The latest statistical snapshot on deaths by the Australian Bureau of Statistics (ABS) [24/09/2020] raises some interesting data for the funeral industry in Victoria.
Although rising deaths are good for the funeral industry, it raises some concerns for shareholders of InvoCare and Propel Funeral Partners. Combined with increased competition by independent funeral directors, lower funeral price offerings by competitors, greater demand for direct cremation and online funeral disruptors, like eziFunerals, these big funeral chains are starting to see a decline in market share and funeral volumes. See our article ‘The elephant, the gazelle and the mouse‘.
In 2019, there were 169,301 deaths registered in Australia, 10,808 more than the number registered in the previous year (158,493). Over three quarters (78.3%) of these deaths occurred in New South Wales, Victoria and Queensland combined. In Victoria, there were 43,944 deaths, 5,763 more than the number registered in the previous year (38,231).
Top 10 Areas for Deaths in Victoria
|Local Government Area||
Number of Deaths
|Standardised Death Rates (per 1000 population)|
Source: Australia Bureau of Statistics – Deaths, Australia, 2019
eziFunerals supports individuals and families cope with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company. We are not a subsidiary of any other corporation. We are not part of any other funeral company.