Net migration by age
The age group with the highest net migration in Taylors Hill is 0-4 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 Melton depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Notable gains of young and established families aged 30-39 years with children aged 0-4 years in the 2016-2031 period
- As the relatively new suburb reaches ultimate buildout capacity, previous migrations gains decrease in the 2021-2031 period resulting in population losses in most age groups post-2021 who seek housing opportunities elsewhere and the process of suburban regeneration begins in the late 2020s
- Some loss of empty nesters and early retirees in the 2021-2031 period, reflective of the maturing of the suburb which will see many family homes become empty nester households and those residents will seek to move out and downsize elsewhere
- Minimal change in net migration of persons aged 65+ years