• By Admin
• 15-07-24 12:08:02 +05:3004
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Millennial moves: Why young families are leaving our cities – again

Regional Australia Institute chief executive Liz Ritchie said there were 24% more people moving away from the city to regions than the other way around. 

"The regional renaissance is rising as Millennials realise their dreams and aspirations," she said. 

"They want space, a sense of community, and to be connected with nature.  

"They're seeing that they can have a better-rounded life, an exciting career and potentially get into the property market in the regions – without the long commute times, tolls and traffic." 

Where are they moving to? 

Sydney continues to be the nation’s biggest shedder of people, accounting for 67% of net capital city outflows to the regions over the year to March 2024. 

The biggest beneficiaries of these city departures are the Sunshine Coast and Gold Coast, which suggests the move is not just about affordability but also lifestyle. 

Regional Australia Institute chief executive Liz Ritchie said there were 24% more people moving away from the city to regions than the other way around. 

"The regional renaissance is rising as Millennials realise their dreams and aspirations," she said. 

"They want space, a sense of community, and to be connected with nature.  

"They're seeing that they can have a better-rounded life, an exciting career and potentially get into the property market in the regions – without the long commute times, tolls and traffic." 

Where are they moving to? 

Sydney continues to be the nation’s biggest shedder of people, accounting for 67% of net capital city outflows to the regions over the year to March 2024. 

The biggest beneficiaries of these city departures are the Sunshine Coast and Gold Coast, which suggests the move is not just about affordability but also lifestyle.