PwC's report, Cities of Opportunities, ranked 30 cities on a wide range of factors, with Sydney coming in first for liveability and demographics, as well as tying with Stockholm for sustainability.
"Sydney ties second with Toronto, just behind Stockholm, in health, safety and security," PwC Managing Partner in Sydney Joseph Carrozzi said.
"This is the sixth annual report in the series and the first time Sydney reaches the top 10 as a city of opportunity, with an overall ranking of ninth in 2014."
Some of Sydney's shining achievements included coming in second for quality of living and lack of traffic congestion, third for relocation attractiveness and fourth and seventh for ease of commute and cultural vibrancy, respectively.
"This report highlights Sydney's climb up the ladder in the performance of our transport and quality of infrastructure, however we are still rating lower than other cities. The clear evidence is Sydney should stay the course on investment in transportation and transportation infrastructure," Mr Carrozzi continued.