The Exodus Continues
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English - October 16, 2023 08:02 - 3 minutes - 8.02 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Australia has just recorded its highest population growth in 20 years.
And the data about which areas of the nation are growing the fastest shows that the trend we call the Exodus to Affordable Lifestyle is continuing strongly.
Western Australia and Queensland continue to be national leaders on price growth, while the two biggest states on population, NSW and Victoria, continue to lose population through internal migration – which means people moving from one part of Australia to another.
The biggest part of that trend is people leaving our two biggest cities, Sydney and Melbourne, and moving to smaller cities or to regional areas.
That’s been happening in significant numbers for the past decade and was NOT caused by the Covid
lockdowns, as some media reports have suggested.