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‘Will we still be a city for young people?’ How Sydney’s jobs will change in the next 10 years

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In 2016, one economist tipped Sydney would thrive on the back of a finance boom. Now he expects the next decade to be different.

The CBD has long been the beating heart of Sydney’s economy, but could that shift in the next decade?Credit: Louie Douvis

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Sydney, the nation’s economic engine room, has always had a beating heart: the CBD. But by 2036, one of the most noticeable shifts might not be the types of jobs, but where they are located, according to KPMG economist Terry Rawnsley.

Sydney high schools need to find room for 22,000 more students in the next decade. Where?

In 2016, the Herald forecast the inner-city student population would explode. This is what really happened – and what needs to happen next.

The world of schools and education loves a fad. In the past decade, it has seen plenty: from construction of architecturally impressive new schools with open-plan classrooms to project-based learning to boost “21st century” skills.

But the world of education is sobering up from the cascade of gurus, trends and shiny bright new things of recent years, says Catholic Schools NSW chief executive Dallas McInerney, who oversees almost 600 schools.

He says educators now recognise that it might appear old-fashioned to have students sitting in rows facing a teacher at the front of the room – but it is an incredibly effective way to learn.

‘Will we still be a city for young people?’ How Sydney’s jobs will change in the next 10 years

In 2016, one economist tipped Sydney would thrive on the back of a finance boom. Now he expects the next decade to be different.

Sydney, the nation’s economic engine room, has always had a beating heart: the CBD. But by 2036, one of the most noticeable shifts might not be the types of jobs, but where they are located, according to KPMG economist Terry Rawnsley.

The cause? The opening of Sydney’s south-west and west metro rail lines.

“That big transport infrastructure over the next 10 years is going to really reshape how Sydney functions as an economic entity,” Rawnsley says, predicting concentration of the labour market in a singular business district will be dispersed over several centres of economic activity.

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