Population and the Policy Imperative
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1 Australian Local Government Association Population and the Policy Imperative Bernard Salt AM The Demographics Group 19 June 2018
2 Australia is a place of rising prosperity 2008 GDP USDbn 1. United States 14, Japan 5, China 4, Germany 3, France 2, United Kingdom 2, Italy 2, Russian Fed. 1, Brazil 1, Spain 1, Canada 1, India 1, Mexico 1, Australia 1, South Korea 1, GDP USDbn 1. United States 20, China 14, Japan 5, Germany 4, United Kingdom 2, France 2, India 2, Italy 2, Brazil 2, Canada 1, Russian Fed. 1, South Korea 1, Spain 1, Australia 1, Mexico 1, GDP USDbn 1. United States 27, China 26, Japan 6, India 6, Germany 5, France 4, United Kingdom 3, Brazil 3, Italy 2, Canada 2, South Korea 2, Australia 2, Russian Fed. 2, Spain 2, Indonesia 1,997 Source: Based on International Monetary Fund,; The Demographics Group
3 The Australian consumer market is remarkably diverse Stockholm 30% London 36% Moscow 13% Berlin 13% Paris 22% Vienna 32% Madrid 20% Dubai 83% Seoul 4% Shanghai 0% Tokyo 2% 8,000km Toronto 49% Pittsburgh 4% San Francisco 36% New York 29% Miami 39% Mumbai 1% Singapore 29% Johannesburg 6% Darwin 28% Alice Springs 29% Perth 39% Adelaide 28% Melbourne 36% Cairns 29% Brisbane 28% Sydney 39% Canberra Auckland 39% 28% Wellington 27% Buenos Aires 13% Proportion of city population comprising international-born residents as measured by local censuses Source: relevant local census data,the Demographics Group; presentation template by SlidesCarnival
4 Australia s Asian and Indian influences are rising 2016 United Kingdom 1,088,000 New Zealand 518,000 China 510,000 India 455,000 Philippines 232,000 Vietnam 219,000 Italy 174,000 South Africa 162,000 Malaysia 138,000 Sri Lanka 110,000 Germany 103,000 South Korea 99,000 Change % +7% +60% +54% +36% +19% -6% +12% +19% +27% -5% +33% Greater Melbourne -2% +18% +72% +51% +33% +18% -8% +11% +25% +27% -6% +43% Nationalities by country of birth in Australia and Greater Melbourne between the 2011 and 2016 censuses Source: Based on Australian Bureau of Statistics data; The Demographics Group; presentation template by SlidesCarnival
5 New acronyms for our newest tribes PUMCINS Professional Urban Middle Class In Nice Suburbs Not Enough Time To Enjoy Life NETTELs KIPPERS Kids In Parents Pockets Eroding Retirement Savings Lots Of Money But A Real Dickhead LOMBARDs Source: The Demographics Group; presentation template by SlidesCarnival
6 There has been a loss of faith in big institutions No religion 6,933, Catholic 5,291, Anglican 3,101, Uniting Church 870, Islam 604, Buddhism 563, Presbyterian & Reformed 526, Eastern Orthodox 502, Hinduism 440, Baptist 345, Pentecostal 260, Lutheran 174,000 Change % -3% -16% -18% +27% +7% -12% -11% +60% -2% +9% -31% Greater Sydney +54% -2% -18% -22% +22% +3% -10% -10% +50% -7% +10% -43% Religious affiliation in Australia and Greater Sydney between the 2011 and 2016 censuses Source: Based on Australian Bureau of Statistics data; The Demographics Group; presentation template by SlidesCarnival
7 There is opportunity for growth in Australia s largest cities and towns Sydney 4,300, % 13. Townsville 169,000 +7% 2. Melbourne 4,200, % 14. Geelong 157,000 +9% 3. Brisbane 2,100, % 15. Cairns 145,000 +8% 4. Perth 1,900, % 16. Darwin 118, % 5. Adelaide 1,200,000 +6% 17. Toowoomba 100,000 +4% 6. Gold Coast 541, % 18. Ballarat 94,000 +9% 7. Canberra 396, % 19. Bendigo 92, % 8. Newcastle 322,000 +5% 20. Maitland 78, % 9. Central Coast 308,000 +3% 21. Mackay 76,000 +2% 10. Wollongong 262,000 +6% 22. Launceston 75,000 +2% 11. Sunshine Coast 243, % 23. Bunbury 71, % 12. Hobart 178,000 +4% 24. Rockhampton 61,000-1% Percentage change in Australia s Urban Centre Localities between the 2011 and 2016 Censuses Source: Based on Australian Bureau of Statistics data; The Demographics Group
