24 facts about Australia at 24 million

Friday, January 22, 2016

As Australia closes in on the next population milestone of 24 million, which it will reach in February, social researcher Mark McCrindle analyses what life was like when the population was half this- and how we have changed in the 48 years since.

  1. Australia hit 12 million in 1968 and has doubled since then to hit 24 million in 2016. Over the 48 years from 1968 to 2016 Australia’s population increased by 12 million. Over the previous 48 years (1920 to 1968) the population increased by just 6.5 million.

  2. More people live in the three cities of Sydney, Melbourne and Brisbane today than lived in the whole nation in 1968.

  3. More than 1 in 3 Australians (8.6 million) have seen the population of the nation double in their lifetime.

  4. In the time that Australia’s population has doubled, (1968 to 2016), Tasmania has only increased by one-third (36%) while the Australian Capital Territory and the Northern Territory have increased more than two and a half times (252% and 263% respectively)!

  5. In 1968, there were 83,807 more males than females while today there are 121,292 more females than males
  6. 1968 = 101.3 males per 100 females

    2016 = 99.0 males per 100 females


  7. 29% of the population in 1968 was aged 0-14 compared to under 19% of the population today, however there are still 1 million more under 15’s today than then.
  8. 0-14 years

    1968: 29%, 3,486,000

    2016: 18.8%, 4, 476,045


  9. In the time that the population has doubled, the number of Australians aged over 65 has more than tripled from 8.4% of the population (1,014,000) to today’s 15% of the population (3,569,556).

  10. The rate of marriages has dropped by over 40% since 1968 from 8.8 per 1000 population to 5.2 today. However there are around 20,000 more marriages annually than the 106,000 seen in 1968.

  11. The total birth rate has decreased by a quarter since 1968, from an average of 2.34 births per woman to 1.8 today. However with a population twice as large there are far more births today, exceeding 300,000 annually compared to 240,906 in 1968.

  12. The death rate has dropped by almost 30% since 1968 and life expectancy has increased by 13.2 years for males and 10.9 years for females to now exceed 80 for males and 85 for females.

  13. Standard variable interest rates were exactly the same in 1968 as today, at 5.4% while inflation was slightly higher (2.6%) compared to today (1.5%).

  14. The male average hourly wage was $1.22 and the weekly full time wage was $48.93 which in today’s dollars is $567. The current average weekly full time earnings is almost three times this at $1,484.50.

  15. Back then 1 Australian dollar bought 1.11 US dollars compared to 0.73 US dollars today.

  16. The maximum marginal tax rate was much higher at 68.4% on $32,000 and over while for the 2015-16 financial year it is 45% on $180,000 and over. The tax free threshold has also increased from $416 ($4,800 in today’s dollars) to $18,200 today.

  17. The company tax rate was 40% for private companies and 45% for public companies while for the 2015-16 year it is 30% and 28.5% for small businesses.

  18. While our population is twice as large, our economy is five times the size it was in 1968. Back then Australia’s GDP was $28,817 million ($334,072m in today’s dollars) while for the 2014-15 financial year was $1,619,195m.

  19. Men are participating in the workforce much less (male participation rate has dropped from 83.7% to 70.8%) while women are participating much more (up from 37.7% to 59.6%).

  20. Homes cost 5 times more. The median Sydney house price was around $18,000 (in today’s dollars this equates to $195,300) compared to the current Sydney median house price which exceeds $1 million.

  21. But milk, butter and potatoes cost less today.

  22. In 1968 TV was black and white, music was played on record players and the moon had not been reached.

  23. John Farnham’s Sadie the Cleaning Lady was the top song for five weeks and 1968 was the year that Hugh Jackman and Kylie Minogue were born.

  24. The postage rate in 1968 was 5 cents for a standard letter compared to $1 today. Most suburbs had twice-daily delivery service compared to the current 3-day delivery times.

  25. In the 1968 Olympics in Mexico City, Australia bagged 5 gold medals (17 in total) compared to an AOC target of 13 gold medals (and 37 in total) for Rio in 2016.

