Australian cities have now all fallen out of the global top 30 most expensive locations in the world for expats, according to a biannual cost of living survey.
Sydney and Canberra, both in the top 20 a year ago, now rank 31st and 39th respectively, shows a survey by ECA International, a leading provider of knowledge, information and technology for the management and assignment of employees around the world.
Perth is among the Australian cities that have fallen in the rankings as well as Melbourne, Adelaide, Brisbane and Darwin.
Melbourne has fallen 22 places to 45th position globally followed by Adelaide in 46th place, Perth in 47th place and Brisbane in 54th place. Darwin has fallen the most to 55th place, down from last year’s 26th spot.
‘Despite actual prices of goods in ECA International’s shopping basket for Australia rising at a faster rate this year overall, the significant weakening of the dollar against most major currencies means that Australian locations are becoming cheaper again relative to many other locations around the world,’ said Anna Michielsen, general manager for Australia, New Zealand and Pacific for ECA International.
Asian locations including Beijing at 15, Shanghai at 18, Seoul at 21 and Hong Kong at 28 are among those that now rank higher up the list of most expensive cities for expats.
To ensure that their employees’ spending power is not compromised while on international assignment multinational companies will often include a cost of living allowance in their pay package.
Living costs for assignees are affected by inflation, availability of goods and exchange rates, all of which can have a significant impact on assignee remuneration packages. To assist companies with their calculations ECA carries out two Cost of Living Surveys per year, comparing a basket of like for like consumer goods and services commonly purchased by assignees in 440 locations worldwide.
It shows that the price of petrol, for example, is AUS$1.66 in Sydney but ATS$2.47 in Hong Kong, AUS$2.39 in central London, AUS$2.08 in Singapore, AUS$2.4 in Paris and AUS$1.88 in Tokyo.
A beer at a bar costs AUS$8.28 in Sydney but AUS$14.89 in Singapore, AUS$13.79 in Dubai, AUS$13.3 in Paris, AUS$10.73 in Tokyo, AUS$10.26 in Beijing, AUS$10.16 in Hong Kong and AUS$9.41 in central London.
Among major cities the cost of a lunch, a main course and a dessert is quite pricey at AUS$31.02 in Sydney. The same would cost AUS$16.46 in Tokyo, AUS$17.16 in Bangkok, AUS$20.06 in Hong Kong, AUS$21.31 in Singapore, AUS$23.93 in Beijing, AUS$24.59 in Dubai, AUS$25.05 in Rio de Janeiro, AUS$29.37 in Manhattan.
Australian cities becoming more affordable for expats
Không có nhận xét nào:
Đăng nhận xét