admin-ajax.php

Australian cities are the best in the world to live

Melbourne is the best city in the world to live, according to the a report last year by the Economist Intelligence Unit’s (EIU) Global Liveability Survey.

Other Australian cities in the top 10 include Sydney (ranked 6th) and Perth andAdelaide (ranked joint 8th.).

Brisbane lagged the other Australian cities ranking 21st.

“Australia, with a low population density and relatively low crime rates, continues to supply some of the world’s most liveable cities,” said Jon Copestake, editor for the EIU survey.

Of course our cities also ranked amongst the most expensive cities in the world to live, but I’d argue that’s the price you pay to live in the best country in the world.

In another recent EIU report Sydney and Melbourne ranked as the sixth and seventh most expensive cities in the world in which to live. This particular survey assessed the cost of living in relation to the cost of goods in shops as well as the cost of housing. Cost of living in our big capitals was found to be about 40 per cent higher than in New York, mostly because of steep housing costs in Australia.

Even in Perth, which boasted the strongest purchasing power in Australia, aided by the fattest pay packets in the land, the cost of living in Perth came in at about 25 per cent higher than New York.

Not surprisingly, the debt-ridden Eurozone countries ranked poorly in the EIU liveability rankings.

The worst places to live among the 140 locations surveyed by EIU were Port Moresby in Papua New Guinea, Bangladesh’s Dhaka and Zimbabwe’s Harare.

Country      City               Rank    Overall Rating (100=ideal)

Australia       Melbourne       1          97.5

Austria          Vienna               2          97.4

Canada          Vancouver       3          97.3

Canada          Toronto             4          97.2

Canada          Calgary              5          96.6

Australia       Sydney             6          96.1

Finland           Helsinki           7          96.0

Australia       Perth                 8           95.9

Australia       Adelaide          9           95.9

New Zealand Auckland       10        95.7

 

Bottom 10

Cote d’Ivoire    Abidjan        131     45.9

Iran                     Tehran          132     45.8

Cameroon        Douala           133     44.0

Pakistan            Karachi         134     40.9

Libya                 Tripoli           135      40.4

Algeria             Algiers          136       40.2

Nigeria              Lagos            137       39.0

PNG                   Port Moresby 138    38.9

Bangladesh     Dhaka           139       38.7

Zimbabwe        Harare         140     38.2

Source: Economist Intelligence Unit



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Australian cities are the best in the world to live' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!