Net migration by age
The age group with the highest net migration in South Melbourne is 25-29 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 Port Phillip depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Consistent migration profile expected across the 2016-2026 period
- Substantial gain in adults (18-29 years old), attracted to rental housing and proximity to lifestyle, employment and education opportunities
- Small loss of couples and young families (35-44 and 0-9 year olds), accessing suitable family style housing and affordable home-owning opportunities elsewhere
- Small gain of empty nesters, accessing dwelling opportunties in new development, falling to a net loss post 2021 as development opportunities become more scarce.