Young, female and living in the city: the face of Australia in 2024
As planners consider the future of our cities and regional centres, clear patterns are emerging of where people of all ages and sexes choose to live
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Our cities are home to more women than men and there are more younger people choosing the capitals over regional areas, new data from the Australian Bureau of Statistics has shown.
The Regional Population by Age and Sex Report revealed Darwin was the capital with the lowest median age at 34.6 years, as well as being the only capital with a higher proportion of males to females.
Once known as the city of churches, Adelaide had the oldest population by median age at 39.2 years. The breakdown by town or suburb is even more revealing, with Acton and Duntroon in the ACT recording the lowest median age at 20.8 years and 21.8 years respectively. One area is popular with university students while the other is home to a high number of military personnel.
At the other end of the scale, the retirement hotspots of Tea Gardens-Hawks Nest in NSW (66.2 years), Bribie Island (63.6 years) and Cooloola (62.4 years) in Queensland and Point Lonsdale-Queenscliff (62.2 years) in Victoria had the highest median ages in the country.
Higher median ages were also reflected in the male to female ratios, with women’s higher life expectancy resulting in more women relative to men in some areas. In the Sydney suburb of Woollahra, there were 80.9 males to every 100 females and in Mornington West in Melbourne, there were 82.4 males to every 100 females.
Areas with extremely high proportions of males to females were either mining communities (274.2 males per 100 females in East Pilbara), male correctional facilities (278.1 males per 100 females in Wacol near Brisbane) or military training centres (227.0 males per 100 females at Duntroon in the ACT).
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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.
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The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.
Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.
“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”
Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”
“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”
Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.
Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.
Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.
The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.
Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.
“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”
Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.
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