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The number of dwellings in Phillip Island Balance is forecast to grow from 4,366 in 2016 to 4,755 in 2031, with the average household size falling from 2.27 to 2.14 by 2031.
This summary shows the results of the forecasts for population, households and dwellings in Phillip Island Balance. The period 2016 to 2026, as the short to medium term, is likely to be the most accurate and useful forecast information for immediate planning purposes.
It is important to look at the relationship between population and average household size. If the average household size is falling, then there will need to be growth in the number of households (and dwellings for them to live in) to maintain or grow the population.
|Forecast population, households and dwellings|
|Phillip Island Balance||Forecast year|
|Change in population (5yrs)||--||-16||-9||148||192|
|Average annual change||--||-0.08%||-0.04%||0.69%||0.87%|
|Average household size||2.27||2.21||2.17||2.14||2.14|
|Population in non private dwellings||0||0||0||0||0|
|Dwelling occupancy rate||42.65||42.15||41.65||42.78||43.99|
In 2016, the total population of Phillip Island Balance was estimated to be 4,234 people. It is expected to increase by over 123 people to 4,357 by 2026, at an average annual growth rate of 0.29%. This is based on an increase of over 172 households during the period, with the average number of persons per household falling from 2.27 to 2.14 by 2026.
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