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.
Australia's most expensive suburbs by median house price are all concentrated in Sydney, the most expensive city in Australia, and one of the most expensive in the world.
Sitting off the southeast coast of the mainland is Australia's littlest state and cheapest place to live, Tasmania. Its capital city Hobart boasts house prices around 25% lower than the country's average, and purchasers can bag property for 60% less than they would in cities such as Sydney or Melbourne.
After maintaining the highest standard of community well-being for seven consecutive years, it comes as no surprise that the Australian Capital Territory (ACT) cemented itself as the best place to live in Australia.
Bellevue Hill, Sydney
In the centre of Sydney's east, some of Sydney's most awe-inspiring properties are nestled within Bellevue Hill's green hills. It takes out the title as the most expensive suburb in Australia, and for good reason. A meander through the suburb's spectacular streets says it all.
The Australian Taxation Office (ATO) analysed the tax returns of more than 15 million Aussies from the 2020-21 financial year to come up with the rich list. Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
Of the top 10 richest postcodes, 1 is located in Western Australia, 1 is located in Victoria and the remaining 8 are all located in some of the most exclusive spots across Sydney. At the top of the list is Western Australia's 6011 postcode, which comprises Cottesloe and Peppermint Grove.
Australians living in rural areas have the highest wellbeing, marginally ahead of those in capital and regional cities. Queensland claimed the title of the country's happiest state.
We investigate the latest SEEK employment trends. For the second month in a row, New South Wales (NSW) was the top contributor to national job ad growth, accounting for 34% of the national year-on-year growth for March, but Victoria came a close second with 28% in March.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
The Principality of Hutt River, often referred to by its former name, the Hutt River Province, is a micronation in Australia. The principality claimed to be an independent sovereign state bordering the Commonwealth of Australia, founded on 21 April 1970.
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.
According to IDP Australia (International Education Specialists), the average cost for a single person to live comfortably in Brisbane is $400 - $750 per week, depending on your living expenses. You can refer to this calculator to get a rough idea based on your individual circumstances.
When it comes to houses, the most expensive suburb to buy into is the leafy and upmarket suburb of Vaucluse in Greater Sydney, with an eyewatering median house price of $7,943,965. The most expensive suburb to buy units is also in NSW, in Point Piper at $2,895,563.
Looking for the easiest place in Australia to find a job? As of October 2022, the answer is Canberra! That's according to the Australian Bureau of Statistics, which releases its figures for vacancy rates around Australia every quarter.
Adelaide, located in South Australia, is considered the best regional area in Australia for public relations. It is renowned for its strong economy, high quality of life, and relaxed lifestyle.
The top five cities for Indians in Australia are Melbourne, Sydney, Brisbane, Canberra, Perth and Adelaide. They house the best educational universities and offer the experience of a bustling cosmopolitan.
1. 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.
1. Hobart. With low crime rates and a relatively low cost of living, Hobart scores a relaxation score of 9 – making it the most relaxing area to live in in Australia. The city has plenty of bars, cafes and restaurants, as well as an art museum (the Mona) and plenty of sights to see.
“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.
The 10 most disadvantaged LGAs in order are: Woorabinda (Queensland), Cherbourg (Qld), Belyuen (NT), West Daly (NT), Yarrabah (Qld), Kowanyama (Qld), Wujal Wujal (Qld), East Arnhem (NT), Doomadgee (Qld) and Central Desert (NT).
It is a common story across Australia's top-tier neighbourhoods. From Toorak and Canterbury in Melbourne to Darling Point and Point Piper in Sydney, wealthy Chinese rank among the country's most prolific buyers of high-end real estate.
Wolseley Road in Point Piper is Sydney's most expensive street, attracting Australia's wealthiest residents with its luxurious properties and waterfront views.