Australia’s population is growing at around 1.8% per annum, more than any other developed country, in part to boost our economy and replace ageing baby Boomers who are retiring from the workforce.
Interestingly I recently read that in general, immigrants have a higher level of education than the general Australian population.
HSBC’s Downunder Digest noted:
“Typically, migrants are younger than the Australian population as a whole and therefore provide a boost to the Australia’s workforce and its productive potential.
Migrants can also bring needed skills to the Australian workforce. Data from 2010 revealed 45% of recent migrants had a bachelor degree or greater, compared to 25% across the entire country in 2013.
Encouraging continued strong migration remains a policy option to mitigate the impacts of an ageing population.”
Check out this chart:
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.