Sydney

Sydney's median house price surpassed AUD 1.5 million in 2024, the highest ever, while rents rose 15% year-on-year amid record immigration—a growth rate 5% higher than the average of the other top 10 cities combined. The city's lifestyle premium — world-class beaches, outdoor culture, and restaurant scene — maintains its global appeal. A cappuccino costs AUD 6-7, a pub meal runs AUD 25-35, and Opal transit cards are among the developed world's most expensive, with weekly commutes averaging AUD 50, making Sydney 10% pricier than Dubai for daily essentials.