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12 Oct 2015

Why Australia is the Best Place to Live and Work in the World

According to the Organisation of Economic Cooperation and Development (OECD), a Paris based think-tank, Australia is the best place to live and work in the world, third time running! The organisation took statistics related to health, housing, employment, income, safety, work-life balance, education, environment, civic engagement and overall life satisfaction into account to announce Australia as the world’s ‘happiest industrialised nation’.

 

Economy

Australia’s per capita GDP in terms of purchasing power parity (PPP) is higher than that of United Kingdom, France and Germany. The country has not only managed to stay immune to the global fiscal crisis, but according to the International Monetary Fund (IMF), has also showed a steady average economical growth over the last two decades, thanks to its rock-solid financial sector. .

By signing a Free Trade Agreement (FTA) with China, South Korea and Japan, Australia has taken a huge leap forward in boosting its export business, mainly in the agricultural produce, mining and energy sectors. The nation, which is rich in natural resources, has shown the world that it is ‘open for business’ by meeting all the standards of safety, quality, cleanliness, eco-friendliness and efficiency of processing systems.

Apart from a steady mining industry, the Australian service sector has also grown considerably over the last few years, with real estate and business services being the major contributors to the nation’s GDP.

 

Employment

The employment level in Australia is as high as 73% for its population aged between 15 and 64 years, as compared to the global average of 66%, as per the OECD reports. This draws a clear picture of job opportunities being quite good down under.

Interestingly, despite average Australians working almost 83 hours less per year as compared to the rest of the working population around the world, the average household disposable income stands at nearly $29,000 per annum in Australia, which is way more than the OECD average of $23000.

According to the report, 85% of Australia’s working population are proud of their jobs and actually enjoy doing them! In fact, the recent Euro zone crisis has witnessed an en masse migration of skilled workers from Greece, Portugal, Spain and Italy as well as Australian nationals settled in the UK for decades to Australia in search of better career opportunities and improved standards of living.

As of February this year, the biggest industries in terms of employment were health care, retail trade, construction, professional services (including scientific and technical services) and manufacturing.

 

Standard of Living

According to The Economist’s 2015 Global Liveability Rankings, Melbourne was named as the world’s most liveable city, fifth year running! Adelaide bagged the fifth position while Sydney and Perth stood at seventh and eight respectively, making Australia home to a total of four out of the world’s 10 best cities to live in.

Cost of Living & Job Prospects

Here’s a closer look at the cost of living a job prospects in Australia’s largest cities – Sydney, Melbourne and Brisbane.

Sydney

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With an economy that is larger than that of Hong Kong and Singapore, Sydney produces over $300 billion worth of goods and services per annum. The city has a low unemployment rate and plenty of job opportunities available in Finance, Professional Services, Manufacturing, IT, Communications, Digital Technology, Tourism, Education and Research and Marketing industries.

Sydney is the most expensive Australian city to live in and also among the most expensive cities in the world. The average monthly rental cost of a one bedroom apartment outside Sydney’s center is around $1600, which is much higher than London’s $900 price tag but slightly lower than the going rate of $1800 in New York.

 

 

Melbourne

Melbourne city view from southbank

Melbourne city view from southbank

As the city that has the largest Greek population outside of Greece, Melbourne has always been open to migrants. It offers a host of employment opportunities to skilled labour in Automotive, Aviation, Construction, Education, Engineering, Nursing, Finance, IT and Communications sectors.

In terms of cost of living, Melbourne is not as expensive as Sydney. However, owing to the arrival of migrants from Europe, there is a lot of pressure on the city’s housing, public infrastructure, civic amenities and health care system. The growing demands have led to a consequent rise in the cost of living. A one bedroom apartment outside Melbourne’s city center would probably cost you around $1200 per month to rent.

 

Brisbane

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Brisbane offers the best of both worlds – a thriving economy and relaxed way of life! The Sunshine State offers a plethora of employment opportunities in Tourism, Hospitality, Healthcare, Business and Manufacturing industries.

Brisbane’s cost of living is much cheaper than that of Sydney and Melbourne! Property prices are quite affordable and so is the cost of rentals. You can rent a good one bedroom apartment outside the city center for less than $1200 per month.

With the right climate, a robust economy, plenty of job opportunities for skilled professionals, excellent civic infrastructure and an overall great vibe, Australia does seem like a great place to live in and work!

 

 

If you’re considering making the move Down Under and exploring lucrative career options that would offer assured job security and excellent work-life balance, take a look at www.s2m.com.au to get an idea of the hottest jobs in Australia, top-paying positions and the best companies to work for!

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