Korokoro - Petone Central - Wilford
Net migration by age
The age group with the highest net migration in Korokoro - Petone Central - Wilford is 20-24 year olds, this is forecast to occur in the period between 2018 to 2023.
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 Hutt City depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- Gain of young edults aged 18-29 years from other parts of the City as well as outside the TA
- Increased rates of development in the 2018-2023 period due to increased rates of development and increased development of low rise apartments, townhouses and overall urban intensification within the established suburb
- Slight losses of established families aged 35-39 years with children aged 5-9 years
- Slight losses of empty nesters, early retirees and retirees aged 50-69 years
- Slight gains of older adults 80+ years to the area who are migrating here for aged care facilities such as the Bob Scott Retirement Village