Are The Rats Leaving Sydney’s Sinking Ship?
Вставка
- Опубліковано 2 жов 2024
- 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.
www.martinnorth...
Go to the Walk The World Universe at walktheworld.c...
Today's post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high - price discovery and price transparency are hard to find - then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Find more at digitalfinance... where you can subscribe to our research alerts
Please consider supporting our work via Patreon: / digitalfinanceanalytics
Or make a one-off contribution to help cover our costs via PayPal at: www.paypal.me/...
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things....
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on UA-cam, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram
ooh lovely diversity.I am the guy you described. 32 year old techworker. Already sold the house. Company agreed to full time remote work. Heading for the south island to get away from diversity. The aggression from diversity that my kids deal with is unreal. I doubt they'd survive their teenage years in Sydney.
😲😬😬😬🥶🥶🥶
Just be aware you'll have to move again later this decade. With W w * now beginning both NZ and Aus' get inv@ d * d at the end of this decades. Check my public pl @y l !sts to see what I'm talking about.
Chile, Argentina and Ecuador will all be "safe zone countries" to emigrate to. You think it's bad now, wait until we both get colonized by 🇷🇺,🇨🇳 & 🇰🇵...
Don't worry Sydney, lots of young Palestinians will soon be on their way.
No farmers=no food
No politicians=more peace, greater prosperity, better health and increased freedom
We have been conditioned to think that only politicians can solve our problems. Maybe at some point we'll wake up and recognise that it is our belief in politicians and authority which is the problem.
Amen to you.
Only immigrants can improve Lithgow and penrith and whalan and mt druitt and airds
You spelt central banking wrong
Most of our politicians are working against us. Where do they get their orders from? World Bankers and WEF. Prove me wrong.
Whe have the same thing here in Europe bro
Want to see the future of Australian cities , ...take a look at L.A, San Francisco, and some suburbs of London too😮
We need to change the immigrant laws with Philippines and other countries. Currently they are committing an immigration war, exporting their young and importing the old (Philippines retirement visa) this must reverse. Australia should follow HK and have a domestic helper scheme where they are never allowed to become residents, but make the age from 46 onwards.
Dunno about rats, but I will tell you Sydney is a joke for accommodation costs. We've lived overseas for many years (south London, and southern Spain), and can tell you without a doubt, that even London is far cheaper to live. I cant wait to leave here again. As soon as my youngest child is done with high school (Nov 2026), we're gone. Absolutely no way in hell are we going to put up with this a second longer than necessary.
see ya!!!!!
London 🤮
I live in the WA Goldfields. This information has shocked me so much that I've literally had to go to my barfridge and get another beer 😢.
Cheers ...😂
Coopers I hope. Please don't tell me it's Corona...
With high immigration, high housing costs and high cost of living in general Australia will become the country with no kids.
It will be a destination to live work and die for adults.
Birth rates have been declining for some time and immigration currently accounts for 81% of population growth.
If that doesn't tell you something is wrong, nothing will.
They choose no kids and higher abortion rates supporting abortion bans. Insane lib, lab Nat COALition
Lots of kids but just none from a western background. They want them gone from the west.
Oh it will still have kids, immigrants, especially ILLEGAL IMMIGRANTS seem to have no problems breeding dozens and relying on taxpayers funding to raise them.
did you even try to hire these kids you are worring so much? Who spent their childhood studying chemical photo, rhetoric, performance art and gender theory? Who can not find a power plug to connect properly? Who has not a single idea about responsibility, quality, risks, costs for anybody else? Who struggles to add 25 to 50 without a calculator? NO NEED. All talks about "they will work" are bs, they will never work and produce. They can not. Thanks to happy childhood and inclusive school.
There will be plenty of children, it's just that they won't be ours.
Poor Irish twenty somethings going down under to avoid this very same issue caused also by migration. Best stay at home. Out of the frying pan and into the fire comes to mind.
I returned to Ireland from Australia just over two years ago, other than everyone telling me I'm mad for leaving Australia, I've been telling people that it's not all beer and skittles down under. Ireland is fast becoming an enriched sh1thole.
