This interactive data visualisation explores the relationship between Australia's demographic diversity and key economic indicators such as house prices, inflation rates, and minimum wage over time. By examining these factors together, this aims to provide insights into how Australia's multicultural population intersects with economic affordability and stability. In this visualisation, diversity refers to the proportion of residents born overseas, while affordability is assessed through key economic indicators such as median house prices and income levels.
Australia is known for its multicultural society, with a significant proportion of its population being born overseas. The proportion of residents born in North-West Europe peaked at 13.9% in 2001 in WA, and has been declining since then across all states.
Use the slider and the dropdown menu to explore the proportion of residents who are born in different regions of the world in each state.
Sydney has consistently had the highest median house prices among Australian capital cities. In 2024, Sydney's median house price reached approximately $1.46 million.
Hobart has experienced the most significant increase in median house prices over the past decade, rising from around $357,000 in 2014 to approximately $710,000 in 2024.
Use the slider to explore median house prices across Australian capital cities over time.
During the 1980s, inflation rates across Australia was at its highest, peaking at 13.1% in 1982 in Sydney. In recent years, inflation rates have been relatively low, with occasional spikes. For instance, in 2022, Australia experienced a significant increase in inflation, reaching 7.8%, the highest in nearly three decades.
Use the dropdown menu to explore the annual inflation rates in Australia and all the capital cities over time.
The minimum wage in Australia has steadily increased over the past couple decades. Some key points are included in the graph.
Both diversity and the number of years of minimum wage to buy a house costing the median price have been increasing over time across all states. The number of years peaked at 33.9 years in NSW in 2021.
Use the slider and observe how changes in economic factors correspond with shifts in demographic diversity over time across states. On the right-hand side you can view the rankings of each state for the selected year.
For simplicity, each state is represented by data from its capital city. For example, the inflation rate for NSW is represented by the inflation rate in Sydney.
Additionally, it is important to note that correlation does not imply causation. While this visualisation allows for the exploration of potential relationships between demographic diversity and economic indicators, it does not establish direct causal links between these factors.
This slope chart illustrates the changes in median house prices, inflation rates, minimum wage, and the proportion of residents born overseas in Australia from 2001 to 2021. Each line represents a different variable, showing how they have evolved over two decades. 1.0 indicates no change, values above 1.0 indicate an increase, and values below 1.0 indicate a decrease.
Use the brush filter to select an area to closely view the changes in these variables. This will be helpful when viewing data for WA and NT.