Report says Australia will have a new face in 2020
Ten years ahead and Australia will be a sporting a new identity as a new report predicts of radical changes in the way the average Australian earns a living, chooses a house and whiles away leisure time, if that moment is still a possibility by the next decade.
Business information group IbisWorld said on its study released on Monday that practically
a new breed of Australian would emerged on 2020, by which time surfing the net is more preferred, small houses dominate the urban landscapes and more working hours are logged in that breaktime would become a luxury.
The report said that more and more Aussies would compete to snatch properties in cities which are far more expensive ten years from now. Most dwellings around that time, according to IbisWorld, would be apartment maximised for available space, which should be scarce by then.
IbisWorld general manager Robert Bryant said that their study pointed to a scenario where people are more bent on renting their chosen place as property prices become more prohibitive and in the event that some fortunate enough are able to homes available for purchase, mortgage loan is the only avenue for them to pay out for the tag price by that time.
It appears too that the need for a bigger home should be a thing of the past in 2020 as Australians by that time would elect to spend more hours working in order to secure their employment position even as unemployment is projected to improve in the following decade.
However, the predilection to work longer hours would not deter Aussies from watching their favorite sports events but ten years from now, cricket and rugby would have given way to soccer and net sports as the country's most favoured games.
Those opting to pass their extra times at home, which the IbisWorld said would considerably jump in 2020, would turn on the internet and video games as the report revealed that in Australia alone, the video game industry would generate an annual revenue of more than $3 billion over the next decade.
By 2020, the country's population would surge from today's count of 22.5 million to 25.9 million and majority of these Australians would enjoy better computer access and literacy, which the report said should pave the way for online shopping to grow by as much as 10 percent.
Bryant said that the better economic situation in the coming years would stimulate the population boom but he noted too that immigration will play a key role in the demographic explosion as the government would be encouraged by economic expansion to relax its immigration policy. Most immigrants, the report said, would originate from the United Kingdom and New Zealand.