Why Move to Sydney?
Sydney is popular with British expats mainly due to the similar language and culture, a better work-life balance and its warmer climate. Although it’s expensive to live in the city, many Brits are attracted to Sydney’s high quality of life, stunning nature and relaxed lifestyle. There are currently 76,000 British citizens living in Sydney, made up of a mixture of permanent residents and those on a work or student visa.
Best Places to Live in Sydney
Inner City Suburbs is a popular destination for young professionals in Sydney. The Eastern Suburbs is an ideal location for those wanting to be near the beach and coastal walks, typically popular with families. When choosing where to live in Sydney, it’s important to factor in proximity to your work, schools and other important amenities. To find out more, read our
Moving to Australia guide.
Cost of Living in Sydney
In 2024, the cost of living in Sydney is 15.8% more affordable than in the UK (London). Grocery shopping will cost you 20.4% more in Sydney on average and the salary is 14% less than London, but you will make savings with rent, childcare, utilities and more. Sydney is more expensive compared to other Australian cities such as Melbourne, Perth.
Below we compare the cost of living in Sydney with the UK by looking at London prices.
Cost of Living Comparison: Sydney vs. London
Item |
Sydney |
UK (London) |
Monthly rent for a 1-bedroom apartment in city centre |
$3,270.71 (£1,694.68)
|
£2,170.83
|
Price per m2 to buy apartment in city centre |
$23,115.40 (£11,976.96)
|
£13,403.96 |
Monthly salary after tax |
$6,207.91 (£3,216.55)
|
£3,732 |
3 course meal for 2 people, mid-range restaurant |
$120 (£62.18)
|
£80 |
1 litre of milk |
$2.48 (£1.29)
|
£1.33 |
1kg chicken fillets |
$12.58 (£6.52)
|
£7.41 |
Monthly travel pass |
$217.39 (£112.64)
|
£200 |
Utilities (electricity, heating, cooling, water, garbage) for 85m2 apartment |
$292.17 (£151.38)
|
£281.33 |
Monthly gym membership |
$88.63 (£45.92)
|
£45.33 |
Monthly private preschool |
$3,110 (£1,611.41)
|
£1,815.85 |
Data taken from Numbeo.
Property Prices & Rent in Sydney
Sydney has experienced a recent growth in house and rental prices due to high demand in the property market. There isn’t a huge difference in the cost of renting and buying in Sydney compared to the UK, but it remains more affordable in Sydney to rent by 26.8% and to buy by 10.6%. It’s more expensive to buy and rent in Sydney than Brisbane, Melbourne, Adelaide, Hobart and Perth.
Property Prices & Rent in Sydney vs. London
Item |
Sydney |
UK (London) |
Monthly rent for a 1-bedroom apartment in city centre |
$3,270.71 (£1,694.68)
|
£2,170.83 |
Monthly rent for 1-bedroom apartment outside of centre |
$2,255.23 (£1,168.52)
|
£1,630.26
|
Price per m2 to buy apartment in city centre |
$23,115.40 (£11,976.96)
|
£13,403.96
|
Price per m2 to buy apartment outside of city centre |
$14,000 (£7,253.93)
|
£7,956.99
|
Data taken from Numbeo.
Education in Sydney
There are a range of good primary and secondary schools in Sydney as well as notable universities such as the University of Sydney and the University of New South Wales. Children must attend school at age 6 and study until they are 17. Following the Australian Curriculum, Sydney schools cover the key subjects as well as extracurricular activities.
Job Market in Sydney
The finance sector is a significant part of the job market in Sydney. It’s home to many headquarters of many banks and insurance companies, making the city a notable financial hub of Australia. Tourism and hospitality makes up a large part of Sydney’s job market, offering jobs in bars, hotels and as tour guides. Healthcare, education and legal services are significant sectors too.