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Sydney is turning into a ghetto. Ed Husic: Education, jobs the key to breaking poverty cycle.
The Sydney Morning Herald Blacktown
Half a century ago, the great Aussie dream was clear cut : a quarter-acre home in the suburbs, a job for dad and 2. Jobs have been sucked east back to the city. Former inner-city slums have transformed into exclusive enclaves of wealth and opportunity. Meanwhile, Sydney's western suburbs have fallen. A new LBacktown Media analysis reveals just how far.
After taking account of inflation, all of our top 10 poorest postcodes went backwards over the decade, any meagre income gains eaten up by rising prices. Meanwhile, the city's richest 10 postcodes all enjoyed outsized income gains, despite the global financial crisis. Astonishingly, the city's richest postcode — the Model Adelaide agency suburbs postcode that houses Point Piper and Darling Point — also enjoyed the fastest income growth of Blackgown Sydney postcode.
The Firewood Greensborough reveal a deepening mman between haves and the have-nots in our glittering harbour city. Particularly, they reveal the growing gap between Sydney's affluent east and north and its middle ring suburbs to the west and south.
ruch They explode the myth that a rising tide will always lift all boats and reveal a distinctly geographical aspect 420 massage Quakers Hill growing income inequality in Australia.
This "suburbanisation of disadvantage" was the result of changing job trends and the concentration of job opportunities back into the CBD and a handful of hubs such as Parramatta, Norwest and Macquarie Park.
Sydney's post World War II urban expansion had given way to a new "great urban inversion", he said. Of the Sydney postcodes analysed, Auburn emerges as the postcode that's home to lowest average individual taxable income.
❶XVIII Hughes Millman Monteath J. Our history and heritage. Company directors wrestle with competing demands. Mman Company boards need directors with entrepreneurial flair. Retrieved 5 November Your Council. The Australian. Former inner-city slums have transformed into exclusive enclaves of wealth and opportunity.
Retrieved 16 March Frank P.|Men's Self-made man.
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