The numbers never lie

The study of demographics fascinates me. I like that numbers about people determine with some reasonable accuracy what will take place in coming years in commerce and in our society. It amazes me that government and business leaders seem sometimes to do so little, or so much, without regard to demographics.

Figures just released show the population of Australia topped 22.5 million at the end of March 2011. Your view for a big or small Australia will determine how you react to that statistic. I am for a big Australia. We need more people to pay tax to support our aging society and high standard of living.

Interestingly, the growth figure (made up of 54 % net migration and 46% births over deaths) was the lowest in five years. The politics of immigration is speaking to us in the numbers.

As every property market in Australia tanks (except for Sydney – holding on only because of a slack performance in recent years and ridiculous planning laws), less buyers will affect values. We should be careful what we wish for.

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