Are you torn between the vibrant city life of Sydney and the cultural charm of Melbourne? Deciding where to settle down is no easy feat, especially when both cities have so much to offer. From population growth and cost of living to weather and employment opportunities, there are many factors to consider. In this article, we’ll take a closer look at what makes each city unique and help you weigh your options. So sit back, relax, and let us guide you through the decision-making process.
Population Growth
According to the Australian Bureau of Statistics, Sydney grew by 57,100 people to 5.4 million residents over the 2019-20 financial year. In contrast, Melbourne added 80,100 residents in the same period to bring its population to 5.2 million. This means that Melbourne is growing at a rate that is 18% faster than Sydney and is projected to become Australia’s largest city by 2050.
Population Growth Table 2019-2020 by Australian Bureau of Statistics
The population growth in Melbourne can be attributed to several factors such as larger migration intake due to the Victorian government’s more liberal eligibility for skilled migration and Melbourne universities’ proactive approach to attracting international students. Cheaper housing in Melbourne is another factor that drives not only migration from overseas but also Sydney residents – both established Sydneysiders and recent international migrants struggling with the cost of living in Sydney – to move to Melbourne.
