Immigration and foreign investment are making this city increasingly unaffordable, forcing middle-income Sydneysiders like me out.
Fear not ye renters, aspiring homeowners and the budding youth of Sydney: your premier has a plan to save you from housing doom.
In isolation, this plan could be good as a guide for future development in our city. The sprawl of Sydney’s outer suburbs, where large houses sit cheek-by-jowl, tree cover is minimal and cars reign supreme, is an anachronism in a world of rising temperatures. And despite occasional rhetoric, neither major party have made any significant moves to tame the flows of people and money that do much to drive up Sydney’s housing costs., net overseas migration added 454,400 people to the country in the 12 months leading up to March 31, 2023. Going on historical trends, Sydney can expect to have absorbed about a third of that figure, approximately 130,000 new residents in a single year.
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