Moving to the country, gonna escape a lot of COVID

  • Regional migration at record highs during the pandemic.
  • Queensland the state of choice for regional migration.
  • Noosa and Southern Downs saw the largest growth of new migrants.

The great escape from COVID has seen the number of people migrating to the country reach an historical high, according to the Regional Movers Index, by Commonwealth Bank and Regional Australia Institute.

Queensland is the state of choice, with the beachside mecca of Noosa experiencing a 49% uplift in migration, followed by 44% for the Southern downs.

Regional centres near capital cities have also surged in popularity with the annual growth of migration to Port Macquarie, three hours North of Sydney, surging by 38% while Launceston in Tasmania rose by 34% over the same period.

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THE WEEK AHEAD

MON | 5th July | 1130 AEST — Australia Retail Sales MoM (May)

How did Australian retailers fare in May as a COVID-19 outbreak forced Victoria back into lockdown.

TUE | 6th July | 1430 AEST — Australian Interest Rate Decision

Will the RBA maintain a record low interest rate for an eighth straight month as states grapple with COVID-19 outbreaks?

THUR | 8th July | 0000 AEST — U.S. JOLTs Job Openings

Did US employment continue to strengthen in May with JOLTs data continuing to exceed the forecast?

FRI | 9th July | 2230 AEST — Canada Employment Change

Did Canada’s monthly employment change continue failing expectations as the economy recovers from the COVID-19 pandemic?

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