New research from Finder shows that Sydney is by far the most expensive city in Australia to live, due primarily to the extortionate cost of housing (both to buy and rent):
Based off a single man living in the heart of the city, driving to and from work and going out on the weekends with four restaurant meals, one cinema trip and two train trips, Sydney-siders are paying far more to live comfortably than any other state.
In fact, homeowners in Sydney are set back an average $5,658 a month – compared to just $2,899 in Hobart.
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
