Sydney is the most populous city in Australia and is famous for its gorgeous beaches, harbour, and buildings like the Sydney Harbour Bridge and the Sydney Opera House. With so much to offer, it’s no wonder many people consider living in this vibrant city.
But before you consider buying real estate, is it the best move for you? Let’s explore the pros and cons of living in Sydney.
Expand Your Knowledge: As you delve into property insights, our thorough guide on buying a house in Sydney serves as an invaluable companion. It’s packed with specifics to augment this read.
Pros of living in Sydney
What are the perks of living in Sydney? There are many of them, but let’s explore the top ones:
Stunning natural beauty
- Endless Sydney beaches, from Bondi to Manly
- Scenic coastal walks along the east coast
- Green spaces, including Centennial Park and the Royal Botanic Garden
Sydney boasts an incredible array of natural beauty. With over 100 beaches, including the world-renowned Bondi Beach, you’ll never be far from a relaxing seaside escape. Coastal walks, such as the Bondi to Coogee Walk, provide breathtaking views and a chance to explore the eastern suburbs.
Whilst Sydney may be one of the more expensive cities in Australia, there are suburbs to cater to different budgets. You can explore cheap apartments for rent in Parramatta to get an idea of the market.
Additionally, the city offers numerous green spaces and dog-friendly parks in Sydney, like Centennial Park, where you can enjoy picnics, cycling, and birdwatching.
Cultural experiences
- A multicultural city with diverse food and festivals
- Art galleries, museums, and live music venues
- Year-round events and celebrations
Sydney’s multicultural atmosphere is a melting pot of cuisines, festivals, and art. From the annual Vivid Sydney light festival to the numerous art galleries and museums, there’s always something happening in this bustling city. Live music can be found in venues across the city, and rooftop bars offer stunning views of the skyline.
Job opportunities
- High employment rate and diverse industries
- The average net salary is higher than in other Australian cities
- Networking opportunities in the central business district
The job market in Sydney is competitive, but the city offers a wide range of industries and a higher average net salary compared to other Australian cities. The central business district is a hub for networking and career advancement, making Sydney an attractive destination for professionals.
Education and healthcare
- Top-quality education institutions for international students
- Free healthcare through Medicare
- Access to world-class hospitals and specialists
Sydney is home to some of the world’s finest educational institutions, including the University of Sydney and the University of New South Wales. Living in Sydney as a student puts you at the forefront of it all. Additionally, residents have access to free healthcare through Medicare, ensuring their well-being is taken care of.
Safety
Sydney is a safe city. It has a low crime rate and is ranked as one of the safest cities in the world, with Lane Cove and Hunters Hill as some of the safest suburbs in Sydney. However, as with any city, there are some risks that visitors and residents should be aware of.
One of the biggest risks in Sydney is petty theft. This can include things like pickpocketing, bag snatching, and phone theft. It is important to be aware of your surroundings and to take precautions to protect your belongings. For example, you should keep your valuables close to you and never leave them unattended.
Another risk in Sydney is alcohol-related violence. This is most common in the city’s nightlife areas, such as Kings Cross and Darlinghurst. It is important to be aware of your alcohol intake and to avoid getting into fights.
Finally, it is important to be aware of the risks of natural disasters. Sydney is located in a seismically active region and is at risk of earthquakes, tsunamis, and bushfires. It is important to have a plan in place in case of an emergency.
Overall, Sydney is a safe city. However, it is important to be aware of the risks and to take precautions to protect yourself. By following these simple tips, you can help to ensure that your stay in Sydney is safe and enjoyable.
Cons of living in Sydney
As great as the city may be, there are a few downsides to living in it.
Cost of living
- Sydney’s average cost of living is higher than other Australian cities
- The average rent in Sydney and median house prices are also high.
- Estimated monthly costs for a single person can be steep
Living in Sydney comes with a price tag. Housing and rental prices are significantly higher than in other Australian cities, and the overall cost of living can be challenging. For a single person, estimated monthly costs can be high, depending on your lifestyle and location within the city.
If you’re living in a cheap one bedroom apartment for rent in Sydney, you’re mostly likely paying around $350-$400 per week. Cheap houses for rent in Sydney’s Western Suburbs will go for $350-$450 per week in areas like Blacktown and Colyton.
So, that means what’s a good salary in Australia is a little different when it comes to Sydney because you can expect to spend more on living expenses.
The cost of rent in Sydney is also the highest in the country with the most expensive house in Sydney selling for $100 million.
If you’re moving there, research how to rent an apartment in Sydney to be prepared about the rental process.
Recommended Reading: The Issue of Housing Affordability in Sydney
Transportation
- Public transport options include buses, trains, ferries, and light rail
- Traffic congestion and parking costs in the city centre
- Longer commutes from outer suburbs
While Sydney has an extensive public transport system, traffic congestion and parking costs in the city centre can be frustrating. Those living in outer suburbs may also face longer commutes to the central business district.
Crowds and competition
- Most populated city in Australia
- Competitive job market
- High demand for housing in the inner city and eastern suburbs
As Australia’s most populated city, Sydney is crowded, and the job market is competitive. Housing in the inner city and eastern suburbs is in high demand, making it difficult to secure a good house in a choice area.
More pros and cons on living in Sydney
How does living in Sydney compare to living in other cities in Australia?
Sydney is more expensive than other Australian cities but offers more job opportunities, cultural experiences, and iconic attractions.
How does the cost of living in Sydney compare to other major cities around the world?
Sydney is considered one of the more expensive cities globally but is still more affordable than cities like New York, London and Hong Kong. Living comfortably in Sydney is possible on a decent salary, but budgeting and prioritising expenses is essential.
Are there any affordable areas to live in Sydney?
The outer suburbs and western parts of the city generally offer more affordable housing options but may require longer commutes to the city centre.
