Home Property Post Covid-19 Recovery & Government Stimulus Package Boosters For The Property Market

Post Covid-19 Recovery & Government Stimulus Package Boosters For The Property Market

Pamela Yap founded the “International Property Concierge” and runs an Australian Property Investment Company helping international clients to invest in the Australian real estate market. Based in Melbourne, Pamela’s network spans key Australian cities including Sydney, Brisbane, Adelaide and Perth. Email her at Pamela@MelbournePropertyInvestmentGroup.com

The extent to which the Covid-19 pandemic has affected countries varies vastly, connected in part to the respective government’s handling
of the situation. These national responses can be worlds apart – both in terms of efficacy and as survey data from YouGov shows, depending on the subsequent level of public approval. Countries included in the survey included the US, Australia and Malaysia among many others. The chart below shows that both Malaysia and Australia fared well in terms of responding to their citizens’ needs during the pandemic.
The following two charts below by Gattan & Refsa both show the percentage of the Gross Domestic Product (GDP) figures the government of each respective countries has allocated as the stimulus package to bring the economy back on its feet both during and post Covid-19 pandemic. In fact, Malaysia is doing pretty well — having allocated over 15% of its GDP while Australia allocated close to 5% of its GDP with many programmes outlined to help citizens weather through the storm while creating opportunities for investors especially to enter into the Australian market.

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