The Australian reports that UK-based Economist Intelligence Unit says...
- "Sydney has moved up from 32nd place two years ago to sixth now and Melbourne is up from 38th to seventh, with a cost of living more than 40 per cent higher than New York.
Perth and Brisbane, which are almost 25 per cent more expensive than New York, are ranked 13th and 14th.
All four cities are now costlier than major cities including London, Vienna, Rome, Berlin, Hong Kong and Beijing, according to the survey, which compares the cost of living using more than 400 individual prices in 133 cities around the world.
Tokyo, Oslo and Osaka take the top three places overall while Mumbai, Tunis and Karachi are the three cheapest.
How many times have you heard a tourist to our fair city say that the prices for basic things like eating out and tours, are way over the top?
The survey reported that just ten years ago, Sydney was ranked 71st; Melbourne 80th, Perth 91st, and Brisbane 93rd. The Australian says that the cost of living index of 100 for New York, costs in our cities have doubled in 10 years.