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Population Growth Is 'Biggest Constraint' to Economic Recovery: Property Industry


Population Growth Is ‘Biggest Constraint’ to Economic Recovery: Property Industry
Australia’s stagnant population growth is the biggest bottleneck on long-term economic recovery, the property industry says.
“The Government has overseen a remarkable economic rebound, but the budget papers reveal that population growth will quickly become an anchor for our economy,” Property Council of Australia chief executive Ken Morrison said.
Population growth is at around 0.1 percent currently in Australia. However, the net overseas migration is estimated to see Australia lose 97,000 people by the end of 2020-21. It is the greatest net loss in overseas migration since 1916.
Travellers walk towards the departures gate at the International Airport in Sydney, Australia on March 25, 2020. (Mark Metcalfe/Getty Images) ....

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