Property Observer recently reported on the latest Australian Bureau of Statistics (ABS) data on internal migration across the regions of Australia. The latest internal migration data shows that an increasing number of inter-state and intra-state population movements are to either sea change/tree change regions or the outskirts of the capital cities.
Of the top 25 regions for net internal migration over the past year, 13 were located outside the capital cities; generally, in areas either adjacent or close to capital cities. These regions were a mix of sea change and tree change type locations.
The data supports the strong price rises being recorded across many of Australia’s coastal and hinterland regions, especially those within easy commuting distance of the major capital cities.
For investing clients with smaller budgets, we recommend an inner regional suburb to a distant fringe suburb of Melbourne. We have bought property for clients in Bendigo and Ballarat, each year for the last three, and have strong contacts in both cities.