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Higher density key to solving Sydneys housing crisis [Video]

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Productitivity

NSW Productivity Commissioner Peter Achterstraat has perfectly captured the real cost of Sydney’s housing crisis: “If we keep playing musical chairs with too few homes, it is the youngest and lowest-income people among us who will lose.”

His words are in the forward of a new commission report What we gain by building more homes in the right places. And Achterstraat names those places closer to Sydney’s CBD where the biggest gains would flow to low-and-middle income earners. The report argues we can make Sydney better as it gets denser.

The commission’s latest report on how to make housing more affordable and make the best use of Sydney’s infrastructure unveils how unequally the housing crisis has fallen on the young. City rental prices have led to a mass exodus of people aged 30 to 40. The …

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