Almost 50,000 people chose to move away from capital cities and into regional Australia last year.
Analysis of population data and real estate transactions by Propertyology shows that, in the year to June 2021, 48,202 people moved to regional
locations with many heading to Queensland.
The population on the Sunshine Coast increased by 9%, while Hervey Bay increased by 6.5%, Gympie and the Gold Coast both 5.2%, the Scenic Rim 5.1% and Yeppoon 3.1%.
Propertyology founder Simon Pressley says Greater Brisbane and Greater Hobart have the highest population growth from internal migration with
their populations up 2.8% and 1% respectively in the past five years. “Their respective property markets produced capital growth rates of 29% and 80% over the five-year period,” he says.
Of those moving away from capital cities last year, the majority came from Sydney and Melbourne.
Victoria’s Surf Coast was also a popular destination with its population up by 12.5% and NSW’s Port Macquarie region up by 8.5%.