Time to return to normal

Jul 28, 2020

Q. Thinking about the future, how long do you think it will take for the following to occur?

LAST MONTH (22/06) Within the next six months Seven months up to one year One to two years More than two years Never
A Covid-19 vaccine will be developed 11% 22% 43% 20% 4%
Quarantine will no longer required after international travel 12% 27% 35% 22% 4%
The housing market will return pre-pandemic levels 11% 22% 38% 25% 4%
International travel will be allowed without restriction 10% 23% 39% 24% 4%
Unemployment will return to pre-pandemic levels 8% 17% 37% 33% 6%
The population will build resistance to Covid-19 through exposure (herd immunity) 8% 15% 31% 27% 20%
Australia will pay off its national debt 5% 9% 12% 52% 22%

 

  • Expectations of the effect of the Covid-19 have lengthened in the past month, with more people now thinking the impacts will last for more than two years.
  • 32% expect it will be over two years before quarantine following international travel is removed (up from 22% last month). Similarly more people now think it will be over two years before housing prices (25% to 38%), unrestricted international travel (24% to 38%) and unemployment (33% to 48%) return to pre-Covid levels.
  • 26% do not think a population-wide resistance to the disease will ever be achieved.

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