COST OF LIVING IN SYDNEY PER MONTH IN 2024 - Family of Four

Hello,
Finally, I got a chance to do an update on the current cost of living for a family of four living in Sydney, Australia.
Please keep in mind that this video is only a guide and may not be a true representation of the expenditure of an average family of the same size living in Sydney. I encourage you to do your own research based on your family's needs.
Thanks for watching
You can see the older version from two years ago here👇🏽👇🏽
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[@lifewithchioma]

UPDATE: Having read some of your comments, I realise that I didn't do a good job of summarising this video and the total figure of our monthly expenses would appear unreasonably high - my apologies. I did mention that some of the costs are not ongoing, monthly costs so I should have factored that into the total. Minus things like uniforms (occasional cost), Private health (we recently cancelled our policy), clothes and hair (occasional costs),Pink slip (yearly one-off cost), the total is A$6,643. This is a more realistic picture of our month to month spending. You can compare the current cost to what we used to spend a few years ago. The difference is shocking!😮😮 kzbin.info/www/bejne/bqqbpY1orJ6Ve80 Please don't forget to like. Thanks for watching❤

[@kinzoogbugo1891]

Thank you madam. I love the way you speak English.

[@makpae007]

Thank you, Chioma, for these clarifications. I wish you and your family a happy holiday season and lots of blessings.

[@julietchampionmumprenuersd9246]

Thanks so much for this

[@amazingyall3619]

Thanks Chie this is so informative

[@lifewithchioma]

You're welcome.

[@NANTAAYIHARRIETKYEYUNE-zn3ks]

Thank ❤, please do us a video on the Bank to use when I want to save money.

[@adedejiabioye3972]

Hi. Chioma. Thanks for this video. You gave a lot of insight into living in Australia. Could you do a video of what it will cost per month to (1) stay in a 1-bedroom apartment in Australia for 1 person per month (including, light, water, gas and telephone). (2). How much of proof of fund does 1 person need to have/show to be considered for RP in Australia (3). What is the average salary for a cybersecurity consultant in Australia and how easy is it to get such job in Australia. Kindly do this video and I will be most grateful.

[@CaeruleaTigris]

Unfortunately these things vary quite a bit by place, do you know what location you would like to move to?

[@estherwamaitha4971]

Thanks for this important information 🙌

[@lifewithchioma]

You are welcome, Esther.

[@simonbache5284]

My sister when you say dollars is it aussie dollars or US dollars?

[@cheeky_monkey_No1]

Cant believe renting is more than 50% cheaper than mortgage...😵

[@musaratkhan3489]

Tel us in total per month roughly cost of 4 members?

[@TheKevaslah]

8k mortgage repayments that's an almost $2M house. That must be very demanding for anyone who wants to start out in Sydney. How do people manage this? Is this where most immigrants live? Thanks a lot. Very informative video.

[@lifewithchioma]

This is the result of 13 relentless interest rate hikes within the last year and half. The cash rate is now at 4.35%, many people are in mortgage distress. Well, immigrants are scattered all over Sydney.

[@Jie-rz2hf]

A $2M house is very standard for a suburb in Sydney. Younger people can start out buying apartments or further out from the CBD where houses are just over $1M. With the current interest rate, many people are struggling. Also note that houses in Australia worth $2M are not mansions and look like crap.

[@CaeruleaTigris]

Sydney is one of the most expensive housing markets in the world and the vast majority of people are not buying homes there. Renting would usually do you just fine but it has also become a little absurd in the past few years. In my experience, at least from when I lived there, the Western Sydney suburbs have the biggest immigrant populations, and that's a little cheaper but the area is "worse" and prices like that seem to be a Sydney standard I'm afraid. My advice to immigrants who want to buy in Australia eventually is "don't get your hopes up" and "avoid the major cities". That second one comes with the caveat that the big earning jobs (with the exception of everywhere jobs like being a GP) just aren't that common outside the big cities. Nevertheless, you'd even do better going to Brisbane, Adelaide or Perth over Sydney or Melbourne nowadays.

