Sydney is the most populous city in Australia, with a metropolitan area population of approximately 4.12 million. Sydney is the state capital of New South Wales, and is the site of the first European colony in Australia, established in 1788 at Sydney Cove by Arthur Phillip, leader of the First Fleet from Britain. A resident of the city is referred to as a Sydneysider. Sydney is located on Australia's south-east coast. The city is built around Port Jackson, which includes Sydney Harbour, leading to the city's nickname, "the Harbour City". It is Australia's largest financial centre and is home to the Australian Securities Exchange. Sydney's leading economic sectors include property and business services, manufacturing, tourism, media, health and community services.