This ABC News report outlines new projections from the 2023 Intergenerational Report, showing that Australia’s population is ageing rapidly. The number of Australians aged 85 and over is expected to more than triple within 40 years, driven by increased life expectancy and lower fertility rates. The article highlights how population growth will slow overall, even as the country reaches an estimated 40.5 million people, reshaping healthcare, aged care, and workforce needs.
Key Insights
- Australia’s population is projected to reach 40.5 million in 40 years.
- The number of people aged 85+ will more than triple, and those aged 65+ will more than double.
- Population growth will slow to 1.1%, the slowest 40‑year rate since federation.
- Life expectancy will continue rising, with men projected to reach 87 years and women 89.5 years.
- Low fertility and increased longevity are the primary drivers of demographic change.
