A rebound in the pace of capital gains across the Australian housing market throughout February saw the national CoreLogic Home value index rise by 1.1% over the month, with the strongest capital gains continuing to emanate from Sydney (+1.7%) and Melbourne (+1.2%). On an annual basis, both Sydney and Melbourne moved back into double-digit annual growth rates, with values up 10.9% and 10.7% respectively over the twelve months ending February.
So where are people moving to?
Since 2014 Australia Post has tracked where movers redirect their mail after moving addresses – revealing that most movers like to stay in their comfort zones, relocating close by to neighboring suburbs
Realestate.com has a great interactive map to explore the migration patterns of all suburbs around the country; where are your neighbors coming from.