Sydney’s Sydney CBD ‘ready to burst into flames’

The biggest Australian city has a new housing crisis.

With housing demand rising, Sydney’s population is expected to rise to more than 2 million by 2060, according to the Government’s Housing Action Plan.

The report, released by the Housing Advisory Council, says the population of the CBD is expected be around 30,000 by 2070.

The report warns that if housing affordability and demand for rental accommodation continues to increase at the current pace, the city’s population could double by the time it is completely rebuilt.

“The CBD is the second largest urban area in Australia, after Sydney, and it has the largest number of dwelling units of any major metropolitan area in the country, after Brisbane,” the report says.

But the report also warns of a new threat to Sydney’s ability to grow.

In 2021-22, the number of households in the CBD could reach more than 100,000, according the report.

That would put Sydney in breach of the national target of reaching 1.2 million by 2050.

At the same time, it says Sydney’s new homes could be “bursting into flames” if demand for rentals increases.

New house sales are forecast to fall by more than 40 per cent from 2020-21, with some regions forecast to see a reduction of more than 90 per cent.

That could lead to an “unprecedented housing shortage” in Sydney, the report warns.

Housing affordability has been a major issue for the CBD in recent years.

Sydney’s CBD has been on the brink of a housing crunch since its development boom began in 2008, with the arrival of the Asian Super Mega City (ASMC) and the new Sydney Harbourfront in the late 2000s.

During the boom, more than two-thirds of Sydney’s CBD was built, including the city centre, with more than half built between the late 1990s and early 2000s, according a report from the City University of New York.

After ASMC, Sydney saw the introduction of more residential and commercial developments in the city.

A lack of affordable housing has been an ongoing issue for many residents of Sydney.

Between 2007 and 2013, the CBD’s average housing price rose from $2.2 billion to $3.4 billion, the most in Australia.

Since 2013, housing prices in the Sydney CBD have increased at the fastest rate of any metropolitan area, the ABS said.

And since the arrival in Sydney of the ASMC in the early 2000’s, the price of housing in the area has more than doubled, reaching $3 billion in 2016.

For the next decade, the City of Sydney says it will “continue to take steps to increase affordability, improve access to housing and strengthen the social fabric of the city”.

But while Sydney is making a big push for affordable housing, the issue of rising housing prices is only getting worse.

According to the report, the average Sydney household’s average annual income has decreased by more at the same age since 2007 than the other Australian cities and states combined.

While average prices have increased by more, incomes have also risen faster in other Australian states, the study found.

By 2040, average household income in NSW will be lower than the national average, the analysis found.