The Moderately high Cost of living in Sydney is justified by the fact that Sydney Australia is one of the best cities in the world.
Sydney Universities offer complete range of programs and degrees that yields internationally recognized degrees.
Considering the quality and reasonable living expenses in Sydney, specially when compared to the U.S., Sydney Australian is considered one of the most popular destination for a world class living.
Australian Government survey showed that in terms of total costs of living expenses, living in Australia was less expensive than the USA and UK. Living costs too will vary by location, and of course by your lifestyle.
Costs are higher in urban centers and lower in regional areas.
Initial establishment costs for a shared apartment, such as rental bonds for accommodation, electricity, gas and telephone, could add up to at least A$1,500-$2,500.
Here is a quick guide of the cost of living in Sydney as in April 2014:
Rent: A$200-2000 Weekly rate (share accommodation is cheaper) Haircut: female A$20.00-100.00 (Women in Australia pays more for haircut!) Movie ticket A$13.00-30.00 (student discount might apply) Restaurant/café meal A$8.00-25.00 Medical: A$30 per consultation, unless covered by Medicare for permanent residents Bus A$15 (special discount for students) Books: A$50-200 depending on the book Gas and Electricity: A$100-150 per month, if you are moderate user Taxi: 5 Minutes ride could cost A$10 Buy car: A$5000-150,000 Gas bill: A$50-100 per month Car insurance: A$800 per year for car worth A$34000 Home building insurance A$1200 for 3 bedroom house per year, house worth 500,000 Home Content insurance A$120 per year for content worth 20,000 Petrol: A$1.4-1.6 per litre
The cost of living in Sydney, Australia, is close to 50 percent higher than in New York, according to a new survey that illustrates the painful side effects for residents living through a once-in-a-century mining boom. Many have had to take out a cash advance or second mortgage in order to navigate the suddenly more competitive financial climate.
In the Worldwide Cost of Living Survey which was conducted by the Economist Intelligence Unit, the twice-yearly report compares prices across 160 products and services including drinks, schools and transport.
Of the 130 cities studied, Sydney ranks seventh, down from sixth place a year ago, while Melbourne is unchanged in eighth place. But back in 2002, Sydney was 25 per cent cheaper to live in than New York, a statistic that a decade later has more than reversed.
Mining-town Perth now ranks 12th, up from 13th position last year. Brisbane is joint 13th, up from 15th, while Adelaide has jumped to 17th place from 24th.
The findings will ring true with many locals, who regularly complain of rising prices for everything from energy supplies to staples such as fruit and vegetables. Australia's consumer price index rose 3.1 per cent in the December quarter of 2011 from a year earlier with hefty spikes seen in the cost of transport, education and rent.
A stand-out in the developed world for its economic strength, however, Australia has avoided a recession for more than 20 years and enjoys a 5.2 per cent jobless rate, the envy of its peers in developed countries where unemployment in some cases hovers closer to 10 per cent.
In 2011, the Organisation for Economic Co-operation and Development's Better Life Index found that Australia may be the world's happiest industrialised nation, with some 75 per cent of inhabitants designated as being satisfied with their lives.
Rent: check out www.realestate.com.au and www.domain.com.au Also check out www.gumtree.com.au for shared places
Car registration: In NSW, you will be paying around $500+ per year. In NSW, you have to pay your 'rego' by the due date. If you don’t your car is considered unregistered and un-road worthy and you will have to have a full road worthy done before it can be registered again. Car insurance is just too individualized.
Phone / Internet: Check out www.bc.whirlpool.net.au for a comparison of broadband plans. Also check out www.telstra.com. au and www.optus.com.au for info about phone contracts. A$20-30/month
Gas / Electricity: Check out www.switchwise.com.au for information about gas and electricity prices. Just enter a random Sydney Australian post code.
Petrol: Check out www.racv.com.au for daily petrol prices in Sydney. Also www.motormouth.com.au for an overview of prices in the capital cities. Petrol prices can vary widely from the morning to evening in Australia.
Cars: Check out www.carsales.com.au and www.carpoint.com.au
Clothes: Check out www.myer.com.au. or www.target.com.au - they dont have an online shop but do have their latest catalogue on their website.
Groceries: www.woolworths.com.au and www.coles.com.au You could do an online shopping to work out what the price of groceries would be.
Schools: Check myschool.edu.au for reports anc comparison of 10,000 shcolls in Australia. In NSW Sydney at the very least you will be paying a 'voluntry' fee and for school books.
Health Insurance: In Sydney you can get it for private hospital cover as well as for 'extras' such as optical, dental, allied health (speech therapy, physiotherapy etc). Depending on what it is, you will get either a limit that will be refunded (ie/ $200 per year for speech therapy) or a certain amount refunded such as with dental. Check out www.iselect.com.au to compare plans. Dental in Sydney Australia is really expensive. For example, the price of a root canal could reach A$1500. If you have a pre-exisiting condition, your health insurance provider could ask you to wait 12 months before they cover you for that.
Banking: Just about all banks will charge you for having an account with them. ANZ has an account for $5 / month that has unlimited internet banking and ATM withdrawals. If you make a withdrawal from another banks ATM you will pay up to $2.50 per transaction. Have a look at www.infochoice.com.au. In addition most companies will charge you an 'admin' fee for paying your bill, generally a couple of dollars.
House or Unit you own in Sydney Australia: There are council and water rate. However, if you are renting the landlord pays the rates and you just pay for the excess water charges. Rubbish collection is included in council rates. No tv licence in Sydney Australia though, although you have to put up with ads every 5 mins.