Key Points
- The primary motivator for this shift is the housing crisis and high cost of living in metropolitan areas, with half of Gen Z now looking toward the regions for financial relief.
- According to the Regional Australia Institute (RAI), the trend has reversed; it is no longer just retiring baby boomers moving away, but young people under 29 leading the regional migration.
- While the influx of young professionals brings new energy and innovation to local communities, it has also triggered a rapid 42% rise in regional rents over the past five years due to limited supply.
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