Higher education in Australia is an amazing growth story, but
what is the impact of a global pandemic?
We can cautiously celebrate the way in which we have contained
the COVID-19 infections in Australia and rejoice in the pending
freedoms that will see a return to face-to-face teaching blended
with online learning. It is clear however, that the higher
education sector has suffered a heavy financial blow, from which it
may not fully recover without significant reform.
With the Group of 8 conservatively estimating a revenue downturn of
$2.2bn it is hardly surprising that the recent survey by
KordaMentha and TMA
i flagged the economic impacts for the next 12
months on the education sector are 5th, only behind hospitality,
tourism, retail and real estate.
