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Demographics

Generation Z demographics show the full results of Aus­tralia’s declining fertility rates of the last few decades. How­ever, the total fertility rate bottomed out at 1.77 (children per woman) in 2001 and the total births have increased every year since then, hitting new all-time records from 2006 with the TFR rising to 1.81. This mini-baby boom followed Peter Costello’s urging of Australian couples to ‘have one for mum, one for dad and one for the country’ – and the promise of a $3000 baby bonus in 2004! Prior to the mini-baby boom, the government actually increased the baby bonus from $3000 to $4000 and today it stands at $5000. Australia’s TFR now stands at a relatively high 2.0 babies per woman (nearly back to replacement rates!).

Australia is experiencing both an ageing population and a baby boom, with over 300,000 babies born in the last year. Since 1966 Australia’s population has doubled and is now growing by a new Canberra every year. Not only is the population growing, but our households are changing. The nuclear family (parents and children) is still the most common household form (33% of all households), however within a few years, the couple only household will be the most common and with our ageing population, the lone person household has been the fastest growing.

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