Australian Treasury guarantees permanent housing crises

Advertisement

The Australian Treasury’s Orwellian Centre for Population released its 2024 Population Statement, which forecast that ongoing high immigration will add 4.1 million residents over the next 10 years—most of whom will live in Sydney, Melbourne, Brisbane, and Perth.

“Australia’s population is projected to grow from 27.1 million people in March 2024 to 31.3 million people by 2034–35. This is slightly higher than projected in last year’s Population Statement”.

Over the decade to 2034, Melbourne’s population is projected to balloon by one million people to 6.5 million, whereas Sydney’s is projected to swell by 900,000 people to 6.5 million.

Capital city population forecasts

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.