Australia

WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

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• [New] By 2040, rooftop solar will account for as much as 24% of electricity generation in Australia.
• [New] Australia risks being left behind as competitor nations lift their productivity and prepare their citizens better for the future world of work.
• [New] By 2040, rooftop solar power system will account for as much as 24 percent of electricity in Australia.
• [New] By 2040, rooftop PV will account for as much as 24 per cent of electricity in Australia.
• [New] By 2040, rooftop solar will account for as much as 24 percent of electricity in Australia.
• [New] Domestic spy agency ASIO has warned espionage and foreign interference in Australia is extensive and unrelenting and poses as great a threat to national security as terrorism.
• [New] In Australia, the adoption of light vehicle CO2 emissions standards could provide an overarching incentive to support electric vehicle uptake.
• [New] Perceptions of China as a military threat to Australia have heightened again in 2017.
• Australia could follow the lead of countries such as Canada and France and develop extensive underground networks which will see below-ground car parking become places to live.
• There are still great opportunities throughout Australia to buy property and achieve sound levels of capital growth and rental returns over the coming year.
• South Australia will install an enormous solar power system together with enormous batteries it can use solar energy at night.
• A faster rollout of renewable energy could be especially valuable in Australia.
• Both Victoria and South Australia could face electricity supply interuptions following the closure of the Hazelwood coal-fired power station.
• By 2035 about two-thirds of all of Australia''s coal plants will have reached 50 years of age.
• Improving water quality will continue to be a focus for Australia.
• Korean GDP growth has since fallen to levels comparable to Australia's.
• Markets like Japan or Australia will become more and more important for small wind manufacturers in the next years.
• Qatar Petroleum's status in Japan is already under threat, with its market share falling 17% last year while Australia's increased by 20%.
• Australia's long-awaited naval shipbuilding plan has acknowledged South Australia will struggle to provide the thousands of skilled workers needed for a massive expansion of the Navy's fleet.
• With Australia's population expected to grow to 30.5 million by 2031 there can be little doubt that rising urban congestion levels will present a huge challenge in the years to come.
• Australia will have a population of 40 million and 9 out of every 10 Australians will live in East Coast major cities.
• Australia will have to be reliant on the flow-on effects from global growth and capital expenditure.
• Australia will have to make history for its housing bubble not to end in a bust.

Last updated: 23 June 2017