While Australia’s CBDs continue to complain about losing economic activity over the pandemic, Australia’s suburbs are powering ahead, leading business starts over the 2021 financial year:
“During the 2021 pandemic year, despite lockdowns in one of the world’s most locked down cities, business formation surged 13 per cent or three times the national average.”
The only “big” municipality to come close to this cultivation of business was Melton’s neighbour, the City of Wyndham, up 10 per cent.
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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.
