Sydney

The company highlighted a “consistent” pattern of “families moving to Queensland, regional New South Wales, anywhere housing costs less,” and was emphatic on the implications of such bloodletting.

Well this makes sense, people need housing, if they can't afford it in Sydney they'll go elsewhere, this is smart

“Overseas migration is masking what’s actually happening. Without it, Sydney would be shrinking.” Affordability “isn’t just slowing growth. It’s reversing it.”

Same with Tasmania but overall without overseas migration Australia starts shrinking, we're not having enough kids

Finance expert Mansour Soltani recently wrote an article for OurTop10, noting that NSW “is expected to add close to one million residents by 2034, with more than 650,000 of them settling in Sydney.”

Then I guess don't expect much to change? If you want to buy a house, leave Sydney but this looks to point to the question of high house prices due to migration, is that the only reason or is this article leaving out a lot of other reasons as well