Building approval trends in NSW

Much has been written in the last 18 months about the increasing population in regional Australia. The driver of this has been attributed to COVID-19 influenced migration (so called "flee changers"). This is despite the fact that the number of people moving out of Sydney and Melbourne has been increasing for some years, ie it predates the pandemic. This blog looks at residential building approvals data, concentrating on NSW, and its relationship to population change in regional areas. 

What's happened to Australia's young adults?

It goes without saying that the impacts of COVID on population change have been profound. Not only has Australia recorded a net loss of overseas migrants but there have been changes in the age structure as a result. In 2019-20, the population of young adults in Australia declined. This blog looks at the scale of this trend and where the impact has been felt more strongly.