Last year alone Australia grew by almost 400,000 people. The populations of our state capitals, Melbourne, Sydney, Brisbane and Perth have grown by nearly 3 million people in the last 10 years.
Already Aussies living in these big cities are experiencing crippling commute times. I know how bad it is when we travel into Sydney, you can expect to sit in the car park that is also known as a freeway for hours. We’re also dealing with overcrowded public transport, school shortages and an under-supply of affordable housing.
And our population is set to get even bigger. It is expected there’ll be almost 40 million Australians by the middle of the century. Some of our capital cities will double in size. So what are we doing?? Infrastructure, education, health, aged care issues come to mind… to name a few.
There is a lot to think about from our government’s perspective. But from an investment perspective and a business perspective we should be asking ourselves the question “What opportunities will this present?” Will this change your investment strategy for the future? Or do you see any opportunities within your business?
I’ll leave you with that thought…