Media keeps telling us that the trend I call the Exodus to Affordable Lifestyle was caused by Covid and that once the pandemic is dealt with the trend will reverse and everyone will move back to the big cities.
That’s wrong on so many different levels it’s difficult to know where to start.
The trend of people leaving the big cities and moving to the regions or the smaller cities has been under way for a long time.
Sydney has been losing population to internal migration for over 10 years and Melbourne has been losing population to people moving to other parts of Victoria for the past 5 years.
This trend is not about the pandemic – it’s about technology allowing people to work remotely and it’s about accessing a better lifestyle at an affordable price.
It’s a long-term trend and it’s here to stay.
I believe this Exodus to Affordable Lifestyle movement is the most powerful influence on residential property markets in the 21st Century so far.
More and more Australians are seeking to leave the big cities and move to smaller cities or to attractive regional areas, including Hill Change towns and Sea Change enclaves.
Markets that might not normally attract major buyer demand are being boosted by this trend.
Families and individuals are relocating, as well as investors who have switched their focus to smaller cities and to good regional centres.
At a result of this strong trend, in 2020 I wrote a new report, the Exodus to Affordable Lifestyle National Top 10.
Get yourself a copy today.
This report contains key information, whether you’re an investor or a home-owner thinking of joining the Exodus to Affordable Lifestyle.