Sydney

• 1.2 million Brits live in Australia
• Average age is 36 years old in Sydney
• Gross regional product in 2013 was $377b
• Deregulated the banking services
• focused on inward migration of skilled labour
• 40/43 banks in Australia have their HQs in Sydney
• Their timezone means they can work with both Europe and America
• Sydney is a sunbelt city - warm cities that are experiencing rapid growth. Warmth = happy people = productive people
• Ranked 10th best city in the world for Quality of life. Happy people = productive people
• Average income in Sydney = 7th highest city in the world
• Construction workers in Uk to be given working visa + £6k to work in Western Australia
• Sydney’s problems

  • extremely high house prices (drives out potential workers)
  • Australia relies on Sydney economy too much
  • Low income earners are struggling therefore gentrification