The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherLindsay SaundersWed 12 Jun 24

Migration Drives Australian Population Up 2.5pc

Australia’s population grew by 2.5 per cent to 26.97 million people in 2023, according to the Australian Bureau of Statistics (ABS). 

ABS head of demography Beidar Cho said net overseas migration drove 84 per cent of this population growth, while natural increase accounted for the other 16 per cent.

Net overseas migration was 547,300 people in 2023, with 751,500 arrivals and 204,200 departures.

Natural increase was 103,900 people in 2023, 6.4 per cent less than in 2022.

This comprised 287,100 births and 183,100 deaths registered in Australia. 

Western Australia had the fastest growing population, up 3.3 per cent from 2022, followed by Victoria, up 2.8 per cent, and Queensland, 2.6 per cent.

Tasmania had the lowest growth at 0.4 per cent.

Australia’s population growth is comprised of natural increase (births minus deaths) and net overseas migration (migration arrivals minus migration departures).

Australia’s population growth averaged 1.4 per cent per year from June 30 1993 to June 30 2023.

Population by State and Territory

null
▲ Source: ABS

Jobless rate down a shade


Meanwhile, the unemployment rate fell by 0.1 percentage point to 4.0 per cent in May, according to the ABS.

ABS head of labour statistics Bjorn Jarvis said that with employment rose by around 40,000 people and the number of unemployed fell by 9000.

“In April we saw more unemployed people than usual waiting to start work. Some of the fall in unemployment and rise in employment in May reflects these people starting or returning to their jobs,” Jarvis said.

“While the total number of unemployed people fell by 9000 in May, this followed a 33,000 increase in April. Unemployment was around 24,000 people more than in March, an average increase of around 12,000 people each month. 

“There are now almost 600,000 unemployed people, however, that is still nearly 110,000 fewer people than in March 2020, just before the pandemic.” 

As a result of the increase in employment and the fall in unemployment, the seasonally adjusted employment-to-population ratio remained at 64.1 per cent and the participation rate remained at 66.8 per cent. 

“The employment-to-population ratio and participation rate continue to be much higher than their pre-pandemic levels. Together with elevated levels of job vacancies, this suggests the labour market remains relatively tight, though less than in late 2022 and early 2023,” Jarvis said.




Coming events

Build-to-Rent Summit | Thursday 20 June (Melbourne)

Urbanity 2024 - Australia’s Premier Conference for Property Professionals | 30 July - 1 Aug (Gold Coast)

Are you a TUD+ member? Claim your discount by clicking here

OtherAustraliaResearch
AUTHOR
Lindsay Saunders
The Urban Developer - News Editor
More articles by this author
linkedin icon
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/abs-australia-population-2023