how much does the average australian save

How much does the average Australian save?

With the ever-increasing cost of living in Australia sometimes saving some extra cash can seem like quite the daunting task. Understanding what the right amount to save simply comes down to each individual’s goals in life. Personally, I’d feel anxious if I had less than $30,000 in savings. To me, it seems like the right number just in case things go wrong in life. Thankfully I am doing much better than that but the question is how do you compare and how much does the average Australian save? Well, quite surprisingly more than I initially would have guessed but the average Australian saves $427 a month or just a tad over $5,000 of savings per year.

Sounds a lot in the grand scheme of things but what on earth does $5,000 buy nowadays? Not a lot to be honest but on the brighter side of things we Australians are doing a much finer effort than anyone has done in the last 30 or so a year with saving being at its highest point since the 1980’s. As interest rates dropped from the 1970’s to the 2000’s Australians saw a major decline in savings as they opted to take the option of using someone else’s money, that pesky old credit! By the early 2000’s Australians were barely saving any cash what so ever.

When did this all turn around? Thank the good old global financial crisis of 2007 that sent everyone around the world into a perpetual motion of savings and pulling on the reigns of spending. From that time the savings rate for Australians has hovered around the 12% mark of disposable income. Even though they are busy spending their hard earned cash on avocado toasts and latte’s people between the ages of 25 and 34 are actually the best savers of any demographic. On average those within this age group save around $533 a month. This probably has a lot to do with the average age that kids move out of home is increasing as well.

It is also no surprise that the more money you earn the more you save. With those that earn in the top 20 percent save 15 percent of their disposable income, doubling the median rate of savings. So the question is how do you compare to others when it comes to savings. I know my family is a little higher than that but that’s because I am a massive tight arse and this was only learnt from the lesson of being made redundant close to 6 years ago now. The best life lesson I have gotten so far about respecting the value of money.

10 Practical Tips for Saving Money

  1. Stop buying coffee, you snob. Nescafe went to great efforts into getting to that 43rd blend. Seriously though if you buy coffee every day, you are literally spending $1500 a year on coffee, that’s mental!
  2. How far do you live from work? If you live less than 10 km’s get off your arse buy a pushy and save on the petrol, the parking and road tolls. I have saved thousands over the past couple of years by this one option.
  3. Go vegetarian and eat like someone from the third world. Whilst I am vegan for ethical reasons one of the main wins from this decision was the amount we saved on buying meat. Well if not vegetarian try meat-free days and you will save yourself at least $50 a week.
  4. If you have kids, rather than buying them new toys, join up to a toy library. For a small annual fee, you can take home, in our case 3 to 4 awesome toys a month. So when your young one gets bored and fed up with the toys you just swap them and kapow happy child!
  5. Sell some of the random shit you have around your home. Yes, you might be getting a general trend here, but I am a minimalist. Which means I hardly own anything. I don’t poo poo materialistic things, I just don’t value them. Try selling some of the crap you have lying around the house. The last time we move, we downsized and the stuff we sold paid for our move.
  6. Bring your lunch to work. Don’t buy takeaway at work. It’s such a damn waste. I have gotten my lunch down to an art form where I spend $3 a day. RIght now I spend zero as I am doing the one meal a day diet, but that’s another story.
  7. Change where you shop for groceries, if you have an Aldi near you. Shop there it will save you 20-30% on your grocery bill. Again stop being a snob and save.
  8. Throw dinner parties rather than going out. You’ll save on food and the booze.
  9. Stop drinking soft drinks or any other drink that is not water. Try it for a week drinking nothing but made at home/work coffee and water. You’re guaranteed to save a small fortune.
  10. This is not a savings tip but an earnings one. Try starting a side hustle, something a little on the side. Take for example my wife she has a part-time job, plus she sells flower crowns online at her Etsy shop and online store.

Information Resources

SMH – The average Australian’s savings: how do you compare?

Australian Grocery Prices – A Comparison

How do Australian grocery prices compare to the rest of the world?

I’ve had this idea of analysing our ‘totes awesome’ country against the rest of the world for a while.  Having done some travel over the past few years to Europe and the USA, I thought to myself, why do we rave about how great it is is this country? I mean why are Australian grocery prices, so damn expensive.  Don’t get me wrong, I do love the lifestyle one can lead here, but lets be honest, it’s not perfect and anyone who thinks that it is perfect, probably lives by that silly mantra of, ‘if you don’t love it, leave it’.  In Australia we live in such a small cocoon away from the world, having to travel hours upon hours to get to other parts of the world (and we love doing so), we sometimes forget that there is a bigger world out there.  Today I will compare the world of groceries and see what really is the difference between Australia and the rest of the world, well a couple of countries at least.  Personally I have been employed by the industry for a fair chunk of my life in the areas of Merchandising and Marketing, so I have a fair understanding of the ins and outs.