NO, the civilised people are leaving the city for the rats
The problem is where do the Rats go to as housing is expensive in country towns as well. Rentals are tied to the House prices and that is making renting too expensive as well.
there in perth
Rental prices are determined by the shortage. House purchase price is loosely tied to rental prices and interest rates and tax rules. The problem is there is a shortage of housing in Sydney and country towns.
Sydney....more like Australia, half a million for basic house is ridiculous
1.2 million for an old housing commission house in Mt Druitt. You're six months behind.
😂😂😂
.5 mill won't buy anything half decent in regional Qld these days
So I guess the Australian dollar's purchasing power is actually gone to s
@@Zeus-rq5wn With A.I around the corner how are people going to pay?
Walk down George st and you would believe your in bejieng
I call it Chindia now.
What's wrong with that?
Chinese immigrants raise the quality of the food and lower the crime rate.
Welcome Chinese u can improve Lithgow and penrith and whalan and mt druitt and airds
@@Arasaka😂
Europe, North America ,Australia bit of a trend developing.
Remember that the real estate agents are mostly to blame for the situation we are in the more they sell the house for the more they make, the government should set a limit on the agents fee and not a percentage, stop developers supplying land a housing, the government's should be the one's releasing land
Real estate agents are just blow flies on existing circumstances, they are not the butcher.
In the south of Spain, the commission is usually about 5%. Australian commissions are low by comparison.
Australia doesn't need socialism
The gov is actually behind these high costs, it suits their agenda
Yeah put the rent up for No reason.
GREED
The bird flew for Sydney probably 20 yrs ago at least.
It's not prices going up... it's the devaluation of your currency.
How could you tell if it was both?
Not enough supply = not enough for everyone to have 5 houses. Some will have to go without
Indeed. We left 6 years ago for Brisbane. A lot more affordable, and a different ethnic demographic. I've been watching a few UA-cam videos of Canadians, Brits, Americans moving to Russia of all places. They love it, the shelves are full, and real estate is a lot more affordable.
Yes, and you forgot to mention that they have a great lifestyle because they have NO IMMIGRATION!!!
Our current infrastructure can barely look after our existing population while protecting our natural environment. Instead of importing the best & brightest from poorer nations that can't afford to lose their brightest professionals, we should be training more young Australians to enter these professions. Imagine reinvesting in our infrastructure and our people instead of wasting so much money on _the_ _current_ _thing_ . Come & visit as a tourist by all means, but permanent residency should be very hard to get.
It won't take long for people to wake up then start moving back to Melbourne which is investing in public transport & infrastructure.
In opposite. We need best and brightest, not average homegrown school kid who can not add 2 and 3 without calculator.
@@antontsau - Investing in AUSTRALIANS is the go. We already have enough people. Better health, genuine education (not indoctrination) & public utilities run to provide essential services not to generate massive profits would be wonderful. Let the majority of educated foreigners improve standards in their wonderful nations. Come visit by all means, but unless it's truly a skill we can't grow here, our population is large enough as it is.
@@TrailerYacht we have 25mln of people and nobody to work. Its not a question of investment, its just quality of this youth provided by the whole school system. It must not be improved, invested or developed, it must be completely demolished and built from scratch. Without happy childhood, progressive bs, inclusity and divercity, performance art and - yes, you are right about indoctrination - permanent lie. They are not usable at all, even as plumber apprentice.
@@antontsau - We are in total agreement - rebuilding from scratch is the start. We have lost so much.
