Housing demand to take dramatic hit as Australia's net migration slumps
- cherryclements88
- Sep 22, 2020
- 1 min read
The coronavirus pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years, research by a federal government agency shows.
The National Housing Finance and Investment Corporation’s study found that population growth could be cut by 214,000 between 2019 and 2021, a 0.8% decline only surpassed by the first world war and the unwinding of the 1971 baby boom.
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