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One of the biggest fears about Australian economic prospects is what happens when massive fiscal support is withdrawn – originally expected to be at the end of Q3 2020. Economists say the idea of a short, sharp withdrawal of government support was always implausible, though.
A closed border and ongoing economic weakness even when it reopens means net migration to Australia is likely to be in the doldrums for some time. How significant an impact this will have on the housing market is a subject of debate.