A 10-YEAR fall in the percentage of migrants settling in NSW and the lowest rate of economic growth of all mainland states has Melbourne on track to overtake Sydney as Australia's biggest city, a report predicts.
The Going Nowhere report, produced by the economic forecasters BIS Shrapnel for a property developer lobby group, says lower developer levies on new housing land in Melbourne have allowed construction of homes at twice the rate of Sydney. This is fuelling a population and economic growth in the Victorian capital that means it will become the country's biggest city by 2037.
Melbourne To Overtake Sydney As Australia's Biggest City
Its still a long way away but that would be strange having Melbourne as the biggest city in Australia. A bit like Christchurch becoming the biggest city in NZ.