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The Biggest Migration Hot Spots and the Impact on Housing Trends
Written by
Amanda Hampshire
Published on
May 28, 2024

Australia is currently experiencing a very large, though temporary, increase in overseas migration. The Australian Bureau of statistics reports a population increase of 660,000, which is 2.5% in the year up to September 2023.

The 2022 – 2023 financial year reports reveal the areas with the highest regional migration. Regional migration is driven by a combination of overseas migration as well as internal migration, which is movement from one area of Australia to another.

The table below shows the top 10 regions in net migration between July 2022 – June 2023, as well as the change in rent and values in the same period. All are located in Sydney or Melbourne. The majority of the areas with the highest migration in Australia saw the most arrivals from internal migration. Internal migration accounted for around 90%+ of the migration to six of the top 10 regions listed.

Area Net Internal Migration Net Overseas Migration Total Migration Rent Change Value Change
Melbourne West
Rockbank - Mount Cottrell
3443 219 3662 7.20% -4.90%
Sydney
Baulkham Hills - Hawkesbury
3329 201 3530 2.10% -2.20%
Sydney
Marsden Park - Shanes Park
3101 421 3522 4.70% 3.80%
Melbourne Inner
Carlton
-405 3722 3317 18.00% -10.90%
Melbourne West
Fraser Rise - Plumpton
2987 132 3119 6.20% -1.90%
Sydney
Schofields East
2115 866 2981 5.90% 0.00%
Melbourne North West
Mickleham - Yuroke
2340 346 2686 9.30% -2.90%
Melbourne Inner
CBD North
-401 3043 2642 28.90% -0.50%
Melbourne Inner
CBD West
24 2598 2622 25.20% -1.60%
Melbourne South East
Clyde North - South
2039 182 2221 8.40% -2.30%


Click here to order a free detailed report on any specific suburb in Australia

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