Demographics 1992 NOW 2042 Australian population 17,557,133 24,917,746 37,582,040 Victorian population 4,458,219 6,187,875 9,413,745 Average annual income $30,503 $78,832 $184,428 Average house cost - Melbourne $125,000 $770,000 $5,180,000 Number of births 262,600 315,500 441,474 Median age Australia 32.7 37.2 39.3 Population growth rate 1.1% 1.4% 1.7% The future of Australia: 25 years of change Tourism 1992 NOW Increase Short-term arrivals to Australia 2,603,300 7,836,300 Short-term arrivals to Australia for convention / conference 32,300 199,700 Estimated international visitor expenditure in Australia $4,264,200,000 $38,800,000,000 Average expenditure of visitors to Australia $1,634 $4,951 Top 5 source countries of arrivals to Australia Japan New Zealand UK USA Singapore 1. 2. 3. 4. 5. Significant moments in technology Melbourne events 1992 NOW The NEC SX-3/44 became the fastest supercomputer, performing 22 million calculations per second. Coca-Cola was the world’s most valuable company. Computer Gaming World magazine named Lemmings (released just the previous year) as the Action Game of the Year. The Sunway TaihuLight supercomputer from China became the world's most powerful computer. It can perform around 125,000 trillion calculations per second. Google parent Alphabet passes Apple in 2016 to become the world's most valuable public company. Pokémon Go downloaded over 500 million times. AFL Grand Final: West Coast Eagles won their first premiership. AFL Grand Final: Western Bulldogs win the 2016 premiership after a 62-year drought. Australian Open mens singles final: Jim Courier defeated Stefan Edberg to win the title. Australian Open mens singles final: Roger Federer won his fifth Australian Open title. 630,000 447,800 290,000 262,900 116,800 New Zealand China UK USA Singapore 1,327,500 1,160,600 708,300 670,900 432,000 Because everything is so techy and virtual, conference becomes all the more important because that face to face is lacking…the touch is not there, the eye contact is not there, the human connectivity is not there.* 5,700,000 times faster