The Bundaberg Region has been named one of the top destinations for regional movers and the fifth most popular area for city-dwellers to relocate to in the latest Regional Movers Index report, released today.
A partnership between Commonwealth Bank and the Regional Australia Institute, the report is an analysis of the quarterly and annual trends in people moving to and from Australia’s regional areas.
The Bundaberg Region now has a population over 102,000 people and looks to continue positive growth into the future.
Mayor Jack Dempsey said he wasn't surprised by the results from the Regional Movers Index report, with more and more people wanting a slice of what Bundaberg has to offer.
“We are no longer Australia's best-kept secret!” he said.
“The Bundaberg Region has always been about liveability and lifestyle and we are a caring, loving and welcoming community.
“In the past six years our economic growth has gone from -3 to 5.4 per cent which is double the State average.
“We are still low-cost compared to other areas across Australia and we offer our residents multiple hospitals, good education, great infrastructure, a safe community and magnificent environment from the beach to the hinterland – who wouldn't want to live here?”
Regional Australia Institute (RAI) CEO Liz Ritchie said the impact of capital city movers to the regions was now having a flow on effect to other regional places, many of which have historically seen limited population growth.
“In the early days of COVID, the high-growth places were generally high-amenity locations such as the Surf Coast, Byron Bay and Noosa,” she said.
“But the latest dataset shows us that regional people are leaving these areas for other inland centres or coastal towns – with a growing number opting to go even further away from Sydney and Melbourne.
Commonwealth Bank Executive General Manager for Regional and Agribusiness Banking, Paul Fowler said there was a slight drop of just 0.8 per cent in the number of people moving from cities to regional towns in the December quarter, well below the typical rate of around 8 per cent normally experienced over the holiday season period.
“This confirms that regional hubs are continuing to attract thousands of metro movers,” Mr Fowler said.
“Many are attracted by the opportunities that our thriving regional economies present.
While it’s been a difficult year for many businesses who have faced significant challenges, including labour shortages and inflationary pressures, industries such as healthcare, manufacturing and agriculture are growing strongly, and regional businesses are investing more to sustain increasing demand for their products and services.
“Key centres, such as Geelong in Victoria, Newcastle and Wollongong in NSW, and Bundaberg and Townsville in Queensland offer a wonderful mixture of attractive lifestyle benefits and significant business opportunities.”
The top 5 most popular destinations for both metropolitan and regional movers in terms of share of total net internal migration were:
Sunshine Coast (+12.5%)
Gold Coast (+11.3%)
Greater Geelong (+5.2%)
Fraser Coast (+4.4%)
For those already living in regional Australia and making a regional move in 2022, Queensland held the most appeal.
Out of the Top 10 LGAs attracting the greatest level of net regional migration inflows, eight were in Queensland.
The top 10 most popular destinations for regional-to-regional movers were:
Fraser Coast (+5.8%)
Sunshine Coast (+4.5%)
To access the latest Regional Movers Index Report click here.