Inner city moves are alive and well

THE exodus from the suburbs to inner city living is alive and well, according to new forecasts released by the Australian Bureau of Statistics.

The ABS forecasts for Household and Family Projections indicate a movement towards a more ‘non-traditional’ household structure.

According to the ABS report, couple families without children are projected to grow most quickly of all WA family types, becoming the most common family type by around 2011.

One person households could represent as many as 17 per cent of all households by 2021, compared with only 9 per cent in 1996.

Colliers Jardine research manager David Cresp said changes in housing demographics indicated a bright future for Perth’s rapidly growing inner city residential property market.

Mr Cresp said household types found within the inner city were generally couples without children, lone person households or group households. All of these types were currently large contributors to the emerging inner city market.

“In 1996 these types of households represented around 32 per cent of all households in Perth.

“However the ABS forecasts show that by 2021 these types of households could represent as much as 48 per cent of all households,” he said.

Mr Cresp said the strongest area of owner occupation in Perth’s inner city market was currently empty-nesters – couples whose children have left home, followed by DINKS (double income, no kids).

Between 1996 and 2021 the number of households of

couples without children could increase by as many as 321,700 – an average of almost 13,000 per year.

Young couples with children could fall as low as 15 per cent or by 600,000 – down from 27 per cent in 1996.

Mr Cresp said, in the past few years, there had been a large increase in the number of one-bedroom apartments being built in inner city areas and the trend looked set to continue.

He said this was supported by the ABS findings that showed growth of lone person households would be fastest in WA.

It is estimated that there could be as many as 481,000 lone person households in WA by 2021, up from around 155,000 in 1996.

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