Lets start by looking at the current landscape of the Australian supermarket world.  Everyone knows that we have two dominant retailers, Coles and Woolworths, who make up a whopping 78% of the total market share.  Then we have the newest player in the market Aldi who makes up 10%.  Aldi in my opinion are an impressive story, it is amazing that in a very short time they have made such major in roads to the Grocery industry, and with their expansion from being predominantly east coast based, they are now also spreading their wing across South Australia and Western Australia.  Then of course you have the other players, such as IGA and other independent grocers, who work under a very inflexible co-operative business model.  This model unfortunately has too many levels of margin in the supply chain and by the time it hits the end consumer, pricing will continue to be more expensive in comparison to the the bigger players.

The size of the grocery market in Australia is $92B dollars and projected to grow year on year by 2.3% over the next 5 years. In 2011, Australia had 8.18 million households, but more interesting is that a quarter of these households only have one person occupying the residence. So with some simple maths it tells me that Australians spend just over $11,000 per year on groceries or $220 a week.  With the average Australian household income being $58,000 a year, this means that almost 20% of Australians income goes to buying their groceries, making the grocery industry quite an important part of the social fabric of Australia.  Not just in spend but in employment, as it also employs over 500,000 people.

We all hear amongst our family, friends and peers that our grocery prices are so expensive.  It would seem we spend a hell of a lot on our groceries, right? But how do we compare?  Until we compare we, don’t really know.  But my gut, judging from my travels, can only hypothesise, that we would be on average more expensive than most of our comparative living standard countries.

Well lets take a few examples. Firstly our ‘big brother’, the USA, the land of the free, the place where 60% of the population is currently overweight.  Food must be cheap? Firstly, their total market worth in 2013 was $620 billion.  Nearly 7 times the size of ours. Although, what is interesting, is that America’s population is 319 million people, which is  13 times the size of Australia.  So instantly you can see just from this small stat, that something seems a little out of whack! But lets break it down a little more.  They have 115 million households, which means the average household spends just over $5,000 a year on groceries, less than half of what we do, at $103 a week. But what is there average household income? Well its below Australia’s of course, but not by much.  Their average income is $51,000 a year. So in this case, they only attribute 10% of their household income to their groceries.  Post grocery expenditure, Australians sit at $47,000 a year and Americans sit at $46,000 a year.  So we are even? Hardly! So why do we pay so much more? (Oh and by the way I have not adjusted for exchange rate, over the past 4 or 5 years we have typically been around the same level, so just be aware of that.)

One more comparison for some perspective, lets go with something random like Denmark.  Why Denmark? Well it is regarded as the happiest country in world.  There has to be something good going on there, how can you be that happy when you are getting taxed on average 49%. The Danish grocery market is worth 105 billion DKK and the DKK is approximately valued at 20% of the AUD. Their population is 5.6 million with approximately 2.6 million households. So per househould they spend around 40,000 DKK ($8k AUD) or 776 DKK per week ($155 AUD).  The average Danish household income is 322,000 DKK ($64k AUD).  So their grocery expenditure as a percentage of their household income sits at just over 12%.  So again this percentage pales in comparison to what Australians spend on their groceries.

So the bigger question is why do we have such expensive groceries?  Well the first thing is clearly the market dominance of the two major players in the market have got to do something with it.  According to  Jean-Yves Huede, the former CEO of Kelloggs ANZ, believes that Australian Shoppers are probably paying about 3 percent more due to the dominance of Coles and Woolworths.  The other major cost driver, is the spread of our small population across our huge country.  The logistical and freight costs would dwarf many across the world.  Also the production costs, due to scale of our nation, these larger populations like Europe and American would have more efficient product manufacturing, scale and size plays a major factor in efficiencies. It is not surprising that in Australia, so many products are so much cheaper to import then manufacture locally.  Whilst protecting minimum wages is a great thing, it has truly impacted the manufacturing side of the grocery industry, with many of the larger companies making the decision to move their manufacturing offshore.

