The intergenerational report published by the New South Wales government on May 26 laid bare some hard truths about challenges confronting the state’s economy and society going forward.

By 2056, the report says, the state will be home to an extra 3.6 million people and its population will have risen to 11.2 million, whilst migration will be running at 41,000 per annum. To accommodate this, around 1.8 million new homes will needed (roughly 45,000 per year from now…