Sydney is the capital of New South Wales.
Where is Sydney?
Sydney is a coastal basin bordered by the Blue Mountains to the west, Hawkesbury River to the north, and to the south by Woronora Plateau. Occupying an area of 12.368 square kilometers, Sydney is home to over 5 million people. Sydney’s population is likely to rise to 8 million by 2061. Sydney is Australia’s most populous city. Other cities in New South Wales are Newcastle, Gosford, Wollongong, Maitland, and Albury.
An Alpha World City
Sydney is ranked as one of the most expensive cities in the world. It is the 2nd most expensive city to live in, with an average home estimated to cost over 12 year’s wages. The city has the lowest unemployment rate in the entirety of Australia. It ranks 10th in the world in terms of quality living hence Sydney is one of the top livable cities in the world. The Globalization and World Cities Research recognized Sydney as an Alpha World City. The capital is the only Australia’s global city and the leading knowledge-based economy in Australia. Over 7% of the Nation’s economy is generated from Sydney, and more than 400,000 jobs are offered in the city.
Despite the growth of other business Districts like Parramatta and Olympic Park, Sydney has consistently led the economic charts of Australia. This can be attributed to the wide network of competitive industries, exemplary governance, good infrastructural network, and outstanding amenities. Sydney hosts many foreign banks and multinational corporations hence the capital is a leading financial hub in the whole of Asia Pacific.
Sydney is also one of the most visited cities in the world. The city’s tourism industry is a major booster of Australia’s economy. Millions of tourists, both domestic and international, visit the city each year. The major attraction sites in Sydney are the Sydney Opera House and the Sydney Harbour Bridge. The Sydney Opera House was recognized in 2007 as a World Heritage Site. Other attractions include but not limited to Sydney Mardi Gras, Luna Park, Sydney Tower, Watsons Bay, and the Royal Botanical Gardens. Sydney is also endowed with over 100 beaches located along the city’s Pacific Ocean coastline. This coastline is part of the Humpback migration path that stretches from Antarctica to the Coral Sea. The coastline offers a spectacular whale watching site between May and December. Some of the beaches in Sydney include Bondi, Coogee, Whale Beach, Cronulla Beach, Maroubra, Avalon, and Fairy Bower.
Sydney is home to one of the largest metropolitan zoos in the world. The Taronga Zoo is located in Mosman and hosts over 2,600 animals.