Cairns in North Queensland has the most potential it has an entire mountain plateau (Cairns and Queenslands food bowl ) with large towns, small villages with more green then your senses could handle, 800 - 1000m2 for $180 - $220k 1hr from Cairns. I went out a little bit further for peace and quiet and got 3 acres of flat wooded, rich fertile soil for $100k with power and water at the front fence, building a shed to live while I sort out the house and vege gardens, 40 min from Atherton ( large town with all facilities including a brand new big hospital ) or 1.5hrs from Cairns ( depending on how fast you want to drive as the scenery will certainly slow you down. Nice temperature 30-35 in summer and -1 in the winter ( ideal for outside fire place ). Anyway, enjoy your traffic, tolls, junkies, crime, immigrants screaming at you in foreign languages because you are in their city now, I will be thinking of you with my hot coffee on a nice crispy night around my open fire
good idea with one problem - what to do there in Cairns? Where to work, how to get at least $100K pa? Even in Adelaide.
And it's hot
@@antontsau depends on what your profession is, $100k in Sydney might get a site way out the back of Penrith to put your tent up. Cairns is not like that, you can still buy a 3 or 4 bed home for $450- $650k depending on how much land you want and how big of a house you need. If you are in government, health you will get $75k plus….mining, machinery operator, trades…$120k plus, if there is two of you working you will clean up, they pay fruit pickers $35 per hr, all the Kiwis and Tongan’s do it to get started. You would be surprised at where the little honey holes are, if I can give you a tip, go where the people aren’t, as they are desperate for people, the further remote you go the more money you will make
@@keithcragg6474 I am electronic security tech. Cairns - no way, nothing to do there. Even in Adelaide its not survivable, I spent there 2 years due to all these virus affairs in NSW - impossible to work. 45ph and be happy. Yes house in Adelaide will be 400-600k, but with 90k pa it is much gar away than in Sydney where I have 150k.
For machinery operator or so - mb, no idea. If you can insert a boot in this mining door.
Greed and stupidity rule the roost... everything has a breaking point ...
Don't worry AI has already mapped our future.
It's pretty rude to call people making rational economic decisions rats. Sydney has brought this on itself. If the work in Sydney "needs to be done" then it will proceed at a price commensurate with the incomes required to maintain families in reasonable amenity and security, and not in dangerous sub standard dog boxes ten stories off the ground. Gee I can't think why families with established careers and skills would want to leave such an aspirational waste land, where prospects for both parents and children are so limited. Next, industries will leave too, following the work force and finding cheaper establishment costs into the bargain. Sydney will be filled with migrants and the greenfilth -voting elderly. So instead of encouraging population spread and economic development beyond the Great Dividing Range, NSW government will probably start taxing people in the regions more heavily, and continue to block such developments as tunnels under the Range and reliable cheap energy generation.
Pretty rude to discriminate and call the elderly names.
Awww there there
Comprhension is not your strong suit is it@@Zeus-rq5wn
Battery high rise housing for children. Only a Green ,the Public Disservice, an arty darling or a refugee from a foreign slum would suggest that.
Grand children are overrated. As long as the old wealthy Sydney residents have an abundant supply of cheap imported labour, then job done Albo. Sydney and the rest of Australia is now for the exclusive use of the wealthy and their slaves. The remainder need to look at SE Asia for their future, especially if you are young and well educated.
A wise person will relocate and live where they and their money are best treated. SE Asia is the go. No woke issues (incl no ABC TV BS) , no funding "special interest groups", far lower taxation, affordable housing and living expenses, and far lower crime (esp politicians) rate.
Malaysia welcomes all :)
Australia's people once lived by the mantra of "populate or perish". Sydney's population now lives by the mantra of "depopulate or perish".
Ive been writing to MP's in NZ, no reply yet. Philippines is in a mild immigration warfare with NZ, and I'm sure Australia. They export the young and import the old (Philippines retirement visa), this must reverse. Singapore and HK know better, they have a domestic helper scheme and never allow them to become residents. Australia and NZ should do the same, expect with a minimum age of 46 to stop them breeding.
Heritage is a spectacle to observe but not practical for life in todays society. People don't want to live in small, gloomy old cottages and terraces and they do not support the current population.
Sydney died years ago…
The underlying problem is too high immigration. Yeah, that's what the aboriginals have been saying for the last 200 years.
I’m thinking of retiring in SE Asia . Easier, cheaper, healthier.
