Subject: 2024 Population Statement

⚡️ Highlights:

1. Australia's population is projected to grow from 27.1 million to 31.3 million by 2034-35.

2. Annual population growth is forecasted to decline from 2.1% to 1.2% by 2034-35 due to moderating net overseas migration.

3. Net overseas migration peaked in 2022-23 and is expected to continue to decline, reflecting a decline in arrivals and an increase in departures.

4. Australia's fertility rate has been declining since the 1960s and is expected to remain at record lows in the coming years due to various factors.

5. Capital cities are projected to continue to grow nearly twice as fast as rest-of-state areas, with states and territories returning to pre-pandemic population growth patterns.

✍️ Centre for Population | Full Article

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