The Cost of Living Crisis

THE COST OF LIVING CRISIS - LATEST NEWS, BREAKING STORIES AND COMMENT

Freshwater Strategy Poll: Stunning blow for Anthony Albanese as new poll marks major milestone for Coalition

21/07/24 17:32

The poll shows the Labor government has lost ground in the two-party preferred vote with Peter Dutton 's Coalition in front for the first time since the 2022 election....read

Randwick Greens councillor Rafaela Pandolfini slams council's Christmas budget

21/07/24 10:23

The Greens councillor from Sydney's east has called for $300,000 to be cut from the Christmas events budget.

Aussie couples are now delaying buying a house until they know what Aussie interest rates will do

19/07/24 23:46

New evidence shows Aussies are delaying buying a home until they can be certain about one thing.

I'm a 30-year-old Aussie living in a sharehouse with six people. This is VERY extreme sacrifice I'm willing to make to my body to buy a house

19/07/24 03:53

Jack Braddy, a 30-year-old millennial actor living in a Melbourne share house, says the idea of a young person selling their kidney to afford a home mortgage deposit doesn't seem so ridiculous.

The insane new trend sweeping across Aussie workplaces to cope with the cost-of-living crisis - and it will make bosses furious

18/07/24 07:43

Younger Australians are now more likely to be working 80-hour weeks to cope with the cost-of-living crisis - potentially causing a major issue for employers.

The sad reason why Ranger Red's Zoo and Conservation Park at Pinjarra, Western Australia went bust as larrikin owner Bradley R. Holland battles to 'rise from the ashes'

18/07/24 03:08

A private Australian zoo which once made headlines when three Tasmanian Devils escaped has gone into liquidation.

Why Perth's 'pathetic and sad' Morley Galleria shopping centre is almost deserted

18/07/24 03:03

The Morley Galleria, in Perth's north-east, is devoid of businesses and customers after a planned $350million upgrade failed to materialise.

Diner is left stunned by 'pathetic' detail on their order after forking out insane amount for classic pub dish

17/07/24 07:30

A Melbourne diner has been left stunned by a 'pathetic' detail in her order after she forked out $31 for a classic pub dish.

Simple question exposes sad reality in Australia: 'I'm a bit scared honestly'

17/07/24 07:15

A simple question has exposed the sad reality for thousands of residents living in Australia.

Why this photo at a Woolworths checkout has Aussies fuming: 'Getting out of hand'

17/07/24 03:35

A photo of a two-litre bottle of milk, chicken thigh fillets and a single tomato at the checkout at a Melbourne Woolworths has left Aussies outraged.

Sydney capsule hotel 'pod' advertised as 'long-term living solution' at $300 a week reveals ridiculous state of rentals in Australia

17/07/24 01:13

Listed for $300 per week, the pod-like space in Haymarket is described as a 'unique accommodation solution' for renters searching for a 'cost-effective long-term living' option.

ANZ's dark warning over Anthony Albanese's $300 cost-of-living electricity rebates

16/07/24 02:43

The ANZ bank has issued a fresh warning about electricity rebates, with one state offering $1,000 towards paying that dreaded power bill in addition to the last federal Budget's $300 rebate.

I've worked hard all my life... which is why I've joined boomers and made a decision about my kids' inheritance that will upset young Aussies

15/07/24 07:32

A Western Australian mother has made a controversial decision about her children's inheritance - admitting it will not sit well with many from the younger generation.

Off-duty cop is praised for unbelievably cool response after shopper was caught doing the unthinkable at Woolworths

15/07/24 03:22

An off-duty cop has won the praise of residents after his unbelievably composed response to a tense situation at a Woolworths was captured on camera.

Retirement Australia: Figures expose how much you need

14/07/24 21:59

A baby boomer fears he will have to work until he dies because he doesn't have enough saved up for superannuation.

Woolworths is slammed as 'controlling' after sign appears at supermarkets

14/07/24 04:04

Woolworths has been accused of being 'controlling' after signs were issued at several supermarkets.

Mother facing homelessness is stunned by extraordinary response after applying for public housing

14/07/24 02:17

The lease on the property is about to end and the home has sustained extensive water damage.

