As the great population debate rages, the latest Australian Bureau of Statistics Yearbook shows the nation’s population is expected to swell to more than 35 million by 2056.
The predictions point to a much different – and more crowded – Australia compared to 1901, when the country had a population of just 3.7 million.
While NSW will remain the most populous state, its share of the population will decline from 33 per cent in 2007 to 29 per cent in 2056.
In 2007, there were 6.9 million people living in NSW. By 2056, it is expected there will be 10.2 million people in NSW, of whom almost seven million will be living in Sydney.
But it is the resource-rich states of Queensland and Western Australia where most of the population growth will happen with populations expected to double.
In Queensland, the population is expected to grow from 4.2 million in 2007 to 8.8 million by 2056, while Western Australia will go from 2.1 million to 4.3 million over the same period.
While there are more of us, we are also living longer, with male life expectancy having risen from 55.2 years in 1901 to 79 years in 2007.
Women can expect to live a little longer, with their life expectancy having gone from 58.5 years to 83.7 years.
All these changes will underpin our property markets and the grout in value of properties in our capital cities.
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.
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.