Cost of Living and Inflation in Melbourne, Victoria: What do you need to know?

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Here's what six local experts had to say about prices and the cost of living in Melbourne, Victoria.

Melbourne is a wonderful city when it comes to culture, people and things to do. However, people considering moving to Melbourne should know that the price of living is relatively high and that house prices are exorbitantly high. It is a city that many people wish to live in, so there are compromises for living in such a great place.

HELPFUL REPORT

The cost of living in Melbourne is very high. House prices in the Melbourne region average around $850,000, with average salaries being around $70k. A regular-sized cafe latte could cost between $3.50 and $5.00 and a loaf of bread, between $1.50 and $6.00. The suburbs are very diverse, with some in urban areas feeling very cramped, and others in the outer suburbs on larger bush blocks with lots of trees.

Melbourne is very vibrant and a land full of opportunities. Anybody moving to this city should consider the living standards and expenses associated with living in a hi-tech city; unless one is simply moving over to study at one of their prestigious universities. As a student, one should aim to enjoy and travel around the city while learning as much as possible.

Someone moving to Melbourne should know that housing prices in the different suburbs of Melbourne can differ from 600 dollars a month in rent to over 3000 dollars. Traffic can be either at a standstill or it seems you’re the only one on the road.

The prices of housing in Melbourne are increasing exponentially. if considering the move here, you best come with money saved. Melbourne could be considered the coffee capital of Australia. The coffee connoisseurs of congregate annually for the Melbourne International Coffee Expo, in which experts in the field taste and develop knew and exciting coffee blends for consumption by the general public.

Melbourne is known for its great weather fluctuations within a short amount of time. Therefore, a person moving to Melbourne must remember to check the weather forecast every morning, and bring a variety of clothing that can be layered on top of each other. Melbourne is further known for its high cost of living. It is hence recommended that one saves up before moving here.

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Cost of Living and Inflation in Melbourne, Victoria: What do you need to know?

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