Return flight: Huge tide of youth heads back to the safety of home

Tuesday December 15, 2020

More than 300,000 mostly young Australians have moved back home to their parents’ house in the wake of the pandemic, according to a Federal Government report.

More than 300,000 Australians have been forced back to their parents

The report from the National Housing Finance and Investment Corporation said the return home combined with the lack of overseas migrants meant Australia was heading towards a housing market shock that would create an oversupply.

It found that the lack of overseas migrants caused by the closed borders would mean that the housing market…

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