  26. Australia was still getting used to the new currency system, moving from the Australian pound to the Australian dollar from 1966 and we’ve gained two new coins and two new notes since then.

  27. The coins in use were the 1, 2, 5, 10, 20 and 50 cent coins. There were also notes with values of $1, $2, $5, $10 and $20.

IN THE MEDIA

 

About Mark McCrindle

Mark is an award-winning social researcher, best-selling author, TedX speaker and influential thought leader, and is regularly commissioned to deliver strategy and advice to the boards and executive committees of some of Australia’s leading organisations.

Mark’s understanding of the key social trends as well as his engaging communication style places him in high demand in the press, on radio and on television shows, such as Sunrise, Today, The Morning Show, ABC News 24 and A Current Affair.

His research firm counts amongst its clients more than 100 of Australia’s largest companies and his highly valued reports and infographics have developed his regard as a data scientist, demographer, futurist and social commentator.

Download Mark's speaking pack here

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

10 years SRE personalities government marrickville alpha trends of 2017 water divorce rate baby boom the changing face of rich dream wealth vegemite ashley fell January 26th gen z Skilling investing census 2016 Sydney keynote speaker community engagement focus group christianity Charlotte cars mentor buildings coffee Research Executive digital SMART wellbeing poker master storytelling ease of travel events staff sydney event future proof small business focus groups James Ward 2016 census results The ABC of XYZ cancel plans parents nfp participants young australians ABS christmas jobs of the future Northern Territory marriages school satisfaction Australian Families baby names report gold coast average sydneysider Australian Trends public speaker ethnography personal growth living marketing young people commuters gen alpha baby shopping workforce local communities insights business performance balance innovative census results ACF 2016 career Generation Y group tips sunny days omnibus sydneycity equip skills graphs weekly earnings urban living moreton bay marriage online shopping kate middleton ACF learning styles house prices sector emerging trends post rationalism employers financial dreams teachers children demographic princess charlotte schools communicate domestic anzac emerging generations logan townhouses ideas community conference research survey design Population Clock property change Wellington 1980 baby boomers study mythbusting 24 million micro spend 2012 state DIY cancelling event work unaffordable the average aussie visualisation waverton economic socialites Andrew Duffin ashley mckenzie Northern Beaches Christian School purpose trends analyst affordability demography census capital city world news professional development non profit English royal social shifts demographic trends men mccrindle research data Australian Dream panel engagement leadership new office high school local community celebration EFF holidays stats population map publication tv Australian communities media faux-cilise Love recap mover and shaker holiday spirituality 2016 ACT aussie culture village investment commute university greatness CPI survey urban living index SA owning a home award winner future-proof culture sydneysider public speaking hello fresh housing cooking australian communities trends report tattoos social change WA travel leadership workshop research data slideshare financial wages Christmas presents megatrends sydney speaker Tuesday Trends faith hornsby google urban taskforce cancelling plans typical australian energy capital cities millenials bureau house price rise child care ferry crime average Australian optus my business awards ipswich group session national wealth professional speaker house professional infographic transport keynote speaker dessert school research pack happiness city community event networking mateship litter tea Christchurch business index royal family area the hills define learner suburb 2020 social research follow data analyst tertiary education mccrindle in the media generations dare to dream family sustainable income Merry Christmas charity curiosity social commentary Real Estate Institute of Victoria researcher mobile offenders meetings goals Financial Planning Association insight trend professional services trades teacher future of shopping McCrindle Speakers breakfast new york times royal baby friendship toys bondi national crime rates sydney metro NBRS Architecture Canberra car Western Australia HSC collaborative TAS renting financial fears housing market daily telegraph property price shbc Netflix victoria Territory know the times twentyseventeen increasing densification australian communities forum rental stress australia collaboration emerging technologies Christmas season darwin analysis vegetarian Wagga Wagga eliane miles criminal newspaper school students challenge Engineering Manager snapshot brisbane sydney hills moderators guide market research trends of 2016 real PSI Social Trend sentiments australian