This sunburnt country of ours is an amazing place but, as we all know, it’s not a cheap place to live.
If Australia wasn’t expensive enough already, in 2011 we’ll be hit with additional expenses – adding up to around $100 more per week. Not even the strong Australian dollar will help in driving down our living expenses.
New data shows Australians are being levelled with record expenses for basic services and Sydney residents are some of the hardest hit in the country.
After floods that have wiped out crops in Queensland and NSW, fruit and vegetable prices are predicted to rise by up to 50 per cent. And any hope the strong Australian dollar would shield motorists from increases in fuel prices have been dashed – global oil prices are tipped to hit record highs.
And, of course, once again, the economy of scale comes into play.
Read more at the Sydney Morning Herald: Weekly living costs up $100.