Melbourne: The shocking statistic revealing how Australia has its housing priorities all wrong

13/07/24 01:35

Prosper report says that based on water usage data, 5.2 per cent of Melbourne homes are vacant as Australia's housing crisis deepens.

Chaos as major Aussie retailer Booktopia closes down and tells customers orders won't be filled and there are no refunds

12/07/24 06:13

Booktopia, which had been Australia's largest bookseller, is in chaos, with customers told their outstanding orders won't be filled and they won't get a refund.

Ranks of Aussie millionaires tipped by UBS Global Wealth Report to swell by hundreds of thousands in next five years - here are the reasons why

12/07/24 03:04

Most Australians may now be feeling the pinch of the cost-of-living crisis but Swiss bank UBS predicts Australia will have 400,000 more millionaires by 2028. Here's why.

Major retailer Booktopia sacks another 165 workers leaving only a skeleton staff as it stops taking new orders

10/07/24 03:56

A major Australian online retailer that thrived during the Covid-19 lockdowns has sacked another 165 staff and stopped taking any new orders after it went into voluntary administration last week.

Aussie state topping the list of 'distress sellings' revealed, with 20,000 families forced to ditch their homes during cost of living crisis

10/07/24 02:49

One Australian state is far ahead of all the others when it comes to people forced to sell their homes in what are known as 'distress sales', amid mounting cost of living pressures.

OECD figures prove Australian workers really are worse off than the rest of the world

10/07/24 02:12

The cost of living crisis in Australia is worse than most other rich-world nations, with new OECD figures showing that Aussie workers are particularly disadvantaged.

Cult Adelaide bakery Abbots and Kinney to close amid rising costs

10/07/24 01:34

The Managing Director spoke out about why he's been forced to close the popular store.

Melbourne's Mimolette Café in Windsor offers 10 per cent discount to customers who pay with cash

09/07/24 04:26

Owner Richy Marchandise is giving his customers a 10 per cent discount at Mimolette Café in Windsor, Melbourne in defiance of Australia's cashless trend.

McDonald's customer stunned over missing detail in her Uber Eats order: 'This is what I was sent'

09/07/24 02:13

A Sydney woman was left stunned after her McDonald's order was delivered to her door - with one key thing missing.

Woolworths to sell Australian flags for Paris Olympics after Australia Day boycott

08/07/24 05:05

Woolworths will sell Australian flags for the Paris Olympics after the supermarket boycotted them for Australia Day.

Outrage as Service NSW prepares to slash more than 100 jobs

07/07/24 08:05

The government services agency will cut their workforce by 60 per cent across several divisions.

Angler closes: Popular Adelaide restaurant is forced to shut as owner reveals reason for shock closure

07/07/24 07:08

A popular seafood restaurant in Adelaide has been forced to close with its owner revealing the reason for the shock decision.

American exposes the four huge problems with the housing market in Australia: 'It looks like paradise, but there's a dark side'

06/07/24 10:41

In a video shared last month Why Living In Australia Is Impossible , the 2 and 20 team examine the key causes of Australia's housing affordability crisis.

Why you should NEVER file your tax return before July 14

04/07/24 12:46

Tax expert Hripsime Demirdjian, who is the founder of Australian accounting firm Hive Wise, warned people not to lodge their tax returns immediately after July 1.

Furious Aussie woman says what many are thinking about the cost of living crisis - and shares alarming inflation theory

03/07/24 23:01

An Australian woman is not happy about the rising cost of living - and has finally said what many are thinking.

Millions of Aussies to be slugged with higher internet bills - what it means for you

02/07/24 05:54

NBN Co raised its wholesale pricing for residential plans from July 1, with the major telcos due to pass on the increases to Aussie households.

Why Aussies have turned on Anthony Albanese over this four word phrase

30/06/24 11:56

The Prime Minister visited Sweet Magic, an Indian sweet factory in Melbourne 's west on Sunday to endorse the stage three tax cuts that will come into effect on Monday.

Adelaide Mexican restaurant Tequila n Tacos at Port Noarlunga publicly shames two diners who allegedly ate tacos and downed tequilas before walking out on $200 bill

29/06/24 07:15

Tequila n Tacos at Port Noarlunga in the Adelaide's south-east posted CCTV of the two men it says feasted on food and alcohol before they skipped out without paying their sizeable bill.