But is there a way we can change this? Of course there is.  We can be smarter with our purchase decisions, when it comes to our groceries. Whilst most people say they don’t have enough time to shop around, you’re going have to change that mindset.  Dedicating time to your shopping will save you, I guarantee it.  Give Aldi a go, the reality is most of their products, whilst they don’t have the everyday household brands you are used to, quite frankly from experience, most of the products simply come from the same factories of your own favourite brands.  It doesn’t take much to swap labels you know?  Shelley at Moneymummy.com.au, did her own experiment and it seems her experiment demonstrates a 28% savings, whilst some things were more expensive, overall the savings were quite evident. Her advice is to generally be aware of pricing across the market.

Other things to keep in mind is visiting your local fruit and vegetable grocers.  We are creatures of habit and the convenience of getting your fruit and vegetables from your supermarket can lead you to paying a fair bit of a premium for your fresh produce.  We found a super little grocer and whilst I haven’t done any analysis, I love the fact that I walk away with 4 bags of fresh produce typically for around $20.  The other is visiting meat wholesalers (for those of you who eat meat) because the ability to buy in bulk will save you a lot of money.  I know Coles and Woolworths will get you on their cheap mince meat, a product from memory, which I believe is in the top 5 products purchased at the supermarket, but hey, it doesn’t hurt buying your other meat from your local meat wholesaler.  Do the comparisons for yourself, you will probably be surprised.

So just think about it, just a little bit.  The Aldi experiment suggested 28% savings, even if we trim back those savings to a conservative 10%.  If the average Australian household was to save 10% off their annual grocery bill, that would be $1,100.  If it was 20% that would equate to $2,200.  So you get my drift? Dedicating a bit of extra time and ignoring all the BS advertising that the two juggernauts of the supermarket world, throw at you into convincing you to shop there, ignoring this could really save you some money. Do it, it can’t hurt can it?

australian smart phone use

How much does the average Australian use their smartphone?

The number of hours the average Australian uses their smartphone is startling but not surprising.  In a recent study conducted by Decibel Research in conjunction with Huawei shows that the average Australian  uses their phone 2.5 hours a day or 38 full days a year. In regards to genders it shows than men are also a little more attached to their phones then women, with 74% confirming they hold their phone throughout the day, where as with women it was 60%.

Not specific to Australia but research done by dscout shows that the average smart phone user touches their phone an astonishing 2,617 times every day (about twice a minute). Amazingly those in the top 10% on average touched their phone 5,400 times a day.

Key findings of report: Australian Smartphone use

  • Average Australian uses their phone 2.5 hours a day
  • 70% confess to storing embarrassing information on their smartphones
  • 10% admit they have used their phone during bedroom time with their partners
  • 60% of Australians under the age of 30 admit to taking selfies to check themselves out
  • 46% uses their phone to monitor their fitness routines and goal achievement
  • 74% of men hold their phone all day compared to 60% of women
  • 52% of consumer are currently satisfied with their smartphone
  • 42% of users describe the battery life as being a key concern when selecting a new phone
  • Camera quality is more important to women than men when selecting a new smartphone

The bigger question is whether Australians are addicted to their smartphones?

Well it all depends on how you define addiction, in this case does smartphone use become compulsive and interfere with ordinary life responses such as work and relationships. Well to an extent an excess amount can interfere in your life, take for example in the UK where it was recently reported that smartphone use is having detrimental effects on many relationships. A recent study indicated that 75% of women believed that smartphones were ruining their relationships. In another study it showed that people were overly dependent on their smart devices and were less satisfied with their relationship because of it.

For parents, the over use of smartphones can play a major part of how children consider their importance as Psychologist Catherine Steiner-Adair states; “We are behaving in ways that certainly tell children they don’t matter, they’re not interesting to us, they’re not as compelling as anybody, anything, any ping that may interrupt our time with them”. Simply put our children are playing second fiddle to our devices and your children should be your priority not your Facebook feed (well that’s what I decided).

Another area where smartphones are impacting our lives is at the workplace, with this increased usage and many who suffer from nomophobia, the continuous urge to constantly check their phones, it has to be making an impact. These distractions not only reduce productivity but also increase the employees stress levels. Many businesses are now implementing phone policies to curb the use of smartphones in the work place.

The main area of concern when it comes to smartphone addiction is the inappropriate use of phones while driving a vehicle. In Australia the use of smartphones accounts for 22% of car accidents and a mind blowing 77% of accidents involving trucks. A study conducted in 2011 by the government shows that nearly 60% of drivers continue to use their phones while driving, even though it is illegal and has severe fines when caught.

