OTOH, it might be the first to suffer from the consequences of global climate change, wirh a continent that was never very hospitable to start with suddenly becoming even more hostile. In the long run, we're all dead. John Maynard Keynes
The immigration and strenght of the economy make any recession quite unlikely, especially if we talk about house prices, there is a affordability crisis and lack a supply.
my state, Queensland, runs at 5% of growth and 3% unemployment (and still dropping).