APN Codex Node 21440 21400 — Demographic Analysis Certified

Demographic Trend Analysis

Z-Score
+0.3915σ
Period
Q1 2026
Position
75.9 of 59 qtrs
Vintage
2026-Q4
1Node Definition

Demographic Trend Analysis (21440) measures how fast older residents are rising relative to the household base: the change over the year in the number of people aged 65 and over for every 100 private households. Higher readings mean older residents growing faster than households, so a larger share of the housing stock is occupied by older households and turns over less often. It is a component of the APN Aggregate Demographic Index™ (21400), at a weight of 0.30.

Known limitations

Measure change, October 2026. Until October 2026 this node read the level of this ratio, on a household-size input whose recent values could not be sourced. The level rises with the calendar (a correlation with time of 0.997 over 2011–2025), so the node now reads its change over the year, and the level is shown as context. The household count is modelled, not measured between Censuses: population multiplied by the share living in private dwellings and divided by average household size, both taken from ABS Household and Family Projections. Each edition’s base-year estimate (June 2011, 2016 and 2021) is used as an anchor and interpolated by quarter, and the 2021-based projection is followed from June 2021. Recent quarters therefore rest on the projection’s assumptions; the 2026 Census, published from 2027, will re-anchor them.

2Metric Definition

Primary metric: Node Z-Score (Z21440)

Z-Score Construction
Current (Q1 2026)+0.3915σ
DtPeople aged 65+ per 100 private households, end of quarter t: 45.69 at March 2026, 45.01 a year earlier
HtPrivate households, modelled as for Household Formation Trends (21430)
μ, σBaseline mean and sample standard deviation of the change, September 2011 to December 2025 (+0.61 and 0.19, 58 quarters)

Metric typology: single-series Z-score of a four-quarter change in a ratio.

3Data Sources
InputSourceFrequencyCoverage
Estimated resident population aged 65 and over, AustraliaABS National, state and territory population (3101.0), through the ABS Data API (ERP_Q)QuarterlySeptember quarter 1981 to March quarter 2026
Private households (modelled)ABS estimated resident population with ABS Household and Family Projections, Series IIQuarterlySeptember quarter 2010 to March quarter 2026

Tier-1 sovereign statistical releases (ABS). No commercial data provider dependency exists within this node.

4Reading History

The chart shows the node’s reading in every quarter, measured against the 2011–2025 baseline.

Demographic Trend Analysis (21440) · Reading History
Node Z-Score by Quarter, September 2011 to March 2026
+0.3915σ · position 75.9, ranked against 59 quarters
Reading, ranked quartersNormal range (middle 80% of ranked quarters)Current reading

The March quarter 2026 reading, +0.3915σ, ranks 75.9 against 59 quarters and sits inside the normal range of −1.1749σ to +1.3802σ. The highest ranked reading was +2.3798σ in the March quarter 2021, and the lowest −1.9527σ in the June quarter 2023.

Show the data
QuarterReadingBasis
Q3 2011+0.5590σRanked
Q4 2011+0.6025σRanked
Q1 2012+0.6646σRanked
Q2 2012+0.7956σRanked
Q3 2012+0.3908σRanked
Q4 2012+0.2681σRanked
Q1 2013+0.1532σRanked
Q2 2013+0.0642σRanked
Q3 2013+0.2014σRanked
Q4 2013+0.1933σRanked
Q1 2014+0.1251σRanked
Q2 2014+0.0541σRanked
Q3 2014−0.0182σRanked
Q4 2014+0.0222σRanked
Q1 2015+0.0110σRanked
Q2 2015+0.0200σRanked
Q3 2015+0.0146σRanked
Q4 2015+0.0043σRanked
Q1 2016−0.0404σRanked
Q2 2016−0.0638σRanked
Q3 2016−0.3082σRanked
Q4 2016−0.5848σRanked
Q1 2017−0.8724σRanked
Q2 2017−1.0470σRanked
Q3 2017−1.1305σRanked
Q4 2017−0.9340σRanked
Q1 2018−0.7859σRanked
Q2 2018−0.6986σRanked
Q3 2018−0.5400σRanked
Q4 2018−0.5908σRanked
Q1 2019−0.6553σRanked
Q2 2019−0.5614σRanked
Q3 2019−0.2743σRanked
Q4 2019+0.3432σRanked
Q1 2020+0.8886σRanked
Q2 2020+1.3356σRanked
Q3 2020+2.1589σRanked
Q4 2020+2.1934σRanked
Q1 2021+2.3798σRanked
Q2 2021+2.1060σRanked
Q3 2021+1.9422σRanked
Q4 2021+1.5586σRanked
Q1 2022+0.8339σRanked
Q2 2022+0.4568σRanked
Q3 2022−0.7294σRanked
Q4 2022−1.3526σRanked
Q1 2023−1.6954σRanked
Q2 2023−1.9527σRanked
Q3 2023−1.9332σRanked
Q4 2023−1.6690σRanked
Q1 2024−1.3625σRanked
Q2 2024−0.8529σRanked
Q3 2024−0.3821σRanked
Q4 2024−0.1219σRanked
Q1 2025+0.0860σRanked
Q2 2025+0.2099σRanked
Q3 2025+0.1796σRanked
Q4 2025+0.3406σRanked
Q1 2026+0.3915σRanked
Z-Score
+0.3915σ
Q1 2026
Position
75.9
ranked against 59 quarters
Change over the year
+0.69 per 100
to March 2026
People 65+ per 100 households
45.69
context
Fastest rise
+1.07
March 2021
Slowest rise
+0.23
June 2023
5Analytical Interpretation

At +0.3915σ (Q1 2026), the number of people aged 65 and over rose by 0.69 for every 100 households in the year to March 2026, a little faster than the 2011–2025 average of 0.61, to 45.69. Position. 75.9, ranked against 59 quarters since September 2011.

The rise was fastest in the year to March 2021 (+1.07), when household formation slowed while the border was closed, and slowest in the year to June 2023 (+0.23), when migration lifted household numbers. It has been above its 2011–2025 average in each of the past five quarters.

7Certification Statement
APN Codex Node 21440 — Demographic Trend Analysis — Certified
  • The population inputs are a Tier-1 sovereign statistical release (ABS), and household size comes from ABS projections
  • The Z-score of +0.3915σ (Q1 2026) is derived directly from the inputs against the 2011–2025 baseline, not manually entered or estimated
  • The position is an empirical percentile rank against 59 quarters
  • The modelled household count, the change from the level to its change over the year, and the change of measure are disclosed