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
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
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.
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.