Ashwood - Burwood
Net migration by age
The age group with the highest net migration in Ashwood - Burwood is 20-24 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 City of Monash depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Loss in most age groups in the first five years, moving to a migration gain as residential development increases over time
- Gain of young adults and tertiary students (18-24 years)
- Loss of first-time home-buyers and families upgrading to larger houses (25-44 and 0-14) a trigger being a second or third child. In terms of people in their 30s and early 40s, this out-migration is offset by the in-migration of parents with a smaller number of children (2 or fewer)
- Loss of empty-nesters, early retirees and retirees (50+ years)
- Little change through migration among older retirees