Cost of Living Australia 2024 & Monthly Expenses to Expect | How Expensive is Sydney?!

Moving to Australia in 2024? Wondering how much it costs to live in Australia? How expensive is Sydney / Melbourne? This is your complete guide to the cost of living in Australia and ALL the monthly expenses you need to expect if you're planning on moving here.
Recently, it was announced the Sydney housing market has surpassed New York and London, consistently ranking in the top most expensive cities in the world to live in. Today, we'll chat about all the different expenses you could be expecting if you're moving here, including: housing expenses, rent, property bills, utilities, gym, groceries, dining out, phone plans and medical appointments.
Music by Chinsaku - Cozy - thmatc.co/?l=182959C5
commonly searched tags:
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subscriber count at time of upload: 4096
FTC: I am not a financial expert and this video is not sponsored. All opinions are my own

Пікірлер: 113

  • @erictang4798
    @erictang47985 ай бұрын

    I know Sydney is expensive. Below is my way of saving $$ 1. I own my house and no rent is needed and no strata. 2. I have full solar panels on my roof and I run most device like washing machine, dishwasher, vaccum cleaner during the day when power is free. 3. I cut my hair. 4. I never take public transport as I drive to work and consume cheap Costco fuel. 5. I hardly eat out as I cook 99% at home, basically having dinner party with friend at home. Buying coffee & bubble tea does not apply to me. 6. I never go to cinema as I have 75 inches big TV with netflix subscription with surround sound speakers to watch movies. 7. I DIY most things at home. 8. I use gift card with 5% discount to shop in Wooly supermarket. 9. I enjoy free exercise and hobby like bike ride, fly my drone & picnic. This measure is not hard, just abit of change of life style for me.

  • @candidlyvivian

    @candidlyvivian

    5 ай бұрын

    I love this Eric!! I agree with pretty much all of your points and they are all things I have been practising across 2023: - less eating out because home cooked food is yummier and cheaper and larger portions... - no takeaway coffees bc coffee machine at home is great (thankfully i've never liked bubble tea so that wasn't too difficult) - cashback on everything and only buying on sale - not getting hair / other beauty stuff done outside - no cinemas either (i've always found cinema seats gross too, so I just wait until it's cheap to rent / hit streaming services and watch it at home instead)

  • @erictang4798

    @erictang4798

    5 ай бұрын

    @@candidlyvivian I have also stopped buying thing from real stores like Bunnings, big W but ordered them online Temu with maybe 1/4 of the price. My GP is 100% bulk bill and I have health insurance to cover my dental and spectacle bills.

  • @candidlyvivian

    @candidlyvivian

    5 ай бұрын

    omg hahah Temu is the best! and if you're not in a rush...order on Ali Express for even cheaper 🙃

  • @erictang4798

    @erictang4798

    5 ай бұрын

    @@candidlyvivian Ali is not cheap and they charge for delivery...

  • @candidlyvivian

    @candidlyvivian

    5 ай бұрын

    ahh I actually got lucky with them and ordered some home decor items for relatively cheap!! @@erictang4798

  • @PeacefulTraveller888
    @PeacefulTraveller8888 күн бұрын

    I live further north, I’m older and established. Just one year younger than the Babyboomers. I have been making coffee at home for decades, I cook at home, I rarely eat any meat or eggs. Groceries DO cost a lot now. I might start going to Aldi a bit for some basics. I rarely eat out. The Federal government just gave ALL Australians a handout of $1k towards power bill. Look at your power bill to see for yourself. There have been state hangouts for over 12 months now too ⚡️I love going to the Arthouse cinemas but I stay in now and enjoy Netflix for $6.99 a month. Getting a good 📺 and wifi changed my circumstances. I don’t have expensive hobbies. I love spending time in nature and I’ve starting growing as much food as I can. I need all these changes. Hairdressers are expensive - I just go to the salon a lot less now. I have truly pulled my belt in and I am striving to be more frugal 💰

  • @adiagarwal3784
    @adiagarwal3784Ай бұрын

    Great video and breakdown!

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    Thank you!

  • @Zilron38
    @Zilron38Ай бұрын

    Good video and thank you for your research.

