What you may not know is that Australia has the highest population growth rate of all developed countries in the world.
Most of Australia's population is concentrated in major capital cities, which in Chinese are provincial capitals.
These cities account for more than two-thirds of the country's total population.
Between 2017 and 2018, Australia's national population grew by 391,000, or 1.6 per cent.
Of all the capital cities, Melbourne had the largest population growth, with more than 119,000 people.
This was followed by Sydney and Brisbane, with increases of more than 93,000 and 50,000 respectively.
In 2021, the total population of Australia was about 25.21 million, Sydney was about 5.312 million, and Melbourne was about 5.159 million.
The population gap in Sydney and Melbourne is only 150,000.
And this number will soon be erased.
In January 2023, according to the latest data from the Australian Federal Government's Population Centre, Melbourne will soon overtake Sydney to become Australia's largest city.
Melbourne will grow to 6.1 million by 2032-2033. While Sydney's population reaches 6.06 million, Melbourne's population will surpass Sydney by 2031-32.
Melbourne's population growth and growth rate are the highest in Australia. The vast majority of its population growth (65 per cent) was overseas migrants, more than 77,600 people, with 30 per cent of the natural increase in population and another 5 per cent coming from migrants within Australia.
According to projections from the Federal Government's Population Centre, by 2032-2033, with the increase in overseas immigration and the easing of post-pandemic travel restrictions, it means Melbourne will overtake Sydney to become Australia's most populous city.
Melbourne's population may overtake Sydney in seven years, why?
First, the trend of population
In 2019-2020 financial year, Sydney added 57,100 people to 5.4 million people, according to the Australian Bureau of Statistics.
Melbourne's population increased by 80,100 at the same time, bringing its population to 5.2 million, more than Sydney.
Too many Sydney's population is flocking to Melbourne.
Melbourne, which became Australia's largest city within 10 years, is receiving the loss of Sydney's population, and more and more Sydneysiders are choosing to live or invest in Melbourne, which has relatively low housing prices and living costs.
According to moving service Muval, the outflow of Sydney increased by 27 per cent between 2020 and 2022, with the majority of people aged between 25 and 34.
Figures from the Australian Bureau of Statistics show that the population of Greater Melbourne has grown by 460,000 and that of Sydney by 300,000 in the past three years. The last financial year was the fourth consecutive year that Melbourne's annual population grew by more than 100,000. This means that the city of Melbourne, which already has a population of 5 million, is adding more than 300 people a day.
Moreover, why has immigration increased significantly in Melbourne?
Because it attracts more international students, more foreign immigrants.
Waves of foreign immigration don't just shape Australian society – they're also important economic drivers that state governments are trying to attract.
Melbourne has long attracted a larger proportion of net overseas migrants than Sydney, thanks in large part to past policies of the Victorian Government.
The Melbourne Government actively seeks to encourage international immigration to their state.
Melbourne has more relaxed requirements for skilled migrants who wish to move permanently, and freer and more dynamic requirements for temporary migration of international students.
Melbourne's immigration policy is more liberal and even lenient than other states.
Victoria, in particular, has a more liberal eligibility for skilled migrants.
This has attracted a large influx of new immigrants to Melbourne.
Melbourne, in order to become one of the most fragrant cities in Australia.
Population density
In terms of population density, Melbourne's inner city is the most densely populated area in Australia, with a density of more than 20,700 people per square kilometre.
Sydney, Australia's largest city, has the densest population density of only 8,000 people per square kilometer.
As Australia opens up, Melbourne's population level will continue to rebound as people gradually return.
International students are now leading the demographic recovery, with net migration increasing from -53,000 in 2020-2021 to 49,000 in 2021-2022.
In the next financial year, net overseas immigration is expected to climb to 81,000, with Victoria's population growing by 1.1 per cent between 2025 and 2026.
Melbourne's population density will be denser.
3. Quality of life
Melbourne has always been the most liveable city in the world.
So Melbourne also attracts more overseas migrants than Sydney.
65 per cent of Melbourne's population growth was due to overseas migration, 30 per cent of natural population growth and 5 per cent of internal migration from Australia.
According to Australia's "Guardian", Sydney's high cost of living is leading Melbourne's population to rise.
Demographers say Melbourne's popularity among Sydneysiders is rising, not only because of the cost of living, but also because people think Melbourne has better transport and city planning.
Sydney buyers often choose Melbourne's inner city because they can't buy a house in the same location in Sydney for the same price, but they can buy a better and bigger house in Melbourne.
Melbourne's house prices are high, but significantly lower than Sydney house prices, according to Realestate property network, Melbourne house prices are on average 190,000 Australian dollars lower than Sydney, and Sydney people account for the majority of interstate migrants flowing into Melbourne.
Melbourne's cheaper housing is another factor that is pushing not only overseas migrants, but also Sydney residents – both settled Sydneysiders and international migrants who have recently struggled with the cost of living in Sydney – to move to Melbourne.
4. To summarize:
In 1.7 years, Melbourne will replace Sydney as Australia's largest city;
2. In Melbourne's population structure, young people account for the majority, which supports the development of the local economy and the demand of the property market;
3. Higher population growth rates in Melbourne in the future;
4. Melbourne's quality of life is higher, attracting more international students and new immigrants;
5. Melbourne has the highest density in Australia;
6. Melbourne's housing prices are more cost-effective, and they have more potential in the future with the large increase in population;
7. Now is the most cost-effective moment.
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