From city to country By Jarrod McAleese
Melburnians and Sydneysiders alike are departing the nation’s two biggest capital cities in significant numbers, according to the latest Australian Bureau of Statistics (ABS) data.
Figures released this month, detailing current housing finance, building approval and interstate migration rates, confirm the continuation of a trend that’s been synonymous with the COVID-19 pandemic thus far. “More than 60,000 people departed Melbourne and Sydney to other parts of the country in the 12 months to March 2021,” said Housing Industry Association Chief Economist, Tim Reardon. Notably, the change of scenery being sought by residents appears to be a permanent one – a pattern amplified by the freeze on country-to-country movement.
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