Adelaide ($443 a week) South Australia's capital is the cheapest capital city in the country to rent a unit, with the median price hovering around $450 a week.
Minimum Standard of Living
Outside Sydney and Melbourne, life can be relatively affordable, but a good basic standard is to use $600 per week as a starting point for a minimal lifestyle for an individual, and add one-third for Sydney and Melbourne or about 10 percent for the other major cities.
#1: Bundaberg – the cheapest place to live in Queensland
Considered the cheapest place to live in Queensland, Bundaberg South features a robust economy, elevated infrastructure spending, and affordable homes. The median house price in the suburb is less than $300,000.
There's long been a rivalry between the two States over which is better to live in, but after crunching the numbers, Compare the Market found that Queenslanders could be left with more money in their pockets when factoring in weekly expenses.
Find out how WA compares to the other states and territories in Australia." Western Australia has retained the title of most affordable place in the country for renting and is the most affordable state in the country for housing, according to a new report by the Real Estate Institute of Australia (REIA).
Perth has taken the crown from Adelaide as most affordable capital in Australia. Image: Canva. A new report has officially declared Perth as the most affordable capital city in Australia.
Sydney is still the most expensive city in Australia — you'll pay around a quarter more for living expenses in Sydney than if you lived in Darwin or Melbourne, and even more if you stayed in Adelaide or Hobart. The overall costs of living in Adelaide and Hobart are very similar.
Almost 2.75 million Australians will receive a pay rise of 5.75% from 1 July after the Fair Work Commission announced its decision for those on minimum and award wages. The annual wage review decision, released on Friday, indicates the minimum wages will increase to $882.80 per week or $23.23 per hour.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
People seeking a life in Australia have a good reason to put Canberra, the Australian capital city, on their priority list. A new survey by the University of Canberra's Health Research Institute has found that the city's residents are happier on average than people in other Australian cities.
Where did Australia rank in the happiest countries list? Our great southern land ranked 12th on the list this year. This is the same as it was in 2022, but we dropped down from our position of 11th in 2020. The highest we've been in the last decade was in 2016, when we were ranked ninth globally.
What are the richest suburbs in Australia? The highest-earning suburbs in Australia are Cottesloe and Peppermint Grove in Western Australia, based on the ATO's latest taxation figures.
Canberra remains Australia's most expensive capital city in which to rent a house at a median cost of $690 per week, ahead of Sydney on $660, according to the Domain Rent Report March 2023 Quarter released today.
The Australian state that is cheapest to buy a house is Tasmania, which sits off the southeast coast of the Australian mainland and is the country's smallest state.
“As has traditionally been the case, remote towns with large indigenous populations in Western Australia, Northern Territory and Queensland dominate the rankings of household size. Burketown, Bathurst Island, Telfer, Binjari, Forrest (WA), Alice Springs and King Ash Bay are towns possessing highest household size.”
Canberra – Australia's Capital City
Nestled between Sydney and Melbourne, Canberra is not only the capital but also Australia's safest city. With a low crime rate and a small-town vibe, Canberra offers an attractive blend of city living and peaceful suburban life.
Consider going modular or prefabricated
Hipages.com.au say, "In general, modular homes cost between $2500 and $3000 per square metre, but the cost will vary." Read more on how to build a home in our complete guide.
Overall, Canberra remains the most expensive capital city to rent a house in, with median weekly rents sitting at $690. Sydney takes second place at $650 per week, followed by Darwin ($620 per week), Hobart ($550 per week), and Brisbane ($550 per week).
Vietnam. One of the cheapest countries to live in is definitely Vietnam. Moving to Vietnam could be a great option for those who want to experience the country's unique culture and way of life on a more long-term basis.
Due to the convenience of having smaller cities, everything is close by and the cost of living in Tasmania is economical.
Cost of Living Comparison Between Sydney and Victoria
You would need around 8,793.6A$ (7,772.4C$) in Victoria to maintain the same standard of life that you can have with 9,900.0A$ in Sydney (assuming you rent in both cities).