Yeah but it doesn't matter if we are because if rest of the world doesn't recover than we'll feel the effects as we are heavily reliant on foreign investment either through the purchases of our resource, selling overpriced housing and charging 5.50 for chai lattes. You can argue with the money printing that at some point we'll have inflation which would put the prices higher for punting.
Also as less travel and less students come to the market there's less choice = less supply so WL can manipulate the market and set a base price. 30mins in Western Sydney (Parra) you still have WL from Thai/China charging 150 which seems crazy in the current economic environment.
At the same time you might have massage and half broken Brothels in Western Sydney lower prices to get some demand back but I think Punting is pretty elastic. While on the other hand some households might be stretched post the repayments deferrals or no jobs. This is pretty deflationary for punting but let's see what specials/promos shops have. I personally think Private WL will be affected as they charge more and offer shitty service, unless the Rent discount has fallen enough to offset the discount in the prices they charge.
Might start seeing some 100/30mins but I'd rather fuck a old Chinese hoe at the shop or get a CIM from one at a massage shop.