New report confirms spike in city residents making move to Sunshine, Gold Coasts
Locals have known for some time but new statistics confirm that Sydney and Melbourne residents left the city life in droves to enjoy the Sunshine Coast’s lifestyle.
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A new report confirms the rapid increase in residents leaving Sydney and Melbourne to enjoy the Sunshine Coast’s lifestyle in the past 12 months.
The Gold and Sunshine Coasts were the two top regions that residents chose to migrate to from cities between March 2020-21, according to the Regional Movers Index.
The Regional Australia Institute, in partnership with the Commonwealth Bank, developed the new index to identify where the large number of city residents were moving to.
It found the Sunshine Coast recorded the largest growth in migration from capital cities, being up 24 per cent in the March 2021 quarter and 14 per cent when compared to the same month last year.
The Gold Coast was the most popular destination with the glitter strip welcoming 11 per cent of all city dwellers who moved to regional areas during the March 2021 quarter.
Other popular destinations were Greater Geelong, Wollongong and Newcastle.
“But it was the Queensland municipalities of Noosa and Southern Downs which saw the largest quarterly growth in migration from capital cities compared with a year earlier, recording increases of 49% and 44%, respectively,” Regional Australia Institute CEO Liz Ritchie said.
The index was formed with data from domestic migration from the bank’s customer base of 10 million people, where six months in a new location qualified as migration.
Ms Ritchie said the index gave decision-makers, including government, important data.
“This new index enables the early identification of growth trends and flags emerging hot spots which may need fresh thinking on housing and infrastructure,” Ms Ritchie said.
“The index tracks metro-movers down to a local government area and will report just one month after each quarter, compared with official data which is less detailed and has a reporting gap of four months.”
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