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Just some interesting population facts...
Topic Started: 28 Aug 2014, 05:10 PM (763 Views)
ThePauk
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"At 30 June 2013, Australia's estimated resident population (ERP) was 23.1 million, an increase of 1.9 million people (8.9%) since 30 June 2008.

In the five years since June 2008, the number of people aged 65 years and over in Australia increased by 533,000 (19%) to reach 3.34 million people at June 2013. This accounted for 14% of the total Australian population.

At June 2013, there were 4.37 million children under 15 years of age in Australia, accounting for 19% of the total population. In the five years to June 2013, the number of children increased by 271,200 (6.6%).

At June 2013, there were 15.4 million people of working age (15 to 64 years) in Australia, an increase of 1.1 million (7.5%) since June 2008. The proportion of the total population in this age group was 67% in 2013.

At June 2013, the median age of the Australian population (the age at which half the population is older and half is younger) was 37.3 years, up from 36.9 years at June 2008


http://abs.gov.au/ausstats/abs@.nsf/Latestproducts/3235.0Main%20Features12013?opendocument&tabname=Summary&prodno=3235.0&issue=2013&num=&view=


other snippets...

NSW's aged are coasting to retirement
The residents of Tea Gardens – Hawks Nest, near Port Stephens on the New South Wales coast, are officially Australia’s oldest, according to estimates released today by the Australian Bureau of Statistics (ABS).
In June 2013, the median age of people living in Tea Gardens – Hawks Nest was 60.0 years, compared with 37.8 for NSW and 37.3 for Australia.

Between 2008 and 2013, the number of people under 15 years of age increased by 4.7% in Adelaide. This compared with 16% in Perth, 9.8% in Brisbane, 9.6% in Canberra, 9.0% in Melbourne, 6.8% in Sydney, 5.6% in Darwin and 2.1% in Hobart.
In 2013, people under 15 years of age made up less than 18% of Adelaide’s population, the lowest proportion of all capital cities.

The aged at the core of the Apple Isle
Hobart has the oldest population of any Australian capital city, according to estimates released today by the Australian Bureau of Statistics (ABS).
Hobart’s median age was 39.4 years at June 2013, just ahead of the next oldest capital, Adelaide (38.8).
The median age of Hobart's population increased by 1.1 years between 2008 and 2013, the largest increase recorded by any capital city in Australia.
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ThePauk
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so the over 65's are growing at double the rate of our population growth and the bulls fall silent...lol
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peter fraser
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ThePauk
1 Sep 2014, 06:06 PM
so the over 65's are growing at double the rate of our population growth and the bulls fall silent...lol
We are all well aware of the changing demographic, but you are the only one with a dirty nappy over it.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
1 Sep 2014, 06:09 PM
We are all well aware of the changing demographic, but you are the only one with a dirty nappy over it.
Far from a dirty nappy Peter. I see the slowing of our population growth and even a possible peak and decline as a very good thing indeed.
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CSI
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A peak and decline in population isn't a possibility, its an absolute certainty. Left to its own devices the Australian population would probably reach this point in 30-40 years.

However every government seems dedicated to constantly increasing the immigration level year after year... It is also an absolute certainty that there is some limit as to how high the immigration rate can be pushed. As to what that limit is and when it will be reached, who knows.
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Blondie girl
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I know you like your stats Paul.

Wouldn't it make sense that for the majority of people who can afford to own their house do their bit in paying it off before retirement?

Once people retires & has their home paid off it simpy does not matter if prices go down really as the retirees are not looking to sell.

It resolves the issue of those who are not home owners forced to pay large amounts of their pension in rents.

What's sustainable?

It's difficult to discard sentiment that if a person has paid off their PPOR & is otherwise debt free as well, the pension plus govt perks would be enough to live on.

But
It's more difficult for a retired renter.

Also, , it's a different topic but it's relevant in population issues is the fact we are living longer but not all necessarily are living in optimal healthy lifestyles, which in turn places a burden on the health care system..which we all pick up the tab via taxes.
Edited by Blondie girl, 4 Sep 2014, 01:03 AM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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ThePauk
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Blondie girl
Yes, you present a solid reason why housing should drop in price to more affordable levels, so more people can own outright, rather than what we have now as falling outright ownership rates.

Yes, increased longevity will put pressure on health costs and if we do not strengthen broad based taxation, like GST and land tax, the burden will fall on the diminishing pool of workers.
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