Australians on the move
According to the Australian Bureau of Statistics’ 2010 General Social Survey* seven million adults (42%) moved in the five years prior to the survey, with younger age groups (18 to 34 year olds) more likely to have moved than those older.
People renting through private landlords were much more mobile than the population on average with 83% having moved in the five years.
Almost half the people who had mortgages had moved since 2006.
The most common reason for moving was house related… wanting a bigger or better home (18%)… buying their own home (15%).
Other reasons given included lifestyle change; moving interstate and issues with a previous neighbourhood.
Of interest to landlords may be the fact that the main reasons for renters moving was to have a larger place and for employment reasons, with very few opting for a smaller home.
*You can find more information at www.abs.gov.au/ausstats/