Episode Details

At the end of last year, Simon Kuestenmacher published a detailed set of demographic predictions about Australia's future – covering everything from migration and ageing, to housing affordability, consumer behaviour and where population growth would show up.

And instead of quietly moving on, he's come back twelve months later to mark his own homework.

Today, we discuss the accuracy of his forecasts related to migration, fertility rates, political trends, and the property market.

We also explore how societal changes, such as aging populations and consumer behavior, impact various sectors, including housing and car sales.

You'll learn the importance of understanding long-term demographic trends amidst short-term chaos, providing insights for business owners and investors.

Takeaways

· The world feels chaotic, but demographic trends are stable.

· Demographic predictions can provide accountability and insights.

· Third party voting is on the rise in Australia.

· Understanding migration data is crucial for accurate forecasts.

· Falling fertility rates are linked to economic optimism.

· Greenfield areas are growing faster than infill developments.

· First home buyers are delaying purchases due to various factors.

· Australia's population is aging, impacting future planning.

· Consumer behaviour is affecting car sales trends.

· Mental health issues are becoming more prominent in society.

Join Michael and Simon at Wealth Re