Know The Average Cost Of Living In Brisbane
Aug 23, 2023
The capital of Queensland is the third-largest city in Australia. It has become the key hotspot among property investors, home buyers and expats- all thanks to new-age infrastructure facilities, unlimited housing options, schools, and the best healthcare facilities.
Brisbane has a population of around 2.5 million, and the numbers keep increasing with each passing year. It offers a
safe and sound living environment, economically-driven culture and affordability.
The average cost of living in Brisbane is cheaper than Sydney and Melbourne.
So, it is a good decision to move to this vibrant city, but you should do proper real estate market research and make the right decision.
If you are planning a house move, we will help you know everything about the cost of living, such as housing prices, food, education, transportation, healthcare, groceries and much more.
Let’s Get Started!
What is the Average Cost of Living in Brisbane, QLD?
The capital of Sunshine State is the perfect city to live, study and raise a family. You can access all amenities, entertainment hubs, cultural events, etc, while enjoying a great lifestyle.
Make sure you do proper research before booking
expert Removalists in Brisbane.
According to the latest research,
- The estimated monthly costs of a family of four are around $6,446.8 without rent.
- A single person’s average monthly cost is approx $1,823.6 without rent.
However, you can’t neglect key factors that can affect the cost of living, especially your standard of living, location, and other luxury amenities.
Key Factors that Contribute to Brisbane’s Cost of Living
1. Housing Prices/Accommodation
The primary advantage of buying a home in Brisbane is that the city offers affordable housing options as compared to other metropolitan cities.
As of June 2023, the average house price in the capital of Queensland is $ 773,509, which is more affordable than Sydney ($ 1,539,017) and Melbourne ($1,027,996).
This means you can think of owning a new house after navigating the real estate market. According to some studies, the most expensive suburb in the city is Ascot, with a median house price of $1,675,000, and the cheapest is Inala, with an average house price of AUD 395,000.
That’s one of the main reasons families are moving to this beautiful place for a quality and thriving lifestyle.
2. Lower Rental Rates
The average rent in Brisbane for 3-bedroom, 2-bathroom use is around 604 per week. However, the rental rates depend on the suburb you choose you live in and, of course, the size of the premises.
Suburbs closer to the Central Business District tend to have slightly higher rent, while the outer suburbs are affordable.
So, it will be a good decision to
rent a house in Brisbane and save money.
3. Food & Groceries
According to some experts, eating outside in Brisbane is quite expensive, with an average meal costing approximately $18 to $30 daily.
Meals at fine dining restaurants can cost you around $40, excluding drinks. If you add snacks, coffee and other beverages, the weekly cost of food would be around $220. This is for an individual planning to
manage a solo move for their higher education or a new job.
When it comes to groceries, an individual tends to spend an average of around $300 to $550 per month, depending on their specific requirements.
4. Transportation Expenses
This also depends on the location of your new home in the city. Luckily, the capital of Queensland has the most seamless public transport system that includes ferries, trains and buses.
The average cost of public transport ticket in the city is approx $140, but it largely depends on how far or often you travel.
5. Utility Services
The median cost for
basic utilities, such as electricity, gas, water and garbage, is approximately $160 to $175 monthly.
Apart from this, make sure you add the cost of internet services, which may be around $50 to $150 monthly, as per your chosen plan.
Make sure you transfer the utilities after finalizing your new abode. If you want to reduce your moving load, book best removalists Brisbane and save time and energy.
6. Expenses on Healthcare Facilities
Do you have any medical insurance? If yes, then you may pay a basic premium amount every month if it is covered by Medicare in Australia. You can also opt for private health insurance for complete coverage. This can also range from $60 to $100 as per your coverage plan.
7. Entertainment
Brisbane is one of the most vibrant and culturally driven cities in Australia. People move to this beautiful city to live a quality life that boasts of fun, entertainment and leisure amenities.
So, the monthly cost that a person spends on entertainment, such as movie tickets, parks, food, etc is around $150- which is not that expensive.
If you are happy with this decision, book the most experienced Removalists Brisbane and keep your valuable possessions intact throughout the process.
Additional Tips to Save Money When Living in Brisbane
Here are some quick tips that will help you live in this beautiful capital city within your estimated budget:
- Live in an outer suburb where homes are affordable. You can also look for the best suburbs in the city if you are new this place and make a final decision.
- Opt for a rental property to reduce your accommodation cost. If you are a student, you can also live in a hostel.
- Use public transportation, such as buses and ferries, to travel around the city. You can also choose to live close to your workplace to save unnecessary transportation costs.
- Make the most of low-cost or free activities, such as exploring nature, check out the local museums and visiting the library if you are low on budget.
- Set your monthly budget and spend smartly to avoid unnecessary expenses.
Wrapping Up
Hopefully! This guide has helped you understand the average cost of living in Brisbane. From day-to-day expenses to transportation costs, everything is included in this post to help you make a well-informed decision. With this, you can plan a house move depending on your estimated budget and live a high quality of life in the capital city of Queensland.