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Fairfax reports that Melbournians are spending far less on discretionary retail than their Sydney counterparts:
Sydney retailers are generating close to 20 per cent more sales than their Melbourne counterparts each month…
Stores located in Melbourne net about $27,275 in sales a month on average, compared with $32,250 a month for companies in and around Sydney…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.