Australian Economy

COVID outbreaks reduce CBDs to ghost towns

Leith van Onselen
Thursday 1 July 2021
Advertisement

New data from the Property Council shows that Melbourne’s latest COVID outbreak and lockdown reduced the number of people travelling to the CBD for work to 26% of normal levels in June, down fr0m 45% in May:

Office occupancy rates

Lots of vacant offices.

Separate data from Roy Morgan shows that Sydney people movements plunged in the lead-up to the city entering hard lockdown:

People movements across CBDs

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.