US EditionWA ‘Doing the Heavy Lifting’ in Australia’s Baby Recession Recovery
- The birth rate in Newcastle and the Hunter Valley increased by 4.6 percent in 2024, as reported by KPMG.
- KPMG attributed declining birth rates to economic pressures, with a significant drop of 5.1 percent from 2022 to 2023.
- Australia's overall fertility rate is currently 1.5 babies per woman, below the 2.1 needed for stability, according to KPMG.
- Terry Rawnsley from KPMG noted that strong birth rates were observed outside of major cities, linked to COVID-related migrations.
- The total birth rate could reach 300,000 this year, which is still below the 350,000 needed to maintain the current lifestyle, as mentioned in the KPMG report.
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ThePatriotLight - Birth Rate in Major Australian Cities Slump, While Regions Thrive
ThePatriotLight - Ground Picture/ShutterstockWhile birth rates have slowly started bouncing back across Australia, new analysis shows big cities are lagging in baby numbers.Consultancy firm KPMG says that despite some improvements, cost of living pressures are deterring many Australians from having families or causing them to start later in life.Birth Rate in Major Australian Cities Slump, While Regions Thrive
Newcastle Herald
'Baby bounce-back': Newcastle/Hunter leading the country in having babies
'Baby bounce back' in Newcastle and Hunter Valley with birth rates up by 4.6% after families moved in the COVID pandemic amid rising metro costs, KPMG says.
Australia is now at a turning point and faces a reality in which the number of deaths exceeds that of births, which could lead to a “human catastrophe”, an analysis shows. A new data study from the financial firm KPMG shows that, while the number of births increased by 2024 compared to 2023, it remains dangerously low, even below pre-Pandemic levels.
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