THE official Jewish population of Australia has increased by 9.58 per cent in five years to 97,335 people, according to the latest census figures.
The numbers show an increase in every state and territory across Australia, but they also demonstrate Australia’s Jewish population is moving.
Property prices around the traditional Jewish suburbs in Sydney and Melbourne are spiralling out of control and are becoming unreachable for an increasing section of the community.
The median monthly mortgage repayment in Australia is $1800 and the median weekly rent is only $285, but prices in the Jewish heartlands of Melbourne or Sydney are drastically dearer.
In Bondi, the median monthly mortgage repayment is $2708, the median rent is $500 and, surprisingly, it’s even worse in St Ives, where the median repayment is $3033 and the rent is $665.
Victorian young adults face the same issue. The median monthly mortgage in Caulfield is $2167, more than 20 per cent higher than the national average, and the median weekly rent is $360.
As a result, the Jewish communities in Wollongong, 80 kilometres south of Sydney, and the Central Coast, 80 kilometres north of Sydney, are rapidly growing.
And in Victoria, the Frankston Jewish community has nearly doubled in five years.
Demographer Dr David Graham said this is symptomatic of the wider community.
“There are going to be two types of movers,” Graham said.
“There is going to be young families that move out because they simply cannot afford property in the Eastern Suburbs, and also the retirees who move out because they like the lifestyle and weather of Queensland or the coastal communities.”
For full coverage, see this week’s AJN.