Movin’ to the country
And we hope they’re eatin’ a lot of peaches… City slickers flocked to the regions in record numbers last year, with a net 43,000 Aussies making the tree/sea change during the pandemic. Part of the reason is cabin fever after city lockdowns. Another is that many city home buyers have been priced out of the market as demand jumped due to record low interest rates – a situation that will remain in place until 2024, the Reserve Bank said yesterday. But the influx of new residents hasn’t helped employment outcomes in regional areas, where demand for workers has hit an all-time high. There are currently 66,200 job vacancies in the regions, says the Regional Australia Institute. But job seekers say limited rental options can prevent them from going bush. Nothing’s easy…
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