Australia's Unprecented Growth Rate Australia is growing at unprecedented rates. Our current population growth rate – having gone from 1.6% to 1.7% in the last several months – means that we are growing by almost 400,000 people very year! Our current population increase is the equivalent of one new Coffs Harbour every 8 weeks, or one new Gold Coast every 19 months! On April 23 of this year, our population reached the iconic 23 million mark.
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Twice the Size of 1966 In 1966 Australia’s population was 11.5 million and so it has taken just 47 years to double to 23 million.
Births Exceed 300,000 For the first time in Australia’s history, annual births have exceeded 300,000 in the last year. Keep in mind that the original Baby Boom which created Australia’s largest generation – the Baby Boomers, peaked out at 260,000 births in the early 1960’s.
Half as many Deaths as Births While the birth rate has been growing, the death rate has been declining.
Population Growth from Migration Increases, Proportion from Natural Increase declines The Net Overseas Migration figure of 228,000 is an increase of almost one-third (32.2%) on the previous year. The proportion of population growth contributed by migration is now 60%, and the proportion from natural increase is 40%. Permanent overseas arrivals are expected to break the half-million mark this year, falling just short of this at 488,100 in the last 12 months, or 9,387 per week.
Queensland is the most chosen state Analysis of interstate migration data shows that Queensland continues to be Australia’s most loved state, with arrivals from other states and territories into Queensland exceeding 1,700 per week, a total of 88,866 last year.
40 Million in 40 Years Australia has been growing by a million people roughly every two and a half years. Even if the population growth rate stays the same, the speed of adding each new million will accelerate as the population base increases (for example our current birth rate of 1.9 is producing record birth numbers, even though in 1961 we had a birth rate of 3.5- because our population today is more than twice as large as it was then.) Even allowing for a slight slowing of the population growth rate, Australia’s population will exceed 40 million in the late 2050’s although if the growth rate continues its current strength, this milestone could easily be reached by the mid 2050’s.
Implications of A Growing Population It is certain that the strain on infrastructure, the downside of the bottlenecks that it creates, the extra waiting times and the challenges and costs of getting around are creating fragmentation in terms of where people are living and new lifestyle options. As Australia's cities grow at much faster rates than governments anticipated, regional Australia is flourishing.
Sources: ABS Australian Demographic Statistics, ABS Population Clock, McCrindle Research.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
our population growth is jaw dropping. Combine this with the RBA stating they want to shift towards housing and low interest rates and it's like throwing petrol on the fire. The only wildcards are unemployment and what they intend to do with rezoning land IMO.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Our economy would be f*%ked without it but our society will be f&%ked because of it. The infrastructure required to deal with it like hospitals, roads and public transport is not being funded and the consequences will be felt in the coming years. The rentseekers love it though.
Not at all, our deaths, actual, double over the next 2.5 decades and the 300k births will be matched by the 300k deaths. All IGR reports and the ABS projections have our % growth slowing from here on in, bugger, may have bust your bubble... 60% of our NOM are temp visa holders here longer than 12 months (changed in 2006) Did you notice the spike since?
So, if your pitch is that high growth will continue on, sorry, you are wrong.
Frank See what happens when they change the methodology...
"The largest contribution to NOM in recent years has been from people on temporary visas. In 2007-08, these accounted for 186,500 people or two-thirds of all net migration. Students made up the largest category of temporary net migration and 39% of all NOM. The number of overseas students contributing to NOM has more than doubled from 45,300 in 2004-05 to 108,700 in 2007-08. Over half of the student component of NOM was made up of students who were citizens of India (33,300) and China (25,600). The third largest source of students in 2007-08 was Nepal with a NOM contribution of 7,300 (equal to 7% of the total NOM of students). The balance of overseas students was spread among more than 140 other countries, each contributing less than 4% of the net student arrivals. "
Population projections for Australia show that the ageing of our population will continue. This is the inevitable result of fertility below replacement levels over a long period and increasing life expectancy.
Research shows that immigration beyond current levels would have a diminishing impact on slowing the ageing of the population. This reflects ageing being a gradual process and the fact that most migrants who enter Australia would themselves be part of the aged population in 30 to 40 years' time.
Research commissioned by us consistent with the 2010 Intergenerational Report shows that after 2036 there will be more Australians retiring from the labour force than joining the labour force. This is because of the ageing baby boom generation and because long-term fertility rates remain below replacement level. Immigration currently provides 60 per cent of Australia's population growth, but within the next few years it will be the only source of net labour force growth in Australia. Without immigration, labour force growth will almost cease within the next decade.
We have implemented a long term immigration planning framework that will inform and guide its future migration program decisions while maximising the benefits for Australia.
For further information about population ageing and Australia's labour future, please refer to Demographic and labour Supply Future's for Australia (2008)."
population growth = higher home prices was debunked years ago. Just look at the US population statistics from 2006~2012. Their home prices fell and fell even as millions of Mexicans streamed across the southern border. Next topic.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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