So it would be safe to say that we may have a bit of a problem when it comes to the use of smartphones, is it an addiction or is just the way the world is evolving? Which ever it is, it seems that we as individuals need to be aware of how the over use of this technology is impacting out lives. Personally at the start of 2017 I decided to curb my use and to do this i decided to stop using Facebook. I felt Facebook was consuming way too much of my time and becoming far too much of a distraction. I can say a month on from ending my ‘somewhat’ addiction to Facebook (a major part of my phone use) I feel so much better. I no longer feel the need to check my phone, I feel less stressed from all the bullshit I used to read online and best of all, it has made make more time for my family.

 

 


Information Resources

Gizmodo – One In Ten Aussies Admit To Checking Their Phone During Sex

Business Insider – Research shows we touch our cell phones 2,617 times per day

dscout – Putting a Finger on Our Phone Obsession

Lifehacker – 10 Revealing Facts About Aussies And Their Smartphones

Psychology Today – Addiction

average australian life expectancy

What is the average Australian life expectancy

The average Australian life expectancy is currently at an all time high. Today’s newborns are expected to live longer than any other Australians, with girls expected age now 84.5 up from 80.4 and boys 83.3 up from 78.5 compared to a decade ago.  Life expectancy is not an arbitrary figure though, many factors come into play to how long you’re expected to live, the obvious one being your health and lifestyle. Interestingly though, whilst the average life expectancy has been growing year on year, the number of deaths in 2014 grew by 4%, which is also the largest total on record, but this may also have something to do with our ever growing population as well as our ageing population.

How is the average Australian life expectancy calculated?

The statistical method of calculating a persons life expectancy is using a tool called the life table. This table is created from peoples current age and gender and the mortality rate of this population. The values that are derived from this statistical analysis gives  the likelihood of someone at a specific age dying before their upcoming birthday. These are all based on  death patterns within the current population you live among. The ABS produces up to date Life Tables on a regular basis and are based on the previous 3 years of data in an effort to exclude variability in mortality rates on a year to year basis.

The average indigenous Australian life expectancy

There is an obvious gap in life expectancy between indigenous Australians and the rest of the population and this has garnered plenty of attention over the past couple of decades as a national issue. The average indigenous life expectancy is 9.5 years lowers for girls and 10.6 years lower for boys.

While this number still indicates a major gap in life expectancy, there has been massive effort in bridging this life expectancy gap and the grounds that have been made over the past few decades has been amazing. With programs and funding continuously being put towards the indigenous people of Australia, this has seen the gap decrease, but there is still plenty of work to do.

The average life expectancy compared to the rest of the world

Their is no wonder why Australia is recognised as one of the lucky countries, with our amazing health care system and our extremely great lifestyle, there is no surprise that we are the 4th highest ranked nation for life expectancy. The only countries ahead of us are Japan, Switzerland, and Singapore. With Spain, Iceland, Italy and Israel being below us. The country with the lowest life expectancy is Sierra Leone with a staggering 50.1 years of age being their average. To view a full table visit Wikipedia.


Information Resources

SMH: Australian life expectancy hits all-time high

AIHW: Life Expectancy

Business Insider: Australians are now No. 7 in the world when it comes to life expectancy

Wikipedia: List of countries by life expectancy

average australian listen audio

How long does the average Australian listen to Audio each day?

Pandora recently commissioned a study into how long does the average Australian listen to audio each day.  It shows that the average Australian listens to 3.4 hours a day of audio. This is first time independent “Share of Listening – Australia” study and it was conducted by Vision Critical.  It looked at the full spectrum of listening habits from traditional radio to streaming audio. The study interviewed 1,974 Australians aged between 14 and 69.  It had a total of 7,592 listening sessions over a 7 day period with just over 400,000 minutes of listening in total.

Key Insights:

  • Australians still listen to traditional radio quite heavily, with a 52% share of listening.
  • Listening to streaming audio was 11% of share of listening, but this is just in a 3 year span.
  • Listening to owned music was just 16%.
  • The demographic group of 14 to 39 years old listens to streamed audio throughout the day.
  • The demographic group of 40 to 69 years old is skewed to listening to the radio on their morning commute.
  • According to this study Pandora is the most streamed brand for an average listening time.
  • Ten percent of Pandora listening occasions were greater than three hours.  It was just 5% for other streaming services.
  • Traditional radio’s peak listening time continues to be in the morning.
  • Streaming listening habits tend to be more consistent throughout the day, with its peak at night.

What does this all mean?

Streaming is being highly adopted by the younger generation.  This listening habit is considered to be incremental, as radio content wasn’t a common occurrence among this age group. As Pandora’s director of business development Rick Gleave puts it “Whilst traditional radio still commands a large reach, the advent and uptake of music streaming is delivering incremental audiences for advertisers. The research found that one in three millennials do not listen to traditional radio in a given week. It’s a compelling look at current listening habits”.

