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Settling in Melbourne: Victoria's World's Most Livable City

June 10, 2026 3 min read By My Second World
Settling in Melbourne: Victoria's World's Most Livable City
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Migrating to Melbourne is a choice for many skilled workers who want to live in a city often ranked the world’s most liveable. Melbourne has a diverse job market. This article analyses the city for skilled migrants.

Migrating to Melbourne: the job market and employment

Migrating to Melbourne means joining a diverse job market centred on finance (headquarters of NAB, ANZ), healthcare (many large hospitals), education (leading universities including the University of Melbourne, Monash, RMIT), technology and manufacturing.

Skilled workers in finance, healthcare, education, IT or professional services have plenty of opportunities. Melbourne often competes with Sydney for career opportunities across many industries.

Life and cost of living in Melbourne

Melbourne has the second-highest cost of living and rent in Australia after Sydney. The city is known for its coffee culture, arts, diverse cuisine, and sporting spirit (the Australian Open tennis, AFL Grand Final).

Melbourne’s climate is dubbed “four seasons in one day” for its rapidly changing weather. The public transport system is excellent, with the world’s largest tram network, plus trains and buses. Melbourne has repeatedly topped the Economist Intelligence Unit’s Most Liveable City ranking.

The Vietnamese community and visa notes

Melbourne has Australia’s second-largest Vietnamese community after Sydney, concentrated in Richmond, Footscray, Sunshine and Springvale. The community has many Vietnamese markets, restaurants and services.

Metropolitan Melbourne is NOT a designated area for the 491 visa. Those wanting to benefit from the 15-point 491 boost in Victoria should choose regions such as Geelong, Ballarat or Bendigo. Skilled migration to Melbourne still follows the federal system via 189/190/491/482/186; you should check current requirements.

You should refer to official Home Affairs website and Home Affairs – Skilled visas to check current conditions.

Summary

Migrating to Melbourne: the world’s most liveable city, with jobs in finance (NAB, ANZ), healthcare, education (Melbourne, Monash, RMIT), technology, and manufacturing. Second-highest cost of living in Australia after Sydney. Coffee/arts/food/sports culture. Australia’s second-largest Vietnamese community (Richmond, Footscray, Sunshine, Springvale). Metropolitan Melbourne is NOT a designated area for the 491 visa. Conditions follow the federal system.

# Australian states

→ Skilled migration to Australia: overview

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