8 The lonely-fication of Australian suburbia Number of Households (000) H/H Growth Traditional Nuclear Family 2,272 2,687 3, % Couple-Only 1,236 2,199 3, % Single Household 961 2,024 2, % One Parent Families % Group Household , % Total No. 5.2m 8.2m 11.0m +112% Source: Based on Australian Bureau of Statistics data; The Demographics Group; presentation template by SlidesCarnival Change in household and family type in Australia over 50 years
9 Years of prosperity have created a culture of aspiration s 1970s 1980s 1990s 2000s 2010s Menzies Whitlam Fraser Hawke Dec-1961 Jul-1962 Feb-1963 Sep-1963 Apr-1964 Nov-1964 Jun-1965 Jan-1966 Aug-1966 Mar-1967 Oct-1967 May-1968 Dec-1968 Jul-1969 Feb-1970 Sep-1970 Apr-1971 Nov-1971 Jun-1972 Jan-1973 Aug-1973 Mar-1974 Oct-1974 May-1975 Dec-1975 Jul-1976 Feb-1977 Sep-1977 Apr-1978 Nov-1978 Jun-1979 Jan-1980 Aug-1980 Mar-1981 Oct-1981 May-1982 Dec-1982 Jul-1983 Feb-1984 Sep-1984 Apr-1985 Nov-1985 Jun-1986 Jan-1987 Aug-1987 Mar-1988 Oct-1988 May-1989 Dec-1989 Jul-1990 Feb-1991 Sep-1991 Apr-1992 Nov-1992 Jun-1993 Jan-1994 Aug-1994 Mar-1995 Oct-1995 May-1996 Dec-1996 Jul-1997 Feb-1998 Sep-1998 Apr-1999 Nov-1999 Jun-2000 Jan-2001 Aug-2001 Mar-2002 Oct-2002 May-2003 Dec-2003 Jul-2004 Feb-2005 Sep-2005 Apr-2006 Nov-2006 Jun-2007 Jan-2008 Aug-2008 Mar-2009 Oct-2009 May-2010 Dec-2010 Jul-2011 Feb-2012 Sep-2012 Apr-2013 Nov-2013 Jun-2014 Jan-2015 Aug-2015 Mar-2016 Oct-2016 May-2017 Dec-2017 GST GFC Per cent change in Australian GDP by quarter from December 1961 to December 2017 Source: Based on Australian Bureau of Statistics data; The Demographics Group; presentation template by SlidesCarnival
10 The way we live has changed and so too have expectations 1950s Today Source: House plans created by Sawmill Designs
11
12 I stopped eating smashed avocado and now I own a castle
13 Road sign outside Avoca in Central Victoria
14 Knowledge workers are driving Australian prosperity 1, Feb 2000 Feb 2018 (000) Jobs grown: 3,987 Jobs contracted: 300 Net jobs added: 3,688 Agriculture/Forestry & Fishing Wholesale Trade Manufacturing Construction Education & Training Accom. & Food Transport/ Postal/ Warehouse Financial & Insurance Admin & Support Rental/Hiring & Real Estate Info Media & Telecoms Healthcare Professional/ & Social Assistance Scientific/ Tech. Retail Trade Public Admin & Safety Mining Arts & Recreation Other Services Electricity/Gas/ Water & Waste 18 years Australia February quarter 2018 up 3.9m (8.7m 12.4m) Source: Based on Australian Bureau of Statistics data; The Demographics Group; presentation template by SlidesCarnival
15 New technology creating some jobs and diminishing others Growth occupations Change Sales Assistant (General) 69, Aged or Disabled Carer 24, Chef 23, Domestic Cleaner 20, Kitchenhand 17, Construction Project Manager 17, Enrolled Nurse 16, Registered Nurse (Critical/Emergency) 16, Child Care Worker 15, Barista 15, Management Consultant 14, Marketing Specialist 14,400 Declining occupations Change Secretary (General) -19, Retail Manager (General) -18, General Clerk -16, Mixed Crop & Livestock Farmer -11, Checkout Operator -11, Manufacturer -9, Bank Worker -8, Wholesaler -6, Financial Institution Branch Mgr. -5, Cook -5, Engineering Production Worker -5, Miner -5,000 Net change in employment by occupation in Australia over 5 years to 2016 Source: Based on Australian Bureau of Statistics data; The Demographics Group
