Sydney is at risk of becoming “the city with no grandchildren”, a senior government official has warned, as high housing costs drive young families to leave.
The state capital is losing twice as many people aged 30 to 40 as it gains, according to a paper by the NSW Productivity Commission.
“If we don’t act, we could become a city with no grandchildren,” the agency’s commissioner Peter Achterstraat said.
The exodus of that group is a problem, according to Mr Achterstraat, because people in that age range are among the most productive in the workforce.
“They’ve generally completed their training, they’ve had 10 or more years’ experience, and the majority are tech savvy,” he said.
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