Population-Growth-Community

.id insight newsletter - July 2015

Hi 

↑ housing affordability + ↓ income inequality = ↑↑ economic productivity

Housing affordability and income inequality are typically considered social issues (which of course they are). If not addressed, they are diabolical for economic productivity. .id’s research shows that if housing is no longer affordable for essential workers such as teachers, nurses, cleaners and general ‘real people’, then this will have an impact on the productivity of a place because the local economy needs essential workers to function. With regard to inequality, recently published research by .id’s economic partners National Economics, aka NIEIR (State of the Regions Report 2014-15, NIEIR & ALGA) explains that there is a dire need to address income inequalities within and between Australian regions in order increase the nation’s economic productivity. The National Economics' authors conclude that, “Every year’s delay in resolving regional inequalities imposes costs of billions of dollars on the national economy by curtailing the growth potential of the regions, inflicting unnecessary economic and social costs on households.” The conclusion? Our ability to build on our economic strengths, provide a diversity of housing and reduce inequality at the local and regional level will result in the significant improvement of social and economic prosperity overall. This is why excellent local area economic and community data is so important. It’s a reminder that the purpose of our economy is to serve our society. It is interesting that achieving the social objectives of decreasing income inequality and increasing housing affordability are essential building blocks to increasing economic productivity.

FOOTNOTE: Please note that .id are proud partners with National Economics in the provision of quality regularly updated small area economic data to our clients .

 


Ivan2

Ivan

 
top 20 fastest growing suburbs in NSW

Population matters

The top 20 fastest growing suburbs in NSW

Using .id’s Small Area Forecasts (SAFi), we bring you insights to the top twenty population growth areas in New South Wales. What are the factors driving growth? How can businesses and planning authorities use the detailed information contained in the SAFi population forecasts to help them make informed decisions? 

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 Greek migrants influx

A word from our researchers

It’s all Greek to me, but where’s the influx?

The Greece debt crisis has recently sparked some concerns over out-migration of young skilled adults in particular, but will we see an influx of Greek migrants in Australia?

Read More 

 Cultural diversity

Local government

Profiling culturally diverse communities in NSW

How can you profile and visualize cultural diversity within a state? The Multicultural New South Wales profile is now available to everyone. It provides a range of information on the culturally diverse population of New South Wales. Using data from the 2011 and 2006 Census, it details key social and economic characteristics of communities living across the State.

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 New_Zealand

NZ focus

The social and economic impacts of higher education in Wellington

In the 2013 census 37.5% of the Wellington population over the age of 15 had a tertiary degree. Compare that result against Queenstown in distant second place with 22%. Auckland lies third with 21.9%. What are the social and economic impacts of a highly qualified population?

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 office_160_x_160

Inside.id

Welcome Rob Hall - urban economist

Rob Hall is an economist with more than 10 years' experience and has joined the .id team after having held senior economist positions in both the private and public sectors. 

His experience in urban economic analysis, economic modelling, demographic analysis and strategic planning provides him with an in-depth understanding of the wider economy and implications for local regions.

Rob uses this experience to provide economic advice to clients on a range of projects including economic development strategies, economic analyses and projections, cost-benefit & economic impact analysis, cluster analysis and strategic land use and transport planning. Since starting he has been flat out assisting councils apply for the National Stronger Region Fund.

Welcome on board Rob!

demographic and migration trends in art

Final word

Depicting demographic and migration trends in art

Apart from using numbers and charts, how can we visually present and tell a compelling story about demographic and migration trends? An exhibition at the Museum of Modern Art (MoMA) in New York depicts the struggles of African-Amercian migrants between 1910 and 1970. 

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