SGS analysis for the University of New South Wales City Futures Research Centre shows that poor housing affordability is impacting Sydneysiders wellbeing and productivity.
The report Strengthening Economic Cases for Housing Policies argues for a new housing story – one that considers which housing arrangements will best sustain metropolitan economic development for the long term.
Sydneysiders are taking a direct hit
SGS analysis found the high cost of housing in Sydney not only affects residents' wallets; it affects their health and even creates problems for childhood learning. High-cost housing also affects the labour market – how long people work for, how far from work they live and what age they retire.
Offering affordable housing close to jobs and services enables people to connect to jobs that best suit their capabilities. This benefits both the employee and the employer. Also, better housing outcomes reduce housing stress and the amount of time spent travelling to and from work.
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Housing, Open Space, Transport