For the first time on record, Sydney\u2019s population grew by more than 100,000 people in one year, according to data released today by the Australian Bureau of Statistics (ABS).<\/p>\n
The population of Sydney, Australia, has augmented by a net total of 100,000. Last year, it was reported that 18,000 residents of Sydney had left the town in order to make room for immigrants from all over the world. The rising prices of housing and basic amenities is the underlying reason behind locals leaving Sydney.<\/span><\/p>\n Also, due to high number of immigrants, the average salaries have depleted, leading to further destabilization of the labour market. Most locals who left Sydney headed straight for Melbourne.<\/span><\/p>\n Leith van Onselen, the chief economist with MacroBusiness said, They\u2019re pushing people out.\u2018\u2019 He also said, \u201cThe cost of housing in Sydney has obviously gone through the roof, it\u2019s one of the most expensive places to live in the world. A lot of younger people especially can\u2019t afford to live there anymore, so they\u2019re being forced to leave,\u201d Mr van Onselen said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" For the first time on record, Sydney\u2019s population grew by more than 100,000 people in one year, according to data released today by the Australian Bureau of Statistics (ABS). The population of Sydney, Australia, has augmented by a net total of 100,000. Last year, it was reported that 18,000 residents of Sydney had left the […]<\/p>\n","protected":false},"author":1,"featured_media":7725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[38,59,47,77,76],"class_list":["post-7724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia-new","tag-australia","tag-australia-parent-visa","tag-australia-pr","tag-immigration-consultant-delhinoida","tag-registered-immigration-consultant"],"yoast_head":"\n