Australia has been lagging in infrastructure construction since I arrived in the late 1950’s. We have been playing catch-up for all that time, but we have fallen even further behind since 2007.
In addition to the transport infrastructure backlog, particularly public transport, we now need to significantly increase investment in health in order to avoid a big increase in the prevalence of several diseases.
Australia’s population growth rate has increased substantially since 2007. Net migration increased and so did births.
The peak age of net migration is 20 to 24 and so there is now a large increase in the number of people aged 30 to 34. This coincides with an increase in the Australian-born population with ages centred around 30, due to an increase in the number of births in the late 1980’s.
There is a large peak in the population aged 25 to 34 and as they age over the next 10 to 20 years, they will be of an age where the onset of several diseases increases. This includes type 2 diabetes, prostate cancer, breast cancer, and multiple sclerosis.
At the same time, the oldest of the large baby boomer generation will reaching the age where the prevalence of cardiovascular disease, Alzheimer disease, and several others increase.
Accordingly, Australia needs to invest significantly more in disease prevention as well as cure and treatment.
For details, see my report.