According to recent data, more than one in five Australians are thinking about leaving their nation in the next year.
The information comes from Quantum Market Research’s most recent AustraliaNOW research.
According to the report, Australia was expected to lose almost 600,000 people.
The research states that the country might lose almost 600,000 individuals “cumulatively”, since a growing number of Australians want to go abroad and because Australia’s net overseas migration isn’t expected to completely recover until 2024.
Nearly 40% of individuals between the ages of 18 and 29 are seeking to relocate, and young people are pushing those figures.
Compared to women, males are more interested in moving abroad. The majority mentioned the availability of jobs as the explanation.
According to the survey, males (56 percent compared to 41 percent for women) and those in their 18 to 29s are more likely to be wanting to move.
(Up from 40% in February 2021 to 49% in August 2022) “Lifestyle (and) quality of life has surpassed cost of living as the primary motivator of a possible migration.”
Living expenses and housing affordability are significant secondary variables, accounting for respectively 45% and 36% of the total.
Overall, 52% of Australians residing in urban areas would consider relocating either domestically or abroad, compared to 42% of those in rural regions.
The likelihood of migrating inside Australia was highest among West Australians, while the likelihood of going abroad was highest among NSW residents in the next year.
The data have sparked worries about a labor shortage in the next 12 months.
Imogen Randell, chief executive of QMR, told The Australian that the statistics showed younger Australians under 40 to be the most likely to be wanting to migrate abroad, and this is concerning because…they are the ones who are being depended upon to address labour shortages.
Many are putting in extra hours to cover the workforce gap, which makes them consider resigning and maybe leaving. Finding competent employees will become increasingly difficult if more of this occurs. It’s encouraging that the federal government has already taken action to boost the yearly immigrant intake in light of this.
Australia already had a serious labor shortage because of the long-lasting effects of the Covid epidemic and its restricted borders.
To fill vacancies in all sectors, from unskilled to highly skilled professions, Ms. Randall said, “There are existing manpower shortages, and with the approaching gap, we will have to look at levers like skills training and notably migration.”