>>150886080
>had poor gdp for years
>other states had to float them for decades
>even country vic, the only gdp flow, had to float them for decades


Is my theory, but this could be bullshit. I remember hearing Melbourne being as bad as US rust belt for a long time in the 50s to the 90s. It's had a revival recently though and is now carrying Australia with WA.
Remember though, vic had like coal mines and that's it for a long time. Gold had been irrelevant since the 1800s. Melbourne was a shithole for a long time. That's why they didn't replace their Tram System. Couldn't afford it. You had embezzlement issues everywhere. Constant bank robberies too, like a fuckton of them. Ridiculous amounts of petty crime.

Now it's just a totalitarian shithole that pretends it's profitable. A ponzi. Thanks, Melbourne financial cartel. Now all of our property prices are fucked and it's because of Melbourne. Fuck Melbourne.