I'd like to know the age group of the immigrants coming to Australia and the family repatriation, how many, they are not counted.
Yes, the argument for more housing strikes me in two ways Martin
I understand your take but I do see one good thing about the way they are heritage listing everything
And that is this
The character of Sydney will be protected, and ultimately property values won't get degraded, as they are going to be elsewhere
I was in Perth which is getting ruined now
In 2 years all hell has broken loose
Greedy devdlopers and corrupt councis have led to once gorgeous leafy suburbs sith open space for fsmiies, giving way to dog-box developments and high rise, even in Nedlands - rich people could not even stop the scourge
It is sickening, it is a horrible place now.. can't swing a cat, no green space, no famiy room to run around, very depressing to see greed steal the guts out of all WA had...
It was a lovely place without highrise and infill... it is a pitiful sight
An irreversibe blight
What has been sold-out is the birthright of future generations
A huge mistake 😭
Heritage that won’t be 800m away from a main transport hub*, see the Minns gov proposal
If Australia gets any worse the refugees won't want to come here at all... (I just watched a video on refugees in USA, and one interviewee said it was worse than the country he fled from. I mean, WTF???)
@@jasonh.8754 well, I know what you mean when the government allows pop-up tent cities and creates circumstances where people are sleeping in cars on mass. It is so silly that Australians vote for low grade politicians, they always vote for an 'office boy' fit only to get tea and coffee? They need to appoint a person with commercial skills that can run a country like a business, but the person must have morals and a leaning towards preservation of good environments to support nice lives for families. Certainly a young person, that believes in God and wants to balance a good economy with moderate immigration policy.
All advanced nations are on the grab for migrants to assist with their aging populations, but moderation is the key.
Broad sweeping changes will bring disasterous unintended consequences.
The character of Australia does stand the risk of being lost, as America's national character has...but I do not think we are there yet.
As a 57 year old female teacher, trained lawyer and economist with business experience and a heart -certainly I would be a better leader for the country than any of the politicians in the parliament today.
@@jetplane10You would never be able to be a politician now. They are selected by their corporate donors for their compliance to the corporate agenda, which includes mass immigration.
Govt policies are formulated by the donors, and politicians are the salespeople for these policies, most of which are against the interest of normal Australians.
Theres Duttons Productivity. Wonder How WONDER WHY? Just LIKE MY SMALL ISLAND IN THE PHIL. MAKE IT UNESCO ACCREDITED EVERYTHING NOW EXPENSIVE.
Who would choose to live in Oz now?
They come up to Queensland and winge that the environment ,services and people are not like it is in Sydney. No sh&t Sherlock it’s not like Sydney because it’s not Sydney. And we’re supposed to change everything to suit the ex Sydney siders in stead of them working in with the new community.
Lol - leave Sydney because it's too much like Sydney, then complain that the new place is not like Sydney enough. This is how the cancer spreads.
Rats or the smart ones?
Yes, I am smack bang in the middle of that group and millennials are fleeing because its their only chance to start a family.
The children of Sydney will be imported to balance the demographic pyramid. As they presently are.
Robotics and AI by 2030 will reduce logistics labour significanty...a large employee of mid to low skilled labour
Oh no! The consequences of my actions! How could they!
Make Sydney better place - LEAVE! If "young productive family" can not afford Sydney live - it MUST go away. Adelaide waits for bogans!
Because it is not "productive". Its just another product of Australian school system who is not suitable even for plumber apprentice but definitely wants 3br house not far than 10 minutes from CBD.
Sydney really isn't THAT good unless you're in the top 1%, but the top 1% can afford a great lifestyle anywhere.
Average folk are burning the candle at both ends, and the end result of their efforts is pretty mediocre.
Wonder what the statistics are for how many people left during times of Covid??
They leave Sydney because it’s too expensive and move to Brisbane and make that expensive.
High rise will be everywhere.
NSW labour minister confirmed it on a radio show recently. Also Chris Minns is a little hat and the biggest developer is one too.