Prime Minister Anthony Albanese grilled on Sunrise about his pay rise to over $600,000 kicking in on Monday

29/06/24 01:19

The Prime Minister's salary will tick over $600,000 on Monday, reaching a new height for our elected leader's pay packet.

'Creepy' Melbourne CBD rental listing slammed for offering shared bed in luxury apartment at $240-a-week

28/06/24 05:25

A 'creepy' property listing asking female tenants to share a bed with a male housemate while paying $240 a week in rent has been slammed by Aussies.

Hope for homeless Aussies as extra $9.3billion committed to new builds in national housing agreement

26/06/24 06:22

Aussies needing a home given hope by $9.3billion in extra funding to boost the new national housing agreement starting on July 1.

It's a cost-of-living crisis so what does Albo do? Lines up a whopping $214k pay rise for the new Governor General... because the mansions and travel perks just aren't enough

24/06/24 06:19

What is the Albanese government's possible logic for giving such a huge pay rise to a ceremonial position like the GG's?

Ex-Masterchef star Jamie Fleming's Alba Bar and Deli suddenly closes just days after winning a major award in latest grim sign for Australia's hospitality industry

22/06/24 04:34

A bar and deli run by ex-Masterchef star Jamie Fleming is suddenly shutting its doors just days after winning a major award in the latest grim sign for Australia's hospitality industry.

Westpac delivers a major blow to Aussies with a mortgage in latest forecast: Here's what you need to know

21/06/24 07:01

Westpac senior economist Pat Bustamante has warned record-high immigration would delay interest rate cuts as government spending climbed to manage population growth.

The Project host Waleed Aly erupts over Albanese government's plans to tackle soaring prices at the supermarket

20/06/24 16:33

The Project star erupted while his fellow panelists were discussing the latest Choice report into supermarket prices during the cost of living crisis.

Mark Bouris slams outrageous real estate rules preventing young Australians from making their first step into the property market

20/06/24 00:06

Two infuriating rules are preventing young Aussie from gaining a foothold on the property ladder, according to finance guru Mark Bouris.

Major Aussie retailer that boomed during Covid halts share trading ahead of expected grim news about its future

19/06/24 03:18

A huge Australian online retailer has halted share trading before an announcement that is expected to bring stark news about the future of the company.

'Homeless' West Australian MP Wilson Tucker actually owns a $830,000 four-bedroom house in Perth suburb

18/06/24 03:58

A politician who complained about having to live in his car since being evicted from a rental property has been revealed to own a four-bedroom home worth $831,000.

Peter went public about his homeless situation in a desperate plea for help. His council responded, but not in the caring way you would think

16/06/24 07:28

Peter Woodforde, 58, is among four men living in the gazebo at the back of the Salvation Army office on Reservoir Road in Modbury, Adelaide 's north-east.

Politician Wilson Tucker earns $167,000 a year but after he was evicted from his rental he faces a 'nomadic' life living in hotels and his car

15/06/24 06:19

A Western Australian politician who earns a salary of $167,000 has found himself homeless in a sign that Australia's housing and cost of living crisis is out of control.

Centrelink: Uni student Ashleigh broke both her legs and couldn't work - but an outdated Youth Allowance rule meant she was denied a vital payment to make ends meet

15/06/24 01:50

A uni student who broke both her legs and couldn't work was denied a vital youth allowance to make ends meet due to a technicality.

Aussie nuclear expert Rob Parker 'cancelled' after single tweet: 'I'm an engineer but I wanted to cry'

14/06/24 05:32

A nuclear scientist who claims he was axed from presenting to hundreds of guests after a critical tweet from a renewables advocate highlights the fraught debate around Australia's energy future.

What you need to know about the big changes coming to Australia on July 1 - and how they will impact your wallet

14/06/24 04:46

From tax cuts, a $300 energy rebate, a pay rise for low income workers, cost of living relief, to a hike on passport fees, there are a lot of changes that kick in with the start of the new financial year.

