Sydney Is Still Australia's Most Expensive Place To Live, but Melbourne and Brisbane Are Not Far Behind. Singapore and New York have tied for the title of world's most expensive city in this year's Worldwide Cost of Living report. Perth seems to be the only Aussie capital bucking the trend.
Gold Coast is one of the cheapest places to live in Australia (89th globally). It is known for its high-standard education and academia and its budget-friendly living. International students will find the Gold Coast the perfect combination of study and social life, with its magnificent beaches and nightlife.
Melbourne is considered by some to be the best city to live in Australia, and has even been ranked as the world's most livable city more than once. It's home to a thriving live music scene, late-night bars and laneways dotted with cafés and coffee shops.
Cost of living in Brisbane (Australia) is 10% more expensive than in Perth (Australia)
Queensland claimed the title of the country's happiest state. Savings aspirations among Australians remain very high, with the number of people trying to save rising to 76% overall (73% in Q2), and to 96% among 18 to 29-year-old women. Pets continue to be the biggest contributor to a person's wellbeing.
The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.
Perth, therefore, is an excellent place to live, with practically every amenity that you could want as a resident. Famous for its beautiful beaches, Perth offers several world-class parks, musical events, local wine producers, the Fremantle Prison World Heritage site, and, of course, the stunning wildlife.
Sydney Is Still Australia's Most Expensive Place To Live, but Melbourne and Brisbane Are Not Far Behind. Singapore and New York have tied for the title of world's most expensive city in this year's Worldwide Cost of Living report.
Sydney prides itself on safety, deep culture, and friendly communities. It is considered the fifth safest city in the world and Australia's safest city. Like any other city, there is crime, just not as much. It is no secret that Sydney is a major city with a population of 5.2 million.
Most affordable suburbs in 2022
Kambalda East in Western Australia was named the most affordable suburb for houses, with a median value of $118,525. For units, the most affordable suburb was Laguna Quays in Queensland, with a median value of just $72,076.
Coober Pedy, South Australia
A suburban community in South Australia, Coober Pedy's median house price is $72,000 and its average rent price is $180 per week (or $720 per month). Coober Pedy is often called the opal capital of the world due to the high levels of the mineral that are found there.
Beachside suburbs like Coogee and Bondi come out on top for liveability. Close enough to the city centre while existing in their own bubble, these coastal hotspots offer exquisite views and a space to breathe away from the commotion. For trendy inner-city living, try Paddington and Potts Point.
- Con: High cost of living
Although not as expensive as other Australian cities, the cost of living in Perth is above average. In fact, Perth is considered one of the most expensive cities in the world. As mentioned though, high salaries usually offset this.
In 2018, a report by Infrastructure Australia predicted that Perth, within 30 years, would grow to be the same size Melbourne and Sydney were in that year and surpass Brisbane as Australia's third largest city.
The city of Perth has the best weather/climate in Australia. The city enjoys a temperate Mediterranean climate with hot and dry summers and mild but wet winters. Perth is also the sunniest capital city in Australia and is considered one of the hottest experiencing over 250+ days of sunny blue skies.
The median Australian adult finished 2021 with a net worth of $US273,900, making them richer than the comparable resident of any other country, according to Credit Suisse's annual global wealth report.
Victoria leads the economic rankings, closely followed by the ACT and Tasmania, with Queensland not far behind in fourth position, with little separating the top four positions.
Australia performs well in many dimensions of well-being relative to other countries in the Better Life Index. Australia outperforms the average in income, jobs, education, health, environmental quality, social connections, civic engagement and life satisfaction. These assessments are based on available selected data.
Aussies are a fairly happy bunch
Australia ranked near the top of the list in the 2022 World Happiness Report, with a happiness score of 7.162 (on the 0 to 10 scale), placing it as the 12th happiest country in the world out of 156 nations.