Join our investing community

Restless Sydneysiders!

Discussion in 'Real Estate' started by Jacque, 26th Oct, 2007.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    The latest snapshot of Aussie population movements by the ABS (released Sep 2007) shows that we Sydneysiders lead the statistics when it comes to moving house, with almost 4 in 10 of us having moved home in the last 5 yrs. What a restless lot!!

    The main drivers provided for reasons to move included:

    Moving to rental accommodation
    Young families needing more space for expanding households
    Older generations downsizing

    Sydney is above the national average with 37% having moved house in the last 5 yrs. This is actually down from 41% in the 1996-2001 census period. One would probably assume that increasing hardship for first home buyers has contributed to the decrease in this figure, perhaps with more young people possibly outstaying their stay in their parents home for financial reasons. I would also consider that more younger generations would be share housing to share the rising rental burden around as well.

    Within NSW the Far North Coast had the most active mobile citizens, followed closely by the South Coast.

    Queenslanders actually win the title of being the most mobile, however, with more than half of all residents in Aug 2006 not living in the same residence they inhabited five years earlier.