Who cares? Sydney is not the center of the universe. There have been maps made where west of the blue mountains havw been removed and named terra nullnious ,which is latin for "f*+k all"
QLD is looking good atm. All friend have moved there
Please stop. The place is already feeling enough negative effects of the hoards of southerners coming up here.
@@jezg084sorry, but it's worse in Sydney, Aussies are being pushed out.
@@jezg084 I’d love to have a choice. I’ve pulled all strings to keep staying here. The only thing missing is a good future.
@@jezg084 anyway it’s not 5th generation Aussies you need to worry about. Without race getting involved, it’s the wealthy immigrants being let in which swamp our system and make a city unlivable. Maybe QLD turn will come next and our kids will all be moving to Adelaide or Darwin or worse TASMANIA
Over priced, over rated, over crowded. A place that just plain sucks.
Leaving Because they took this bloke's property advice.
they need cheap labor
they need cheap labor
HK gets cheap labour with a domestic helper scheme which Australia must follow. I've been writing to MP's in NZ, but no reply yet. In HK the domestic helpers are never allowed residency and never allowed to buy property. The only difference is we must make the minimum age of 46.
They are less than half the cost of the minimum wage but must be provided free food and housing.
The best thank you
You're welcome!
Hope not it's just going to drive up prices everywhere else.
Filipinos becoming citizens and buying houses drive up the prices. I've been writing to MP's in NZ, no reply yet. We must follow HK and have a domestic helper scheme where Filipinos and other nationalities can never become residents and never buy property. Except make the staring age of 46.
😂😂😂 what a joke Australia is allowing boarders to be erected within its own country so that people have no were to live 😂
@@easydoesit83. As a Queenslander myself I agree with this sentiment. We had realistic house prices until all the Mexicans from Sydney and Melbourne started moving here en masse post COVID. Now house prices have gone ballistic.
Yep. Destroyed where they were and are now moving on to destroy the next destination, this time it's South East QLD@@David-lr2vi
@@easydoesit83 Time to declare all of QLD a heritage area
@@easydoesit83 at least until we have homes and infrastructure to support them 😂
The mass migration ponzi scheme is demolishing our culture, wealth, and opportunities for our youth.
What do the government of all states More migrants and stuff Aussies
Because the 67% Aussies who own property will be in favour of more migrants propping up their asset prices.
@@johnnyhshify it's not 67%, it's 1/3 of people of property buying age. 1/3 have no mortgage, 1/3 have a mortgage and 1/3 rent. Then there are all those under 18 etc...
@@johnnyhshifysaid no-one ever
Sydney sucks. I gave up owning a home years ago. It’s never going to happen. I’m forced to live here.
Migrants
Does that include Thirroul Marty ?
We need more apartments or townhouses in the $1.5-2.5 range. We need councils within 5-15km of the city to allow more medium density development. There are plenty of double-income professional couples who grew up in the Lower North Shore and Eastern Suburbs who are now in their mid-30s with household incomes >$400k per annum but still cannot afford to buy any sort of 3 bed home in these areas because they simply aren’t building enough.
Big news - eastern suburbs do not build enough! WHERE they should build? In the air? Any tries to rise density immediately cause loudest whine about "these greedy developers destroy our community! They want to build second Bondi Junction! Stand up, protect our lifestyle!".
$1.50-$2.50 is too cheap to expect to buy. Since an ordinary job earns about $50,000 per year it would be reasonable to expect an apartment to cost $150,000. A very rich person being paid $120,000 per year should be able to buy a luxury unit for $360,000 or so
@@davidvanderklauw what you think - we are on Eden garden? Apartment costs 3 year income, food grows on trees and unicorns walking around? 120k (double) Sydney (low) income * 30% = 40K. /6% interest = 650K price. Not 150 as you dream, this is penal colony not a sanatorium.
@@antontsau You have no historical perspective. Inferior housing such as units used to cost 3 times a single salary. This is easily achievable. A humble unit can be constructed for $150k and sold for a profit if certain other factors are sorted out.
