As migrants flood into Sydney, locals are pushed out

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By Leith van Onselen

Yesterday’s capital city population figures from The ABS revealed that Sydney’s population ballooned by 93,411 people in 2017-18, driven by 77,091 net overseas migrants, who accounted for 83% of Sydney’s growth. At the same time, 27,264 locals departed the city:

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

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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.