Australia’s stagnant population growth is the biggest bottleneck on long-term economic recovery, the property industry says. “The Government has overseen a remarkable economic rebound, but the budget papers reveal that population growth will quickly become an anchor for our economy,” Property Council of Australia chief executive Ken Morrison said. Population growth is at around 0.1 percent currently in Australia. However, the net overseas migration is estimated to see Australia lose 97,000 people by the end of 2020-21. It is the greatest net loss in overseas migration since 1916. Morrison though believes the lack of growth will “catch up with us” as economic and employment growth expectations slow down over the forward estimates. “Population growth is not an optional extra for Australia’s economy. Without it we cannot sustain our economic success over the long term,” Morrison said. “If safe immigration is not resumed until well into 2022, Australia risks losing ground …