@@davidvanderklauw inferior is slu0m house. Good unit is not so easy and cheap and it is really good. But costly.
I lived 2 years in 3br house and now returned to my unit. Unit is better. Even if ot is 1.5 times more expensive.
You are following the British, well done.
We need to move out into the country areas and we need an inland mega city
international students need somewhere to live too.
Only immigrants can improve penrith and whalan and Lithgow and mt druitt and airds
My daughter just rented an old housing commission house in Mt Druitt that just sold for 1.2 million.
I don't see how anyone can fix this.
I hope that's humour
O well
Sydney is a city full of imported grandparents.
A lot of people who are young enough to want a decent life style are leaving the west for China and Russia which are still civilised countries. Once you see the graffitti on every available space the writing is on the wall.
😁
i am so sick of this useless government allowing these thousands to invade our country
when i go shopping i don’t know where i am mostly lions like i’m in Delhi
Welcome to the age of globalization. We are all third world deadbeats now.
The federal government must get off their fat arses and force the state government of NSW to rezone all suburbs east of the Sydney CBD to the coast to high density housing.
Blaming high immigration is a very naive cop-out when Australia's Total Fertility Rate (TFR) is 1.6 (need 2.1 for a population to be stable). We have too many town planners stuck in the 1970s and designing communities built around cars instead of people. There are some very well-designed videos on UA-cam that discuss this issue, just search for STROADS. Not only that, many of the long term economics of many of the new Australian communities being built are not sustainable after 20 years, triggering ever rising rate costs as large infrastructure repair costs are being charged to a small community of people.
You are missing out on basic math. Look at Australia's total population growth over the last 40 years. Look at GDP per person decline over the past 10 years.Sensible people do not start families without a nest. Immigration quantity and quality need to be addressed and Oz billionaires desires ignored.
@@ohdearearthlings1879 I dont understand the point you're making. What does the last 40 years have to do with anything? We cant go back in a time machine, and have to deal with the here and now. We can look at the trends, and see where its going, but again, we know its bad today and will be worse tomorrow. Whats your basic point? As far as families go, you're comparing a basic human desire to procreate with what, exactly? There are people all over the world that are dead broke, and they still have families. So, again, whats your point?
@@bigrobsydney Re population-History is a great teacher, when designing the future. I admire your determination to raise Australian children in slums. I have frequently met high rise raised Asians, who are terrified of nature. (eg one small fish jumping into our two man canoe) We have been in a very privileged position, as a society. Let's keep it that way. Poor you. Sydney is a substandard place to grow up.
How is it a cop out. The building industry has been gutted the past few years thanks to supply chain issues and increased building costs. The result is way less houses are now being constructed. So bringing in another million people a year into a country that can't build the required number of houses to accommodate the growth in population is only going to have one effect.
Increased rents and property prices in the country.
The government knows this and yet they chose to increase immigration levels to an unsustainable level.
@@ohdearearthlings1879 How on earth do you get me raising my kids in slums? We live in Sydney. Is Sydney a slum?
I was responding to YOUR point about people raising families with whatever amount of money YOU think is necessary. These are YOUR values, not mine. I'll give you a simple question: how much money does a couple need to have before they decide to raise a kid?
Quick answer to your question Martin: NO.
If they were, house prices would be dropping.
Sydney is VERY desirable, and will continue to be.
The greens destroy the world once again 😮
Sydney got hemmed in by National Parks. An extra 5 million could live on the land of the Royal National Park. It's only about 0.1% of Australia's forestry and few people go there - it's somewhat pointless.
I live in Sydneys north west (Windsor area), and there is HEAPS of vacant land. Its not being developed because the developers want to keep the prices high and councils are useless.
@@andretorben9995 There's 76 acres of land for every Australian - you're right, there's SO MUCH land, but they limit availability to keep prices high.
Happy Valentines 💛💚❤️💜🧡 Martin 😘
First!
Apart from some city centre buildings everything else should be fair game for redevelopment especially Haberfield and similar suburbs around Australia.
Dracula's key to the blood bank comes to mind.