Net migration by age
The age group with the highest net migration in Chatswood (CBD) 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.
Major migration assumptions:
- Relatively stable migration profile expected during the 2016-2026 period
- Large gain of young adults aged 18-29 years representing students and young professionals attracted to the area for transport, education and employment opportunities as well as the availability and relative affordability of rental housing
- Slight loss of young and established families aged 30-44 years with children aged 0-9 years
- Slight loss of mature adults and empty nesters aged 45-59 years
- Slight gain of early retirees and retirees aged 60-69 years who may be downsizing and moving into some of the newly developed housing stock
- Minimal changes through migration in older age groups aged 70+ years