Demographic

What does Demographic mean?

Demographic refers to the statistical characteristics of human populations used to identify and analyse groups within a population. Common demographic variables include age, gender, income, education, occupation, marital status, ethnicity, and geographic location. These characteristics are essential for various applications, such as market research, policy making, public health, and urban planning.

Applications of Demographic Data

Market Research

Businesses use demographic data to understand their target market, tailor marketing strategies, and develop products that meet the needs and preferences of specific customer segments. For example, a company targeting young adults might focus on social media advertising and trendy products.

Policy Making

Governments and organisations use demographic data to create and implement policies that address the needs of different population groups. This includes areas such as healthcare, education, employment, and social services.

Public Health

Public health officials rely on demographic data to identify and address health disparities, plan health interventions, and allocate resources effectively. Understanding the demographics of a population helps in targeting health campaigns and improving overall public health outcomes.

Urban Planning

Demographic analysis is crucial for urban planning and development. It helps planners understand population growth trends, housing needs, and infrastructure requirements, ensuring that cities and towns are developed sustainably and meet the needs of their residents.

DISCLAIMER: The information provided on this page is for general informational and educational purposes only and is never intended as financial advice. While we strive to ensure that the content is accurate and up-to-date, it may not reflect the most current legal or financial developments. Always consult with a qualified financial advisor or professional before making any financial decisions. Use the information at your own risk.

Glossary of Terms

Funding guide to downsizing billboard

Downsizing?

It's your time.

Get our free guide to downsizing your home fast and stress-free.

Confidence grows with knowledge

Get ahead with our useful resources and expert insight.
In Australia’s competitive property market, timing is often critical. For many property buyers, securing a new home or investment property...
Starting a construction company requires significant capital investment, careful planning and strategic financial management. For many start-up construction companies, securing...

Move Forward Faster

Reach your goals sooner with our borrowing and investing solutions.
arrow pattern

Manage subscription preferences

Enter your email to subscribe and choose the topics you’d like to receive.

Refer to our Privacy Policy for information on how we collect and store your personal information.

Choose your path to get started

funding icon borrow loan
I'm looking for a loan
Funding icon calculator
How much can I borrow
Are you a broker?
Login as a broker
investment 2 color
I'd like to start investing
funding original icon personalised service
I'd like to speak to an expert
Already have an account?
Login as an investor
Funding icon upload
I'd like to submit a client scenario
Funding icon accredited
I'd like to become an accredited broker
Already have an account?
Login as a broker