Are we seeing more millennials (young people 20-35 years old) moving from cities to our region? 

A free webinar tomorrow looks at what the population trends around the country are and explores the findings of Regional Australia Institute’s (RAI) myth-busting report, The Big Movers.

The report unveils the top five destinations young people from cities are moving to. 

Regional Development Australia Northern Rivers chief executive Tim Williamson said the Gold Coast and Newcastle were high up on the popularity list of new residents.

“Millennials are moving out of metro regions and into regional areas for a few reasons; the cost of housing; so they have accelerated career opportunities; and general lifestyle factors,” he said.

North Coast

“We can also offer these in our North Coast region – we have a new North Coast brand initiative with strategies to attract young people and their families to our region - and strategies to start up more investment and employment opportunities."

Mr Williamson said the North Coast region has seen a slow increase in population year after year.

“And up until Covid-19 came along we also saw a rapid drop in employment,” he said.

“Once our economy moves again, we have the capacity to attract more young people – our region’s biggest employer in the health industry.

“It’s not just about giving people a job – It’s also about assisting young entrepreneurs and startups.”

Trends

RAI chief executive Liz Ritchie said that regional Australia attracted more people than it lost to capital cities during the last Census - 65,204 more to be precise. 

“According to census data, Australia has a highly mobile population, with 39% of Australians moving every five years and 80%more likely to move around than other OECD countries,” Liz said.

Between 2011 and 2016, more than 1.2 million people either moved to regional Australia or moved around regional Australia from one location to another. More than 500,000 of these people moved from a capital city to the regions.

The Big Movers

The Big Movers webinar will feature on the panel RAI Chief Economist, Dr Kim Houghton, REA Group Chief Economist, Nerida Conisbee, and Murray River Council Mayor, Chris Bilkey.

Key insights from the report will be presented, and the pre- and post-COVID-19 impacts for property as seen by realestate.com.au, as well as the success factors for a growing inland region.

To book your place in the webinar tomorrow, Wednesday, June 24 at 10.30am, visit https://us02web.zoom.us/webinar/register/WN_K7HcLx0WSWmkjxyFuIU69Q

Get in quick - registrations close today at 6pm.

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