Colac Otway Shire
Net migration by age
The age group with the highest net migration in Colac Otway Shire is 35-39 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 Colac Otway Shire depending on their housing markets and stage in the suburb life cycle.
Migration assumptions influenced by:
- Stable migration profile across the 2016-2026 period
- Overall a dual housing market with gains of families with children aged 0-9 years, as well as older adults and retirees (45-64 years) Small gain of frail elderly (85 years and over)
- In common with most regional areas of Australia, large loss of young adults moving away for employment and education purposes.