Sydney named seventh most expensive city to live in
Dynamic Business is bringing you our top stories from 2012 over the break. Here’s a great story from February for you to catch up on.
Thanks to the strength of the Australian dollar, Sydney has been named the seventh most expensive city in the world to live in, closely followed by Melbourne, which took out the eighth spot
Sydney slipped a place in the rankings, moving from number six in 2010 to seventh in 2012. Melbourne’s rank hasn’t changed over the past year though, holding steady as the eight most expensive city to live in.
According to the Economist Intelligence Unit’s Worldwide Cost of Living 2012 report, the strength of the Australian dollar is to blame for two of our cities’ presence in the list, with local inflation having significantly less impact on the relative cost of living than currency movements.
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