Your occupation is most likely to determine where you live

Published on November 27th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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The type of occupations that we hold pushes us to follow where the money is. This will also determine where we choose to set up our homes to make it more economical and convenient when travelling to work. So which place is most likely to attract the people who work in your type of occupation.

You would most likely choose a place that is more relevant

Looking for a house or an apartment in a place that matches your career needs is a common thing for many Australians. So much so that the Australian Bureau of Statistics (ABS) released interesting statistics on their twitter account telling the intricate story of what we choose to work as and where these occupations take us to live.

The statistics revealed that if you are an Aquaculture worker you are most likely to reside in Tasmania with 40% of Aquaculture workers already living there. 50% of creative and media personal chose to live up their digital dreams in NSW.

If you are a librarian you are most likely to live alone

When it comes to the top professions that were most likely live alone Librarians took the cup with 17.3% being recorded by the ABS. Archivists followed with 15.5% being recorded as living alone. Only 15.2% of support workers lived alone.

The rest of the population in Australia tend to share an apartment with their loved ones or a mate. More Australians are taking up Apartments as their next go to for their homes, which has boosted the sales of apartments both nationally and regionally. Apartments in Australia have increased by 78% to 1,214,372 dwellings in 2016.

The popularity of apartments increase due to the unaffordability of houses

The reason for most Australians beginning to favour apartments as their home is due to the high property prices that people find unaffordable. The struggle for owning property is an increasing problem which has resulted in 116,00 people finding themselves homeless on Census night in 2016.

You are most likely to go into the country side to start farming at age 65

As more Australians wind down to their retirement age research showed that as many as 42% became livestock farmers. How about that! Making a move to the fresher and quiet side of the country. The next occupation that held the highest number of 65-year-olds was bookkeepers with 26%, followed by chief executives with 15% and finally the intellectual minds of academic lecturers at 17%.

No matter what occupation you hold you have one thing in common. That is finding the finances to fund your humble abode, and for those who want to forge their own way, your next big step will be getting the right home loan to suit your needs. Choosing the right line can be done by comparing home loans, or speaking to a financial advisor who will be able to assist you on your path of finding a home loan that can assist you in bringing you one step closer to owning your home.

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