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    no worries! thanks for watching :)

  • @pocoyomc
    @pocoyomc8 күн бұрын

    This is handy and got to the key monetary components of living in Sydney. Thank you :)

  • @candidlyvivian

    @candidlyvivian

    7 күн бұрын

    No worries at all 😀

  • @valentinaquiroga8294
    @valentinaquiroga82945 ай бұрын

    Thank you so much for the video! It was super clear and great help ❤

  • @candidlyvivian

    @candidlyvivian

    5 ай бұрын

    yay no worries! :D

  • @VirtualOliverP
    @VirtualOliverP4 ай бұрын

    A great rundown of costs of living in Australia especially in good ol Sydney 😅

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    hahah yes good old Sydney bleeding us dry 😂

  • @robertjeges70
    @robertjeges702 күн бұрын

    90 k average sounds correct. Keep in mind this figure is calculated by ranging from incomes of 40 k per annum to 1 mil per annum .

  • @jonathanbriones3235
    @jonathanbriones32355 ай бұрын

    I haven't seen in mentioned, but maybe go to Aldi for living essentials (i.e. meat, veggies....etc.). They have less variety than Coles or Woolies, but they're 30% cheaper. Would recommend Aldi for the everyday stuff.

  • @candidlyvivian

    @candidlyvivian

    5 ай бұрын

    oh yes good tip!! i forgot to mention 🥲 I love Aldi too, significantly cheaper - i also carry some cash to avoid the card surcharge LOL

  • @hermesliteratus882
    @hermesliteratus8822 ай бұрын

    The cost of living in Australia has been increasing dramatically ever since the beginning of Covid in 2020 and there is no sign of easing any time soon. Now added to that is the sky rocketing property price in every major city in the country except for Melbourne.

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    it has been absolutely crazy. salaries haven't moved that much making things so much harder!

  • @Disillusioned2022
    @Disillusioned20226 ай бұрын

    Dude you're gorgeous. Thanks for the video. It only re-affirms my decision to leave Australia and live in SEA was well worth it. My lifestyle here is that of a king considering I can keep my Australian job 100% wfh. I never left Australia. In the end, it left me.

  • @candidlyvivian

    @candidlyvivian

    6 ай бұрын

    thank you! that’s great you get to work remotely on an australia income 🙂 all the best :)

  • @tanthaman

    @tanthaman

    3 ай бұрын

    Simp

  • @Disillusioned2022

    @Disillusioned2022

    3 ай бұрын

    @@tanthaman Words like simp, or incel, or racist - they have no meaning anymore. They are used by people in all the incorrect ways. Take your example - you called me a simp because I called a girl gorgeous. Ay yi yi.

  • @tanthaman

    @tanthaman

    3 ай бұрын

    @@Disillusioned2022 you called a girl beautiful on the Internet. You are a simp my friend

  • @wip-jz5gn

    @wip-jz5gn

    Ай бұрын

    Lol - whinge about Australian lifestyle but leech off Australian's soil to sustain your so called current king lifestyle 👏

  • @breeze5393
    @breeze53936 ай бұрын

    those small, seemingly innocuous purchases for things like coffee, bubble tea, bottled water and fast food really do add up 😢

  • @candidlyvivian

    @candidlyvivian

    6 ай бұрын

    i agree!! bubble tea is so overrated

  • @cambodialife3983
    @cambodialife39834 ай бұрын

    Costs under US$10,000 a year to live a simple lifestyle in South East Asia if your not a drug adduct or alcholic or have spoilt spending or wasteful habits. Thailand, Philippines, Cambodia, Vietnam. I do it for about US$7000 a year with an asian wife and dont rent as we own. Have 2 motorbikes for transport in the favourable climate, have internet and AC, meat veggies and fruit are real cheap, and so is eating out. Its not for everyone and more suited to people with lay back lifestyles and patience and tolerance to adapt to the culture change.

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    SEA sounds like a dream :')

  • @johngodden4363
    @johngodden43632 ай бұрын

    Moral of the story sweetie is not to choose to live in Sydney or Melbourne if money is an issue. There are plenty of other cities and towns which are very affordable and where you can still enjoy the Australian lifestyle and earn a good living. Life is about choices.

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    yes definitely a good idea! I would if all my family + friends weren't here :)

  • @varnaksingh
    @varnaksinghАй бұрын

    Real numbers, been in Sydney for 2 weeks now.

