Home topics news Image Credit: Laura Cros News News Australia’s population is anticipated to grow by three million by 2030 Yajush Gupta October 31, 2022 Australia’s population is expected to grow by more than 10 per cent by 2030, adding another three million people to the country, according to property buyers agency BuyersBuyers. Businesses react to their surroundings. Products are sold based on the strength of the customer’s needs rather than the company’s designs. As a result, it is critical for small businesses to adapt to changes in demographics and populations. Changes in population and migration impact the makeup of the workforce and the products available to the customers. BuyersBuyers co-founder Peter Wargent noted that the Budget papers assume future net overseas migration of 235,000 per year with the permanent migration cap raised to 195,000 annually. “Now, for the first time in a decade, we have full employment and a genuine skills shortage, and after a hiatus, we should expect a strong rebound in net overseas migration. And history suggests that we tend to underestimate population growth in Australia. Mr Wargent added, “after a lengthy period of closed international borders, population growth hasn’t been much in the news of late. The Australian population clock ticked past 26 million, but we didn’t read too much about it in the media. “It’s often overlooked that with Australia’s strong population pyramid and life expectancy generally increasing, the population grows naturally by around ½ per cent per annum, with births comfortably exceeding deaths.” Even