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Having now looked at it in more detail, the criteria Bankwest used are remarkably similar to my guesstimates above, especially in relation to owner occupiers, houses and average incomes. A major omission is availability of services - ie you could be 50km from the nearest dentist but still...

Just like liveability scores, these indexes can be skewed to get whatever answer you want. The most stark is that Sydney and Melbourne CBD is considered near the bottom yet there is still considerable demand for people to live there. Looking at some top-ranked areas (eg Manningham &...