If we don’t fix the housing market, Sydney will lose its soul
Sydney's owner-occupier rate fell to 59.9 percent in 2025, the lowest since the 1950s, as many residents abandon the city amid a soaring rental market. In contrast, other Australian capitals saw stable or rising owner-occupier rates. The Albanese government recently passed legislation aimed at addressing the housing crisis and improving affordability for young Australians.
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Published 16 Jul 2026, 19:00 UTC · Updated 16 Jul 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections