Description

Concerns about the future cost of living in Australia seems set to result in a decline in the number of births.

Analysis of proprietary tracking surveys show that the cost of living is the issue of greatest concern for the future. This is correlated with the expected likelihood of a decline in births. The relationship is statistically significant.

Our leading indicator shows that a decline in births is likely from late 2024 and especially in 2025.

As Australia’s federal government looks to relieve cost of living pressure and also aims to reduce net migration from current very high levels, Australia’s population growth rate may slow significantly.