{"id":11132,"date":"2014-01-31T12:11:15","date_gmt":"2014-01-31T16:11:15","guid":{"rendered":"https:\/\/www.mymovingreviews.com\/move\/?p=11132"},"modified":"2019-12-03T10:20:05","modified_gmt":"2019-12-03T14:20:05","slug":"will-you-move-to-sydney","status":"publish","type":"post","link":"https:\/\/moveadvisor.com\/move\/will-you-move-to-sydney\/","title":{"rendered":"Will you Move to Sydney?"},"content":{"rendered":"

Sydney is the capital of New South Wales and the biggest city in Australia. According to the 2013 Economist Intelligence Unit’s (EIU) Global Livability Survey, Sydney is the seventh most liveable city in the world. The city has considerably high living costs compared to other Australian cities, but it has a strong economy, offers excellent education and career opportunities, good health care, and worldwide famous entertainment attractions.<\/p>\n

\"Sydney\"<\/p>\n

City of Sydney \u2013 Economic Profile<\/h2>\n

Home to the Australian Stock Exchange, Sydney is the country’s leading financial centre. In fact, more than 65% of Australia’s trading activity happens here. 82 per cent of all banks in Australia (foreign and domestic) have their headquarters located in Sydney.<\/p>\n

Financial and Insurance Businesses <\/strong>are the largest employers in the City of Sydney, making up 19.7% of total employment. Next are Professional, Scientific and Technical Services (18.6% of total employment), Public Administration and Safety, and Information Media and Telecommunications.<\/p>\n

In Sydney, the median weekly individual wage for persons aged 15 years comes at $717<\/strong>, compared to $518 in other Australia’s cities. The median weekly family income is about $1,683, compared to Australia’s average – $1,481 .<\/p>\n

In the year to June 2013, the CPI for Sydney rose 1.3%<\/strong>. During the same period, the CPI for the eight capital cities in Australia rose 1.2%.<\/p>\n

Median property price fell from $762,000 (November, 2013) to $587,000 (December, 2013). If you consider buying a home, mind that 2-bedroom properties cost round $804,000<\/strong>. Renting a 2-bedroom unit will cost you $850 per week on average. (Source: realestate.com.au)<\/p>\n

City of Sydney \u2013 Community Profile<\/h2>\n

The current official population of the City of Sydney as of the 30th June 2012 is 187,561. 31,350 residents moved from another country and a bit above 40,000 moved to Sydney from another Australian city. (2006-2011)<\/p>\n

About half of the City’s residents were either born overseas<\/strong> or have a parent born overseas and more than 30% of the Sydney\u2019s population speaks a language other than English. The most common languages spoken are Mandarin, Cantonese, Indonesian, Korean and Greek.<\/p>\n

In Sydney, 9% of households are made up of couples with children compared with 35% in Greater Sydney.<\/p>\n

City of Sydney \u2013 Suburbia Profile<\/h2>\n

Sydney and the metro area can offer a variety of suburbs \u2013 from the upscale and established ones, to the bohemian and bustling ones, and the laid back and tranquil ones.<\/p>\n

As we already mentioned, home prices in Sydney are higher compared to other Australian cities<\/strong>. If you want to live in the inner-city suburbs, you have to make more money than the average.<\/p>\n