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Sydney, Melbourne Among The World’s Most Expensive Cities To Move To

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Sydney, Melbourne Among The World’s Most Expensive Cities To Move To!

Two Australian cities have been declared some of the most expensive places to move in the world, according to a study released by a Berlin-based company. 

Sydney is sixth most expensive and Melbourne 14th, according to furnished apartment listing service Nestpick. On Tuesday it revealed which of 80 major immigration hotspots in the world are the most expensive for new residents to put down roots.  

The two state capitals were joined at the top of the list by locations like Auckland (second), New York (fourth) and London (fifth).  


Melbourne has been named the 14th most expensive city in the world to move to. (Photo: Hozier Lane, Melbourne)

The first month’s costs of moving to each city were broken down into several different categories. In total Sydney cost $3938.30 and Melbourne $3241.75.  

The study targeted international migrants so visa costs were included and the most expensive city, Dubai ($5580.97) also had the second most expensive visa after Auckland.

Other factors taken into account were the costs of renting a furnished apartment, internet and phone plans, food and drink, and transport.


Sydney ranked sixth in the study. (Photo: Sydney Opera House)

There also appeared to be some correlation between the most expensive cities and the world’s most livable.

Austrian capital Vienna is the world’s most livable city in the most recent study by Mercer.com. It’s the 27th most expensive to move to at $2557.62.

Zurich is second most livable and eighth most expensive at $3807.73. Auckland is the third in the livability ratings and Sydney and Melbourne are 11th and 16th most livable, respectively.

Nestpick’s managing director Ömer Kücükdere said his company compiled the list to help those moving to some of the world’s most desirable cities.

“The cost of living is often a huge factor for those looking to move, with the initial month almost always incurring extra costs due to potential visa applications,” he said.

“We hope that this index serves as a good indicator of how affordable or expensive many of the most popular remote working destinations are around the world, and will help those seeking opportunities abroad to make a smart decision.”

You can view the full list of 80 cities here.
 

SOURCE: DOMAIN.COM.AU, Jim Malo, 12 June 2018.     

           

by Celine Battendier

Sydney, Melbourne among the world’s most expensive cities to move to!
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