COST OF LIVING IN AUSTRALIA

COST OF LIVING IN AUSTRALIA

Australia has been the first choice for many aspiring migrants since a long time now. The favouritism only seems to be increasing thanks to dramatic political upheavals worldwide, the Brexit in UK, the Muslim ban (among other outrageous policies under the trump reign) in the US, etc. Even a little research on the web will tell you that Australia has an exceptional quality of life. The political stability, social policies and work-life-balance, do come at a cost. Ever wondered exactly how costly is Australia? Currently Australia is ranked as the 12th highest cost of living in the world, however it’s still less expensive than many other expatriate hubs such as Singapore, Tokyo, Hong Kong which come under the Top 10.

WHERE TO LIVE

Most Popular Cities: Sydney and Melbourne

Sydney has been achieving high scores for various social aspects such as infrastructure, healthcare, education etc. for decades now, and Melbourne has been number 1 on the “World’s happiest Cities” list. These reasons among various others make these cities a popular choice and thereby densely populated. While choosing a city to settle in, some considerations can be: Property prices, job prospects, cost of living etc.

HOUSING IN AUSTRALIA

Sydney has the highest median price of a dwelling when looking at buying a house. If staying in the city is not a necessary requirement, one may also chose to live in the outskirts of the city and travel into the city. “Outskirts” such as Wollongong, Glelong etc. are hardly 1.5-2 hours away from the city but the prices of properties are significantly lower.

REGION MEDIAN DWELLING PRICE
Sydney $780,000
Melbourne $576,000
Brisbane $479,000
Adelaide $420,000
Perth $480,000
Hobart $306,000
Darwin $495,000
Canberra $550,000

If you are LEASING:
location and size of the property determines the rent you’d be paying. For example the average cost of a 2 bedroom apartment in Sydney is about $600 per week, Inner Sydney (CBD) and beach side are almost double this price. Where as a similar property in Melbourne would be 3/4th of the price and in Darwin/Hobart its will be nearly half the price.

TRAVEL IN AUSTRALIA

Travel in Australia is fast cheap and super convenient. Most cities would have a tap on and off card which can be used across different modes of transportation such as bus, light rail and train. Usually a person spends about $20- 50 per week on regular commuting.The bus network is quite integrated and very punctual. Bus stations are located about every 1-3 km so you always have one or the other station around.

HEALTH AND FITNESS

Australia is very focused on fitness, this is evident form their outdoorsy culture. Many report have suggested that over 93% of Australians are indulged in one or the other form of fitness. Complimenting this, Australia has a world-renowned healthcare programme. Permanent residents and citizens are all eligible for health cover provided by the government. A standard comprehensive cover (essentials) costs about $100 per month. Many citizens also chose private health insurance to cover extras such as dental care etc.

MOVING TO AUSTRALIA

Moving to Australia is worth it despite the exuberant costs simply because the salaries in Australia are much, much higher. Reports suggest that the Australians earn over 20% more than their British counterparts. Australia also boasts the HIGHEST WAGES PER HOUR: http://money.cnn.com/2015/05/14/pf/minimum-wage-countries-australia/

OTHERS:

Meal, Inexpensive Restaurant 18.00 A$
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 A$
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 A$
Domestic Beer (0.5 liter draught) 7.00 A$
Imported Beer (0.33 liter bottle) 8.00 A$
Cappuccino (regular) 4.15 A$
Coke/Pepsi (0.33 liter bottle) 3.15 A$
Water (0.33 liter bottle) 2.62 A$
Markets
Milk (regular), (1 liter) 1.41 A$
Loaf of Fresh White Bread (500g) 2.63 A$
Rice (white), (1kg) 2.82 A$
Eggs (12) 4.70 A$
Local Cheese (1kg) 9.54 A$
Chicken Breasts (Boneless, Skinless), (1kg) 10.40 A$
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 15.45 A$
Apples (1kg) 4.03 A$
Banana (1kg) 2.97 A$
Oranges (1kg) 3.46 A$
Tomato (1kg) 4.62 A$
Potato (1kg) 2.83 A$
Onion (1kg) 2.44 A$
Lettuce (1 head) 2.48 A$
Water (1.5 liter bottle) 2.50 A$
Bottle of Wine (Mid-Range) 15.00 A$
Domestic Beer (0.5 liter bottle) 5.15 A$
Imported Beer (0.33 liter bottle) 5.59 A$
Pack of Cigarettes (Marlboro) 25.00 A$
Transportation
One-way Ticket (Local Transport) 4.00 A$
Monthly Pass (Regular Price) 134.00 A$
Taxi Start (Normal Tariff) 4.00 A$
Taxi 1km (Normal Tariff) 2.17 A$
Taxi 1hour Waiting (Normal Tariff) 49.20 A$
Gasoline (1 liter) 1.25 A$
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,500.00 A$
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 23,295.08 A$
Utilities (Monthly)
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 161.91 A$
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.23 A$
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 69.39 A$
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 63.79 A$
Tennis Court Rent (1 Hour on Weekend) 18.46 A$
Cinema, International Release, 1 Seat 18.00 A$
Childcare
Preschool (or Kindergarten), Private, Monthly for 1 Child 850.00 A$
International Primary School, Yearly for 1 Child 23,000.00 A$
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 96.28 A$
1 Summer Dress in a Chain Store (Zara, H&M, …) 64.38 A$
1 Pair of Nike Running Shoes (Mid-Range) 132.44 A$
1 Pair of Men Leather Business Shoes 133.65 A$

HAVE QUESTIONS?

Our MARA registered immigration agents understand how stressful the migration process can be. Unlike most other migration law firms, our lawyer actually explain every step of the process in a no-jargon manner. In addition to this, we provide constant on call support. Contact us on hello@pathmigration.com for a Free Assessment and advice on your options for migrating to Australia.
OR

Book a Consultation now!

We are always happy to help! ?

NOTE: The information provided in this blog can not be construed as “legal advice”. You should not act based on the information provided here without consulting a registered MARA agent. Migration law is complex and changes very frequently, while we ensure our content is accurate, we can not vouch for how concurrent it is. To clarify any of your doubts call us on +61 2 8815 8135

 

Share This Post