Both Sydney and Melbourne now have the dubious honour of being two of the top 10 most expensive cities in which to live, according to the Worldwide Cost of Living 2011 survey, conducted by The Economist magazine’s Economist Intelligence Unit (EIU).
BY MICHAEL YARDNEY
And while some media outlets are having a field day with the negative implications such as the rising cost of living, more families struggling financially, households increasingly experiencing mortgage stress and so on, others are criticizing the magazine suggesting the EIU is an oxymoron and should be renamed. Read more →