International Housing Affordability Report: Sydney, Melbourne and Adelaide declared among the least affordable cities to buy a home

13/06/24 16:36

The annual Demographia International Housing Report has ranked Sydney as the second least affordable city to buy a home in the world. Melbourne and Adelaide also ranked high

Peter Dutton took $23k private jet from Canberra to Tamworth to speak about cost of living crisis

13/06/24 12:25

The Federal Opposition Leader racked up a $23,000 bill when he flew from Canberra to Tamworth in last August to attend the Bush Summit and address the cost of living crisis

H&R Block is offering people an instant $1,000 'advance' on their tax return this year - but consumer groups have issued a stern warning about the practice

13/06/24 06:31

H&R Block said it's willing to give clients a partial 'advance on their refund' without having to wait for the Australian Taxation Office to process the return.

Merri-bek City Council's radical proposal in Melbourne to double rates for property investors but cut them in half for owner-occupiers

13/06/24 05:07

A inner-city council in a hipster part of Melbourne has voted to investigate charging far higher rates to landlords than to those who own and live in a unit or house.

Brisbane mum Kylie Hill and her family started receiving massive power bills in the thousands - and despite making big lifestyle changes, no one can figure out why

13/06/24 01:47

The Hill family in Queensland is mystified as to why their electricity bills suddenly became astronomical when they weren't doing anything different than before.

Top Aussie lawyer reveals the one thing you should do if your marriage is falling apart

12/06/24 08:35

Top family lawyer Michael Tiyce, Principal at Tiyce and Lawyers, has shared his tips for what to do when your marriage falls apart.

Sunshine Coast, Queensland: 'Disheartening' find by locals in riverside campsite a sign of larger, more disturbing problem in Australia

11/06/24 07:28

Last week the Ocean Crusaders organisation removed 820kg of rubbish from an abandoned homeless camp along Petrie Creek on Queensland 's Sunshine Coast.

Aussie mum says she needed to 'desperately' cut corners earning $140k a year - but others reckon she's doing something 'terribly wrong'

11/06/24 02:18

In what she described as a 'controversial opinion', TiKTokker Lou @thatmoneymum posted her advice on the changes she made to her life to make her budget go further.

I salvage old junk and make THOUSANDS flipping furniture - here's how I do it

10/06/24 03:43

Molly Harris is turning tired, discarded trash into another person's treasure, and paying her rent along the way.

Brisbane hipster restaurant Nota to close its doors after five years - as hospitality industry is crunched by cost-of-living crisis

07/06/24 04:31

The modern European restaurant and wine bar NOTA at Paddington in Brisbane's inner west will close permanently on August 3.

RBA boss Michelle Bullock reveals what will spark another rate hike - as she makes a heartbreaking admission

05/06/24 03:27

The Reserve Bank's governor says letters from struggling borrowers make for tough reading, but push the central bank to achieve its goals to help Australians.

Supermarket boss John-Paul Drake outs shoplifters for brazen birthday gift ruse as he claims: 'If you've got tattoos and Foxtel, you can afford food'

04/06/24 05:20

John-Paul Drake, director of Drakes Supermarkets uploaded a video to social media yesterday that showed a man and a woman allegedly stealing packs of meat from stores in Adelaide last month.

Inflation rises in Australia again - prompting fears of another hike for mortgage holders

29/05/24 02:47

Inflation has come in above expectations and lifted 3.6 per cent in the 12 months to April. The monthly consumer price index rose a touch from 3.5 per cent...

The five American states residents will never move away from and the five they can't wait to leave

28/05/24 17:30

Although state-to-state migration has trended downwards over the past decade, 8.2million people moved in 2022. Most cited affordability and remote work as driving factors in their relocation decisions.

Labour INCREASES its poll lead over the Tories to 23 points in the wake of Rishi Sunak's decision to hold July 4 election as PM insists Conservative candidates are 'working their socks off' amid stuttering start to campaign

28/05/24 17:00

Sir Keir Starmer's party is ahead by 23 points in the first two major surveys of the campaign, as Mr Sunak faced questions over the effort being put in to the campaign by some senior Tories.

The election mountain Rishi must climb on July 4: Shock poll shows Keir Starmer is more trusted to handle Channel boats, taxes and the economy - with Nigel Farage's Reform seen as the only party genuinely committed to lower immigration

28/05/24 15:33

Brits have stronger faith in Keir Starmer 's party to deal with legal immigration by 27 per cent to just 20 per cent, according to research for MailOnline.

