In a 2009 article published in Forbes magazine, Sydney, Australia placed 10th on a list of the world’s 20 best places to live. World cities like New York, London, Tokyo, Paris, and Rome did not even make the list. How did they determine the order?
The researchers compared 420 global cities and ranked them according to the Quality of Life Index and City Infrastructure. Sydney was number 10 in Quality of Life and number 11 for City Infrastructure. What do these numbers mean?
Several factors are used to determine Quality of Life, including crime, economic stability, personal freedoms, health care, education, culture, housing and accommodation and social environment and a good resource website to research further is BoardingHousesHQ.com.au. For the past two years Sydney has gone up in the rankings. One reason why Sydney is a city on the rise is its growing business community that offers sound maufacturing, mining and banking oppurtunities.
Each year, thousands of international businesses make the decision to invest in Sydney. What are the advantages? For starters, companies can get to know Sydney without investing huge sums of money. If they have a good first year, many companies make the decision to establish permanent offices in Australia.
Like many global cities, Sydney attracts a diverse group of highly-skilled immigrants. The city is located in Australia’s most populous state, New South Wales (NSW), which is home to more university graduates than most Asian cities. That includes cities with sizable business communities like Hong Kong and Singapore.
At last count, about a quarter of the workers in NSW have a Bachelor’s Degree or higher, and that’s the entire state! As the largest and fastest growing city in NSW, Sydney has one of the most educated workforces in all of Asia. But because many of these immigrants come from countries like India where even skilled workers earn less, salary levels are lower than in most global cites. Not surprisingly, access to highly-skilled, affordable employees is a key selling-point to international businesses.