The global COVID-19 pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years based on a range of scenarios, according to new research released today by the National Housing Finance and Investment
NHFIC’s latest targeted research report COVID 19: Australia’s population and housing demand found:
NHFIC CEO Nathan Dal Bon said, “This research highlights the strong relationship between population growth, increasingly through net overseas migration, and underlying dwelling demand with the outlook for population growth due to COVID-19 highly uncertain.”
The COVID-19: Australia’s population and housing demand report will be followed by a webinar on 29 September 2020, where demographer Bernard Salt will present NHFIC-commissioned research examining the impact of the COVID-19 pandemic on employment, market sentiment and housing demand. The webinar will be hosted by NHFIC CEO Nathan Dal Bon and NHFIC’S head of Research Hugh Hartigan.