Jacinta Price's brutal message to Anthony Albanese as she exposes the three things she thinks he has got wrong: 'This is nation destroying stuff'

28/05/24 07:31

Jacinta Nampijinpa Price has issued a brutal message exposing the things she believes Prime Minister Anthony Albanese has failed to achieve while running the country.

Mystery over Albo's missing red carpet love-in with Qantas boss Alan Joyce as new details of PM's diary are revealed

27/05/24 07:29

Mr Albanese's 2023 diary was quietly released to former independent senator Rex Patrick under Freedom of Information laws.

The big BBC switch-off as TV licences fall by staggering 50,000 in Scotland

25/05/24 22:03

Thousands more Scots turned their backs on the BBC last year as the number of TV licence fee payers fell to the lowest in more than a decade.

Thousands of demonstrators gather in Mallorca to protest against 'excessive tourism' which has inflated property prices, driven up the cost of living and created traffic chaos

25/05/24 18:00

People from all walks of life gathered in the capital Palma to call for limits on the number of visitors which they accuse of ruining the lives of locals by inflating property prices and causing traffic jams.

The cost of drinking crisis: How to tell if you're being shortchanged on your pint or glass of wine as drinkers slam big booze 'rip off' after study found two-thirds of orders are underpoured

24/05/24 17:21

Punters are reportedly being ripped off to the tune of £114 a year because beer glasses aren't filled to the top, a survey by watchdogs has found.

Smashing! Sales of instant mash potato soar with Tesco selling one million more packs in 2023 alone as shoppers look to save time and money during cost of living crisis

24/05/24 13:26

With rising food costs and more workers returning to the office, Tesco said its shoppers bought one million more packs of fresh ready-made mash in 2023 than in 2022.

Gas and electricity bills are set to be slashed by more than £100 as the Conservatives pledge to curb green levies - and minister promises to cut eco-taxes on families

23/05/24 22:40

Rishi Sunak will receive a boost today with an announcement that gas and electricity bills will be slashed by an average of more than £100 just days before the July 4 poll.

Confused on how to vote at the general election? Here is where the main parties stand on key issues - including immigration, trans ideology, the NHS, tax and education

23/05/24 14:18

Although the UK's main parties are yet to unveil their manifestos ahead of polling day, they have been election planning for months and already outlined key policies.

Labour and the Tories gear up for a brutal fight over taxes and the economy, Rwanda and migrants, union powers and the war in Gaza as Rishi Sunak announces the general election will be on July 4

22/05/24 19:54

A rain-sodden Rishi Sunak announced the date of the vote as July 4 in a surprise address from Downing Street this afternoon.

Immigration, living costs and the NHS are the key issues Rishi and Keir need to convince us on, say voters - but despite being split on which party to back they're all united on one thing... Britain is ready to go to the polls

22/05/24 18:24

Brits have revealed the key issues they are voting over on July 4, after prime minister Rishi Sunak called a surprise election this afternoon, following months of speculation.

Britain's rental boom: How shoppers are turning to hiring high-end bikes, flash cars and designer dresses to enjoy a luxury lifestyle at a fraction of the cost

22/05/24 11:36

Britain's rental market is booming, as experts say rented and second-hand items are now seen as a 'badge of honour'. The latest to join the ranks of the renters is Peloton.

PETER VAN ONSELEN: Why Jim Chalmers' $300 energy rebate is WAY worse than you think

22/05/24 04:21

Treasurer Jim Chalmers has been copping it from all sides for his $300 energy rebate, as he should.

Grim warning from real estate guru Tom Panos on Mark Bouris' podcast that you need to be an OnlyFans star or have rich parents to be able to buy a home in Sydney

22/05/24 01:19

Sydney property has now become so expensive that a real estate expert warns there are only two ways for young people to buy a home - have rich parents or be an OnlyFans star.

Anthony Albanese answers the election question on everyone's mind - as his insane spending on advertising emerges

21/05/24 23:32

Anthony Albanese has dismissed speculation he will call an early election as his government is accused of going on a 'multimillion spending spree' on advertising.

Follow DailyMail
Subscribe Daily Mail
Follow @dailymail
Follow DailyMail
Follow MailOnline
Follow Daily Mail

THE COST OF LIVING CRISIS - LATEST NEWS, BREAKING STORIES AND COMMENT

DON'T MISS