Demographics will drive our destiny – particularly so for our property markets.
So researchers are having a field day digging through the recently released Census data.
I know I am and I was fascinated to see the Australian Bureau of Statistics reveal the typical Australian.
The ‘typical’ Australian is:
A 38 year old female who was born in Australia, and is of English ancestry.
She is married and lives in a couple family with two children and has completed Year 12.
She lives in a house with three bedrooms and two motor vehicles.
Of course this varies around the country:
The age of the ‘typical’ Australian varies across the states and territories.
The ‘typical’ Tasmanian is the oldest of all Australians at 42 years old, while the ‘typical’ Northern Territorian is the youngest at 34 years old.
The ‘typical’ Aboriginal and/or Torres Strait Islander person is a lot younger at 23 years old, and is also female.
The ‘typical’ Australian male is 37 years old – a year younger than the ‘typical’ female – and spends less than five hours a week on domestic work, while the ‘typical’ female spends between five and 14 hours a week on domestic work.
In 2016, the ‘typical’ Australian home is owned with a mortgage, but this differs across the country.
For example, the ‘typical’ home in Tasmania and New South Wales is owned outright, while the ‘typical’ Northern Territory home is rented. In 2006, the ‘typical’ Australian home was owned outright.
Although our ‘typical’ Australian has both parents born in Australia, the ‘typical’ Australian in New South Wales, Victoria, and Western Australia has at least one parent who was born overseas.
What about migrants?
In 2016, the ‘typical’ migrant in Australia was born in England and is 44 years old; a decade ago they were aged 46.
There are however some differences between the states – the ‘typical’ migrant in Queensland was born in New Zealand, while in Victoria the ‘typical’ migrant was born in India.
The ‘typical’ migrant in New South Wales was born in China.
Source: Australian Bureau of Statistics
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.