Census shines light on demographic trends
Census data released by the Australian Bureau of Statistics this year provides important information for investors anticipating future trends in Australia housing.
Separate houses continued to account for the largest proportion of Australian homes. However, separate houses decreased from 76% of households in 2011 to 73% in 2016. Semi-detached, row housing, town houses, flats and apartments increased to make up just over one-quarter of housing (26%).
The 2016 Census counted almost 10 million dwellings across Australia. The vast majority of dwellings counted (8.9 million) were private households that had people living in them on Census night.
More than two-thirds of these households (69%) had one family living in them. Despite remaining the most commonly reported type of household, the proportion of one family households has continued to decrease in the last 25 years. In 1991 one family households made up three-quarters of Australian households.
What we earn
The median personal income, nationally, was $662 per week. This has increased from $577 per week in 2011. The ACT remained the state or territory with the highest median income in 2016 - $998 per week. Tasmania also remained the state with the lowest median income - $573 per week.
Where Australians live
The 2016 Census counted 23.4 million people living in Australia, an increase of 8.8% since the 2011 Census. Australia’s population has more than doubled in the 50 years since the 1966 Census, which counted 11.6 million people. The Census does not count Australians who were overseas at the time of the Census; however, these are included in the official population estimates which are updated every five years after the Census.
Capital cities vs regional centres
According to the ABS, approximately two thirds of respondents to the 2016 Census indicated living in a capital city. Capital cities, indeed, continue to be a popular lifestyle option. Between Censuses, the number of people living in capital cities grew nearly twice as fast as the number of people living outside of capital cities (10.5% and 5.7% respectively).
Sydney remained the largest city in Australia, growing by an average of 1,656 people per week between the 2011 and 2016 Censuses. Melbourne however is catching up, growing by an average of 1,859 people per week over the same period.
What we live in