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City of Moonee ValleyPopulation forecast

Essendon - Essendon North

Net migration by age

The age group with the highest net migration in Essendon - Essendon North 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 Moonee Valley depending on their housing markets and stage in the suburb life cycle.

Migration assumptions influenced by:

  • New higher density housing opportunities based along arterial roads attracting predominantly young adults (18-24 years) living in smaller households
  • Gain of families (0-14 and 25-44 years) during the inital period, reflecting the regeneration in the existing housing market, turning to a net loss in young families (with children aged 0-4) post 2021. The continued gain of established families reflects the existing large family housing stock within the area, made available as older couples downsize so providing opportunity for second or third-time homebuyers with children
  • Loss of empty-nesters and retirees (aged 50-74)
  • A small gain of older persons (75+) reflecting the development of independent living units

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