Australia has an ageing population (15% in 2016 were 65 years or older), and by 2055 this proportion will increase to 22.9%. This presents both challenges and opportunities. It increases demand for primary health, aged care services and long-term care, requires a larger and better-trained workforce, and intensifies the need for environments and infrastructure to be age-friendly. It also has implications for the nature and quality of services and will affect economic output and governments’ budgets.
A variety of issues are likely to affect older Australians in the future:
- falling rates of home ownership and rising rental prices
- scarcity of community housing and lack of affordable downsizing options
- increasing numbers of older Australians retiring with a mortgage
- housing not suitable for the needs of older people
- inadequate supplies of suitable housing in their current community for older people to downsize.
RDAFCW engaged the services of Indigo Gold Pty Ltd to undertake a research paper to investigate solutions to meet the needs and wants of our ageing population in an economically sustainable manner. Read the full report here.
The Capricornia Business Dashboard initiative was to research and analyse the challenges and opportunities faced by small and medium enterprises located in the Capricornia Region (Rockhampton Regional Council and Livingstone Shire Council). The key stakeholders partnering this project were – Regional Development Australia Fitzroy and Central West; CQUniversity; Capricornia Chamber of Commerce; and Queensland Government – Department of State Development, Infrastructure and Planning.