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PROPERTY COUNCIL WELCOMES MYEFO MIGRATION BOOST

Thursday 16 December 2021

Today’s MYEFO shows Australia’s economy is on track for a strong recovery, underpinned by a strong property industry which employs more people than any other sector.

The property industry is set and ready to drive this rebound in employment and economic activity. 

The optimistic outlook of both the MYEFO and today’s employment data reflect the same sentiment of the property sector, which recorded a surge in confidence and economic growth expectations as revealed in the ANZ/Property Council survey which was also released today. (Click here for further details)

The Property Council also welcomes the Federal Government’s plan to bring back normal levels of net overseas migration a year earlier than previously forecast and then run at ‘catch up levels’ for two years from there. This will be a vital ingredient in supporting economic recovery and addressing crucial skills gaps. 

ENDS

Media - Ellie Laing-Southwood - 0416007830 - [email protected]