Advertisement
Back in February, the NSW Productivity Commission lamented that excessive housing costs were driving younger residents out of Sydney, resulting in a “brain drain” of 30 to 40 year olds.
The NSW Productivity Commission found Sydney lost about 35,000 people aged 30-40 between 2016 and 2021.
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.