"annexed" is sometimes interpreted as implying that the Jervis Bay Territory was to form part of the Federal Capital Territory, the accepted legal position is that it has been a legally distinct territory from its creation despite being subject to ACT law and, prior to ACT self-government in 1988, being administratively treated as part of the ACT. In 1988, when the ACT gained self-government, Jervis Bay was formally pronounced as a separate territory administered by the Commonwealth known as the Jervis Bay Territory. However, the laws of the ACT continue to apply to the Jervis Bay Territory. Magistrates from the ACT regularly travel to the Jervis Bay Territory to conduct court. Another occasional misconception is that the ACT retains a small area of territory on the coast on the Beecroft Peninsula, consisting of a strip of coastline around the northern headland of Jervis Bay. While the land is owned by the Commonwealth Government, that area itself is still considered to be under the jurisdiction of New South Wales government, not a separate territory nor a part of the ACT. Demographics The Australian Bureau of Statistics estimates that the population of the territory was 453,324 on 31 December 2021, with an annual growth in 2021 of 0.4%. A 2019 projection estimated the population would reach to approximately 700,000 by 2058. The overwhelming majority of the population reside in the city of Canberra. At the , the median weekly income for people in the territory aged over 15 was $998 while the national average was $662. The average level of degree qualification in the ACT is higher than the national average. Within the ACT, 37.1% of the population hold a bachelor's degree level or above education compared to the national figure of 20%. City and townships The Australian Capital Territory consists of the city of Canberra and some surrounding townships including Williamsdale, Naas, Uriarra, Tharwa and Hall. The urban areas of Canberra are organised into a hierarchy of districts, town centres, group centres, local suburbs as well as other industrial areas and villages. There are seven districts (with an eighth currently under construction), each of which is divided into smaller suburbs, and most of which have a town centre which is the focus of commercial and social activities. The districts were settled in the following chronological order: North Canberra: mostly settled in the 1920s and '30s, with expansion up to the 1960s,