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    Haha nice :) thank u for confirming

  • @spilsbury889
    @spilsbury889Ай бұрын

    Iam moving to Sydney alone in January. I have never been to Australia before and i aim to bring around 15,000 Dollars. I aim to live in hostels for a few months and get a job around March time. Do you think i will struggle with this amount and would staying in a hostel for a bit till i find a room mate be cheaper than a studio? Great video 😊

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    hey there! welcome to sydney in advance! that should be alright and be able to cover 2 months of unemployment. hostels, share-houses will definitely be cheaper than a studio (which might cost you at least $400 depending on how far out you go..) hopefully you can get a room in a shared house for ~$250 I recommend this website: flatmates.com.au/ to find roommates :)

  • @andrew1470
    @andrew14704 ай бұрын

    90k average?! What no way. That is inaccurate information. 55 to 65 is what most get

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    www.abs.gov.au/statistics/labour/earnings-and-working-conditions according to the ABS it’s the median of all full time employees 😱

  • @andrew1470

    @andrew1470

    4 ай бұрын

    @@candidlyvivian doesn’t sound right, does it?

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    ​@@andrew1470 i did initially think it was quite high but also given cost of living + inflation since covid, it is reasonable. remember this is also the median salary of ALL full-time workers industries like mining + banking also pay a lot of $$

  • @JayShuun

    @JayShuun

    2 ай бұрын

    @@candidlyvivian how much of the population work in part-time/casual? would this skew the data?

  • @Zilron38

    @Zilron38

    Ай бұрын

    There is only very few people that I know that make 90k or more, and they are all managers for big firms.

  • @majinboo6377
    @majinboo63776 ай бұрын

    if ure a lifters or gamers, australia is not ur place. if ure immigrant, u do a job and get paid 15 an hour (mostly) with high cost living (weekly rent is crazy expensive unless u want to live in dirty homestay cramped with others in one room) and no time for entertainment or me time cause ure slaving away from morning to night.

  • @candidlyvivian

    @candidlyvivian

    6 ай бұрын

    Agree - cost of living is actually so crazy these days + all these interest rate rises… 😱

  • @dl4871
    @dl48712 ай бұрын

    Confirm the figures are true, from 30 years experience living in Sydney.

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    thank you for confirming 🙂

  • @user-zm4jc5lh5n
    @user-zm4jc5lh5n3 ай бұрын

    I m coming on tourist visa to find job which place is best plz guide about cheapest place even sharing room

  • @candidlyvivian

    @candidlyvivian

    3 ай бұрын

    flatmates.com.au for share rooms! alternatively domain + realestate are Australia's leading rental websites

  • @--Monique
    @--MoniqueАй бұрын

    just don't move to Sydney...you probably get the same pay in another city with lower expenses anyways

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    that’s true! i wouldn’t be in Sydney if my family and friends weren’t here

  • @sravankumar8763
    @sravankumar87632 ай бұрын

    This looks real calculations, but rent is it 2200? In melbourne youll get 2bhk and can share with frnds

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    hi there! yes unfortunately Sydney rent is really crazy right now - 1 bedrooms go for $500-$700 and 2 bedrooms can be at least $700 and range up to $1k per week depending on location

  • @hijazzains

    @hijazzains

    2 ай бұрын

    ​@@candidlyvivianmy friend pays $800 a week for a 2 bedroom 1 hour away by train from his CBD workplace...and he earns that median weekly income with a mkn working wife and baby

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    @@hijazzains that sounds about right 😢cost of living + rental prices are actually so crazy lately

  • @Justinonmytube
    @JustinonmytubeАй бұрын

    2 bedder for 650? That is 2 years ago. Anything decent would be 800+ now

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    yeah anything modern is easily $800+...although there are definitely still older brown stone buildings where you might be able to get $650

  • @JohnnyBeitia
    @JohnnyBeitia5 ай бұрын

    "PANAMÁ 🇵🇦 RELOCATION TOURS!! WITH JA CKIE!!😊 🙋👍❤️👈"

  • @JohnnyBeitia
    @JohnnyBeitia5 ай бұрын

    "5 REASONS TO GET PANAMÁ 🇵🇦 RESID ENCY!!😊 🙋👍❤️👈"

  • @traiii
    @traiii4 ай бұрын

    2200 a month is robbery.

