Aussies flee Sydney and Melbourne

COVID-19 has had a major negative impact on net internal migration into the capital cities, especially Sydney and Melbourne.

According to data released yesterday by the ABS, “the net loss of people through internal migration for the capital cities this quarter (-11,200) was the largest quarterly loss since this series commenced in 2001”. It also followed a loss of 10,957 people in the June quarter, which was the second highest net loss on record.

This loss of Australians from the capital cities was driven by Sydney (-7,782) and Melbourne (-7,445).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.