- One in five Aussies have moved in the twelve months to June
- Lockdowns in the eastern states are cited as a reason for the moves
- The survey was conducted by PureProfile on behalf of Budget Direct
One in five Aussies moved homes in the twelve months to June, with a third of those were triggered by the pandemic according to a Budget Direct funded survey.
Budget Direct’s Jonathan Kerr believes lockdown restrictions played a part in many people’s choice to relocate.
“The lengthy lockdowns in Victoria and New South Wales have accelerated people’s decisions to escape Melbourne and Sydney and move interstate.”
On the other hand, he believes the housing markets of Queensland and Western Australia have become attractive because of far fewer Covid cases along with more affordable housing and a relaxed lifestyle.
“Regional areas such as the Sunshine Coast and Cairns have seen unprecedented growth and there are no signs of the market slowing down soon,” he said.
The survey which was conducted by PureProfile on behalf of Budget Direct found that one in three Aussies who had moved in the 12 months to June, had moved interstate.
Mr Kerr believes Covid related factors will influence people’s decision to move into the future.
“With more people being able to work from home, we may see this trend continue well into the future.”
Stuff and Stress
Interestingly three in four respondents felt they had too many belongings when moving.
Four in five people reported that their experience of moving homes was stressful.
“Moving home can be a very stressful time, and there’s no doubt that COVID-19 has exacerbated this,” Mr Kerr said.