Coronavirus sparks rise in adults moving back in with their parents

first_imgBondiSurry Hills/DarlinghurstPaddingtonGlebeWoolloomooloo Melbourne suburbs with highest storage demand: Tammy Hembrow splashes big bucks on Gold Coast mansion Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Source: Taxibox Sydney suburbs with highest storage demand: MORE: Brisbane’s biggest penthouse for sale “With the average cost of rent for a unit over 863 per cent higher than renting a Taxibox, Millennials that decide to pack up and store their possessions to move back in with mum and dad have the opportunity to save on average over $2,000/month (for Sydney dwellers) and over $1,500/month (for Melbourne and Brisbane residents).”The suburbs that topped the requests for storage were Bondi in Sydney, Richmond in Melbourne and West End in Brisbane. West EndCarinaAlderleyCorindaNundahMore from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days ago *Based on a two-bedroom unit and one Taxibox per person. National Taxibox bookings have increased by 198 per cent as Millennials look to move back home to see out COVID-19 fallout. Picture: SuppliedNew data shows a rise in young adults packing it in to move back home to their parents to ride out the rest of the coronavirus pandemic. National results showed a 182 per cent spike in people between the ages of 18 and 24 hitting the Taxibox site, with bookings for the mobile self-storage company rising 198 per cent as they moved back to the comfort of their parents’ homes. ‘It’s taken a pandemic’ but 43pc ready to ditch home loans now RichmondClifton HillSt KildaBrunswickPrahran Brisbane suburbs with highest storage demand: Emily Dafter (centre) stored her gear to move back in with her parents Wayne and Astrid Dafter in Port Macquarie. Picture: Supplied.Taxibox found that in the past six months, Brisbane saw a massive 214 per cent rise in new people between 18 and 24 go to their website, with bookings up even further at 243 per cent.Taxibox found that the top suburbs across Sydney, Melbourne and Brisbane that need storage with also popular with the younger demographic – including Surry Hills, Paddington, Glebe, St Kilda and Woolloomooloo.“With the pandemic leading to rising unemployment and many Australians, especially those in Melbourne who are re-entering lockdown and feeling the pinch – data indicates that the younger demographics (across all three states) are in the greatest need for storage,” a Taxibox statement said. Emily Dafter, 25, who has been living independently for seven years, has recently put her gear in storage to move back home to parents Astrid and Wayne Dafter, and sister Alayna.She had been living in Ashfield in Sydney’s Inner-West, and was moving back to her hometown at Port Macquarie.“I am using this time to be conservative with my money knowing we’re in uncertain times, and because I moved out so young I’ve never had the chance to save.”She said COVID-19 was certainly a contributing factor to her moving back home.“Absolutely, if there were no COVID I would definitely remain in Sydney for the job prospects.” Emily Dafter, pictured with sister Alayna and mum Astrid, has put her belongings in Taxibox storage and moved back home until COVID-19 workplace restrictions are lifted. Picture: Supplied.Ms Dafter planned to store her possessions “indefinitely”.“It really depends on when the government will advise people to physically return to work, which is when they will expect me back. Knowing the current situation in Victoria, it feels like it may be a while.”She said COVID-19 had given her the benefit of ‘working from home’ which had not been available previously.“I also moved to Sydney to chase the opportunities in my field (sustainability) which aren’t available at home. So for the first time in my life I am able to work from Port Mac in my dream job.”Her studio apartment, she said, was convenient when she was out all the time, but did not work well when she was in isolation move or working from home.“My lifestyle/living situation was suited to not spending much time at home,” she said. FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img

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