Davis Langdon\'s - An AECOM Company - Australia and New Zealand Research Manager delivered the following presentation for the Property Council of Australia on the 15th October 2010, tackling the 'Big Issues in Australia's Property and Construction Future'
2. BIG ISSUES AUSTRALIA’S PROPERTY AND CONSTRUCTION FUTURE Michael Skelton Australia & New Zealand Research Manager
3. Facts, Fiction and the Future Population Growth Infrastructure Investment Forecast Labour Force Demand Projected Cost Escalation ‘ Competitive’ Immigration...
15. The Most Dangerous Idea! – A Static Population Million Today 2050 Projection +146% -40% +5% Minor Allowance of Growth from 22.5 million to 25 million
16. Population Projections High Projection Scenario 38% Increase South Australia Currently 1.6 million 2.2 million National 39.4m 33.9m 30.2m High Projection Scenario 75% Increase
17. The Irreversible Truth – Ageing Population % of GDP devoted to Age-Related Spending by 2050 Proportion of Population Aged 65+
22. 2050 – REQUIRED Infrastructure Labour Force Current infrastructure labour force: 738,000 Population Projections Low Medium High Infrastructure Investment Projection Scenarios Low Projection 907,000 1,021,000 1,191,000 Medium Projection 1,568,000 1,765,000 2,058,000 High Projection 2,229,000 2,508,000 2,925,000
24. 2050 – REQUIRED Infrastructure Labour Force Infrastructure labour force contribution will grow to 7.5% of the total population from a long term average of 3%
25. Construction Productivity Job Required per $1million NSW VIC QLD SA WA Australia Residential & Non-Residential Work Done 16.7 10.6 13.9 14.2 11.6 13.1 Total Work Done (Including Engineering) 8.3 7.3 6.3 6.8 3.5 6.3 Proportion of Engineering Work Done 50% 31% 55% 52% 70% 52%
35. Australia – Still one of the most ‘ liveable ’ countries? In recent years Australia’s ranking as one of the world’s most liveable countries & its business investment ranking have fallen
36. A Prosperous and High Liveability ‘Big’ Australia Percentage of People in Prison that have... 36% Never Been Employed in Any Capacity Completed Secondary School or Trade 7%
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39. Thank you Michael Skelton Australia & New Zealand Research Manager [email_address] Delivering solutions that enhance and sustain the world’s built, natural and social environments