Migration Trends Show Shift from Capital Cities to Regional Hotspots
What happened
A new index tracking internal Australian migration shows that Australians are moving away from capital cities. In the March quarter, city-to-region moves accounted for 11.9% of all internal Australian migration. The index, which draws on customer location information from Commonwealth Bank, recorded its highest level of capital-to-regional movement.
From moreechampion.com.au
Why it matters
The consistent trend of people choosing regional life despite economic shifts, including inflation and housing pressures, helps identify emerging regional growth hotspots. These areas may require new planning and investment in housing and infrastructure.
A bank uses population movement data to track migration, showing Melbourne residents are moving to regional areas like Lake Macquarie and Sunshine.
From moreechampion.com.au
Who's involved
- Commonwealth BankProduced the Regional Movers Index using customer location data
- Sunshine CoastIdentified as an emerging regional growth hotspot
- BrisbaneA capital city experiencing migration trends
- QueenslandThe state containing the noted growth areas
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- StocklandSpeculative
Increased regional migration could drive housing demand in the Sunshine Coast region, affecting property development revenue.
- Sunshine CoastSpeculative
Increased population influx might drive demand for local services and housing, affecting local business sales.
How it developed
Newest first. Tap a step to see who reported it.- Lendlease completed major construction programs, including the Glasshouse Theatre, in Brisbane and Sunshine Coast.Sub-event
- Financial support flows from Commonwealth Bank to a specific operation involving the Bulloo and Dutton Rivers near Brisbane.Sub-event
- The retail sector in Brisbane is driving economic growth and employment.Sub-event
Brisbane and Sunshine Coast are emerging as regional growth hotspots, tracking migration.1 source
Keep exploring
The entities involved
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Commonwealth Bank
Australian multinational bank
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Sunshine Coast
metropolitan area in Queensland, Australia
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Brisbane
capital city of Queensland, Australia
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