Net migration by age
The age group with the highest net migration in Corangamite Shire is 45-49 year olds, this is forecast to occur in the period between 2026 to 2031.
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 Corangamite Shire depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Loss of young adults aged 18-24, who leave the area in search of education and employment opportunities elsewhere (such as Warrnambool, Ballarat, Geelong and Melbourne).
- Attraction of young and established families with children aged 0-4 years and 10-14 years with parents aged 30-44 years.
- Attraction of older adults aged 40-59 years (empty nesters and early retirees), increasing over time as more rural residential/rural living housing stock becomes available.
- Little change in net migration of adults aged 65-84 years.
- Continuing slight gains of elderly and frail adults aged 85+ years.