Australia’s housing crisis is costing Sydney more than $10 billion a year, as people and businesses begin to look elsewhere, according to a new report from the Committee for Sydney. This comes after Sydney’s housing market was ranked the second least affordable in the world, overtaking London, Amsterdam, and Toronto over the past decade – Hong Kong still remains the most expensive. Committee for Sydney CEO Eamon Waterford joined Sky News Australia to discuss Sydney’s growing housing crisis and what the future holds for Australians searching for a home.
Australia’s housing crisis is costing Sydney more than $10 billion a year, as people and businesses begin to look elsewhere, according to a new report from the Committee for Sydney.
This comes after Sydney’s housing market was ranked the second least affordable in the world, overtaking London, Amsterdam, and Toronto over the past decade – Hong Kong still remains the most expensive. Committee for Sydney CEO Eamon Waterford joined Sky News Australia to discuss Sydney’s growing housing crisis and what the future holds for Australians searching for a home.
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