Here’s something a little different. A major new city to house the millions of new residents expected to come to Australia could be needed within the next 40 years, according to Treasury secretary Ken Henry.
An additional 10.5 million people are expected to flock to Australia’s capitals by 2056. Major cities such as Sydney, Melbourne and Brisbane would have to bear the brunt. Based on government projections, they would have to house and feed another 4.5 million people within the next 16 years.
This influx would pose both problems and opportunities, including the need for some of the smaller regional towns and cities to accommodate populations of potentially up to a million people. The population is expected to grow to 35.9 million by 2050, compared with 22.2 million this year.
The 2010 Intergenerational Report warns an ageing population will provide major financial challenges to the economy. The number of people aged 65-84 is projected to more than double by 2050, and those aged 85 and over to more than quadruple. By 2050, there would be only 2.7 people in the workforce to support each person aged over 65. This would be down from the current 5:1 ratio, and the 7.5:1 ratio of the 1970s.
What do you think? Where would you like to see a “new” city?