History has shown that no matter what internal and external shocks batter Australia, our economy always bounces back.
- During the 20th century, we coped with two world wars, the Vietnam War, the Great Depression, regular recessions, two oil shocks and stagflation in the 1970s, the stock market crash of 1987 and the Asian Financial Crisis of 1997
- This century we’ve been hit by the GFC, the dotcom crash, the eurozone crisis, SARS, ebola, swine flu and, of course, COVID-19
- Despite all this, our economy has expanded by an average of 0.85% per quarter or 3.4% per year since 1959
- Our property markets have also recorded strong growth over the long-term
| City | 1973 | 2020 | Growth |
| Sydney | $27,400 | $1,001,350 | 3,555% |
| Melbourne | $19,800 | $809,700 | 3,989% |
| Brisbane | $17,500 | $551,750 | 3,053% |
| Adelaide | $16,250 | $477,150 | 2,836% |
| Perth | $18,850 | $458,600 | 2,333% |
| Hobart | $15,200 | $520,200 | 3,322% |
| Canberra | $26,850 | $704,850 | 2,525% |
(Based on comparisons of 1973 median house prices in a Department of Parliamentary Services report with February 2020 median house prices from CoreLogic)
- Australia is well-placed for future growth because we have a stable political environment, strong institutions, plentiful natural resources and significant population growth, while literally millions of well-educated overseas residents are clamouring to move to Australia