Australia’s population expanded by 315,952 people over the year to March 2015 to 23,714,272 people.
Overall, Australia’s population growth rate eased from 1.44 per cent to a 9-year low of 1.35 per cent.
Australia’s population grew by just 93,942 people over the March quarter– the smallest quarterly March quarter increase for nine years.
A total of 173,000 people migrated to Australia over year to March, the lowest since the year to December 2010.
There were 298,400 babies born in the past year, down from the record 312,200 births in the year to December 2013. But deaths (155,500) were at a record high.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
