How Will Stalled Net Overseas Migration Impact Housing Demand?

How Will Stalled Net Overseas Migration Impact Housing Demand?

Rebecca.Lauder…
Thu, 09/03/2020 – 10:32

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Summary
Recent forecasts from Treasury indicate annual population growth across Australia is set to slow from around 1.4% pre-COVID, to 0.6% through the 2020/21 financial year. In raw numbers, that implies Australia’s annual population growth will reduce from around 350,000 in 2019 to 154,000 over the year ending June 2021 – a reduction of 56% relative to 2019 levels.