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When Sydney overtook Melbourne as Australia’s financial centre

When Sydney overtook Melbourne as Australia’s financial centre

Melbourne dominated Australian business and politics for more than a century, but during the 70s power shifted to the Emerald City.

“Rarely in modern history have two big cities competed so strenuously, so evenly, for so long as Melbourne and Sydney,” historian Geoffrey Blainey has written.

Compare Australia’s metropolitan bifurcation with England and France, where capital cities London and Paris are dominant in their nations’ histories, finance and culture.

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Andrew Clark
Andrew ClarkSenior writerAndrew Clark was a senior writer at The Australian Financial Review.

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Original URL: https://www.afr.com/policy/economy/when-sydney-overtook-melbourne-as-australia-s-financial-centre-20211111-p5981l