Sydney’s housing affordability is worsening, leading fewer young people to live in its inner-city areas, a new PropTrack study has found.
Inner-city suburbs have traditionally been popular with students and young professionals because of their shared housing, smaller homes, proximity to universities, and city jobs.
However, this trend is changing.
In 2021, fewer young Australians aged 19 to 35 lived close to the city centre (2 to 10 kilometres away) compared to ten years ago.
In contrast, more young people are now living 10 to 16 kilometres from the city centre (see graph).
Additionally, the average age of residents in the inner-city suburbs has risen by one to two years from 2011 to 2021.
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