‘Enclaves for the rich’: new luxury housing is putting parts of Sydney out of reach to all but the very few

The GuardianFriday, December 5, 2025 at 2:00:27 PM
‘Enclaves for the rich’: new luxury housing is putting parts of Sydney out of reach to all but the very few
  • A wave of luxury housing developments in Bondi and other parts of Sydney is pushing out long
  • The shift towards luxury housing not only alters the demographic landscape of Bondi but also highlights a growing disparity in housing accessibility, as many locals find themselves priced out of their own neighborhoods.
  • While house prices in Australia have generally risen, growth has slowed in major cities like Sydney, indicating a potential cooling in the housing market. This juxtaposition of luxury developments against a backdrop of slowing price growth underscores ongoing debates about housing affordability and urban development in Australia.
— via World Pulse Now AI Editorial System

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