It surely is no coincidence that the two state capitals that have had the clearest evidence of declining house prices over the past couple of years – Brisbane and Perth – are the two that previously had the highest rate of population growth and that have since had the biggest decline in population growth.
Several of the measures to be implemented in the context of the second review will contribute to the return of confidence. For example, the establishment of the out-of-court workout framework is expected to restore the financial viability of healthy enterprises and support investment and growth. At the same time, it will contribute to improving the balance sheets of banks and of the state.