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SYDNEY is Australia's most economically polarised city, with the wealthy increasingly taking over real estate close to the best jobsand schools, while poorer people are being forced to live ever further from their work and schools, according to a report identifying the winners and losers of the economic boom.Sydney has more of the wealthiest and most deprived suburbs than any other Australian capital, with the two extremes separated by its great suburban sprawl, according to the report on Friday from Griffith University's Urban Research Program. "This lowers the apparent deprivation ranking, but the original residents benefit little," Associate Professor Baum said. "These residents are priced out and pushed to the fringes. So, ironically, the most affluent people end up living close to the best hospitals, jobs and public transport." Suburbs were ranked in bands, with band 1 poorest or most deprived and band 6 wealthiest or least deprived.
In Sydney, Cremorne Point and Elizabeth Bay followed Milsons Point in the wealth stakes, while Claymore then Cabramatta and Airds were most deprived.
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The study, led by Associate Professor Scott Baum, found that as wealthy residents concentrated in suburbs well serviced by transport, schools, civic facilities and entertainment, it became more difficult for the less well off to move into those areas.
Sydney, where Milsons Point tops the list of most advantaged suburbs and Claymore is the most deprived, "is characteristic of the extreme rich-poor gap seen in so-called 'global' cities such as New York," Associate Professor Baum said.
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