Melbourne Australia’s Most Liveable City!
Melbourne has come second in the latest study by the “Global Liveability Survey” compiled by “The Economist” only behind Vancouver in Canada.
The study ranks 30 factors out of 100 points with Melbourne only falling short for its traffic jams.
Many Australian cities received perfect scores for education and healthcare but Melbourne stood out from the rest. It is a great achievement for Melbourne to be number 2 on the list with Sydney not so far behind in 7th position, while Adelaide and Perth where 8th. Brisbane was ranked 21st out of the 140 cities.
The Lord Mayor Robert Doyle stated,
“We all love Melbourne for its parks and gardens and fantastic events and it’s great to have it recognised for the wonderful city it is.”
The index takes into account factors including crime rates, cost of living, infrastructure and climate.
Australian cities far outranked some of the world’s most popular destinations – London managed a paltry 53rd and New York 56th.
Economist Intelligence Unit editor Jon Copestake said only 2.3 per cent separated the entire top 10 cities, while Brisbane was only 3.3 per cent lower than Melbourne.
Sydney scored slightly worse than Melbourne on crime.
While the award for second place is great for one of the world’s most liveable cities, property developers locally and internationally have also recognised the demand for residents with a push to purchase development sites that allow for higher density developments such as new apartments.
According to Savills Australia, Developers are paying record prices for scarce high-density residential development sites because of Victorias strong economy and Melbourne’s renowned as a liveable city.
Demand from international property developers is strong being attracted to Melbourne population growth; reputation for economic stability and comparatively affordable land prices says Savills divisional director Nick Peden.
Mr Peden said he expected land values and demand for high-density development sites to increase further over the rest of the year. ”Melbourne has all the key fundamentals to provide consistent growth over time,” he said.
If this does remain, those buying in new apartments today will certainly see some good capital growth as new apartments in Melbourne become more expensive due to land prices and construction costs.
