Money Job opportunities tempt Aussies to flee from Sydney to Melbourne: expert

07:25  19 june  2017
07:25  19 june  2017 Source:   MSN

Job opportunities tempt Aussies to flee from Sydney to Melbourne

  Job opportunities tempt Aussies to flee from Sydney to Melbourne Data from the Australian Bureau of Statistics indicates that population in Victoria rose more than any other state in Australia since 2013. Critics are saying an increasing number in highly sought tech jobs means people are “fleeing Sydney in huge numbers” in favour of Melbourne.As businesses like department store David Jones move its headquarters to Melbourne from Sydney, New South Wales Labor says the state suffers a “brain drain” to its southern neighbour. According to a population expert, cheaper housing and opportunities for employment tempt people to move to the other side.

Critics are now saying an increasing number of highly paid, highly sought tech jobs has meant people are “ fleeing Sydney in huge numbers” in favour of Melbourne . A population expert has said the wealth of employment opportunities , and cheaper housing, are tempting people to cross the border.

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Data from the Australian Bureau of Statistics indicates that population in Victoria rose more than any other state in Australia since 2013. Critics are saying an increasing number in highly sought tech jobs means people are “fleeing Sydney in huge numbers” in favour of Melbourne.

As businesses like department store David Jones move its headquarters to Melbourne from Sydney, New South Wales Labor says the state suffers a “brain drain” to its southern neighbour. According to a population expert, cheaper housing and opportunities for employment tempt people to move to the other side.

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David Jones is going to move its corporate office to Melbourne after178 years in Sydney. The value of the incentives the Victorian Government offered Jones to head south was not disclosed. David Jones carries almost 1000 jobs to the state.

As the NSW Government looked from March 2015 to May 2017, it has said a different metric showed 40 percent of new jobs in the country boomed in the state. Overall, population in Australia is growing at 1.5 percent annual rate, which surpassed the OECD average of 1.2 percent.

However, growth is not spread evenly. Western Australia lost its title as the fastest growing state in 2013 after nearly ten years of outstripping other states. Victoria, on the other hand, is currently at the top of the ladder. It used to be the fourth most famous state for domestic and international migration.

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Figures for the year to September indicate all state’s population rose. It also showed Victoria steamed ahead with a 2.1 percent growth rate while Queensland and NSW grew by 1.4 percent.

Nearly 12,000 people left NSW in favour of other states. Victoria gained 17,000 new residents.

Why workers are leaving NSW?

Shadow NSW Treasurer Ryan Park explained workers were leaving NSW because it has become a less attractive place to do business. Victoria has offered incentives to draw huge companies to Melbourne.

“Not only is the Berejiklian Government failing to keep residents in the state, they’re failing to attract big businesses including technology start-ups to set up shop here,” he told news.com.au. He added the Premier’s done nothing in order to lessen the cost of living for people. Therefore, people are fleeing in bulk elsewhere.

Some overseas multinationals have picked Melbourne over Sydney for their head offices in the country. These include Chinese tech giant Alibaba, US technology company Go Pro and cloud-based accounting company Xero.


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