social research urban growth australians staying home more travelling social media quote Melbourne forecast entertainment not-for-profit bus Aussies rising house prices Christmas lunch Caregiver Wodonga lifestyle Do It Yourself list Australian schools education future report debt media activity environment cold social trends experience public holiday wolloomooloo aged care The Daily Edition world youth day home owner economy financial independence census fail Australian demographics seasons winter blues ultimo jobs education future deloitte priorities 1975 Adelaide society internships poor Northern beaches Event Financial Planning Association of Australia sector wide study office housing affordability consumer politics 1968 debate Northern Beaches NSW global presentation REIV Conference wealth distribution home brands earn workplace culture socialising overcast Scouts Mark McCrindle society trends New Zeland generational trends Australia Day growing population World Water Day Work place careers cultural diveristy states train high density apartments award Channel 7 NEETs faux-cilising Geoff Brailey leader culturally diverse eliane demographer shifts fears relevant cloudy days budget Australians annual income media commentary forum education Australian Census paying to work 24,000,000 retirement names facts social lives aged care puzzle finance unemployment belief Crime Rates christian cartodb Res Vis house price wealth and income distribution interactive mother's day demographic transformations #censusfail healthy future Aussie cash Australian Communities Trends sun google for education household salary royal influence proactive System's Architect conference presentation changing face of sydney hopes internship rise of local census data entrepreneurs of today apartment workshop media release Australian Home work-life Gen X Deaths Word Up mortgage employment schools students office opening prince george communication education sector educated future of work 2014 innovation learning Channel Seven pharmacies land of the middle class Australian Bureau of Statistics relational 2013 social researcher woolworths visual teleworking Australian Population teach sydneysiders cost of living the hills shire volunteers language life consumerism church housing trends technology cost video trend tuesday tuesday NT 2015 program product South Australia New Zealand Sydney national private wealth research visualisation pharmacy perth event population growth 2016 census story IT Specialists optimistic data visualisation going out in depth interviews TDE easter youth unemployment intern futurist baby names social blaxland Bathburst shopper's pick micro apartments 40 million FPA local student year 12 financial future grave decision customer couple presentations resilience divorce acf15 motivate business organisations clothing parenting social enquiry mythbusters speakers office space Gen Y stay home DESTEL Australia Day 2017 daily commute Kirsten Brewer baby name trends resource sports conference speaker crows nest food 23 million organisational culture internet sunburnt country SMSF statistics entrepreneurial youth optus conferences demographics mccrindle February 16 population milestone winter population home ownership CBD hills shire cica grandparents contiki earnings hobart earning summer rain families Financial Planning Week etiquette Assistant Store Manager suburbs tableau dreaming faux-ciliser social issues Vocational education religion norwest medicine report global generations father's day not for profit supply and demand social impact "know the times" brand Tasmania rent identity suburban living safe goal Real Estate property market impact meals Hornsby Shire Council Queensland affordable weather Kiwi thought leadership baby name predictions Myth narcissism global financial crisis social commentator VET sector high density case study easy rider 2017 geomapping FOMO year 7 selfie future of education lalor park communities training low density Duchess of Cambridge education research thrive responsive millionth high density living ageing wedding women apartments baby names australia report online Education Future Forum social life learn shopping centre brand experience authenticity generation Z mining boom VIC housing growth forecasting renter of the future Queensland: QLD New South Wales rule keeper baby name potts point future outsourcing university degree mccrindle tea workplace average aussie work mates households huffington post research report manly social analysis fresh repayments VET neutral bay teaching 1994 generation alpha results wealth and income menai environmental scanning generation ageing population millennials pyrmont research services gender investor Sydney Hills Business Chamber in the media Valentine’s Day educhat staying in cultural diversity trends students Births communications Royals engage wage social researchers NBRS plans builders residents keynote Generation X REIV National Conference Macquarie University the australian dream future proofing JOMO middle class Tuesday Trend qualitative research entrepreneur long weekend friends sector wide monarchy Hills Shire Council infographic wall click GPO

Archive