In response, 500,000 residential housing units have been built in Melbourne. To put that in perspective, Sydney’s population has grown by 820,000 over the same period. The allure of Melbourne, which is ranked eight in our index, has resulted in one million people joining the city’s population in the past 12 years. We also examine the prospects for economic growth and the quality of a city’s universities, for example. The attractiveness of a city is a key part of how we grade it in our own Schroders Global Cities investment index. Little surprise, then, that in 2016 Melbourne was named the world’s most liveable city for the sixth year in a row by the Economist Intelligence Unit. Its employment pool is diverse, driven by finance, real estate, healthcare and education. As we found on our recent visit, Melbourne boasts an enviable wealth of cultural offerings and quality higher education establishments.
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