Reports are finding Sydney is haemorrhaging young people and alarm bells are ringing about what sort of city it is going to be in a decade.
Removalist comparison website Muval released figures showing Sydney’s outbound moving inquiries were the most of any major city.
“With more people moving out than in, Sydney’s net migration took a turn for the worse, dropping back to -49% in September from -42% in August,” the report stated.
And most of those figures are young people. A report the NSW Productivity Commission warned that Sydney lost twice as many young people than it gained in five years.
According to the data, about 35,000 people aged 30 to 40 moved to Sydney between 2016 and 2021 – but an estimated 70,000 fled.
Productivity commissioner Peter Achterstraat said the city is at risk of becoming “the city with no grandchildren”.
The state government has proposed a three-pronged attack including rezoning, more high-density housing including flats and terraces and more community infrastructure to support high-density living.
What do you think? Should we just accept it’s part of life to find somewhere cheaper to live or should we reshape our cities?
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