Australia’s CBDs remain ghost towns

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New people movements data from Roy Morgan shows that Australia’s CBD traffic remains less than half its pre-COVID level, with Melbourne and Sydney down the most:

Australian CBD movements

Less than half pre-COVID levels.

According to Roy Morgan, Melbourne people movements fell to levels not seen since Melbourne’s 14-week hard lockdown last year, whereas Sydney CBD people movements fell to their lowest level since the three-week Northern Beaches outbreak over the Christmas/New Year’s period.

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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.