User talk:Shafiq saighani

Cost of living in Melbourne The cost of living is a significant aspect of daily life for individuals and families in Melbourne. I want to do research this topic to know real daily issues that directly impact people’s finance and quality of life. Melbourne, Australia is known for its cultural and artistic city and it has reputation for being one of the most expensive cities in the world. I believe the escalating costs in Melbourne are very high and detrimental to the quality of life. The cost of living in Melbourne can vary depending on many factors like government policies and taxes, housing and food. Here are some examples: Government regulations and taxes can influence the cost of living, particularly in areas such as, healthcare, transportation expenses and utilities. Here are some examples of high cost living: a monthly mobile phone plan costs $41.82 and internet costs $81.25 are very high. The government could provide offer some subsidies to support the people. The parking hourly rate costs $5-$10 is very high. Public transport one-way ticket is $4.60 and monthly fare costs $162 are very high. The government could provide discounted public transportation fares. Some examples of healthcare costs: General practitioner visit fee is $40-$70 per consultation and specialist’s fee $100-$250 per consultation are terrible high costs. The government could offer a free healthcare system. In addition, income taxes in Australia, including Melbourne, are progressive, it means that the rate of tax increases as income rises. Here are some examples, taxable income from $18,201 to $45,000 is 19% tax rate and taxable income from $45,001 to $120,000 is 32, 50 tax rate is terrible high. So, with a $75,000 annual income in Melbourne, you would pay approximately $25,165 in income tax. This is a very high percentage. The government could decrease the tax rates and create a supportive environment for tax payers.

Moreover, Melbourne, Australia’s second largest city, has experienced significant growth in house prices over the years. Melbourne’s popularity as a place to live can push up housing prices, for an example, expect to pay around $400-600 per week for a one-bedroom apartment in the city centre is very high. The median house price in Melbourne is approximately $918,000 is terrible. The government could implement a system of rent control measures.

Furthermore, food prices significantly impact the cost of living in Melbourne, as they are a fundamental of household expenses. Here are some examples: inexpensive restaurant meal for one person is $25. Mcdonald’s combo meal is $15. A small bottle of water costs $3.50. It becomes evident that food prices are very high and has a significant impact on cost of living in Melbourne. The government could establish food banks. In conclusion, Melbourne is an expensive city in the world. Melbourne offers a high quality of life but the city cost of living can be challenging especially for those who have a tight budget. However, with carefully planning, research and lifestyle adjustments can manage the expenses and enjoy all that Melbourne has to offer.