Explosive growth in home prices over recent years has created a tidal wave of wealth in major parts of Australia.

In a recent survey, Time Out magazine asked more than 18,500 city-dwellers to rank their cities among the best in the world.

This measure is often more insightful than income, as it reveals your financial stability and whether you’re poor, middle class or rich. Be Aware: I’m a Retired Boomer: 3 Things I Wish I Had ...