The Census usual resident population of Australia in 2021 was 25,422,797, living in 10,874,835 dwellings with an average household size of 2.52. This page provides the three population counts for Australia at the last Census, with comparisons to previous Census years for the Census counts only.
Key statistics
66% of Australian households owned their own home with or without a mortgage. 31% of households rented their home. Average weekly housing costs were: $493 for owners with a mortgage; $54 for owners without a mortgage; and $379 for renters.
There are currently around 10.3 million properties in Australia and of these 6 million have mortgages against them.
The total fertility rate, a measure that gives the average number of children an Australian woman would have during her lifetime should she experience the age-specific fertility rates present at the time was 1.7 births per woman in 2021. This was up from the 1.59 for 2020, the lowest total fertility rate ever reported.
The average number of people living in each household has declined from around 2.9 in the mid-1980s to around 2.5 since the early 2000s. More recently, the AHS declined to historical lows of a little below 2.5 people per household.
In 2022, there were an average of 3 people in a family, unchanged from 2021. Census Bureau.
Here's how many properties investors hold in Australia: 5% of investors hold 1 investment property. 18% of investors hold 2 investment properties. 7% of investors hold 3, 4, or 5 investment properties.
There are only 45,162 (0.19%) people with four properties; 18,863 (0.07%) people with five properties and 19,967 (0.08%) with six or more properties. This means that there are less than 100,000 people Australia wide with four or more investment properties. A very rare club indeed!
So 72.8% of that 1.7 million people own just one house and 5.75% of the Australian population own just one investment property. 18% of investors and 1.42% of the Australian population owned two properties. 5.5% of investors or 0.43% of Australians owned three properties.
Assuming that the average mortgage age in Australia starts somewhere between 25 and 34 years, then to work out the average age to pay off a mortgage in Australia, you just need to add a 25 to a 30-year term. This would make the average age to pay off a mortgage in Australia between 50 and 64 years.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
The average annual salary in Australia is $68,900 and $35.30 per hour. It is just the average salary for basic workers but skilled and experienced workers also earn around $108,980 annually. The average salary also varies depending on the field of work and the job role of workers.
88% of respondents already own an investment property and 45% owned 3 or more properties. In fact 5% say they own 10 or more properties.
Australia's largest private landowners, pastoralists Donny and Colleen Costello, have expanded their cattle station empire to more than 9.2 million hectares, after acquiring Mount Doreen Station in the Northern Territory for $70 million.
The 2021 Census reveals that 10.1 per cent (1,043,776 homes) of Australia's 10,318,997 private dwellings were unoccupied on the night of the Census.
21% of our clients own two investment properties, and that's more than the Australian average. Almost 10% of our clients own three investment properties, which is again higher than the Australian average. 6% of our clients own four investment properties. 3% of our clients own five investment properties.
In most instances, a single chamber is unlikely to be able to act as an effective restraint as the majority of its members will be representatives of the government party who vote as the government dictates. A second chamber with broadly equal powers to the first provides a more effective check on government conduct.
What proportion of property sales in Australia are to international buyers? Foreign buyers only account for 4.6 per cent of the Aussie property market transactions.
19% of recent homebuyers own multiple properties: Survey.
In conclusion, you will need to own your own home plus at least three debt-free rental properties to have a modest retirement. Beyond that point, each additional property will add to your comfort and when you have six or more rental properties you can start breathing easily.
The Average Landlord Has Three Properties
On average, landlords have three properties to their name. The value of those properties isn't necessarily through the roof: 40% of landlords own less than $200,000 worth of property, and an additional 30% fall in the $200,000-$400,000 range.
Grow your family to at least four children! According to a study out of Australia's Edith Cowan University, parents with the most life satisfaction (which means those who are the happiest) are those that have four or more children.
Since having five or more kids is generally the cutoff point for being considered a “large” family, here are all the ways your parenting will change once you hit that pivotal plus-five milestone.
Despite the growing trends mentioned above, two children still seems to the ideal number. An actual study revealed one to two children is the ideal number for “happiness”, but with two you don't have to deal with the aforementioned only child issues.
Age Groups & Homeownership
Homeownership rates double between the ages of 25 and 29, and 70 and older are the most likely to be homeowners. The average homeowner is 56 years old. 23.4% of homeowners are between 55 and 64 years old.