We know that the subscription rates to streaming services such as Spotify and Pandora have increased year on year since their inception.  This is predicted to continue well into the future. In the United States streaming has now overtaken listening to owned music for the first time.  This is a trend we are likely to see here in Australia as owned digital audio and physical audio sales continue to fall. The paid monthly streaming subscription model is one which is clearly cost effective compared  to owned music. With such low barriers to affordability, no wonder why the uptake of such technology has been so rapid.

 

Information Resources:

B&T: Australians Spend 3.4 Hours Each Day Listening To Audio: ‘Share Of Listening’ Study

Media Week: Research reports Australians listen to 3.4 hours of audio daily

Mumbrella: Audio streaming on the rise with key advertising demographics, new study finds

average australian internet speed

The Average Australian Internet Download Speed | Compared to rest of the world

With the release of the latest Akamai State of the Internet report, it comes as little surprise how poor the average Australian Internet Speed is. The average national internet connection speed comes in at 9.6Mbps, putting the countries average speed in 50th position compared to the rest of the world. Many seem shocked and surprised by this low speed but what is more alarming is that nearly a quarter of Australians still have an internet speed below 4Mbps. This speed growth does equate to 23% year on year, but seems to be lagging behind our countries neighbours, such as South Korea, who in number one position has an average speed of 26.3 Mbps with a growth of 28% versus last year.

The scariest part of all of this is that the planned completion of the NBN, the end of 2020 is still 4 years away and many argue that the technology being rolled out is and will definitely be redundant by this completion date. While many are thankful for the availability of the NBN in their area, having become used to such poor download speeds makes the upgrade to a redundant NBN seem like a breath of fresh air.

How does the average Australian Internet speed compare to the rest of the word

If we look at the speed of our neighbours New Zealand, they are a tad ahead of us at 11.3 Mbps but we are in common company with countries such as France who have a similar economy to Australia also at a measly speed of 9. Mbps. What is even more embarrassing about this speed is that we actually sit behind developing nations such as Thailand (11.7 Mbps) and Kenya (11Mbps). Many argue our large nations spread of population makes it harder for us to provide the infrastructure required in this day and age, it is to an extent a valid point. The only problem is that it wasn’t the spread of the nation that lead us to this redundant technology but the politicising of it at the federal election in 2013.

The current Top 10 World Internet Speeds(Mbps)

  1. South Korea – 26.3
  2. Hong Kong – 20.1
  3. Norway – 20.0
  4. Sweden – 19.7
  5. Switzerland – 18.4
  6. Singapore – 18.2
  7. Japan – 18.0
  8. Finland – 17.6
  9. Netherlands – 17.3
  10. Latvia – 16.9

Information Resources

Akamai – State of the Internet – Dec 2016

 

average australian wage

What is the Average Australian Wage

The average Australian wage according to the Australian Bureau of Statistics (ABS) as of May 2016 is $78,832 per year. One thing to keep in mind when looking at this average is that it doesn’t include those whose sole income comes from government assistance or payments. This average income has increased by 2% over the past 12 months, which is nearly half the average growth over the past 10 years. When this is adjusted for overtime and bonuses, the average Australian salary is $81,947. So that makes the average hourly Australian wage $42.02 an hour based on a 37.5 hour work week. The average salary in Australia per month is $6,829.

As a nation we have quite a varied average wage by state, where for example the average wage in Tasmania is $69,477 versus the Australian Capital Territory which is $89,846. The state breakup can be seen below:

Average Wage by State

StateAverage Annual Wage
ACT$89,846
New South Wales$80,132
Northern Territory$81,624
Queensland$75,936
South Australia$73,757
Tasmania$69,477
Victoria$75,634
Western Australia$88,327

The average Australian wage by gender:

One of the most political and topical subjects when it comes to average wages is the discrepancy between men and women. The average full-time wage for a woman is $70,392, where as the average full-time wage for a man is $83,902. It has been propagated that these pure numbers show exactly that there is a wage gap between men and women. The typical line about the wage gap is that women earn 77 cents to every mans dollar. This is an over simplistic way of looking at the differences in wages and without considering many over arching socio-economic factors.

Take for example one study which collected data over the previous six years which showed that the salary for young women without children in large cities were on a higher salary than men of the same age group. Although this trend did not remain consistent as you moved away from city centres and does change as women get into their thirties. The correlation here can also be associated to the amount of women who at that stage of life decide to have children. Another major factor in this wage gap is the average pay by the type of job, which can see jobs such as in mining being paid fifty thousand dollars more than the average wage. Jobs which are dominated by men. This average pay by job type can be seen below.

