Cost Of Living In Australia Essay

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Identify one source, other than what has been presented in the class that would be beneficial for a person going to that country.
The cost of living in Australia, moving to Australia from United States will generally find that the cost of living in Australia to be relatively high when compared with that of their home country and in recent months this has continued to rise at a breakneck pace. However, in Mercer cost of living Australian cities continue to rank high on the list in the Asia Pacific region and, following the strengthening of the Australian dollar, have all experienced further jumps up the global list since last year. Sydney and Melbourne experienced relatively moderate jumps of three and six places respectively, but Perth and Canberra both jumped …show more content…

In terms of purchasing power parity, Australia provides its residents with a similar level as that available in Japan and a higher purchase parity than the United Kingdom and Singapore. For full details of all the costs you can expect when living in Sydney please see our guide to living in Sydney It contains full sample costing details for all goods and services and compliments this with useful insights into how much you can expect to pay to achieve the standard of living you're looking for (TransferWise, 2017).
Explain what makes that source important to review and briefly provide an outline of what information and topics it provides.
The source is very important due to the cost of living in Australia is 10.16% higher than in United States. However, the rent in Australia is 4.75% higher than in United States. In fact, knowing the average living costs in Australia is an important part of your financial preparation for anyone that is trying to move to Australia (TransferWise, 2017).
• Hostels and Guesthouses - $90 to $150 per week
• Shared Rental - $85 to $215 per

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