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From Capitals to Rural Pastures

New CoreLogic Property Pulse data shows that interstate migration is on the move as people depart from cities and head to regional areas.
CoreLogic Property Pulse analyst Cameron Kusher has analysed the latest statistics from the Australian Bureau of Statistics and found that people are leaving the cities but are staying in their original state.
“Overall, a significant number of those people that move away from a capital city over the past financial year moved to an area adjacent to the capital city,” Mr. Kusher said.
Mr. Kusher added that there are many reasons why people leave the city, but there are generally a few common denominators.
“There are multiple reasons why we’re seeing more people move to new locations; however, it’s generally for more affordable housing or because they’re looking for a sea change/tree change,” the analyst said.
Up in Queensland, most residents moving from Brisbane tended to remain in the southern regions of the state, with the Gold Coast, the Sunshine Coast and Toowoomba being most popular. (As taken from real estate business bulletin)