No doubt there is still a huge discrepancy in regards to women holding political, leadership and executive positions. There is also a great push and initiatives to help women who have the ambition of getting to such positions in place. The hope is that such change will happen in due time. Other areas which should help and assist this happening was to allow the primary carer of a child to be the male, that if the man chooses to be the carer of the child that they should also be eligible for the same work entitlements and pay as women receive when choosing to take time off to raise children.

The average salary in Australia by profession?

As mentioned previously the discrepancies in average salary by profession is quite disparate. Also as mentioned in the previous point in regards to the gender gap, industries which have gender biases play a part in the average wages of the genders. The two lowest Retails trade and Accommodation Services are the two of the highest number of employed people and are also the lowest paid. Both these industries are have a clear bias to female employment. The below table displays by industry how many people they employ and the average wage of the that industry.

IndustryEmploys ('000)Average Wage
Mining277.2139303
Manufacturing943.772332
Electricity, Gas, Water and Waste Services15694396
Construction1024.478957
Wholesale Trade403.577241
Retail Trade1261.458640
Accommodation and Food Services778.156113
Transport, Postal and Warehousing590.682805
Information Media and Telecommunications192.196652
Financial and Insurance Services414.897235
Rental, Hiring and Real Estate Services195.972394
Professional, Scientific and Technical Services884.392482
Administrative and Support Services390.167642
Public Administration and Safety763.585202
Education and Training907.7899500
Health Care and Social Assistance1416.584183
Arts and Recreation Services209.173148
Other Services471.964704

How does the average Australian wage compare to the rest of the world?

Australia is regarded as one of the lucky countries and rightly so. According to the Davos 2014 calculator, Australias average wage is 3 times higher than the worlds average annual wage (a touch below $18,ooo USD). Our average wage is 23 times higher than a teach in Ethiopia, 10 times higher than a Cleaner in Thailand and 6 times higher than a driver in South Africa.

We are the 6th highest ranked in annual wages in the OECD nations with the following nations ahead of us:

  • Netherlands
  • Norway
  • Switzerland
  • United States
  • Luxembourg

Where Australia does stand out is our minimum wage, which is currently $17.70 per hour. In comparison to some similar economies, we are strides ahead. Below is a list of nations and their minimum hourly wage (in AUD):

  • United Kingdom $14.66
  • New Zealand $14.22
  • France $14.98
  • Germany $13.17
  • Canada $10.47-$13.81
  • United States $10.08
  • Japan $10.01

Average income in Australia by age

It has been revealed in the latest census of 2017 how much people earn by different age brackets. The average salary in Australia by age is as follows:

  • Late teens (aged between 18 and 20years old) – $1,850 per month
  • Early twenties (aged between 21 and 24 years old) – $3,027 per month
  • Mid twenties to early thirties (aged between 25 and 24years old) – $4,773 per month
  • Mid thirties to early forties (aged between 35 and 44years old) – $5,912 per month
  • Mid forties to early fifties (aged between 45 and 54 years old) -$5,928 per month
  • Mid fifties to early sixties (aged between 55 and 64 years old) – $5,286 per month

So it would seem by these number you hits your maximum earning capabilities typically between 35 and 55 years old and if you haven’t done so by then well chances are you’re going to continue dwindling in the shadows.

What is considered high income in Australia

As mentioned above the average salary per year in Australia sits at aroun $78k per year. Of course the average accounts for people earning a lot more than that so the average Aussie does not earn that wage, in fact almost 70% of Australians earn less than the average wage. But what is considered to be a high wage? You’re wondering who are these people buying $2-$3 million properties and driving around Maserati’s?

Well, the truth be told to be one of the elites in Australia and be considered to be a high-income earner you need to be earning a bucket load. To be considered a high-income earner in Australia you are most likely earning over $200,000 a year. Here is the weirdest part though, in a recent poll done by Ipsos Australia, the Australia Today Report, nearly two-thirds of high-income owners over this $200k mark think otherwise. Most people in this bracket still consider themselves to be middle-class all the way to working class. Give it a spell! These people need a reality check or they need to stop buying jet skis they don’t need.

How much does a doctor earn in Australia?

Doctors in Australia earn anywhere between $200,000 to $300,000 per year. This is a much higher average salary than most non-medical based professionals. A GP on average typically earns more than the likes of lawyers and architects and engineers. The amount that a Doctor gets paid has many factors including their length of service and where the GP’s practice is located. A doctor in the CBD of major cities will definitely be paid more than a doctor based in a regional town.


