Melbourne is growing at a higher rate than Sydney so State debt is not a determinant when it comes to where people want to live.
"In its 2022 population statement, Australia's federal government said Melbourne was projected to overtake Sydney as Australia's largest city in just under 10 years' time, in 2031-32. But the newly recast Melbourne has a total of about 5.8 million residents, almost 19,000 more people than Sydney, 9News added.17 Apr 2023"
And of course Victoria is catering to that prospective population increase with massive infrastructure projects.
These projects have a long term economic benefit and require capital investment now....not later
