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Sydney Travel Guide

Rising Wages Brings Sydney to Second Wealthiest City

Posted: Jan. 4th, 2013  |  By Michael Pearse

Sydney has climbed its way up to the point of being the second wealthiest city in the world as measured by purchasing power per capita. This means that on average the people of Sydney are doing quite well for themselves and it is no wonder that because of this 500,000 people move to Sydney every year.

Founded as a colony of the British Empire in 1788, Sydney has grown into the second wealthiest city on earth when measured by per capita purchasing power. Not only is it the largest city in Australia, but it is also the leader in international immigration. Why are people moving to Sydney in record numbers?


Well, it certainly doesn’t hurt that it is located in a stunningly beautiful region of the country or that it has all of the modern amenities of any global city. But those are really nothing more than extra added bonuses. The main reason people immigrate to Sydney is that it has one of the best cities for business on earth.


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