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Australians are fleeing Sydney and Melbourne to live in regional areas by the coast with lockdowns accelerating this trend.
The Commonwealth Bank, Australia s biggest bank, revealed south-east Queensland, the Mid-North Coast of New South Wales and northern Tasmania have experienced a population surge since the pandemic.
Intriguingly, residents of Sydney s picturesque Northern Beaches are the most keen to leave, as this area endures its second, extended lockdown since Christmas.
Grant Cairns, Commonwealth s general manager for regional banking, said working-age Australians and not just baby boomers were making the switch to a regional area, citing change-of-address data among the bank s 10million customers.
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Supporting IAG customers through record breaking severe weather
Only four months into 2021, record-breaking severe weather events have caused devastating damage to Australian communities.
Across our brands, we’ve received more than 13,500 claims for damage to homes, property and vehicles as a result of the heavy rains in NSW and SE QLD, and more than 1,300 claims for damage relating to Cyclone Seroja in Western Australia.
Our dedicated Major Event team is in place all year round to ensure we are as well prepared as possible to support our customers when natural disasters occur and the team remains all-hands-on-deck as they continue to help our customers recover from these events.
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