Economic and demographic context: Australia: 2020/2021 and 2024
| Indicator | 2020/2021 | 2024 |
|---|---|---|
| Population growth rate | 0.5% | 2.1% |
| Population size | 25.7 million | 27.2 million |
| Median age | 37.9 years | 38.3 years |
| Share of population aged 65+ | 16% | 17% |
| Average weekly income | $1,713.90 | $1,923.40 |
| Wage growth | 1.4% | 3.2% |
| RBA cash rate | 0.10% | 4.35% |
| Consumer sentiment index | 75.6 | 92.8 |
| Online retail share of total retail | 11–13% | 10–12% |
| Indicator | 2020/2021 | 2024 |
|---|---|---|
| Population growth rate | 0.5% | 2.1% |
| Population size | 25.7 million | 27.2 million |
| Median age | 37.9 years | 38.3 years |
| Share of population aged 65+ | 16% | 17% |
| Average weekly income | $1,713.90 | $1,923.40 |
| Wage growth | 1.4% | 3.2% |
| RBA cash rate | 0.10% | 4.35% |
| Consumer sentiment index | 75.6 | 92.8 |
| Online retail share of total retail | 11–13% | 10–12% |
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