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A $ 1 coin in Australia is worth less in Sydney than in any other city, with an average purchasing power of 99.1 cents

Do you get value for money? The cities where a dollar is worth $ 1.04 – and if you live in Sydney and Melbourne, it is LESS than $ 1

  • Sydney is Australia's most expensive city with a $ 1 purchase for just 99.1 cents
  • Melbourne is the second most expensive city with a purchasing power of 99.5 cents
  • Tropical Darwin is the cheapest capital of Australia, with $ 1 worth $ 1.04
  • Brisbane is on average when it comes to buying power from a simple coin
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A $ 1 coin in Australia is worth less in Sydney and Melbourne than in the other major cities.

An analysis of official inflation data for the March quarter showed that $ 1 may go further in some cities than others.

Brisbane was the only city where a larger gold coin had average purchasing power, the Australian Bureau of Statistics showed.

Darwin was the cheapest capital of Australia, closely followed by Perth.

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A $ 1 coin in Australia is worth less in Sydney than in any other city, with an average purchasing power of 99.1 cents

A $ 1 coin in Australia is worth less in Sydney than in any other city, with an average purchasing power of 99.1 cents

In Melbourne, a $ 1 coin is worth 99.5 cents (photo is Federation Square in the center of the city)

In Melbourne, a $ 1 coin is worth 99.5 cents (photo is Federation Square in the center of the city)

In Melbourne, a $ 1 coin is worth 99.5 cents (photo is Federation Square in the center of the city)

A $ 1 coin was actually worth more than $ 1 in six of the nation's eight capitals.

In those cities, the cost of housing and essential food and services are less expensive than in the two largest cities in Australia.

Cost of living were more pronounced in Sydney, where $ 1 was worth 99.1 cents compared to the average purchasing power of the major cities of Australia.

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In Melbourne, a $ 1 coin was worth 99.5 cents.

Although Brisbane on average performed reasonably well, $ 1 in Adelaide, Hobart and Canberra was worth $ 1.01.

The dollar went furthest in Darwin, where it was worth $ 1.04, followed by Perth at $ 1.03.

The dollar went furthest in Darwin, where it was worth $ 1.04 (pictured at the Mindil Beach markets at sunset)

The dollar went furthest in Darwin, where it was worth $ 1.04 (pictured at the Mindil Beach markets at sunset)

The dollar went furthest in Darwin, where it was worth $ 1.04 (pictured at the Mindil Beach markets at sunset)

Perth (pictured in the Swan River) was the second cheapest city in Australia with $ 1 by buying $ 1.03
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Perth (pictured in the Swan River) was the second cheapest city in Australia with $ 1 by buying $ 1.03

Perth (pictured in the Swan River) was the second cheapest city in Australia with $ 1 by buying $ 1.03

In Australia, more expensive vegetables were the largest cost increase, with prices for fresh produce rising 9.1 percent in the March quarter in Sydney, compared to a 7.5 percent increase in Melbourne.

Insurer Budget Direct Direct found Sydney residents paid considerably more for potatoes, with a 1 kg bag it usually cost $ 3.25 compared to $ 2.80 in Melbourne.

HOW MUCH IS $ 1 REALLY WORTH?

A $ 1 coin is worth more in some cities than others

A $ 1 coin is worth more in some cities than others

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A $ 1 coin is worth more in some cities than others

Sydney: 99.1 cents

Melbourne: 99.5 cents

Brisbane: $ 1

Adelaide: $ 1.01

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Hobart: $ 1.01

Canberra: $ 1.01

Perth: $ 1.03

Darwin: $ 1.04

Source: standard deviations from the Australian Statistics Office's inflation data for the March quarter

A romantic date with a budget was also more expensive in Sydney, with a meal for two costing $ 36 compared to $ 32 in Melbourne.

The monthly rent for a city apartment is also popular in Sydney, costing $ 2,681 compared to $ 1,817 in Melbourne, $ 1772 in mid-priced Brisbane and $ 1,437 in Darwin, Australia's cheapest city.

The costs for education in high school are another important cost item in Sydney. Prices rose 5.6 percent during the March quarter, data from the Australian Bureau of Statistics showed.

Australia's cheapest city, Darwin, turned out to be the biggest beneficiary of falling gas prices, which fell by 14.3 percent in the March quarter.

The Australian Bureau of Statistics publishes index numbers for each capital every three months.

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The average index of the capital index was 114.1 points, with only Brisbane equaling this measure.

Sydney, with an index value of 115.1 points, weeks off the average by 0.88 percent.

On the other side of the spectrum, the Darwin index score was 110 percent points, 3.5 percent below the average.

The national consumer price index remained stable in the March quarter and grew by 1.3 percent during the year, well below the target of the Reserve Bank of Australia of two to three percent.

Brisbane was the only city where a larger gold coin had average purchasing power, the Australian Bureau of Statistics showed (pictured is the northern pylon of the Story Bridge)

Brisbane was the only city where a larger gold coin had average purchasing power, the Australian Bureau of Statistics showed (pictured is the northern pylon of the Story Bridge)

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Brisbane was the only city where a larger gold coin had average purchasing power, the Australian Bureau of Statistics showed (pictured is the northern pylon of the Story Bridge)

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