Population Growth Is ‘Biggest Constraint’ to Economic Recovery: Property Industry

Population Growth Is ‘Biggest Constraint’ to Economic Recovery: Property Industry
Restaurants along Sydney Harbour on December 24, 2020. Saeed Khan/AFP via Getty Images
Rebecca Zhu
Updated:

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.