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Millennial exodus from the cities to the regions ramps up

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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.”

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Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

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U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

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U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.Download the Ticker app

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Iran warns ships to avoid Strait of Hormuz

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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In Short:
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Iran’s Islamic Revolutionary Guard Corps has instructed ships to avoid the Strait of Hormuz, a crucial shipping lane linking to the Persian Gulf. About a hundred merchant vessels transit the strait daily, according to the U.S.Tensions have escalated recently as the U.S. increased military presence in the region and Iran issued threats. Western nations are concerned about Iran potentially laying sea mines to disrupt commercial traffic. Currently, no evidence suggests Iran has mined the strait.

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Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.

Shipping Concerns

Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.

Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.


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