Advertisement
In the 2017-18 financial year, Sydney added a whopping 93,411 people, driven by a 77,091 net overseas migration (NOM):
And in the 14 years to 2017-18, Sydney added a whopping 1,045,000 people, again driven overwhelmingly by NOM.
Residents across Sydney feel the impacts everyday, from being gridlocked in traffic, being sardine packed onto a slow moving train or bus, being stuffed into an expensive faulty apartment, or being unable to get a place at the local school or hospital.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.