Net migration by age
The age group with the highest net migration in the Mid-Coast Council is 60-64 year olds, this is forecast to occur in the period between 2021 to 2026.
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 Mid-Coast Council depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Relatively stable migration profile for the duration of the forecast period
- Significant gain of young and established families aged 25-39 years with children aged 0-14 years
- Loss of young school-leaving adults aged 17-19 years as well as young adults aged 20-24 years who leave the area for education and employment opportunities elsewhere
- Continued gain of mature adults, empty nesters, early retirees and retirees aged 50-74 years, moving here for lifestyle changes and taking advantage of services and activities established for that age group
- Little change in the net migration of residents older than 75 years