A panel of young Sydney leaders, facing the city's housing crisis firsthand, share their experiences and propose solutions. They highlight crippling HECS debts, an inaccessible housing market, and the allure of more affordable cities as drivers behind the exodus of young people from Sydney.
Exploring the big and bold ideas of Gen Z leaders to address Sydney ’s housing crisis - before it’s too late.When Zachary Moore decided to study urban planning, he knew he had to move from Newcastle to Sydney to seek opportunity. Then he felt the bite of the housing crisis.
“I’m in planning, and planning pays pretty well. But if I want to buy a home, I can’t afford Sydney. I can’t even afford most areas surrounding Sydney.”, a place to study or live for a few years, and then leave when the realities of the housing crisis become too much. Before the Hawke government introduced HECS in 1989, higher education was free for 15 years – which means Gen Z are unable to reap the benefits previous generations experienced, said Ardouin.
The 25-year-old said that for young people coming to Sydney for study, being forced into the competitive and expensive rental market sets them back and creates a disadvantage that isn’t experienced by those who can live at home while studying.However, even for those who can live at home, housing is not an easy ride. Matthew Thrum, a planner at private firm Ethos Urban, was able to purchase a small apartment in the inner west after saving for a deposit while living at home.
“I genuinely feel that there is greater recognition that there is a housing crisis among ... I used to find almost outright housing crisis denial … I feel like that has faded a little bit.
HOUSING CRISIS Gen Z SYDNEY HECS DEBT AFFORDABILITY
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