But for how long? A population boom fuelled by mass migration is likely to send Melbourne falling down the list of liveable cities.
Here is the kind of thing we get to read now in our newspapers:
Bulldoze the 'burbs
Melbourne must destroy the bulk of its leafy eastern suburbs in order to thrive, a leading planning expert says.
Target suburbs include Brighton, Camberwell, Balwyn, Ormond and Preston.
Mr Black says spacious suburban blocks should be levelled and the homes replaced with three to six storey apartment buildings.
This is not a call to demolish slum housing to improve the urban environment. It's the reverse: Jason Black, state president of the Planning Institute of Australia, is calling here for the demolition of the very best suburbs to make way for crowded, high-rise urban living.
It brings to mind a poem I wrote some years ago in which a Melbourne boy of the future tries to make the best of things in his bed time prayer:
As I lay me down I pray
in thanks to those who took away
our house at No 22
its seven rooms and backyard too.
For now I live at 20/39
up here the weather's always fine
for grey clouds pass us far below
and if they rise then we get snow!
And yes I miss my dog it's true
and Dad pines for his BBQ
and Mum preferred the flowers and trees
the singing birds, the humming bees
But who were we to block the way
of progress, for politicians say
that it is best, it must be so
to live like those in Tokyo
Now I must go, it must be late
for next door at 20/38
the telly's off, it is so still
I hear the eagles at the window sill
But I give thanks I live so high
to wave as QANTAS passes by.