Business
Housing demand to collapse as population growth falters – Sydney Morning Herald
The construction sector faces headwinds, with a fall in population growth set to slash demand for new dwellings.
The number of international students, who account for about half of net overseas migration, has also collapsed in a development that has forced some major universities to cut staff.
The corporation, which provides advice to the government on housing demand, estimates that in a worst-case scenario there would be 214,000 fewer people in the country than if the coronavirus had not occurred, between 2019 and 2021.
It would be the biggest slowdown in population growth since 1916 and 1917 when hundr…
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