“Extraordinary” exodus from Sydney and Melbourne to continue
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The latest internal migration data from the Australian Bureau of Statistics (ABS) showed that thousands more Australians had left Sydney and Melbourne and moved to Queensland.
As shown in the next table, 8,169 residents left Sydney and 8,273 residents left Melbourne over the March quarter of 2021. By contrast, Brisbane gained 3,274 residents from the rest of Australia:
Residents leave Sydney and Melbourne.
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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.