Published on 14/07/2020
Housing plays a vital role within the broader Australian economy with more than half of all household wealth held within the housing sector. Economic connections with the housing sector include but are not limited to, construction, employment, population growth, infrastructure, and industry investment.
This section covers research and data on the housing sector and its impact across the broader economy.
This research report by NHFIC - COVID-19: Australia's population and housing demand – found that the global pandemic could cut underlying dwelling demand in Australia by between 129,000 and 232,000 from 2020 to 2023, mainly due to the downturn in net overseas migration (NOM). International border closures have effectively shut down NOM, which has accounted for 59 per cent of population growth since 2007.
Read moreThe NSW Government have undertaken a review of current infrastructure contributions, as it is an important tool in delivering vital public infrastructure, new housing supply, and investment.
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