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City of Canterbury BankstownPopulation forecast

Bankstown CBD

Net migration by age

The age group with the highest net migration in Bankstown CBD 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 City of Canterbury Bankstown depending on their housing markets and stage in the suburb life cycle.

Major migration assumptions:

  • Substantial gain in young adults groups (18-29 years) attracted to transport, education and employment opportunities as well as affordable housing. Increasing in the shorter term, but remaining high throughout the period owing to significant development higher density housing
  • Loss of families (0-9 and 30-39 years), looking for suitable family type housing opportunities elsewhere
  • Small gain of older families (10-17 and 40-54 years) accessing traditional family housing in the area as older residents downsize, or a house otherwise becomes available
  • Small gain through migration in older adults (55+ years) due to the significant housing opportunities available in the area

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