Australians have all but stopped leaving Sydney and Melbourne for cheaper or sunnier climes

Australians have all but stopped leaving Sydney and Melbourne for cheaper or sunnier climes. The ABS released its latest Demographic Statistics for Q2 2014 which showed that - in line with our 2014 forecasts - net immigration is declining significantly, slowing the national rate of population growth to just 1.6 percent (well below the recent peaks of 2%+). As the mining construction boom fades interstate migration continues to increasingly favour the two largest cities, with population growth slowing in the mining states (QLD, WA) and remaining weak everywhere else - SA, ACT, NT & TAS. (VIEW LINK)