16 What it takes to be Australia s best country town Goondiwindi Griffith Australia Population ,524 18, m Population growth % 7.0% 8.8% Unemployment 3.7% 5.3% 6.9% Volunteering (past 12 mths) 25.9% 17.2% 19% Median house price (2018) $335,500 $320,000 N/A Five year housing growth 24.7% 48.8% N/A Median weekly personal income (persons 15+) $718 $673 $662 Source: Based on Australian Bureau of Statistics data; The Demographics Group
17 Smorgasbord checklist of successful capital city must haves Build Airport Connections Create a World-City Checklist Support Business Awards Deliver affordable housing Forge global city relationships Deliver City Functionality Develop a 2050 City Vision Invest in City Brand Source: The Demographics Group; presentation template by SlidesCarnival
18 Smorgasbord checklist of successful local town must haves Airport National Event United Community University Private School Marginal Seat Local TV Affordable Housing Tourist Attractions Local Radio Aged Care Facility Vocational Training Daily Paper Sports Stadium Business Awards Military/CSIRO Convention Centre Café Culture Hospital Local Entrepreneurs State/Fed/Local Govt Source: The Demographics Group
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20 Disclaimer 2018 Business Demographics Australia Pty Ltd ATF the Saltco Trust, trading as The Demographics Group ( TDG ). All rights reserved. The use of any TDG name or logo or Bernard Salt s name or image are prohibited without TDG s prior written consent. The information contained in this document and in this presentation is of a general nature and is not intended to address the objectives, financial situation or needs of any particular individual or entity. It is provided for information purposes only and does not constitute, nor should it be regarded in any manner whatsoever, as advice and is not intended to influence a person in making a decision, including, if applicable, in relation to any financial product or an interest in a financial product. Appropriate professional advice should be sought from a suitable person with full knowledge and consideration of the specific circumstances of each individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. TDG is under no obligation in any circumstance to update this presentation, in either oral or written form, for events occurring after the presentation. No reliance should be placed on additional oral remarks provided during the presentation. To the extent permissible by law, TDG, its associated entities and Bernard Salt shall not be liable for any errors, omissions, defects or misrepresentations in the information or for any loss or damage suffered by persons, including third parties, who may use or rely on such information (including (without limitation) for reasons of negligence, negligent misstatement or otherwise). TDG have indicated within this presentation the sources of the information provided. TDG has not sought to independently verify those sources unless otherwise noted within the presentation. These slides are not for commercial use or redistribution. The presentation (and the accompanying slide pack) is provided solely for the benefit of the presentation attendees and is not to be copied, quoted or referred to in whole or in part without TDG s prior written consent.
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