Sydney housing crisis deepens as auction clearance softens
Sydney's housing crisis has entered a new phase, with auction clearance rates softening, mortgage servicing costs climbing, and the NSW Government acting.
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Sydney's housing crisis has entered a new phase, with auction clearance rates softening, mortgage servicing costs climbing, and the NSW Government acting.
Sydney's housing crisis is no longer a problem for the distant future or for a marginalised few. It has become a defining feature of the city's economic.
Australia's population has reached 27.7 million. The figure, confirmed by the Australian Bureau of Statistics, arrives without fanfare but with consequences.
It treats a complex system failure as a simple numbers problem, and it absolves Australian governments of 30 years of policy failure on housing supply.
The Minns government's proposal to rezone 168 hectares of the eastern suburbs for up to 9,400 new homes, with building heights of up to 34 storeys.
There is a pattern in NSW politics that has become impossible to ignore. A crisis is declared, a deadline is set, and a suite of reforms is rushed.