Net migration by age
The age group with the highest net migration in Bankstown City is 20-24 year olds, this is forecast to occur in the period between 2016 to 2021.
Migration is one of the most important components of population change. Once you have established the amount of development activity in an area, the next step is to make assumptions about who will move into the area as well as who is leaving the area.
Net migration by age is an excellent way of understanding housing markets. The most mobile age groups in the population are young adults. They tend to move to attend educational institutions, seek work and express a change in lifestyle. Market research has shown that empty nesters are more likely to move to smaller accommodation when appropriate and affordable alternative housing is supplied in the local area that is accessible to established social networks.
Select each small area to see how migration patterns differ for each area across Bankstown City depending on their housing markets and stage in the suburb life cycle.
Migration assumptions influenced by:
- Significant new housing opportunities across the City, particularly in the Bankstown CBD, which are expected to attract a range of household types, predominantly young adults and some older families
- In the longer term (post 2026) a loss of families and first-time homebuyers attracted to housing opportunities in neighbouring growth areas, but a stong gain of young adults as a result of higher density development predominantly in and around the Bankstown CBD and, to a lesser extent, other centres. The commensurate loss in older age groups is because there is a large co-hort of young adults moving into higher density accomodation, who are likely to move away to access family type housing elsewhere as they enter their late twenties and early thirties and thier housing needs chage
- Loss of empty-nesters and retirees to coastal, rural and resort areas