Australia's Growth Risk: Fewer People Want to Live There

As Australia’s mining-investment boom winds down, the central bank has been relying on a steady flow of new migrants to boost the economy -- a stimulant most developed nations lack.

But the country’s appeal is now waning as wages stagnate and its jobless rate climbs above the U.S. level. The population is on track for the slowest growth in nine years -- a danger signal for an already faltering economy.