City Millennials Lead Escape to Regions

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Millennials in search of cheaper housing, job opportunities and, in some cases, warmer weather are leading the exit from capital cities to regional Australia, according to a report by Australia’s biggest bank.

The number of people moving to regional areas jumped 16.6 per cent to a five-year high in the March quarter, with net migration almost doubling pre-pandemic levels, according to the Regional Movers Index.

The majority of those moving to major regional hotspots during the 12 months to March were millennials—that part of the population aged 24 to 40.

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