The place to be...
Over the year to June 2020, Brisbane saw a net gain from internal migration of 13,780 people.
With the lockdowns in Victoria and elsewhere this has most likely accelerated in FY 2021, as is evident is plunging rental vacancies and worsening traffic queues.
Sydney has always lost residents interstate to south-east Queensland, but it's notable that Melbourne is now longer drawing in residents from interstate (as it was for a while).
Source: Australian Bureau of Statistics
The other major gainers included Gold Coast (+6,700), Sunshine Coast (+6,200), Moreton Bay (+3,800), and Ipswich (+3,600) were the other major gainers in FY 2020, and there's no doubt in mind that this trend picked up momentum in the second half of 2020, as more people opted for lifestyle and remote work.
From Noosa to the Tweed, south-east Queensland is a hot place to be at the moment, and the rental markets have been tightening apace.
Also popular for internal migrants looking to move away from density, was the coastal Victorian city of Geelong (+5,000).
