Millennials Making Big Move to Regions

  • By Peter Gordon
  • •
  • 25 Jun, 2020
Interesting article on how Covid-19’s aftershocks may affect regional population trends.

Regional Australia attracted more people than it lost to capital cities during the last census, reveals a new report, which also found Sydney lost more millennials to the regions than it gained between 2011 and 2016.

Regional Australia Institute’s “Big Movers” report examines how Covid-19’s aftershocks may affect regional population trends, as a growing number of millennials look to regional areas over capital city living.

“While 178,961 millennials moved to capital cities from regional Australia, more than 200,000 moved between regions,” Regional Australia Institute chief executive Liz Ritchie said.

The report unpacks population trends around the country, taking in national census data from between 2011 and 2016.

The research places an emphasis on millennials—people aged between 20 and 35 years at the 2016 census date—because the cohort is likely to have young families, be working at early-mid career levels or in trades, and is also increasingly likely to purchase residential property in regional areas.

“Like all Australians who moved between 2011 and 2016, the mobility of millennials reflects a ‘voting with their feet’ to find the mix of work and lifestyle that they value,” Ritchie said.

“Some 37,000 millennials moved from Sydney to regions, with 32,500 moving the other way.”

Sydney was the only city to see a net outflow of millennials between 2011 and 2016. All other cities saw net inflows of millennials, with Brisbane and Melbourne each seeing the largest inflows, more than 10,000.

The top three regional destinations for millennials to move to during the last census period were the Gold Coast, Newcastle and the Sunshine Coast.

The top 12 destinations—all large regional centres—also include Greater Geelong, Cairns, Toowoomba, Ballarat, Maitland, Greater Bendigo and Lake Macquarie.

How’s the serenity?

Figures show 501,643 people moved from capital cities into regional Australia between 2011 and 2016, while 436,439 people moved from regions to the capital cities for the period.

“From 2011 to 2016, our two biggest cities, Sydney and Melbourne, lost more residents to regions than they gained—and this was well before Covid-19,” Ritchie said.

“Over the last few months, we’ve all had to change how we work and this has allowed staff and employers to see that location is no longer a barrier for where we choose to work.

Over the five years to 2016, Australia’s regions attracted a net inflow of 65,204 people from Australia and state capital cities, meaning the regions attracted more people than those who left for capital cities.

“As a country, we are an extremely mobile nation, and we have a propensity to change our address at twice the rate of people in most OECD countries.

“If location is no longer a barrier for employment, it’s possible that the trend line over the next decade could see an even greater swing to regions,” she said.

The research also reveals that 690,216 people moved between communities—moving from one place in regional Australia to live in another part of regional Australia—rather than to a capital city.

Article courtesy The Urbane Developer 23/6/20

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Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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