Baby births are booming

I looked at the latest Demographic Statistics here, which showed that Australia’s population increased by 354,600 in the year to September 2014.

Commsec charted the trend in births to dispel the myth that folk have stopped having babies due to cost of living pressures.

In fact, over the past 24 months the total number of births has been at record highs.

baby-boom

Moreover, the greatest number of births continues to take place in the most populous states, which also have the most expensive housing markets.

cumulative births

That said, in other developed countries it has been observed that as wealth increases fertility can decline.

It would therefore not be a surprise to me to see fertility rates tail lower in Sydney and Melbourne from their present levels of ~1.9.



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Pete Wargent

About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


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