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The central business district is where Sydney’s trade has historically been centered (CBD). Sydney CBD and Sydney City both refer to the same location. The CBD or city center is frequently referred to as “the Town” or “the City.” The Sydney city center extends southward for about three kilometers from Sydney Cove, the first European colony where the Sydney region was first established (2 km). Due to its significant part in the early history of Australia, it is one of the most anciently developed regions in the country.