Net migration by age
The age group with the highest net migration in Concord West is 35-39 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 City of Canada Bay depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- During the period to 2021 there is little growth in housing through development, and consequently, in-migration is limited to mainly established families, reflecting the mature housing market within the area and the large quantity of existing family type houses. Post 2021, there is expected to be an increase in development, mainly medium and higher density type dwellings, attracting both young adults and family households
- Small loss of young families (0-4 and 25-34 years) Gain of established families (5-14 years) and couples (30-44 years)
- Loss of young adults (20-29 years) leaving home
- Loss of older couples, empty nesters and retirees (50+ years) Post 2021: with an increase in development there is n increasing gain in families, including young families (0-14 and 25-49 years)
- A gain in younger adults (18-29 years) accessing newly developing higher density housing
- A loss of retirees and older persons (65+ years)