The Biggest Infrastructure Spend in History

The virus may have triggered this downturn. But it's the fragility of Australia's economic makeup that has our governments panicking. We have a houses and holes economy.
Australia's economic complexity is dismal. We're down at number 93 on the list - just above Pakistan. About 70% of the products we sell to foreign buyers, on a net basis, are minerals and energy. The rest of our wealth is mostly tied up in a $6.9 trillion housing market. One that breathes by way of population growth (mainly from immigration) and high levels of private debt.
Catherine Cashmore,
Cashmore & Co Real Estate
BiziNet Magazine #102 - June/July 2020