Sydney Second most Expensive City
According to The Cities of Opportunity Survey conducted by multinational accountancy firm PricewaterhouseCoopers, Sydney is the second most expensive city after Tokyo. The survey measured twenty-seven of the most influential cities on factors such as quality of life, economic opportunity, technology and the cost of conducting business.
Sydney came in as the 11th most influential city, was ranked first for sustainability and second for demographics and liveability with Paris leading the way. Sydney was ranked third for health, safety and security behind Stockholm and Chicago. Besides these impressive achievements, Sydney was fourth last for transportation and infrastructure. It was reported that a lack of new housing and congested traffic held Sydney back.
In 2011 Sydney was ranked at an over all position of six. Sydney Business Chamber’s Patricia Forsythe believes that Sydney has been let down by a lack of investment in infrastructure over the past ten years.
“And it is clear that on issues around transport and cost of housing and cost of doing business in the CBD that we are slipping.” (abc.net.au)
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