The population size of some of Australia's most prestigious suburbs has dropped dramatically, with potential consequences for its biggest cities.
Thousands of working families are leaving the inner-city suburbs of Sydney and Melbourne, causing a significant drop in population, new analysis by KPMG has found. Urban economist at KPMG Terry Rawnsley has identified a number of "shrinking suburbs" where populations declined between 2019 and 2023 — some by as much as 3.3 per cent. This is despite a boom in Australia's population following the easing of COVID-19 border restrictions .
More than 6,000 people left between 2019 and 2023, and almost all were aged under 65 years old. That's more than 2.4 per cent of its population. On the other side of the CBD, Leichhardt's population fell by 2.7 per cent while parts of Sydney’s trendy inner west, covering Marrickville, Sydenham and Petersham — previously seen as more affordable for families — lost more than 1,000 people . All but 42 of these were aged under 65.
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