Resident Retention Index

An index that represents the long-term viability and attractiveness of a suburb. It is a metric which primarily looks at the number of a suburb's residents who have lived at their address for 5 years or more. The higher the resident retention score, the more likely it is that people are choosing to stay in the suburb long-term. The score reflects in part people's confidence in the area and the community. Inherently, some areas which cater for younger demographics, such as areas near universities, will have lower resident retention indices.