Are Sea and Tree Changes Back in Vogue?

Coffs Coast Advocate (Coffs Harbour, Australia), April 23, 2016 | Go to article overview

Are Sea and Tree Changes Back in Vogue?


RECENTLY released migration data from the Australian Bureau of Statistics (ABS) appears to show a resurgence in the popularity for Australia's coastal towns and lifestyle markets.

CoreLogic RP Data research analyst Cameron Kutcher took a detailed look at the data which shows these areas are experiencing some of the biggest migration increases in the past year.

"Sea and tree change appear to be the long forgotten buzzwords for the migration of people to coastal and lifestyle markets," Mr Kutcher said.

"This trend was particularly strong before the financial crisis hit in 2008, however, since the end of this occurrence, we saw interstate migration slow and many lifestyle markets under-perform when compared to the capital city housing markets" he said.

"The latest migration statistics from the ABS are now suggesting that migration to coastal and lifestyle markets is increasing and is being led by families rather that retirees."

Mr Kusher analysed the top 25 national statistical area regions for internal migration over the 2008-09 and the 2014-15 financial years.

Of the regions included in the analysis, 14 of the 25 are located in the outer fringe regions of the capital cities where population growth is being driven by new housing.

The greatest levels of internal migration have been in the Melbourne-West region where during 2014-15, 5038 internal migrants moved to the area.

Looking at coastal and lifestyle regions, 15 of the regions could wholly or partly be described as lifestyle regions, including the Sunshine Coast, Gold Coast, Geelong, Richmond-Tweed, Mornington Peninsula, Mid North Coast, Central Coast, Hunter Valley excluding Newcastle, Southern Highlands and Shoalhaven, Bunbury, Mandurah, Sydney-Outer West and Blue Mountains, Illawarra, Wide Bay and Latrobe-Gippsland. …

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