Information resources:

ABS: Average Weekly Earnings, Australia, May 2016

Living in Australia: Average Salary Australia

ABC: Do young, childless women earn more than men?

Parliament of Australia: Snapshot of employment by industry, 2012 to 2013

CNN: Davos 2014

ABC: Minimum wage: How does Australia compare to other countries?

AVERARAGE AUSTRALIAN MALE HEIGHT

The Average Australian Male Height

The average Australian male height is 175.6 cm (5’8′) for those aged over the age of 18. As a nation the average male height has grown over the last 17 years. Since 1995 the increase in average height for a man has been 0.8 cm’s. One interesting point, when we get older we shrink in size. I’m still waiting on the latest ABS studies to find out the average height of men in the latest 2017 survey.

Whilst this may not be news to many, the amount that we shrink in size is quite amazing.  The average male height over the age of 75 is 169.7 cm’s, a whopping 8.1 cm’s shorter than the average height of those ages between 18-24 years of age. That  is a reduction of 5% of our height over a 50 year period.

What factors influence the average Australian male height?

When it comes down to it, the most influential factor when it comes to your height is simply our genes. How much do genes play a part? A massive part, 90% will come down to basically how tall your family background is. There are factors such as malnutrition and getting extremely ill during your development years that can negate your growth but most of the time, if you’re feeling inadequate in size, you can blame your parents for that.

How does the average Australian male height compare to around the world?

The disparity of average heights around the world are quite interesting. The tallest humans on the world today are considered to be the Nilotic people of Sudan. Men within many of their communities have an astounding average height of 190 cm’s (6’3). Where as the shortest men in the world are from our neighbours in Indonesia with an average height of 158 cm’s (5’2). Nations which have a similar average height to Australia are:

  • Scotland – 175 cm
  • Canada – 175.1 cm
  • Bulgaria – 175.2 cm
  • Malta – 175.2 cm
  • Spain – 175.3 cm
  • United Kingdom – 175.3 cm
  • Germany – 175.4 cm
  • Switzerland – 175.4 cm
  • France – 175.6 cm
  • United States 175.7 cm

How tall do women want their men to be?

The ideal height for a man for most women is 5’11”. Any shorter than 5’3″ is way too short and that’s already fairly short for a bloke. On the tall side, anything over the height of 6’3″ is considered to tall. Whilst there are a whole bunch of liars out there and 10% of both men and women say that there is no such things as too tall, while 4% of women and 7% of men say there is no such things as a partner who is to short.

How does your height impact your life?

There are several things that your height can influence life as a man. Most of this list concentrates on the advantages of being tall because well, there doesn’t seem to be much advantage to being a short man. The fact is, short men can be treated unfairly because of their height, which can explain the final point on this list.

  • First and foremost there is attraction of partners.  It’s been noted that women find taller men more attractive. But just like men’s expectations they are unrealistic, it’s basic supply and demand.
  • If you are thinking about a sporting career, typically, taller people are elite athletes in sports such as Tennis, Basketball and Football.
  • You typically need to be over 5’11 if you want to be a model.
  • Tall people apparently have a greater spatial awareness.
  • Being taller can allow you to have a better job and increase your average earnings.
  • The shorter you are, the more likely you are to commit violent crime. For every 10 cm’s of height reduces risk of committing a crime by 7%.

Why do we shrink in height the older we get?

The major reason to losing height as we age is due to the discs between our vertebrae in our spine become dehydrated and then they compress. As we get older our spines can also become curved and our vertebrae can also collapse due to the reduction in bone density. This loss of bone density is know as osteoporosis. The other major factor to becoming shorter is the loss of muscle in our torso area leading to our posture becoming stooped. Lastly even the the flattening of our feet can also lead us to become shorter.

 


Information Resources

ABS: Profiles of Health, Australia, 2011-13

The Conversation: You’re not Barbie and I’m not GI Joe, so what is a normal body?

Business Insider: Here’s what the ‘ideal’ body for men and women looks like

Mamamia: The long and the short of it: tall men are sexier.

Business Insider: Female Standards Of Male Attractiveness Are Way Unrealistic

Herald Sun: Size matters at AFL level

All My Friends are Models: GUYS, SIZE REALLY DOES MATTER

NCBI: Are inequalities in height narrowing? Comparing effects of social class on height in two generations

NCBI: Association of height and violent criminality: results from a Swedish total population study.

