About one in six Australians have changed their living arrangements due to the coronavirus pandemic, a new survey shows.
Australians are moving home to their parents, taking on additional housemates, delaying plans to move and even selling up – in a small number of cases – amid COVID-19, according to the St. George Bank Property Monitor, released on Tuesday.
Of the more than 1000 Australians surveyed in early April, about 16 per cent had already changed their living arrangements due to COVID-19. Some 12 per cent had made an active change – having moved home or had others move in with them. Another 3 per cent had delayed plans to move, and the remaining 1 per cent had made other unspecified changes.
St. George Bank general manager Ross Miller said the economic impact of COVID-19 was making many Australians revise their living situation.
“The most impacted were singles, who had made the decision to move back home with their parents, or delay moving out. This seems to complement the ‘stay at home’ environment that we are in, where families are clearly delaying big moving decisions,” Mr Miller said.
Those in New South Wales and the ACT were most affected, with 18 per cent reporting a change. This was followed by those in Victoria and Western Australia, where 17 per cent and 15 per cent of people had changed their living arrangements.
Single parents were hardest hit, with almost 30 per cent having made an active move – with 12 per cent moving into shared living arrangements.
Meanwhile renters were more likely to move than home owners, singles more likely to move than those in relationships and people with dependent children were 45 per cent more likely to have made a change.
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