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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.

To read the story in full, click here.

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Lorna Brett

Lorna Brett

Lorna was Dynamic Business’ Social Web Editor in 2011/12. She’s a social media obsessed journalist, who has a passion for small business. Outside the 9 to 5, you’re likely to find her trawling the web for online bargains, perfecting her amateur photography skills or enjoying one too many cappucinos. You can follow her on <a href="https://twitter.com/#!/dynamicbusiness">Twitter @DynamicBusiness</a>

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