New data shows Aussies are fleeing Sydney and Melbourne
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The Australian Bureau of Statistics (ABS) released data this week on population growth in the capital cities for the 2024-25 financial year.
The headline results are summarised below by the ABS, with Melbourne leading the nation’s population growth (105,030), followed by Sydney (75,230), Brisbane (58,223), and Perth (58,088):

However, the drivers of population growth across these capital cities differ markedly.
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.