Will changes to JobSeeker impact the housing market?

The temporary supplement to JobSeeker payments in Australia are set to finish at the end of March 2021. The JobSeeker ‘coronavirus supplement’ was a temporary boost to new and existing recipients of welfare schemes in response to the onset of COVID-19 including JobSeeker, Youth Allowance, Austudy and the Parenting Payment.  

In early 2020, the supplement was set at an additional $275 per week, virtually doubling payments for some recipients. Recently, it was  announced that as the…