How often do Aussies move homes?
Well, data from the Australian Bureau of Statistics (ABS) show that from 2019 to 2020, 1.14 million households (12% of all households) moved at least once in the previous 12 months.
Other findings include:
- Over half (52%) of households with a reference person aged 15 to 24 had spent less than 1 year in their current dwelling.
- 26% of 25 to 34-year-old reference persons had spent less than 1 year in their current dwelling.
- 46% of households with a reference person aged 15 to 24 had spent 1 to less than 5 years in their current dwelling.
- 58% of household reference persons aged 25 to 34 had been in their current dwelling for 1 to less than 5 years.
- Households with a household reference person aged 65 years and over moved home less frequently with 3% of these households having spent less than 1 year in their current dwelling and 15% having spent 1 to less than 5 years.
The ABS data also revealed that households with a younger household reference person reported moving more frequently than other households.
Some 46% of households with a reference person aged 15 to 24 years had moved three or more times in the previous 5 years.
As shown in the graph below, just under a third (29%) of private renter households had spent less than 1 year in their current dwelling and 52% had spent less than 5 years.
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Homeowners moved less frequently, with 5% reporting less than 1 year in their current dwelling and 23% less than 5 years.
In comparison, 28% of homeowner households and 25% of households renting from a state or territory housing authority reported living in their current dwelling for 20 years or more.
According to ABS data, of those households who had moved within the last 5 years:
- almost two-thirds (65%) moved within the same state or territory (but outside the same suburb or locality);
- 25% of moves were within the same suburb or locality;
- 7% of households moved from a different state or territory; and
- 3% moved from overseas to Australia.
Of all households who had moved within the last 5 years:
- 12% reported the main reasons for moving were wanting a bigger or better home (down from 17% in 2013–14); and
- 20% reported the main reason was to purchase their own dwelling (up from 16% in 2013–14).
The main reasons for moving also varied by household characteristics.
- For households with a reference person aged 65 years or over, the main reasons for moving were downsizing (22%) and being close to family and friends (13%).
- For households with a reference person aged 35 to 44 years, purchasing a home (22%) and wanting a bigger or better home (17%) were key reasons for moving.
- For households with a young reference person aged 15 to 24 years, the reasons for moving included to form their own family or being independent (14%) and 13% of moves were for education reasons. These households were also much more frequent movers.
- For households renting from a state or territory housing authority, the highest reported reason for moving was due to housing allocation (37%).
In 2019–20, 8% of households reported that they would like to move house but were unlikely to move in the next 12 months.
The main reason reported for not moving was that:
- they could not afford to buy a new dwelling (61%);
- they could not afford the expenses associated with moving (25%); and
- the move would be too much effort (22%).