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New data from the Commonwealth Bank reveals that net migration to regional Australia is double what it was two years before the pandemic.
The latest Regional Movers Index – a partnership between the Commonwealth Bank and the Regional Australia Institute (RAI) – analyses the quarterly and annual trends in people moving to Australia’s regions.
The two years of the pandemic have seen quarterly migration from capital cities to regional areas average a level that is 15% higher than what prevailed in the two years pre-pandemic. The elevated level of pandemic migration continued through to the end of 2021, despite a fall in the latest quarter.
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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.
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