Sydney is so boring and expensive that students and businesses are put off moving here, report finds

Sydney is so boring and expensive that students and businesses are put off moving there, report finds

  • Report found Sydney is lacking on global stage for students and corporations
  • Benchmarking Sydney report from Committee of Sydney made the conclusion 
  • Found Sydney is falling behind with global corporation presence in city
  • Number of international students coming to Sydney has also declined

Sydney’s pitfalls have been highlighted in a new report which claims the city is boring and too expensive. 

The Benchmarking Sydney 2019 report from the Committee for Sydney outlined a number of key areas affecting growth in the city. 

Committee for Sydney chief executive Gabriel Metcalf told the Sydney Morning Herald that the city is still respected by businesses, but they were more likely to set up in Bangkok or Kuala Lumpur than in New South Wales. 

Sydney’s pitfalls have been highlighted in a new report which claims the city is boring and too expensive 

Sydney now ranks 27th out of 44 global cities for global business headquarters, whereas in 2018 it was ranked 17 out of 125 cities for business activity globally.

The cost of living in Sydney is putting off international students from moving there, the report found, while the city’s culture and nightlife is lacking.  

The Committee ranked Sydney equal 26th out of 33 in terms of ‘fun’. 

‘Probably the biggest negative perception Sydney faces with its trust brand is that it doesn’t have a thriving nightlife. That has shown up in international perceptions about Sydney,’ Mr Metcalf said. 

The cost of living in Sydney is putting off international students from moving there, the report found, while the city's culture and nightlife is lacking

The cost of living in Sydney is putting off international students from moving there, the report found, while the city’s culture and nightlife is lacking 

‘That is the lockout laws and the eagerness of local councils to shut down music venues over noise complaints and all the other issues with nightlife.’

The report also found that Sydney’s progress forward stopped for at least a decade after hosting the Olympics in 2000.  

Mr Metcalf said Sydney needed to prevent ‘resting on its laurels’. 

The full Benchmarking Sydney report is released on November 26.  

 

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