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City of Canterbury BankstownPopulation forecast

Picnic Point

Net migration by age

The age group with the highest net migration in Picnic Point is 30-34 year olds, this is forecast to occur in the period between 2031 to 2036.

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:

  • Loss of most age groups throughout the period to 2026, with little development occurring in the area over this period
  • A consistent gain in families (0-14 and 30-39 years) over the period, owing to mainly infill development with the redevelopment of existing houses into medium density units and town houses, and an established housing market in relation to the area's large stock of family type housing. This means that as older families and empty nesters move out, they are replaced by younger families
  • Loss of young adults (18-24 years) leaving home and seeking housing opportunities elsewhere
  • Some loss through migration expected in empty nesters and retirees (50+ years)

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