The Australian way of life is finished

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Australia’s population growth has been off the charts this century, adding 7.6 million people.

The 2023 Intergenerational Report (IGR) projected that Australia’s population will grow to 40.5 million people by 2062-63:

This means that Australia’s population will have more than doubled in only 60 years.

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Australia will have added its first 20 million people in 216 years and is projected to add its second 20 million in less than 60 years.

Sydney and Melbourne are projected to have populations of around 9 and 10 million people respectively by 2062-63.

This means that Sydney will grow by around 5 million and Melbourne by around 6.5 million over just 60 years.

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On Tuesday, I was interviewed by Radio 2GB’s Clinton Maynard explaining what the federal government’s ‘Big Australia’ mass immigration policy means for Australian living standards over the long-term:

Below is an edited transcript of some key highlights. There’s much more in the video.

Edited Transcript:

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We can probably handle [a Big Australia] but we it won’t be very good for living conditions. We’ll basically be living in high-rise shoe boxes. We’ll have permanent water shortages. And we’ll have to spend tens of billions of dollars on water desalination because we just simply won’t have enough water.

It was only four years ago that Sydney was running desperately low on water. And then obviously we had had a three-year LaNina event.

What’s going to happen next time we have a drought and we’ve got millions more people who need water? We’re going to obviously run out unless we build these desalination plants left, right and center.

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Then we will somehow have to pump the water 50 km inland to Western Sydney, which is where we’re dumping most of the people.

We’ll also have worse traffic congestion, and it’s basically going to be the death of the Australian Dream right there.

So, yes we could do it [a Big Australia] but we’re not going to maintain Australia’s high quality of life.

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According to the IGR, we will have doubled the population from 20 years ago by 2063. So we’re going to go from what was 20 million people 20 years ago in just 60 years to 40.5 million people.

The population growth we’ve seen over the past 20 years has been off the charts and the sad thing is it’s projected to be off the charts for the next 40 years.

All it means is that places like Sydney would go from 4 million people at the turn of the century to about 9 million people by 2060.

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That just means your quality of life is going to continue to be destroyed. And let’s be real, if you live in Sydney, you’ve seen it destroyed last 20 years.

Sydney dwelling composition

Living in detached houses with backyards was the norm 30 to 40 years ago. We’re going to be living in high rise.

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Your everyday Sydneysider is going to be living in a high-rise dog box.

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.