Peter Martin: Sydney “benefits” as migrants force locals out of city

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By Leith van Onselen

Open borders extremist, Peter Martin, penned a curious article yesterday on how Sydney has “benefited” from extreme levels of immigration, which has forced locals to leave the city:

Sydney is running a “population deficit” with the rest of the country, new census figures show.

The figures for population movement released on Monday show that although Sydney benefited from an enormous inflow of migrants (399,620) in five years leading up to the census, it lost population to every region of the country.

Sydney sent 27,670 locals to Melbourne…

It sent 21,480 locals to Brisbane…

It sent 27,670 to regional Queensland…

The exodus was particularly pronounced in regional NSW, which benefited from an outflow of 105,060 Sydneysiders…

The picture painted by the Bureau of Statistics is of a city that has become the primary destination for immigrants who displace locals who move to other parts of Australia and other parts of the state…

“Benefited”? How about “suffered”.

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Fake left mass immigration advocates like Peter Martin call it ‘cultural enrichment’. Everyone else sees it for what it is: housing unaffordability, wage stagnantion, congestion, pollution, and an overall deterioration in living standards.

One only needs to look at the housing market to see why locals are being forced-out of Sydney.

The cost of a dwelling in Sydney has rocketed to insane levels:

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Driving the home ownership rate for those aged under-40 through the floor:

With the proportion of households thrown onto the rental market growing massively:

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And more than half of lower income households in ‘rental stress’:

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Why does Martin think it’s beneficial for incumbent young Australians to be forced to move from where they grew up just so they can make way for the 76,000 migrants projected to flood Sydney each and every year?

If Martin and his fake left colleagues were genuine about addressing housing affordability for young Australians, they would abandon their open borders rhetoric and argue to slash Australia’s ‘Big Australia’ immigration program to sensible and sustainable levels.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.