Sydney is the state capital of New South Wales, Australia, with an enviable reputation as one of the world's most beautiful and liveable cities. It was founded in 1788 when the first fleet arrived in Australia from England. Sydney's estimated metropolitan population was 5,312,163 in 2019, meaning the city is home to approximately 65% of the state's population. Sydney is the country's largest business-centric city with its magnificent harbour and strategic position. This city has a humid subtropical climate with warm summers and mild winters. It is recognized as a safe, clean city as well as fresh air and numerous trees, parks, and green spaces. Sydney has an effective public transport system with various transportations.
As one of the well-developed cities, Sydney has the highest capital gains, and the rental return rank first, with a high potential for development and appreciation. For example, Langston Central is the bustling hub of the community, located in an active retail area and lush gardens. Moreover, the NSW Government released Sydney's Metropolitan Plan, which integrates land use, urban and funded–transport planning together, to provide a framework for sustainable growth and development across the city by 2036. It can be seen that Sydney's economy will continue to grow and bring more development to the Sydney property market.