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Summary of Australian Moving Trends (2019-2024)

Summary of Australian Moving Trends (2019-2024)

 

Between 2019 and 2024, Australia experienced a significant change in internal migration patterns

Low-income individuals were more likely to move to affordable suburbs within their own cities, while high-income individuals from major cities like Sydney and Melbourne moved to other cities like Brisbane and Perth in search of better lifestyles. The desire for homeownership and improved quality of life drove many of these moves, with Queensland becoming a popular destination. For those making the move, Removalist Sydney offers a reliable and professional relocation service to help make the transition smoother. With their expertise and resources, you can trust that your belongings will be handled with care and transported efficiently to your new location. Let us now dive deep into the Australian moving trends 2019 to 2024.

1. Income and Mobility

  • Lower-income Australians (bottom 20%) are 25-30% more likely to relocate within their cities, primarily to more affordable suburbs, while high-income earners (top 20%) more often move interstate for lifestyle upgrades or better housing options.
  • Among the top 20% of earners, purchasing property or upgrading their homes was a significant factor in their relocations (12.3% of moves).

2. Interstate Migration

  • Queensland, particularly Brisbane, saw a significant influx of interstate movers (net gain of over 70%) from New South Wales and Victoria during this period, driven largely by affordability and lifestyle choices.
  • Sydney and Melbourne experienced net population losses, with some residents moving to regional areas or other states like Queensland, citing high living costs.

3. Popular Destinations

  • Brisbane and Gold Coast are top choices for wealthier Australians seeking lifestyle upgrades, with a noticeable shift of retirees and remote workers.
  • Perth also saw net migration gains, driven by job opportunities and more affordable housing compared to the eastern cities.

4. Homeownership and Moving Intentions

  • The intention to “own a home” remains a leading motivator for relocations, with 15% of top earners in cities like Melbourne and Sydney moving to acquire property, versus just 3% among the lowest-income group.

5. Regional and Affordable City Trends

  • Hobart and Adelaide attracted an influx of low to middle-income families seeking affordable housing and improved lifestyle, seeing growth rates of over 40% in key areas.
  • Canberra saw an increase in young professionals and government employees relocating for career opportunities, with the city’s average income levels being one of the highest nationally.

Sources for Verification

  • Australian Bureau of Statistics (ABS): “Regional Internal Migration Estimates, Australia, 2023”
  • CoreLogic: “Housing Affordability and Regional Trends 2023”
  • Property Council of Australia: “Residential Property Market Analysis”
  • University of Melbourne: “Income and Mobility Study: Australia”

As a leading removalist in Sydney, we’ve seen firsthand the impact of these shifts on our city and the surrounding regions. Our expertise in relocation services has allowed us to provide a unique perspective on these trends, and we’re excited to share this knowledge with our readers. Whether you’re looking to upgrade your lifestyle or simply seeking a more affordable place to call home, understanding the motivations behind these moves can help inform your own decision-making process. As a trusted removalist in Sydney, we’re committed to providing exceptional relocation services to those making the move to our beautiful city.

This information gives a high-level overview of moving trends across major Australian cities. The sources listed above provide credible data and trends to ensure authenticity.

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