News

Millennial exodus from the cities to the regions ramps up

Published

9 months ago

September 4, 2023

ticker NEWS

The allure of a more affordable life in regional towns has led to a significant migration trend, as both millennials and migrants opt to leave the bustling city in search of new opportunities.

Recent census data spanning the period from 2016 to 2021 shows that over 169,000 individuals made the transition from Melbourne to regional towns across Australia, with more than 117,000 choosing to establish themselves in various parts of Victoria, reports the Herald Sun.

Notably, this exodus from Melbourne was most pronounced among Millennials and individuals born overseas, with both demographic groups experiencing a surge in departures from the city.

Data compiled by the Regional Australia Institute (RAI) has pinpointed the most coveted destinations for those embarking on a “sea change” or “tree change” to be Geelong, Ballarat, and Bendigo, with Geelong standing out as the top choice, attracting an impressive 41,583 newcomers.

Leaving the urban sprawl

According to Liz Ritchie, the CEO of RAI, the allure of regional living can be attributed to several factors that entice individuals away from the urban sprawl. She noted, “Their desire to live in regional Australia can be partly attributed to the strong job market in rural areas, as well as the enviable lifestyle benefits, such as a reduced cost of living and more living space.”

Ritchie added, “Millennials and the overseas-born population bring with them high levels of skill and education. Contrary to previous notions, we can debunk the myth that young people from regional areas migrate to the city for further education and employment opportunities and never return.”

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

1 day ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

1 day ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

Published

1 day ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending