POPULATION FORECASTING – AUSTRALIA

Another 9m homes needed by 2055

roymorgansocial Leave a comment

Original article by Rebecca Thistleton
The Australian Financial Review – Page: 34 : 6-Mar-15

The Australian Government’s Intergenerational Report forecasts that the nation’s population will top 39.7 million in 2055. This will require the construction of an additional nine million residential dwellings over the next four decades. Graham Wolfe of the Housing Industry Association has called for government action to make more land available for residential development and measures to improve the planning process

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED

Budget deficits for 40 years

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 6-Mar-15

The Australian Government’s Intergenerational Report forecasts that the nation’s population will rise from 23.9 million to 39.7 million over the next four decades. It also forecasts that Australians will live longer, with more than 40,000 people over the age of 100 by 2055, while the workforce participation rate of people aged 65+ will rise and there will be fewer people under the age of 65 in the workforce. Treasurer Joe Hockey has used the release of the report to warn that Australia faces decades of Budget deficits unless policy reforms are implemented

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, MIGRATION COUNCIL OF AUSTRALIA