Research has determined that Perth is the second most expensive city in Australia. The only city that has a higher cost of living is Sydney. However, the studies have also shown that Perth residents have the best standard of living in the country.
The study examined cost of living pressures that households were facing. Researchers examined the cost of alcohol, food, education, relocation and housing. Perth residents earn higher incomes than the rest of Australia. As a result, they have the highest standard of living. Experts chalk this up to the mining boom in Western Australia.
This news is beneficial for Perth retailers. Other news reports have stated that Australians were spending less money due to a high cost of living. As Perth residents are earning more than other states, they are more willing to dine out, pay for entertainment and spend money shopping.
Businesses can take advantage of this information by advertising their products and services. The easiest way to do this is to use printing services to make up Flyers and Brochures. These Flyers can be passed around or posted to residents in Perth suburbs like Wangara. As mining workers have extremely high incomes, retailers could try to target their demographic. For example, a restaurant could offer discounts to miners on a certain day of the week. Many businesses have found that strategies like this have brought more customers into their establishment. Deals and discounts can be included in Flyers and other promotional material.
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