Advertisement
During the pre-COVID mass immigration boom, Sydney was swamped with high-rise towers, with 211,000 high-rise apartments built in the decade to December 2020:
Sydney was swamped with high rise towers as immigration boomed.
With net overseas migration (NOM) now frozen, and thousands of locals leaving Sydney for greener pastures, people are questioning why Western Sydney is still being swamped with ugly high-rise towers that destroy amenity and livability. From Domain:
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.
Advertisement