Optimism About The Economic Recovery

With all the lockdowns happening in Australia, it is very hard to keep a positive, optimistic, future-focused perspective. Of course we need to remember that compared to all other areas of the globe we are managing pandemics extremely well. Oceania has 35 COVID deaths per 1 million residents. This compares to around 15,000 COVID deaths per 1 million residents in the US or in Europe. South America even has 2,600 cases of deaths per 1 million residents. So we are doing incredibly well from the ‘save a population’ perspective.

We are, of course, hurting our economy with all those lockdowns. As seen in 2020 the economic bounce back was strong once lockdown restrictions were lifted. I see a similar scenario this year as we reach the busy Spring time property market.