Living in Sydney

Sydney offers a dynamic lifestyle that balances urban living with natural beauty. As Australia’s largest city, it has a thriving economy with opportunities in finance, technology, education, and tourism, attracting professionals from around the world. Sydney’s iconic landmarks, such as the Sydney Opera House and Harbour Bridge, coupled with its beautiful beaches, make it an attractive place to live. However, the cost of living can be high. A family of four is expected to spend around A$6,200 per month without rent.

At the same time, Sydney is known for its diverse cultural scene, with numerous festivals, art galleries, theaters, and restaurants reflecting its multicultural population. Sydney’s coastal setting also allows residents to enjoy a range of outdoor activities, from surfing and sailing to hiking in nearby national parks. Its strong economy and welcoming environment make it an attractive option for expats, while the excellent healthcare system and high-quality education further enhance its appeal for those looking to settle long-term. For instance, the University of Sydney and UNSW Sydney rank within the top 20 universities globally.

The cost of living in Sydney is one of the highest in Australia and consistently ranks among the most expensive cities in the world (currently, it’s #31 globally). Housing is the largest expense, with rent and property prices in desirable neighborhoods like the CBD, Surry Hills, and Bondi Beach being particularly steep. Groceries, dining out, and entertainment can also be pricey, with many restaurants and cafes reflecting the city's affluent lifestyle. Public transportation, including trains, buses, and ferries, is extensive and reasonably priced, but commuting costs can add up for those living in outer suburbs. Utilities, including electricity and water, are higher than in many other regions, especially during the hot summer months when air conditioning is essential. Healthcare is of high quality, with both public and private options available, and Medicare helps cover many medical costs for residents.

Sydney has a diverse job market with opportunities across industries like finance, technology, tourism, and education. Major multinational companies such as Commonwealth Bank, Westpac, and Macquarie Group dominate the financial sector, while tech giants like Google and Atlassian have a strong presence in the city, providing jobs in software development, IT, and digital services. Sydney’s tourism and hospitality industry also plays a significant role, with hotels, airlines, and event companies constantly seeking skilled professionals. The city’s economy is strong, offering a range of positions for both local talent and international professionals, with English being the primary working language.

Finding an apartment in Sydney can be a long and complicated process, especially in popular areas close to the city center or near beaches. Rent prices tend to be high. A one-bedroom apartment in the center may cost around A$3,300, and a similar option outside of the center — approximately A$2,200. Additionally, demand often exceeds supply, so many newcomers prefer to rent through real estate agencies. It’s common for rental applications to require proof of income, references, and a deposit, so being prepared can speed up the process. While the market can be challenging, a wide variety of apartment options exist, from modern high-rise buildings to more spacious suburban homes, offering something for different budgets and preferences.

Sydney’s public transport system is extensive, featuring trains, buses, light rail, ferries, and the recently introduced Sydney Metro. The Metro, a driverless rapid transit system, offers fast and frequent services, enhancing connectivity between the city center and outer suburbs. The train network remains the backbone of public transport, with buses providing access to areas not covered by rail. In turn, Sydney’s ferries offer a scenic commute across the harbor, particularly popular for those traveling to areas like Manly. The Opal card system allows seamless travel across all modes of transport, making it convenient for both residents and tourists. Note that fares depend on multiple factors, including the type of transport, time of the day, and day of the week.

Sydney has a high-quality healthcare system, supported by Australia’s public Medicare program, which provides residents with access to essential medical services. The city is home to several world-class hospitals, such as Royal Prince Alfred and St Vincent’s, offering comprehensive care ranging from general practice to specialized treatments. Private healthcare options are also widely available for those seeking additional coverage or shorter wait times. With well-trained medical professionals and advanced facilities, Sydney ensures excellent healthcare services for both residents and newcomers.