Aussies pull pin on capital cities

Tuesday 3 November 2020

COVID-19 has had a major negative impact on net internal migration into the capital cities, driven by Melbourne.

According to data released yesterday by the ABS, “the net loss of people through internal migration for the capital cities in the June 2020 quarter (-10,500) was the largest quarterly net loss since this series commenced in 2001”.

This loss was driven by Melbourne, whose “net loss (-8,000) was its largest quarterly net loss on record”.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.