Global Scans · Australia · Weekly Summary

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.

• [New] Australia Says Goodbye to Retirement at 67: Australia has officially announced a major shift in its retirement policy, confirming that the new pension age will soon replace the long-standing retirement threshold of 67. Bloodyfrench
• [New] SovEcon lifted its Russian export forecast by 0.4 million tonnes to 43.8 Mt, noting better demand at lower prices but warning that seasonal weather and competition from Argentina and Australia could slow shipments. Grain Central
• [New] For Australian seniors approaching retirement, the new age threshold will require careful planning to avoid financial stress. Broken Hill Accommodation Emaroo Cottages
• [New] The retirement age hike will affect not only individuals nearing retirement but also employers across Australia who must adapt to an ageing workforce. Broken Hill Accommodation Emaroo Cottages
• [New] Changes in Travel Document Requirements From 2025 onwards, there will be a greater emphasis on ensuring that all travel documents, including passports, meet the required standards for entry into Australia. Travel And Tour World
• [New] Increased Processing Times for Various Visa Categories Visa processing times in Australia are expected to remain long in 2025, with significant changes to several categories. Travel And Tour World
• [New] Australian CoreLogic home prices on Monday are expected to be strong at around 1% based on the daily data. Propel Financial Advice
• [New] Population growth is expected to modestly ease further in Australia, where it has already reduced monthly labour replacement needs. Australia II
• [New] Total winter crop production for Western Australia is forecast to come in at 24.6 million tonnes, up 9.5% on last year's harvest. Mirage News
• [New] Winter crop production is forecast to increase in Western Australia and rebound in both South Australia and Victoria, where challenging drought conditions had seen production totals decline last harvest. Mirage News
• [New] Australia is forecast to harvest a larger winter grain crop this year, with Rabobank estimating total volumes to reach 62.8 million tonnes in its just-released annual 2025/26 Australian Winter Crop Forecast. Mirage News
• [New] Central banks in Australia, Sweden, and Brazil are expected to keep interest rates unchanged, while the Mexican central bank may consider cutting them. Sada News Agency
• [New] Looking ahead, sea surface temperatures for November to January are forecast to be warmer than average across much of the globe, including around Australia. Mirage News
• [New] The Flood Inquiry recommended that the Australian Government consider establishing a government reinsurance arrangement for flood risks. UNSW Sites
• [New] A strong 2035 target backed by credible, fair and inclusive policies would set Australia on a path to a safer and fairer future, by protecting communities from extreme weather and cutting household costs. Mirage News
• [New] For the first time, all major Australian jurisdictions will implement uniform driving penalties. Future Work Future Communities
• [New] Australia could see increased trade with Indo-Pacific partners due to trade diversion effects. UNSW Sites
• [New] As Australia moves into 2025 and beyond, it will need to navigate the delicate balance between tourism growth and the preservation of its natural heritage. Travel And Tour World
• [New] The future of wildlife tourism in Australia will likely be defined by a shift toward more sustainable and responsible tourism practices. Travel And Tour World
• Innovative prevention and treatment strategies will be needed to address the increasing rates of disorders in younger Australian adults. PubMed Central (PMC)
• Rising temperatures across Australia could increase the burden of mental and behavioural disorders by almost 50% by 2050. Newsroom | University of Adelaide

Last updated: 07 November 2025