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Report finds renters ‘operating in a landlord’s market’
Australians are paying record-high rents across all the capital cities as low vacancy rates mean tenants are facing “a landlord’s market”. Source: ABC News.
Reserve Bank warns food prices likely to continue climbing
Food prices are likely to continue climbing as the fallout from the war against Iran ripples from farms through to the nation’s grocery distribution system, the Reserve Bank’s chief economist has warned. Source: Sydney Morning Herald.
Cost-of-living pressures top nation’s concerns in major survey
Australians are anxious about money and losing faith that things will get better, according to a major new survey of more than 15,000 Australians. Source: SBS News.
Report highlights food insecurity crisis across Australia
Food emergency charity providers are calling the ongoing cost-of-living crisis the “cost-of-surviving crisis”, as more and more Australians are not only skipping meals, but eating from bins to cope with severe financial distress. Source: SBS News.
Rental crisis hitting people on median incomes
The rental divide is deepening for residents across the country, as a new study reveals that the median rent is unaffordable for households at the median income. Source: News.com.au.
As more Australians reach crisis point, Vinnies launches winter appeal
More than half of all Australians are cutting back on food, medicine and other essentials just to keep a roof over their head, according to new research released by St Vincent de Paul Society NSW.
Survey finds most Australians back increase in JobSeeker payments
Most Australians agree income support payments are not enough to live on, as cost-of-living pressures continue to hit Australians, a new survey has found. Source: News.com.au.
IMF warns Chalmers against budget spending spree
Treasurer Jim Chalmers is being warned not to use the budget to deliver cost-of-living handouts to address inflation fuelled by the war in Iran, with the International Monetary Fund fearful the world could be pushed into a recession if hostilities do not end soon. Source: The Age.
Minister hints at more cost-of-living relief in budget
Households could receive additional cost-of-living relief in the federal budget because of high fuel prices, according to Infrastructure and Transport Minister Catherine King. Source: The Age.