- And population characteristics can tell us much about how the inhabitants of a place have changed over time and where the population might be headed in the future.
- Unpacking Australia’s population composition reveals the challenges and opportunities that lay ahead.
Living longer and with fewer children
- Our increased longevity, alongside below-replacement fertility, means Australia’s population is structurally ageing.
- The challenges of an ageing population include greater aged care needs, amid a relative shrinking workforce.
- In other words, populations like Australia need to work out how to fund more with fewer financial resources or risk declining living standards.
- The shape of population age distribution matters more than ever, especially with evidence indicating children in Australia will be outnumbered by people aged 65 and over in the coming ten years.
High short-term growth, potential for population decline
- Australia’s population has grown at a historically high rate since the reopening of international borders during COVID-19.
- Most of Australia’s population growth is from overseas migration, as has been the case since 2005 (except during COVID border closures).
- Natural population increase – the number of births versus deaths – also contributes to Australia’s rising population.
More diverse than ever
Half the world has below-replacement fertility, and the average number of births per woman is set to decline even further. Australia is competing with the likes of Germany, Canada, the United States, New Zealand and the United Kingdom to attract suitable people to migrate.
- From a Blak country to a European colonial settlement, Australia now relies heavily on people migrating from India and China.
- First Nations people, for example, have a much younger age profile and higher growth rate than the non-Indigenous people.
City living
- Australia’s population is also highly urbanised, with a high concentration of people living along the southeastern coastline from southeast Queensland to Victoria.
- By 2036, Melbourne is projected to be Australia’s largest capital city, not surprising give Sydney has a considerable surplus of people moving to live in other places in Australia.
- More people are living alone, and the number of people in each household on average is declining.
Liz Allen does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.