Wikipedia: List of average human height worldwide

Disabled World: Height Chart of Men and Women in Different Countries

average australian house size

The Average Australian House Size in m2 2017

The average Australian house size for newly built premises has gone through some fluctuations over the last 15 years or so. In 2001 the average new home was 197 m2 (metres squared) and by 2009 this size had risen to 222 m2 (metres squared). Then the GFC hit and this impacted the size of homes built and this caused a contraction in size as it dropped to 214 m2 (metres squared) . Since the recovery of the GFC we have seen yet again a further increase in size of new houses. The most current information shows that average Australian home size is now a soaring 241 m2 (metres squared) . When the data is available for 2017 I will update the figures accordingly

According to the Australian Bureau of Statistics the average Australian lives in a free standing home with three bedrooms. There are parts of Australia where the houses on average are bigger. The below suburbs have a high percentage of 5 bedrooms or more:

  • O’Malley – ACT – 41%
  • Denham Court – NSW – 35%
  • Middle Dural – NSW – 34%
  • Stretton – QLD – 33%
  • Chandler – QLD – 32%

The Ideal Home vs The Average House Size in Australia

Whilst I’ve already stated the average house size in Australia, this is somewhat different to what people see as their ‘ideal’ home. A recent analysis done by REA which looked at more than 28,000 listings on their website in early 2016, brings light to the ‘ideal’ Australia home.

So what did this analysis reveal? Australians love big homes. The configuration of this ideal home is four bedrooms and two bathrooms. To accompany these large houses they should be equipped with a double lock up garage.

This study also showed what people wanted from their location of the ideal house. It showed that people were willing to pay up to $100,000 extra for their dream home and that it would ideally be close to:

  • Public Transport
  • The beach
  • The Shops
  • Schools

This study also makes the correlation that most people are unsatisfied with their current house location. The ABS data indicates that nearly half Australians (43.6%) believe that their homes are not large enough. While only 5% believe their homes are too big for their requirements.

Average Bedroom Size In Australia

ABS data shows that the average Australian home comprises of three bedroom and the average land block size according to the National Land Survey is 474 sqm (square metres).

But how big are the these bedrooms:

  • Master bedroom – average size and dimension of these rooms would typically be 4.2 metres by 3.9 metres so just a touch over 16 sqm.
  • Other bedrooms – for other room the typical size of a bedroom is around 3 metres by 3.6 metres  or 10.8 square metres.

In saying that the minimum size for a bedroom should be built to is 1.7 metres by 2.4 metres as this will be enough room to fit in a conventional queen size bed unit.

But how do we compare to the rest of the world?

Australia’s current average house size of 241 sq metres for new houses built, is amazingly the largest in the world. With our vast open suburban sprawl, it allows such ridiculously large houses to be built. Trailing behind us is:

  • USA – 222 sq metres
  • Canada – 181 sq metres
  • Denmark 137 sq metres

On the flip side for the thirst for Australia’s big houses is Hong Kong, who are currently going through a ‘micro apartments’ boom. These tiny apartments have a total floor space of around 26 sq metres.

Questions and implications?

Australia is considered one of the ‘lucky’ countries, this is clearly evident by the average Australian house size. It has boundless opportunities and we live and extremely privileged life in comparison to a majority of the world. But as a nation we are also extremely inefficient when it comes to resource use, especially when it comes to the use of energy and the reliance of fossil fuels to power our Mc-Mansions. A question we all should ask is whether this is a sustainable practice?

It seems rather logical but the smaller the home, the smaller the carbon footprint. Not only is there the energy use of homes once built but there is also the carbon footprint of the construction and the materials used. I’m not suggesting that we swing around and become the next Hong Kong with their micro apartments, but are we being considered global citizens living in this perpetual want to have bigger and bigger homes? I don’t think so.

While we have continued regulations in regards to building highly efficient homes, is it enough of an action to counter act the sheer amount of energy use such large premises command? With the continued reliance on Government action to make change so that we as a nation reduce our carbon footprint, maybe its time that more people start taking a little more personal accountability. I know I definitely like to walk the talk and am trying todo what I personally can through my own actions.

Take a look at my guide 100 ways to reduce your carbon footprint (in production) for some ideas that can hopefully help you become a better global citizen.

If you want to get a better understanding of your carbon footprint, please visit The Australian Greenhouse Calculator (AGC) which helps you explore how your lifestyle contributes to greenhouse gas emissions.

 

Information resources:

REA: What does Australia’s ideal house look like 

ABS: The ‘Average’ Australian

ABC: Australian homes still the biggest: reportInformation sources

Homes to Love: House sizes: How does Australia compare?