June 27, 2017
Source: The Daily Telegraph
Author: Kylar Loussikian
27 June, 2017
MORE than half of young Sydneysiders are considering fleeing the city in the next five years because of the high cost of buying or renting a home, long commute times and the city’s lack of night life.
The figures come as The Daily Telegraph can today reveal some of Sydney’s wealthiest suburbs are building a tiny fraction of new homes, while thousands are developed in Blacktown, Parramatta, Liverpool and Camden instead.
Cities Minister Angus Taylor said it was Western Sydney which was shouldering much of the load. Mr Taylor, writing in today’s The Daily Telegraph, has warned that failing to deliver the infrastructure to back the jump in new houses would “simply rob future generations of home ownership” with easy access to work.
“Soon Western Sydney will be a major city in its own right,” he said. “What is now critical is that this housing growth is supported with infrastructure and services.”
His comments follow the release of new Ipsos Public Affairs polling by the Committee for Sydney, which shows nearly one-in-three people have moved within the last five years due to the high cost of buying or renting.
More than one-third are considering leaving Sydney in the next five years for that reason, a figure considerably higher — 53 per cent — among the young.
Committee for Sydney chief executive Tim Williams said the economic future of Sydney, and its future competitiveness, would be at risk if there was a brain drain.
“For Sydney to reach its potential we need to invest in our future housing and public transport needs,” Mr Williams said.
The polling, taken from 1000 responses, found only 46 per cent were satisfied with Sydney’s night-life, and 51 per cent would stay out later if there were 24-hour public transport options available.
About half — 53 per cent — would support the construction of small apartment blocks, while 48 per cent were in favour of unit buildings of five storeys, and 31 per cent happy to see more 10-20 storey options available.
But Planning Department figures show most of the approvals in the past three years have been in Sydney’s west despite the councils with the lowest approval figures often the nearest to jobs and public transport.
Mosman had the lowest number of approvals over a three-year period analysed by this newspaper with just 219 dwellings approved, followed by Ku-ring-gai on the North Shore with 423 and Waverley in the east with 462.
Family show how to coast in life
WHEN NEELEY Molinaroli first fled Sydney because of soaring house prices she kept waiting to be struck by regret.
Ms Molinaroli, who works in marketing, and her husband Andrew ditched Sydney for the Central Coast eight months ago after realising they’d never be able to afford a home for their three daughters if they stayed in the city.
“We didn’t know anyone in the Central Coast and I kept waiting to have an, ‘Oh my god, what I have done’ moment, but it hasn’t come,” she said.
The family have been able to slash their rent in half and are now looking at buying their first home.
That’s a feat that would have been impossible if they stayed in the northern beaches.
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