Oct 25, 2021
The pace of change has never been this fast, yet it will never be this slow again.
They were the words of Justin Trudeau at the World Economic Forum even before the significant changes we have been experiencing in the last couple of years due to Covid.
Moving forward a raft of demographic changes are going to fall into place to make Australia look very, very different in 10 years’ time – in 2031.
And this was the basis of a major research paper – Australia towards 2031 - by leading demographer Mark McCrindle, who is my guest on today’s show to discuss the demographic, consumer, and behavioural trends that will be shaping our nation over the next decade.
It will be critical to understand these changes as a property investor because demographics will drive our destiny; but today’s show will also be useful if you’re in business or planning your future career or life.
Wouldn’t it be nice to know what the world will be like in 2031?
Looking Forward to 2031
Only occasionally in history do massive demographic changes combine with huge social shifts, ongoing generational transitions, and unprecedented technological innovation so that within the span of a decade society altogether alters. Australia is currently in the mist of one such transformation.
These are not my words, but the words of my guest today leading demographer and futurist Mark McCrindle who has recently published a new report Australia Towards 2031 to help us understand the demographic, consumer and behavioural trends shaping our nation.
Some of the major trends from Mark’s report:
Resources:
Mark McCrindle – McCrindle – Experts in Human Behaviour
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Shownotes plus more here: Have you ever wondered what Australia will look like in 2031? With Mark McCrindle
Some of our favorite quotes from the show:
“And that should give great comfort to people listening to this, particularly those interested in property and in business, that there will be three million or more people coming to Australia.” –
“When we look back, we’re probably even going to recognize it’s the best time in history.” –
“While perceived mistakes and failures knock some people down, it knocks them down for a long time, others learn from them.” – Michael Yardney
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