What will Australia’s housing look like in 2066?
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What is the main topic discussed in this episode?
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Good morning and welcome to the Daily Oz. It's Wednesday, the 23rd of September. I'm Billy FitzSimonds. I'm Zara Seidler. What will Australia's housing look like in 2066? And if we have what has been labelled a housing crisis in 2026, with a population of 28 million people, how will we house 40 million people in 40 years? Those are some of the questions. Looked at in the latest intergenerational report. A landmark report from the Federal Treasury released every few years.
No previous IGR has contended with challenges this great or politics this fraught or a future less certain. Yet this IGR shows that we are better placed than our peers in almost every regard.
Well look at the answers to those questions and how different political parties are proposing we solve the housing crisis in today's podcast.
Billy, I've got to say uh that this report is really interesting to me. I think that very often, both in politics and I think just in life, we have quite a short term view of the world and of everything that is going on. You know, we're thinking about the next year or two years. This intergenerational report is like, no, we're going 40 years into the future. Can you just tell our listeners a little bit about what the intergenerational report actually is and what it tells us?
Well, I think it's interesting because government terms are three years. Yeah. And often the criticism of um politics is that we're in such short cycles that you One of the shortest in the world, I believe. Yes. Yeah. You know, some people say that you're forced to think about the people of today as opposed to The people in 40 years' time and how the policies today will affect future generations. And that's exactly what this report is designed to look at. How are the policies of today going to impact the Australia of the future and the people in Australia in the future?
And so this isn't the first time that we've had this intergenerational report published.
No. So it's a report that is published every few years by the Federal Treasury. Yeah. And its whole purpose is to project what Australia's economy will look like in forty years, based on what we know of today.
Which is like kind of sorry, not to take you on a tangent, but it is kind of Difficult, especially as we're on the precipice of so much transformation. And I'm pretty sure the report recognizes this, or Jim Charmer certainly did, that like we are at a time that is kind of unprecedented when you think about AI and jobs and the economy and and all of those things converging. It is very difficult to predict what a couple of decades from now will look like when The pace of change is so fast.
I feel like I have whiplash because last week Emma and I did an episode on um the employee of one of the biggest AI companies, Anthropic, telling us that human extinction could be possible by the end of the decade. And so then when I saw this report, I was like, What? It's hard for your brain to compute. But I mean, this report had a relatively optimistic outlook on a brighter. Um basically saying that it will increase Australia's productivity. Yeah. Um but yes, I'm getting s sidetracked, but basically no. But basically it looks at how the current policies will impact the future and the trends that will affect the economy and the budget and society at large.
Okay, so with that in mind, can you take me through what some of the top line findings were?
What is the intergenerational report and why does it matter for Australia’s housing?
I really liked how we presented it on Instagram, on T D A Instagram, because just like having the emojis and the stats I think is a really easy way to comprehend quite rich data.
Yes. So some top level findings. It says that the population will grow from 28 million that we have right now to almost 40 million. The life expectancy for women will be up to 89.5 years. Um, that's up from 86 currently. And for men, it will increase to 86 years, and that's up from 81 currently.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–4:02
2
What is the intergenerational report and why does it matter for Australia’s housing?
4:02–18:08
3
How will Australia’s population and life expectancy change by 2066?
18:08–23:38
4
What are the key housing‑related findings of the report (fertility, migration, supply)?
23:38–25:11