New data shows Aussies are fleeing Sydney and Melbourne

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The Australian Bureau of Statistics (ABS) released data this week on population growth in the capital cities for the 2024-25 financial year.

The headline results are summarised below by the ABS, with Melbourne leading the nation’s population growth (105,030), followed by Sydney (75,230), Brisbane (58,223), and Perth (58,088):

Components of population change

However, the drivers of population growth across these capital cities differ markedly.

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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.