The one-off grants to move to country areas will be payable to individuals or families provided they sell their Sydney home and buy one in the country. The country home must be worth less than $600,000 (£390,000), something that won't be hard in most rural areas. It will cost the taxpayer up to $47m (£30m) a year.
As much as boosting regional areas, the scheme is also about making Sydney more liveable. The city's population is 4.5m and predicted to grow by 40% over the next 30 years, putting unprecedented pressure on infrastructure and housing.The government reportedly considered increasing the building density in Sydney to something approaching European levels for almost five minutes, before it was pointed out that doing so would be fundamentally un-Australian, and would violate Australians' rights to a house on a quarter-acre block with a two-car garage, which, much like Americans' right to bear arms, is sacrosanct and not negotiable.
It's not clear whether Melbourne (which is about as expensive as Sydney these days, making up for its lack of a spectacular harbour with a thousand funky laneway bars) will follow this lead and offer people money to move to Geelong or Moe or somewhere.