If you have been keeping with the news, you may have seen the 2023 release of the Intergenerational Report, a document summarising economic outlooks and Australia’s budget over the next 30 years. One of the major challenges identified is Australia’s ageing population, an issue which has sparked significant discussion in the media with concerns that even with superannuation, retirees will still not able to cover living expenses.According to AMP’s 2022 Financial Wellness report, 21% of working Australians are not confident that they have the funds to live at their desired lifestyle in 2022, up from 17% in 2021.While we acknowledge the challenges of the situation…
Tag: Demographics
Welcome to the second instalment of our Empty Suburbs series, where we will be taking a look at the suburbs and localities with the highest vacancy rates as of the 2021 Census. For this instalment, we will be exploring Victoria.From our last episode where we covered New South Wales, we found that the highest vacancy rate suburbs are along the Central Coast and the Inner City. Rather than just commenting on the phenomenon of high vacancies, we will also be highlighting the comparison between Victoria and New South Wales and the impacts of COVID-19 on Victoria’s dwellings. Do we see similar trends in Victoria? Are…
With current talks of a housing crisis, there have been discussions around rent freezes, incentives to increase supply of housing or slowing down the intake of overseas migrants. But one factor which is not often discussed is Australia’s use of unoccupied dwellings.So today, we ask the question – where are the unoccupied dwellings and why are they unoccupied? Are they significant in talks around the cost of living?Starting with New South Wales, we will be using 2021 Census data to determine which suburbs have the highest vacancies and examine how this phenomenon changes across localities. But before we jump into the list, let’s first talk…
Many people will be aware that Australia’s population growth has rebounded after the lean COVID-19 years. Unprecedented levels of overseas migration have reversed the minimal population growth from the June Quarter of 2020 to the September Quarter of 2021. The strength of the rebound has come as a bit of a surprise, given the levels of pessimism regarding Australia’s demographic and economic outlook during the peak of the pandemic only two years ago. The increase has been unprecedented with the latest data showing a net migration gain to Australia of almost 387,000 people in the year ending December 2022. This is the highest gain to…
In our previous blog “Population growth in New South Wales: Stories from the 2021 Census”, it was revealed that Camden was the fastest growing Local Government Area (LGA) in NSW, going from 78,200 persons in 2016 to 119,325 by 2021; a rate of 52.6%! The next closest LGAs were The Hills Shire (22.0%) and Blacktown (17.7%). Growth in these LGAs was predominantly driven by rapid rates of greenfield residential development in new estates, hence attracting new residents to the area. “Over half of Camden’s new residents arrive from neighbouring Liverpool and Campbelltown” The migration map below shows the most significant net flows of people to…
Do you live or work near a PTV train station? Perhaps you drive to one to catch the train? By now, you have probably noticed the amount of residential construction that has taken place around these stations in the last several years – trust us, your eyes do not deceive!Guided by activity centre policies (from both State and local Governments), it aims to focus new residential growth around existing transport nodes, specifically our metropolitan train stations. The idea and practice of encouraging focused higher density development around transit nodes has been around for a while. It brings about many advantages, such as greater walkability, better…
The first release of the ABS 2021 Census gave us a fascinating glimpse into to the many structural changes that has taken place within Australia over the last 5 years. Following suit, the second release continued to unravel more interesting trends about the way we’ve adjusted our behaviours and attitudes to the “new normal” in the post COVID-19 and how this is reflected on the wider community and the future of Australia.For those of you who have been following our work (both here and on LinkedIn), you’d know that we have been particularly interested in understanding what the second release reveals about the many employment…
The rate of population growth in Tasmania accelerated rapidly during the 2016-2021 period. The growth rate of 9.3% or 47,610 persons was remarkable after a relatively sluggish previous decade where the State’s population grew by only 33,480. The fastest growing Local Government Areas (LGAs) in Tasmania were a combination of smaller rural LGAs and areas on the edge of Hobart and Launceston. However, the fastest growing LGA in Tasmania between 2016 and 2021 was Central Highlands (17.5%). Almost all LGAs in Tasmania benefited from the large overseas and interstate migration gains to the State that preceded the COVID-19 pandemic. The greatest gains in net terms…
What does the ABS 2021 Census tells us about population growth rates across Southern Australia? Despite the overall rate of population growth in SA experiencing strong gains from 2016 to 2021 (6.3%), not all LGAs across the state benefited from the large overseas migration gain that preceded the COVID-19 pandemic. The fastest growing LGAs between 2016 and 2021 were mainly the outer and fringe areas of Adelaide, where greenfield development was the most predominant. Maralinga Tjarutja Council was the fastest growing Council in remote northern South Australia with a 50%+ increase, although the gain was just 34 persons.Most coastal areas grew strongly in the lead…
What does the ABS 2021 Census tells us about population growth rates across Western Australia? The overall rate of population growth in WA remained at moderate levels from 2016 to 2021 (7.5%), after a much faster period of growth from 2006 to 2016, based on the mining investment boom. The fastest growing Local Government Areas (LGAs) in Western Australia were a combination of small rural LGAs with increases in population due to mining and greenfield growth areas on the fringe of Perth. The fastest growing LGA in WA between 2016 and 2021 was Mount Magnet (35.5%). Almost all LGAs in Perth and surrounds benefited from…