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14 Who are the future apartment dwellers DOWNSIZING 4650 years 5160 years Over 60 years Total Baby Boomers Yes from a larger apartment to a smaller apartment No always lived and intend to live in a similar sized apartment Yes from a larger house to a smaller apartment 5 22 73 6 38 55 7 43 50 38 56 7 The intender group which represents 6 of Sydney siders have indicated that they are interested in moving to an apartment. 24 of those intending to move to an apartment are aged 25 to 35 years old. Baby boomers are often thought to be interested in downsizing after retirement moving from a larger house to a smaller apartment. 38 of baby boomers are intending to move from a larger house to a smaller apartment. RENTERS OF APARTMENTS LOOKING TO BUY AN APARTMENT 46 70 61 69 50 TOTAL AMOUNT OF TIME RENTING Less than 1 year 12 years 35 years 610 years Over 10 years 63 57 49 30 33 57 EDUCATION LEVEL 11th grade or higher High school graduate College but no degree Associate degree or equivalent Bachelors degree or equivalent Doctorate 31 21 51 71 91 50 AGE OF RENTER 1824 years old 25- 35 year old 3645 years old 5660 years old Older than 60 years old 4655 years old 56 Apartment 17 Town house 5 Semi-detached house 17 Detached house 5 Other INTENTION TO BUY 56 of those renters who intend to buy a dwelling are looking to purchase an apartment. 33 39 of apartment renters are 2535 years old. of current owner occupiers of aparmtnets are older than 60 years old.