Australia’s new boom: human beings

Australia’s population is rising at the fastest rate in the Western world, and the flow-on effects to housing and infrastructure are set to feed the next economic upswing.

It’s perfectly clear what is now taking over as the main driver of Australia’s economic growth: population.

In the 1990s, it was the productivity growth that resulted from the microeconomic reforms of the Hawke Government. In the 2000s, it was the increase in commodity prices resulting from Chinese demand.

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