021 | 1 comment
Regional migration is at its highest since 2018, according to a report by the Commonwealth Bank and the Regional Australia Institute, with regional migration up 7% cent in the March quarter when compared to the same period in 2020.
The Gold Coast in Queensland was the most popular destination for people moving from the capital cities, followed by Queensland’s Sunshine Coast, Greater Geelong in Victoria, then Wollongong and Newcastle in NSW. All five are large coastal centres close to capital cities.
The number of people who made this move [to regional Australia] in the March 2021 quarter is 7 per cent more than in the March 2020 quarter. This latest level of movement is also the largest since early 2018. ....

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