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Inside the Housing Backlash in Sydney's Wealthiest Suburbs - Bloomberg Australia
Feb 18, 2026 The Bloomberg Australia Podcast
Sydney is one of the least dense major cities in the developed world — but that may be about to change. In the affluent suburb of Woollahra, residents are pushing back against a plan to revive a long-abandoned incomplete train station and build 10,000 new homes nearby. It’s a local fight with national implications, as governments grapple with soaring rents, a deepening affordability crisis and pressure to force wealthier neighborhoods to take on more housing.
Bloomberg’s Swati Pandey and Aradhana Aravindan join the podcast to unpack what’s at stake — from property prices and lifestyle trade-offs to productivity, inflation and the Reserve Bank. Can Australia fix its housing crunch without reshaping its most exclusive suburbs?
Sydney is one of the least dense major cities in the developed world — but that may be about to change. In the affluent suburb of Woollahra, residents are pushing back against a plan to revive a long-abandoned incomplete train station and build 10,000 new homes nearby. It’s a local fight with national implications, as governments grapple with soaring rents, a deepening affordability crisis and pressure to force wealthier neighborhoods to take on more housing.
Bloomberg’s Swati Pandey and Aradhana Aravindan join the podcast to unpack what’s at stake — from property prices and lifestyle trade-offs to productivity, inflation and the Reserve Bank. Can Australia fix its housing crunch without reshaping its most exclusive suburbs?
Transcript
Turns out NIMBYism is worldwide - not uniquely American.