Australian cities ranked the worlds most expensive
Jun 14th 2011, 12:26 am
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Australian cities ranked the worlds most expensive
Australian cities have been ranked amongst the world's most expensive, a survey has revealed.
ECA International, a global human resources company, has released a semiannual survey which compares the price of food and basic goods and services in more than 400 cities around the world and has ranked Australian cities higher for cost of living this year, mainly as a result of currency changes.
It compares the costs of living for expatriates maintaining a standard of living on a par with developed countries to guide employers' salary and benefits offers. Items such as food and beverage, basic goods and services, and some entertainment are included, but the survey excludes housing, utilities, car purchases, and school fees, which can vary widely and typically are counted separately in expatriate compensation packages.
With the Australian dollar appreciating about 30 percent against the U.S. dollar since last June combined with a strong economy and proximity to the booming Asia Pacific region, many overseas visitors might find it more expensive than most countries around the world.
The cost of a quick lunch in a Sydney restaurant is now $25.65, compared with $19.46 in Manhattan; a dozen eggs is $5.30, against $3.45 in Manhattan; and a tube of toothpaste is $4.73 vs. $3.52 in Manhattan, according to ECA International.
Since 2004, Australia has seen a deterioration in its relative competitiveness doing business globally, says Glenn Mair, director of MMK Consulting in Vancouver and a leader of KPMG's Competitive Alternatives study, which analyzes the costs of doing business in cities around the world.
In 2004, the cost of doing business in Australia was about 8.5 percent lower than in the U.S., according to KPMG's report. By 2010, the gap had shrunk to 2.2 percent, due to Australia's strong dollar and stable economy during the global economic crisis.
read full article here
http://au.pfinance.yahoo.com/moneyan...e-cities-2011/
ECA International, a global human resources company, has released a semiannual survey which compares the price of food and basic goods and services in more than 400 cities around the world and has ranked Australian cities higher for cost of living this year, mainly as a result of currency changes.
It compares the costs of living for expatriates maintaining a standard of living on a par with developed countries to guide employers' salary and benefits offers. Items such as food and beverage, basic goods and services, and some entertainment are included, but the survey excludes housing, utilities, car purchases, and school fees, which can vary widely and typically are counted separately in expatriate compensation packages.
With the Australian dollar appreciating about 30 percent against the U.S. dollar since last June combined with a strong economy and proximity to the booming Asia Pacific region, many overseas visitors might find it more expensive than most countries around the world.
The cost of a quick lunch in a Sydney restaurant is now $25.65, compared with $19.46 in Manhattan; a dozen eggs is $5.30, against $3.45 in Manhattan; and a tube of toothpaste is $4.73 vs. $3.52 in Manhattan, according to ECA International.
Since 2004, Australia has seen a deterioration in its relative competitiveness doing business globally, says Glenn Mair, director of MMK Consulting in Vancouver and a leader of KPMG's Competitive Alternatives study, which analyzes the costs of doing business in cities around the world.
In 2004, the cost of doing business in Australia was about 8.5 percent lower than in the U.S., according to KPMG's report. By 2010, the gap had shrunk to 2.2 percent, due to Australia's strong dollar and stable economy during the global economic crisis.
read full article here
http://au.pfinance.yahoo.com/moneyan...e-cities-2011/
Jun 14th 2011, 12:34 am
#2
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Re: Australian cities ranked the worlds most expensive
Australian cities have been ranked amongst the world's most expensive, a survey has revealed.
ECA International, a global human resources company, has released a semiannual survey which compares the price of food and basic goods and services in more than 400 cities around the world and has ranked Australian cities higher for cost of living this year, mainly as a result of currency changes.
It compares the costs of living for expatriates maintaining a standard of living on a par with developed countries to guide employers' salary and benefits offers. Items such as food and beverage, basic goods and services, and some entertainment are included, but the survey excludes housing, utilities, car purchases, and school fees, which can vary widely and typically are counted separately in expatriate compensation packages.
With the Australian dollar appreciating about 30 percent against the U.S. dollar since last June combined with a strong economy and proximity to the booming Asia Pacific region, many overseas visitors might find it more expensive than most countries around the world.
The cost of a quick lunch in a Sydney restaurant is now $25.65, compared with $19.46 in Manhattan; a dozen eggs is $5.30, against $3.45 in Manhattan; and a tube of toothpaste is $4.73 vs. $3.52 in Manhattan, according to ECA International.
Since 2004, Australia has seen a deterioration in its relative competitiveness doing business globally, says Glenn Mair, director of MMK Consulting in Vancouver and a leader of KPMG's Competitive Alternatives study, which analyzes the costs of doing business in cities around the world.
In 2004, the cost of doing business in Australia was about 8.5 percent lower than in the U.S., according to KPMG's report. By 2010, the gap had shrunk to 2.2 percent, due to Australia's strong dollar and stable economy during the global economic crisis.
read full article here
http://au.pfinance.yahoo.com/moneyan...e-cities-2011/
ECA International, a global human resources company, has released a semiannual survey which compares the price of food and basic goods and services in more than 400 cities around the world and has ranked Australian cities higher for cost of living this year, mainly as a result of currency changes.
It compares the costs of living for expatriates maintaining a standard of living on a par with developed countries to guide employers' salary and benefits offers. Items such as food and beverage, basic goods and services, and some entertainment are included, but the survey excludes housing, utilities, car purchases, and school fees, which can vary widely and typically are counted separately in expatriate compensation packages.
With the Australian dollar appreciating about 30 percent against the U.S. dollar since last June combined with a strong economy and proximity to the booming Asia Pacific region, many overseas visitors might find it more expensive than most countries around the world.
The cost of a quick lunch in a Sydney restaurant is now $25.65, compared with $19.46 in Manhattan; a dozen eggs is $5.30, against $3.45 in Manhattan; and a tube of toothpaste is $4.73 vs. $3.52 in Manhattan, according to ECA International.
Since 2004, Australia has seen a deterioration in its relative competitiveness doing business globally, says Glenn Mair, director of MMK Consulting in Vancouver and a leader of KPMG's Competitive Alternatives study, which analyzes the costs of doing business in cities around the world.
In 2004, the cost of doing business in Australia was about 8.5 percent lower than in the U.S., according to KPMG's report. By 2010, the gap had shrunk to 2.2 percent, due to Australia's strong dollar and stable economy during the global economic crisis.
read full article here
http://au.pfinance.yahoo.com/moneyan...e-cities-2011/
Jun 14th 2011, 12:36 am
#3
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Jun 14th 2011, 12:47 am
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Jun 14th 2011, 1:05 am
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Re: Australian cities ranked the worlds most expensive
Wait 'till we get the carbon tax, Australian cities will be even more expensive places.
Jun 14th 2011, 1:09 am
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Jun 14th 2011, 1:11 am
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Jun 14th 2011, 1:16 am
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Jun 14th 2011, 1:20 am
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Jun 14th 2011, 1:21 am
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Jun 14th 2011, 1:44 am
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Jun 14th 2011, 2:00 am
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Re: Australian cities ranked the worlds most expensive
What's the name of that town in England that recently had it's steelworks closed down due to emissions trading? I'm sure the people there are stress free!