That is what happens when there is no nightlife: why Sydney is no longer the largest city in Australia
- Victoria overtook NSW in the quarterly report of CommSec & # 39; s State of the States
- That means that Melbourne is the powerful economy of Australia instead of Sydney
- Coincidentally Sydney continued with exclusion laws, while Melbourne did not
Sydney is no longer the largest city in Australia, at least when it comes to an economic superpower.
Victoria caught up with New South Wales for the first time in almost a year in CommSec & # 39; s State of the States report.
In a story about two cities, Sydney slipped after it had continued with controversial exclusion laws, while Melbourne thrived by focusing on a 24-hour entertainment city.
Sydney is no longer the largest city in Australia, at least when it comes to an economic superpower (pictured here is Kings Cross that is now a ghost town at night)
Although the CommSec report was not focused on nightlife, Victoria discovered that retail, employment and population growth were stronger than NSW in the March 2019 quarter.
& # 39; Victoria has retained first place in relative economic growth, & # 39; it said.
& # 39; For the first time in three quarterly surveys, Victoria is the best performing economy in itself. NSW is now in second place. & # 39;
During the reporting period, Deloitte Access Economics issued a report in February that calculated that the exclusion laws had cost the Sydney economy a whopping $ 16 billion a year.
The economic activity of Victoria in the March quarter was 26.6 percent above the average production level of ten years, before NSW, which had a production that was 25.1 percent above the & # 39; normal & # 39; level.
Tasmania, with Australia's fastest growing real estate market, has also overtaken the Australian Capital Territory for third place.
In a story about two cities, Sydney slipped after it had continued with controversial lock-out laws, while Melbourne flourished by concentrating on being a 24-hour entertainment city (here & # 39; Melbourne becomes Melbourne along the banks of the Yarra River shown)
& # 39; Tasmania is now only in third place in the performance ranking with power in building and buying houses, & # 39; said CommSec.
& # 39; The ACT is in fourth place and is losing ground to Tasmania in the area of housing indicators. & # 39;
When it reached the status of Australia's wooden spoon, the Northern Territory was in last place, followed by Western Australia, South Australia, and Queensland.
During the reporting period of the CommSec report, Deloitte Access Economics issued a report in February that calculated that the exclusion laws had cost the Sydney economy a whopping $ 16 billion a year.
The University of Sydney and Griffith University have also released research that disputes the effectiveness of lockout laws in NSW and Queensland.
Five years ago, former NSW Liberal Prime Minister Barry O & Farrell introduced controversial lock-out laws prohibiting city cafes and night clubs from Kings Cross to Darling Harbor, allowing everyone to enter after 1:30.
It also prohibited serving drinks after 3 o'clock at night.
The NSW government laws followed a series of fatal cowards, including one who killed Bowral teenager Thomas Kelly in 2012 when he visited Kings Cross with his girlfriend.
Victoria caught up with New South Wales for the first time in almost a year in CommSec & # 39; s State of the States report. The Northern Territory had the wooden spoon
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