Melbournes population nears that of Sydney
The population of Melbourne may exceed Sydney’s in the next 14 years, according to the latest figures from the Australian Bureau of Statistics (ABS).
The two cities have quite different economic trajectories; Sydney has been affected by sluggish growth since it hosted the Olympics at the start of the century, while Melbourne has planned to enable expansion by providing affordable homes on its periphery. If the economic dynamism of Melbourne continues to build, print shops in Essendon could attract extra business.
The history of Melbourne is bound up with that of the manufacturing sector. Meanwhile, Sydney has specialised in media and financial services. However, Melbourne has succeeded in attracting people to its western suburbs. An example is Melton, which is close to Essendon, and has been growing rapidly. Within a few years, the population of Melbourne should have shot up to pass the five million mark.
One of the reasons behind the growth of Melbourne is the relative cost of property. Recent figures collated at the ABS indicated that in a single year, Melbourne expanded by over 100,000 people. In that time period, the number of residents within Sydney jumped by approximately 80,000.
When Melbourne expanded by around 100,000 citizens in a year, it grew faster than it had ever done previously. It has been estimated that Melbourne could accommodate eight million people by 2050. Growth on this scale would make investment in infrastructure into an urgent priority.
The two cities have quite different economic trajectories; Sydney has been affected by sluggish growth since it hosted the Olympics at the start of the century, while Melbourne has planned to enable expansion by providing affordable homes on its periphery. If the economic dynamism of Melbourne continues to build, print shops in Essendon could attract extra business.
The history of Melbourne is bound up with that of the manufacturing sector. Meanwhile, Sydney has specialised in media and financial services. However, Melbourne has succeeded in attracting people to its western suburbs. An example is Melton, which is close to Essendon, and has been growing rapidly. Within a few years, the population of Melbourne should have shot up to pass the five million mark.
One of the reasons behind the growth of Melbourne is the relative cost of property. Recent figures collated at the ABS indicated that in a single year, Melbourne expanded by over 100,000 people. In that time period, the number of residents within Sydney jumped by approximately 80,000.
When Melbourne expanded by around 100,000 citizens in a year, it grew faster than it had ever done previously. It has been estimated that Melbourne could accommodate eight million people by 2050. Growth on this scale would make investment in infrastructure into an urgent priority.