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    i agree it is daylight robbery - better off buying a place + renting that out, the $2200 can cover the mortgage

  • @Starcraftmazter
    @Starcraftmazter29 күн бұрын

    $100 for a doctors consult, what?

  • @candidlyvivian

    @candidlyvivian

    29 күн бұрын

    yep - alot of doctor appointments aren't bulk billed anymore (meaning you have to pay upfront, and then possibly claim back 40% with medicare)

  • @Starcraftmazter

    @Starcraftmazter

    29 күн бұрын

    ​@@candidlyvivian Yeh I'm aware, but I know only of one oddity in the middle of Sydney who charge $100 after the claim-back (which is instant). I don't think such an amount is common at all.

  • @candidlyvivian

    @candidlyvivian

    29 күн бұрын

    @@Starcraftmazter ahh okay good to know its not the case for everyone! I got my info from here! i'm lucky my doctor is still bulk billed :') Aussies are set to be charged more than $100 for a standard non-bulk billed GP appointment from next month, following a third price increase this year. This change marks the third time that recommended fee has gone up in 2023, after it went up to $90 in March and then $98 in July.

  • @MortivationNation
    @MortivationNation3 ай бұрын

    Australia is just so expensive since after covid, its a joke. Going to be a terrible place to live over the next few years.

  • @candidlyvivian

    @candidlyvivian

    3 ай бұрын

    I completely agree - Sydney in particular is so expensive

  • @nealtran6844
    @nealtran68444 ай бұрын

    90K a year is not considered average.

  • @candidlyvivian

    @candidlyvivian

    4 ай бұрын

    it does seem quite high right? I got my info from the ABS: "Median employee earnings was $1,300 per week, up $52 (4.2%) since August 2022"

  • @hijazzains

    @hijazzains

    2 ай бұрын

    ​@@candidlyvivian so half of Aussue earns less than $1300 per week.....

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    @@hijazzains yup that's correct

  • @mooman8981

    @mooman8981

    29 күн бұрын

    Average is 90k median is 67k - average is misleading due to the skew from people earning 300k+

  • @adaptking3170
    @adaptking317021 күн бұрын

    Having lived here my whole life, I can confidently say Sydney is one of the most overrated cities on the planet. Once your career is all set up and you plan to settle down, thee is no reason to live here.

  • @S3verance
    @S3veranceАй бұрын

    Don't come to Perth leave us alone 😭

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    i heard perth house prices have been going up crazy over the last year too T_T

  • @S3verance

    @S3verance

    Ай бұрын

    @@candidlyvivian yes it's terrible 😭

  • @wip-jz5gn
    @wip-jz5gnАй бұрын

    Just leave - we're all here just contributing the Australian housing ponzi anyway

  • @candidlyvivian

    @candidlyvivian

    Ай бұрын

    yeah T__T

  • @cheekmeat
    @cheekmeat2 ай бұрын

    CBA’s head of Australian economics, Gareth Aird, said on Tuesday that not only were further rate rises now a “near‑term risk”, but any cuts will also come slower than previously expected. Most of the expected cuts will likely be pushed back to 2025, he said. He explained that strong population growth, driven by net overseas immigration, has put pressure on the Consumer Price Index. “Most notably the housing‑related components,” Mr Aird wrote. “As a result, demand is stronger and so inflation is falling less quickly than otherwise.” Meaning immigration is the problem! You lot need to stay tf away

  • @candidlyvivian

    @candidlyvivian

    2 ай бұрын

    was right there with you until the last sentence 😂

  • @cheekmeat

    @cheekmeat

    2 ай бұрын

    @@candidlyvivian literally over 700,000 people came in last year and thats why everything is priced out the wazoo. People running from their governments poor decisions instead of standing up to it like theyre responsible to. Leaving the poor behind in their own homeland and destroying the housing market for my childrens future. Its disgusting and I think more people need to be aware of this perspective

  • @twigglee
    @twigglee6 ай бұрын

    yeah Sydney just keeps getting more and more ridiculous to live in 🥲

  • @candidlyvivian

    @candidlyvivian

    6 ай бұрын

    i know T_T

  • @ryhchoi

    @ryhchoi

    6 ай бұрын

    All the inflation is coming from money printing via reckless govt spending