LOL guys... what's with the fighting among Melbourne and Sydney?

I haven't been to Syd so can't comment... but Melb is a nice place to live in. Sure, there are certain short comings but which place doesn't? It's a beautiful place with lots of art pieces beautifying the city, and when summer comes there'll be an eye feast when the strap tops and shorts come out

Like what bhypp said, the city's so diverse that it doesn't seem like a angmoh place anymore. However, being a cultural melting pot ain't exactly a bad thing either as you'll get to experience different kinds of stuff. Nevertheless, when you move further outwards to more rural areas it's still pretty much dominated by Caucasians, or Aborigines depending on where you go.
Shit weather... can't do jack about it unless you have some supernatural powers to control Mother Nature...
Yet I still think home's the best place to be as that's where most of our friends and families are.
Well to continue what Ver started off, here goes for Melbourne:
Pros:
1. It's a cultural melting pot as mentioned above.
2. The city's beautiful, funky, and trendy. Seriously. And all my friends who've been in different places in Australia agree that Melbourne has the most pretty people around. Don't ask me why, I dunno too.
3. There's lots of international events going on - Melb F1, Australian Open, Philip Island Motor GP etc... if you're interested in them that is.
4. Wines galore... if you love alcohol in your blood... not me though.
5. Shopping heaven, for girls especially. Not as much for guys though.
6. Public transport is quite expansive (a bit expensive as well), but it's getting crappier to be honest. Still, it's better than back in M'sia's... but it'll soon deteriorate into shit state if no improvements are made.
7. Loads of scenic places to go... and nothing beats the view of the ocean with great cliffs. With sunset. And the blue sea.
8. People are relatively friendly... it's easy to smile or even start a conversation with strangers (be cautious though of course). You don't get this often in M'sia, or any other Asian countries I guess.
Cons:
1. It's not home, no matter how good it is.
2. Shit weather... 4 seasons in ONE DAY. Oh yes, the weather's borderline.
3. It's VERY crowded in the city. Not that it's not in KL, but it's so much more hectic than JB, where I'm from.
4. Far too much alcohol around. Yup, you'll see drunkards and wackos all over the city at night, doing stupid stuff. Again, it's not like we don't have buggers in M'sia either.
5. No mamak. Nuff said. And damn it... I have still yet to find proper wantan mee. That's just me being picky.
6. It's not cheap, especially near the city. Prices of things increase subtly but quickly, and before you know it... pokkai liao.
Just these at the moment... feel free to add more.