Look what?s happening to Australia?s population

[redwing]

Look what?s happening to Australia?s population

According to the ABS, Australia?s population grew by 1.73 per cent in the year to December 2013.

While this doesn?t sound like much in percentage terms, it is a population increase of 396,200 in the last year. Our current population increase is the equivalent of one new Coffs Harbour every eight weeks, or one new Gold Coast every 19 months!

So let's look into this in a little more detail...

How big is our population?

You can check how many of us there are using the ABS population clock which assumes growth of:

? one birth every 1 minute and 42 seconds,
? one death every 3 minutes and 34 seconds ,
? a net gain of one international migration every 2 minutes and 14 seconds, leading to
? an overall total population increase of one person every 1 minute and 20 seconds.

Apparently there's around 23,550,000 people in Australia at present.

In 1966 Australia?s population was 11.5 million, so it has taken less than 50 years to double in size. While we're growing faster than all other developed countries, not surprisingly many third world countries are growing faster than us.

Cont...

We're having a Baby Boom

Currently Australia?s births are exceeding 300,000 a year. Just to put things into perspective the original Baby Boom in the early 1960 peaked out at 260,000 births yet created Australia?s largest generation ? the Baby Boomers.

We're living longer

And while the birth rate has been growing, the death rate has been declining, a factor of increasing longevity and an ageing population.

Population growth from migration still a big factor

While population growth due to net overseas migration slowed a little to 235,797 in 2013, this still eclipsed the natural increase in population (births minus deaths) of 160,357.

Our population will grow by 10 per cent in the next 5 years.

It is likely Australia's population will increase by 10 per cent over the next 5 years if we compound the current rate of growth.

With most of this growth happening in our major capital cities this will clearly cause some interesting planning and social challenges, but it will also some great opportunities for our real estate markets and for property investors.

 

[Spades]

Hi redwing,

Do you believe there is drain on the aging population,going via stats?

Seeing births and migration are on the increase.

Murphy?

Cheers Spades.

 

[redwing]

Australian Demographics Statistics video here

 

[z611143]

Everyone i seem to know around my age (23) is already having a baby or its on the way.

Will be interesting to see the March quarter on the 25th september id expect similar rates as last year. Interesting that Tasmania shot up so much in 2013, any reason why that might be the case?

Is there a population growth vs property/market cost graph correlating anywhere?

Z6

 

[BayView]

According to the ABS, Australia?s population grew by 1.73 per cent in the year to December 2013.

? one birth every 1 minute and 42 seconds,

Apply these two stats to the whole planet, and we are heading for a very, very big problem in a very short time.

The frickin joint is already too overcrowded as it is.

 

[spludgey]

Interesting that Tasmania shot up so much in 2013, any reason why that might be the case?

Do you mean WA?

That's because of migration. Same reason it's so low in Tasmania, they don't have much of an economy, so people move to greener pastures.

 

[property_girl]

The frickin joint is already too overcrowded as it is.

I agree. But governments like to increase populations so that more people buy fridges, cars, homes, etc. to keep the economy going.

 

[z611143]

Do you mean WA?

That's because of migration. Same reason it's so low in Tasmania, they don't have much of an economy, so people move to greener pastures.

No, From the stats for such a little place Tasmania grew alot more in 2013 than 2012. Percentage wise, not amount wise.