Perrottet joins Queen Lucy on march to guillotine

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By Leith van Onselen

The sweeping political backlash in Sydney against mass immigration has clearly been lost on NSW Treasurer, Dominic Perrottet, who claims Sydney has plenty of room to grow and has wholeheartedly embraced a city of 7 million people by 2039. From The SMH:

According to NSW Treasury projections… – in the year 2039 – the population of NSW will have reached 10.2 million – about 30 per cent more than now. Sydney will be on the threshold of being a city of 7 million…

There’s plenty of good news in the long-term projections. On current trends, the state’s population will be much wealthier in 2039 than it is now…

“I think the opportunities are endless,” says Perrottet…

“If housing affordability isn’t top of the list it’s very close to it in terms of the issues that my generation is facing and certainly the next generation is going to be facing,” he says.

Perrottet argues that the government’s “three-city” strategy – where the Sydney metropolis is recast as an eastern city, a central city around Parramatta and a western city, will make housing more accessible for young people. He predicts the additional housing associated with the strategy “will certainly have an impact” on housing affordability…

If Perrottet genuinely wants “to make sure that our kids, and their kids, have a better life than we have”, then why is he endorsing mass immigration and a ‘Big Sydney’? Because this policy is guaranteed to reduce the living standards of future Sydney residents.

How do we know this? Well, traffic congestion has already worsened dramatically as Sydney has been stuffed with people:

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And Infrastructure Australia’s projects that under every build-out scenario, traffic congestion will deteriorate further, as will access to jobs, schools, hospitals and green space:

Meanwhile, projections from the Urban Taskforce shows that access to a detached house with a backyard will evaporate even further as Sydney morphs into a high-rise ‘battery chook’ city:

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The massive backlash to Sydney’s growth has occurred from the city’s population increasing by 950,000 people over the past 13 years. And yet Perrottet is spruiking an “incredibly bright” future as Sydney adds double this amount again in just the next 21 years. That is delusion.

The quality of life that Sydneysiders have enjoyed for generations is being destroyed before our very eyes. And for what? To service the needs of the ‘growth lobby’ pulling Perrottet’s and Queen Lucy’s strings.

Sydneysiders need to march both to the guillotine before their living standards are bulldozed into oblivion.

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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.