Migration away from capital cities has hit a five-year high as the number of people moving to regional areas surrounding the ACT continues to increase, a new report shows.
A report from Commonwealth Bank and the Regional Australia Institute found people continue to swap the city for the country, with the number of exiles hitting a record high of more than 16 per cent for the first three months of the year.
The nearby Queanbeyan-Palerang region saw a 28 per cent increase in migration compared with the same period last year, while the Snowy Monaro experienced a rise of 20 per cent.