Is Sydney the most unaffordable city in the world?

This news is even more grim for potential Aussie homebuyers, with five Australian cities ranked among the 15 least affordable places to buy a home worldwide in 2025. Sydney was the second-worst place for housing affordability in the world, trailing only behind Hong Kong.

What is the most unaffordable city in the world?

The most unaffordable market was Hong Kong, where the median house price was more than 14 times the median income of a worker in the city. Australia was also notably unaffordable. Metropolitan areas of Sydney, Adelaide and Melbourne were all in the top 10 as well.

Is Sydney the most expensive city in the world?

The Sydney Morning Herald in December 2024, reported that five Australian cities now sit amongst the World's 20 most expensive cities. According to US-based analytics, Demographia, Sydney is the second most expensive city, following Hong Kong, in the world.

Where does Sydney rank in affordability?

Sydney Ranked 2nd in the World's Most Expensive Housing Markets. Last week, Demographia released its 2025 International Housing Affordability Survey, revealing that Sydney is now the second most expensive housing market in the world, just behind Hong Kong.

What is the 10 most expensive city in the world?

Why living in Australia is now ABSURD

Which is the no. 1 richest city in the world?

New York City - #1

With over 340,000 HNWIs and total private wealth exceeding $3 trillion, NYC is home to Wall Street, luxury real estate markets, and global corporate headquarters.

Is Sydney expensive to live in?

Yes. Sydney is among the most expensive cities to live in the world. With higher rents and overall cost of living, it can get difficult for a low-earning individual to live comfortably in the city. However, by taking cost-saving measures and creating a proper budget, you can manage to live comfortably.

Is London or Sydney more affordable?

While the cost of living in Sydney is generally higher than in London, it offers a high quality of life and a great lifestyle. Ultimately, the decision to move to either city depends on personal preferences and circumstances.

Why is Sydney ranked so high?

Sydney scored its high ranking thanks to a number of factors, including “student mix” (the diversity and inclusivity of the student community) and “desirability” – which refers to the quality of life that the Harbour City offers (or, at least, is seen to offer by prospective students).

Where do millionaires live in Sydney?

Tamarama, Vaucluse, Darling Point, Bellevue Hill and Centennial Park — all part of Sydney's Eastern Suburbs — are the top five most expensive Sydney suburbs for property, with median house prices ranging from $7.46 million up to $9.2 million.

Is Sydney or New York more expensive?

Is Australia the most expensive country in the world?

Currently, the top 10 most expensive countries are Switzerland, Bahamas, Iceland, Singapore, Barbados, Norway, Denmark, Hong Kong (China), United States, and Australia. The lowest cost of living countries are Pakistan, Libya, Egypt, India, and Bangladesh.

What is the cheapest city in Australia?

What is the best city in the world to live in?

The World's Best City To Live

According to the EIU, Copenhagen got perfect scores of 100 in three categories: stability, education and infrastructure. The performance helped it earn a score of 98, edging out Vienna, which scored 97.1 this year. Previously, Copenhagen came in second place in both 2024 and 2023.

Is Sydney the second most expensive city in the world?

Sydney's housing market is officially the second-most expensive in the world (again) It's not a newsflash to be reminded that the cost of living in Sydney is high. But it's a kick in the guts to learn that Sydney isn't just expensive by Australian standards, but by global standards, too.

Is it cheaper to live in Australia or the UK?

Although living in Australia can be more expensive than living in the UK, it's important to remember that wages are generally higher in Australia, which helps offset these costs. Location plays a crucial role in determining your overall expenses.

Is Melbourne or Sydney more expensive?

Sydney is still the most expensive city in Australia — you'll pay around a quarter more for living expenses in Sydney than if you lived in Darwin or Melbourne, and even more if you stayed in Adelaide or Hobart. The overall costs of living in Adelaide and Hobart are very similar.

What city do most billionaires live in?

New York City has ranked as the top city for billionaires for all but one of the past 12 years. (Beijing was No. 1 in 2021.) Of the billionaire New Yorkers, 68 are finance and investment magnates, 13 are real estate moguls and 12 are in fashion and retail.

What is the cleanest city in the world?

Copenhagen, Denmark

Copenhagen, often regarded as the world's cleanest city, has prioritised sustainability in its urban development. With a population of about 1.99 million, Denmark's capital has established measures that put it at the forefront of worldwide environmental initiatives.

What is the safest city in Australia?

Is Sydney or Brisbane more expensive?

What is the most unaffordable city in Australia?

The Gold Coast has earned the unfortunate title of Australia's least affordable city to live in right now. With one of the lowest median net salaries ($48,447) and the highest percentage spent on basics (79.1 per cent), locals are left with just $10,127 a year to spare.