The major coastal cities close to the east coast capitals are the main destinations for city-dwellers making a regional move – Gold Coast welcomed 11 per cent of all capital-city movers , Sunshine Coast 6 per cent, Greater Geelong 4 per cent, Wollongong 2 per cent, and Lake Macquarie 2 per cent.
Three of the top 5 highest-growth local government areas in the 12 months to June 2022 were in South Australia with young people making up the largest proportion of movers from cities.
Mount Gambier experienced a 90 per cent increase in regional movement over the year, while capital-city people moving to Port Augusta rose 63 per cent and the Yorke Peninsula 50 per cent. Other LGAs such as Moorabool in Victoria grew significantly, while Bathurst in NSW also featured in the top 5 highest growth LGAs for the first time.
Mr Fowler said Bathurst saw a 39 per cent increase in annual growth. It is a rapidly growing inland centre with a diverse range of thriving industries including agriculture, education, healthcare, manufacturing, and construction.
“Bathurst is a renowned for its innovation. There are a growing number of businesses in the region and many exciting projects that are driving employment and growth, benefiting the entire region over the longer term,” Mr Fowler said.
Read the full Regional Movers Index – June Quarter.
Notes for Editors
The Regional Movers Index, launched in 2021, tracks movements between Australia’s regions and capital cities, using Commonwealth Bank data from relocations amongst its 10 million customers. This enables early identification of growth trends and flags places emerging as hot spots needing fresh thinking on housing and infrastructure.
Data based on CBA customer address changes over the past 5 years, with prior addresses resided in for at least 6 months. Greater Capital City/Regional Area based on ABS 1270.0.55.001 GCCSA. At least 100 persons must have migrated to an LGA from a capital city in the previous 12 months for an LGA to be include in the report.
- Gen Alpha and Z: Younger than 24 years
- Millennials: 24-40 years
- Gen X: 40-56 years
- Baby Boomers: 56-75 years
- World War II: Older than 75 years