Metro Millennials Flee to Coastal Areas: Gold Coast Tops the List
22nd July 2024
Despite signs of a slowing property market, there's undeniable evidence of younger millennials leaving city life for coastal areas. An article on Domain.com.au highlights the Gold Coast as the second most popular destination for millennials relocating from major cities. The article, titled "Metro millennials are fleeing Aussie cities in colossal numbers," explores the trend, noting that while COVID initially spurred this migration, affordability is now the main driver.
Key Points:
Top Destinations: The Sunshine Coast is the top destination for internal migration, followed by the Gold Coast with 9.1% net internal migration.
Sydney Exodus: Sydney leads in the number of people leaving, with 24% more moving to regional areas than before the pandemic.
Societal Shift: A societal shift is underway, driven by millennials seeking affordable living and a better lifestyle. The trend, highlighted by the RAI’s Regional Movers Index, shows millennials are leading this migration, moving to places like the Gold Coast, Wollongong, and Newcastle.
Growth in Robina:
Robina is set to undergo significant growth, poised to become the heart of the Gold Coast as preparations for the 2032 Olympics ramp up. This underscores the need for investment in regional communities to support their growing populations.
Data Highlights:
The Sunshine Coast captured 16% of Aussie net internal migration over the past 12 months.
Millennials from Sydney are moving to the Gold Coast, Wollongong, and Newcastle. In Brisbane, millennials are moving to the Gold Coast, Sunshine Coast, and Toowoomba.
Quarterly data shows internal migration from metro regions to country Australia is at a 12-month high and 20% higher than before COVID.
Affordability Driving Migration:
Affordability and the desire for a regional lifestyle continue to drive city dwellers to coastal and country areas. This sustained trend provides tangible evidence regarding the importance of investing in and supporting the regions to ensure communities have the services, skills, and infrastructure they need for their growing populations.