The Centre for Population’s annual “Population Statement” (published in January 2023) suggested a much more bullish population forecast for 2032 (29.6 million) than the UN Population Division did last year (28.7 million). It was, however, surprising just how much more bullish the newest figures are – we are talking about a difference of 902,000 Australians by the year 2032.
Whatever forecast you might prefer, we are talking about two very different Australias here. In one, we lack workers, and the skills shortage worsens. In the other, we have many more workers, but the housing crisis worsens.
Thinking through how to prepare for these very different futures is essential for the success and longevity of your business.
My full column can be accessed here (no pay wall): https://lnkd.in/gcTdZmyg
#Australia #population #housing #realestate #demographics
