The Sydney suburbs where Millennials have replaced Baby Boomers and Gen X | michaelkoziol & CraigDButt
Millennials have become the dominant generation in Sydney, particularly the inner west, the Hills District and the outer west, but Baby Boomers are still entrenched in many of the city’s affluent harbourside locales.
Generation X, born between 1966 and 1980, remains dominant in some parts of Sydney, especially around the north shore and sections of the northern beaches – as well as the Balmain peninsula and Rozelle. “There are very few Millennials that can compete with Baby Boomers on those prime property prices,” Kuestenmacher said. “They’re great NIMBY councils, they protect the heritage of their suburbs, so they make sure that not enough housing development is occurring in their suburbs.”
The Australian Bureau of Statistics noted in June that an increasing number of Baby Boomers – 7.4 per cent – now required assistance with core activities. Last year’s census marked the first time that Generation Y matched the size of the Baby Boomers, traditionally the largest generation; they now both account for 21.5 per cent of the population.
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