Young Australians sick of unaffordable housing are increasingly moving to regional areas as available jobs outside the big cities surges to a record high.
With Sydney and Melbourne houses beyond the reach of average-income earners, Generation X and Millennials are flocking to provincial centres and small towns as working from home becomes more common.
One remote town in South Australia has seen migration from the big cities double during the past year with 31 the average age of these new residents.
Younger adults are so fed up with unaffordable housing that one third of Domain searches for properties in regional NSW came from Sydney.
Domain’s research director Nicola Powell said a 40 per cent surge in Sydney’s median house price between June 2020 and March 2022 meant a home in a regional…
Read the Full Article Here dailymail