Sydney risks becoming ‘city with no grandchildren’ as housing costs push out families, expert warns

Abstract

The Productivity Commission says 45,000 extra dwellings could have been built in Sydney between 2017 and 2022 by raising building heights.

Sydney is on track to be “the city with no grandchildren” as high housing costs drive young families to the regions and interstate. New South Wales Productivity Commission research found Sydney lost twice as many people aged from 30 to 40 as it gained between 2016 and 2021. The driving factor for the exodus was unaffordable housing costs, highlighting the need for greater housing density across the city, the research found.

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