The long-running Australian soap, which is celebrating its 25th anniversary this year, will move to Ten's new digital channel Eleven when the network launches next year. The new station will target the youth market of 13 to 29-year-olds.
Chief of programming David Mott told ABC: "Neighbours is an important and cherished member of the Network Ten family. We believe Neighbours is perfectly suited to Eleven's audience strategy and will find a successful and enduring home on Eleven.
"We will round out the first 25 years with a bang, and give Australia's most successful drama a new home to keep it vibrant in the schedule for the next 25."
CEO of the show's production company Ian Hogg added: "Just as Neighbours forged new territory for Ten in 1986, so we will again for Eleven in 2011. We are very proud of the faith being placed in Neighbours and the key role we will be playing in Eleven's launch and lineup.
"Our storyline plans for 2011 are both bold and dramatic. Neighbours fans have much to look forward to for many years to come."
Neighbours will continue to air in its usual 6.30pm timeslot when it makes the move to the new channel.
The Simpsons is also being moved to the new network, where it will join shows such as Futurama, Dexter, Smallville, 90210, The Office and Supernatural.