Ten Things About to Change in Australia

Every few months, a new report lands that says everything is about to change. Interest rates, migration, AI, the tax system. Take your pick. Most of it is noise. dressed up as insight. 

In today’s episode Simon Kuestenmacher and I step back from the noise and look at what the actual demographic evidence says is going to change in Australia over the next ten years, and just as importantly, what almost certainly won’t. 

You see…Australia is entering a decade of profound change. 

By the middle of the next decade, we are likely to have another four million people, many more older Australians, smaller households, a much larger care economy and a workforce being reshaped by artificial intelligence. 

Our cities will be bigger, our population will be more culturally diverse, and the way Australians work, form families, inherit wealth and choose where to live will continue to evolve. And what about AI? How is that going to change our lives? 

Yet some of the forces shaping our economy, property markets and communities will remain remarkably familiar. 

As we discuss the demographic forces likely to reshape Australia over the next decade, we examine Australia’s projected population growth and its implications for housing demand, infrastructure, employment, and consumer spending. 

We explore how an ageing population will increase pressure on healthcare, aged care, pensions, taxation, and workforce requirements. 

We discuss how changing household sizes, migration patterns, and millennial family formation will influence future housing needs. 

We also consider how artificial intelligence, climate change, and population concentration could affect property markets and Australia’s broader economic outlook. 

Takeaways

• Australia’s population growth will increase demand for housing and infrastructure.
• An ageing population will intensify pressure on aged-care services.
• More elderly Australians will create higher government spending demands.
• Millennials forming families will influence demand for larger homes.
• Smaller households will require additional dwellings across Australian cities.
• Migration will remain essential for workforce and population growth.
• Asian migration will reshape Australia’s education and housing markets.
• Major cities will continue attracting most population growth.
• Artificial intelligence will reduce costs across many everyday tasks.
• Climate risk will increasingly influence insurance and property values.

About Simon Kuestenmacher  

Simon Kuestenmacher is co-founder and Director – The Demographics Group. 

Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers.     

He ranks as one of the world’s Top 10 influencers in data visualisation. If you can’t get enough of the kind of data that explains how the world works, make sure to follow Simon on LinkedIn or X (formerly Twitter) or any of his other social channels. 

Click here for a media enquiry or if you would like to book Simon Kuestenmacher for a speaking engagement. His presentations and quirky observations are enjoyed by audiences from the financial services, property, government, education, technology, retail and professional services industries, among others. 

About Michael Yardney  

Michael Yardney – founder Metropole Property Strategists has been voted one of Australia’s 50 most influential Thought Leaders. 

While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation. 

Michael is a #1 best selling author of 9 books and frequently challenges traditional finance advice with innovative ideas on property investment, personal finance and wealth creation. 

 Follow Michael on LinkedIn or Instagram 

Are you interested in property investment – let the team at Metropole build you a Strategic Property Plan to help give you clarity, direction and wealth – producing results. 

Also, please subscribe to my other podcast, Property Investment & Wealth Creation Australia | The Michael Yardney Podcast. Just look for it wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here.