[@ikennarita6380]

How much is salary

[@AzeezatShowtv12]

The pink slip is generally 46-47 regardless of the car you are using . The cost of living is on the highest standard 😅😅 more blessing 🙌 me won run go Brisbane o😅

[@lifewithchioma]

Ah, you want to run and leave us here? 😂

[@dammietees]

come ooo, brisbane is cheaper 🤣

[@jamesodike8668]

Rego at $16 per month....how come. That's the lowest I've ever heard

[@NurseDeo]

Thank you for sharing Cars are so expensive here, even to maintain 🤣🤣 when I’m ready I’ll do novated leasing, it’s cheaper. For now, train and bus to the rescue🤣🤣

[@lifewithchioma]

It sure is, especially now!

[@kinzoogbugo1891]

Nurse deo is here, Lol

[@OlotaMustaphaIdowu]

CTP is about 90 dollar

[@oscarjackson9826]

Honestly no place is easy this days, we keep going

[@lifewithchioma]

For sure!

[@dammietees]

What!!! maybe it all evens out because my rego is 747 annually..................... even insurance is cheaper for you. We dont have pink slip

[@user-yu6sz6ls2g]

Madam, can I move to Australia through vocational studies

[@lifewithchioma]

Please consult an education agent. You will find their information through the website of whatever school you are interested in. Thanks

[@user-yu6sz6ls2g]

@@lifewithchioma God bless you ma'am

[@delightie]

Wow! That seems to be a lot. What's the minimum wage in Sydney?

[@lifewithchioma]

Yes, but minus all the occasional costs and one-off yearly payments, the more realistic figure is closer to the mid $6K mark. I realise I could have done better at summarising the cost. Thanks for watching.

[@makpae007]

You must have a decent income in order to spend $8500 per month. What do you for living? Rent is expensive in Sydney. Can you really save money there? If so, it ain't easy or your husband is an M.D. thanks for showing us the reality of life in Australia. It's a hustle just like in North America where I live.

[@rbee2062]

At the end of the video she said she said they're a family of 4 which means it's only her & her 3 girls. She's single. I also want to know how much she gets paid

[@dcaved]

​@@rbee2062Three girls, herself included.

[@dcaved]

The answers to your questions, even though I deem them irrelevant, may be found in her previous videos. Or better still, spare some minutes and watch the previous video on the same topic. I can only thank God for her and her family for his blessings and for growth.

[@lilianmaina4248]

​@@rbee2062Listen again, she said she has two daughters, so plus herself and her husband that makes a family of four

[@lifewithchioma]

The more realistic figure is about $1700 less if you remove all the non-ongoing and one-off costs as I mentioned. I admit, I could have summarised it a little better. Thanks for watching

[@rositas4491]

So is studying in Australia not free?

[@felixnewman2473]

Only public schools are free. Not private religious schools. For university, you can get a loan from the government, that is indexed to inflation.

[@acefully4703]

This woman know book sha ona supu oyibo well

[@kinzoogbugo1891]

Yea, she be like university teacher.

[@lifewithchioma]

This made me laugh 🤣

[@acefully4703]

@@lifewithchioma😂😂😂 you too sabi. I’m Working frantically to enter that Australia

[@ifeomanwosu2299]

Chioma dear, i need to speak to you, please. I dont mind sending an email.

[@AzeezatShowtv12]

my kids' wardrobe expenses are more than twice a year o😂

[@lifewithchioma]

My sister, it is never ending truly. I'm just trying to be a bit more disciplined.

[@israelrangarirai9543]

Thanks love but you have put a lots of things lol

[@viktorsamuel4025]

What? Let me jejely remain in my region of South Australia abeg. I no come Australia come look Opera house biko. Living even in Queensland which I was before is less expensive.

[@lifewithchioma]

🤣🤣Your comment cracked me up, but maybe read my pinned comment. I did a poor job summarising this video and I realise it could be misleading. Thanks for watching

[@alewaceci3140]

Are you seamstresses?

[@dammietees]

Only RICH RICH people live in Sydney because only this $3k rent will take all my salary 🤣

[@lifewithchioma]

We are suffering and rubbing powder🤣

[@yipmabaruya1148]

Good afternoon from PAPUA NEW GUINEA.

[@lifewithchioma]

Hello!