Michael Marquette of Marquette Turner Luxury Homes writes:
Sydney is fast giving up its mantle as Australia’s number 1 City. The slide has continued throughout the last decade as Melbourne has continued to stand up to its more fancied rival. Sydney has been under constant fire from other Australian cities since its peak when it hosted the Olympic Games in 2000.
Melbourne plays host to some of the World’s greatest events – the Australian Formula 1 Grand Prix at Albert Park and the Australian Open Tennis at Melbourne Park to name just two. Melbourne also played host to the 2006 Commonwealth Games and the 1956 Olympic Games.
The Melbourne Cricket Ground (MCG) is the largest stadium in Australia and the Melbourne Convention Center is the World’s first “6 Star Green Star” environmentally rated convention center and is also the largest of its type in the Southern Hemisphere.
Melbourne is home to the Australian Rules Football League (AFL), which is the most watched seasonal sport in the country. It is also home to the World famous Melbourne Cup which is Australia’s richest horse race and the World’s richest handicap – the race that stops the nation, and the Australian Masters Golf Tournament at Kingston Heath (both in November).
Most people would consider rugby league to be the bastion of Sydney and Brisbane. However, Melbourne won the Rugby League Grand Final in 2009, four times in total in last 11 seasons and appeared in the last four consecutive Grand Finals – all in a sport usually dominated by teams from Sydney and Brisbane.
In 2001 Melbourne was the second choice for Australians, after the Gold Coast as their intended holiday destination with 19% share. Sydney was ranked fourth with 16% share in the same year.
Eight years later Melbourne is now the number 1 holiday choice for Australians with 20.1% share, the Gold Coast is second with 19.5% share, the Sunshine Coast is third with 13.5% share and Sydney has slipped to fourth place with 10.3% share, slipping a massive 5.7%. In short people are flocking to Melbourne and choosing to avoid Sydney.
Sydney is also losing more people than arrive – a trend that has gained momentum since 2001 with Melbourne being the second largest beneficiary from the exodus. Melbourne is well on the way to becoming Australia’s largest and number 1 City.