In 2030, the population of Australia will reach 29.8 million, an increase of 21.5% from 2017. Falling birth rates mean that the proportion of younger age groups in the population will continue to shrink in 2017-2030, while the share of older groups will rise rapidly. Net migration will account for over half of population growth in 2017-2030, while foreign citizens are expected to experience almost double the pace of growth compared to Australian citizens over this time.
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