Net migration by age
The age group with the highest net migration in Willoughby City 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 Willoughby City depending on their housing markets and stage in the suburb life cycle.
Migration assumptions influenced by:
- The future housing market roles of Willoughby City as a whole exhibit a relatively stable migration profile throughout the forecast period
- There is a strong gain of young persons (aged 17-30 years) migrating to the area for education and employment purposes and to take advantage of the avilable rental housing stock
- There is also a slight gain of young families in their early 30s with young children aged 0-4 years
- Willoughby City will also have a loss of established families with children aged 5-14 years who may be leaving the area in search of purchasing their first home in more affordable areas
- There is a net loss of mature adults aged 40-54 years as well as early retirees and empty nesters aged 55-64 years to outer growth areas, as well as coastal, rural and resort areas
- With older age groups, there is little notable change as these persons tend to be less mobile and may only move to areas from elsewhere in search of care facilities