The typical Australian of 2025 will live in a flat or town house, marry late, relax more and use more renewable energy.
Industry research outfit IBISWorld has painted a picture of Australia in 2025 and says we’ll be older, live in smaller dwellings and may have moved to West Australia.
|The typical Australian of 1977|
The company says Australia’s population will continue to grow at 1.7 per cent a year, which means there’ll be 28 million of us by 2025. That figure’s not certain – initiatives like the baby bonus have kicked the birth rate along of late – but growth can be expected thanks to immigration.
Lots more of us will live in Western Australia. 2.4 million of us call the State home today and another million will make the move by 2025. Queensland will continue to grow strongly, cracking the six million residents mark, up from 4.69 million today. NSW will add another 1.3 million residents and Victoria will gain 1.5 million.
More of those people will live in high density housing. Price will be one factor for the move to flats and town houses, but later marriage and late starts to families will help too as couples don’t see the need for a backyard until later in life.
Later marriage and childbirth will also mean more women in the workforce, with IBISWorld predicting the number of full-time, part-time and job seeking females expected to increase from 5.6 million in 2012 to 7.5 million by 2025.
We’ll all have a bit more leisure time – the hours we spend having fun will rise from the 76.4 hours calculated in the year 2000 to 78, thanks in part to flexible working arrangements. Internet shopping - tipped to rise to 12 per cent of all retail- will give us back the time we currently spend looking for parking places at the local Westfield. Another cause is that our ageing population will mean more of us is retired and the bulge of leisure retirees represent will drag up the national average.
All that extra relaxing will at least be a bit greener, as by 2025 IBISWorld expects more than 20 per cent of energy will come from renewable sources. Solar and wind energy will be more prevalent, but hydro-electricity will remain the dominant source of green power.
Taking digitisation out of the ‘too hard’ basket for SMEs
By Jason Brouwers
The insanity of consumer expectations
By Jason Dooris
Forget how big you are: always have a start-up mentality
By Simon Larcey