Australians are set to brace for the end of financial year with more price hikes.
Petrol prices are hitting a four-year high and consumers are forced to buy their own shopping bags as the cost of living continues to increase for Australians come July 1.
PETROL
Australians will continue to face financial burden when purchasing filling up their cars.
A Fuel Check analysis showed that the average price of petrol across Australia is $1.48 a litre.
This is 5.1 cents more a litre than Australians were paying three months ago.
PLASTIC BAG BAN
Woolworths launched their plastic bag ban over the past week, forcing customers to purchase reusable bags for 15 cents and foldable bags for 89 cents.
Woolworths introduced their plastic ban bag earlier this week as Australians begin to get used to the changes
Due to complaints from customers, Woolworths announced that they would provide free reusable bags for the next ten days to allow customers to get used to the change
PUBLIC TRANSPORT FARES
Opal fares in Sydney are set to increase by 2.2 per cent meaning commuters in New South Wales will have to pay 39 cents extra per week.
Melbourne commuters this year copped a 4.7 per cent rise in public fares, while Brisbane residents were hit with a 1.5 per cent increase.
RENT
Australians are already being hit by exorbitant rental prices and it’s not likely to change anytime soon.
Domain shared the rental price changes per capital city with a 1.9 per cent increase in Sydney and 2.5 per cent increase in Melbourne.
Households are considered to be in housing stress if they spend 30 per cent or more of their income on rent, according to the Rental Affordability Index
Other rental price changes include: Brisbane +1.4 per cent, Canberra +4.7 per cent, Perth +1.4 per cent, Hobart +2.9 per cent, Adelaide +1.7 per cent.
Darwin is the only to show at decline at -1.2 per cent.
ONLINE SHOPPING
An online shopping tax will be introduced when Australians purchase clothing, electronics and furniture from overseas retailers.
Purchases under $1,000 – which were previously exempt – will incur a 10 per cent GST.
WAGES
Australia’s 2.3 million minimum wage earners will receive an additional $24.30 a week in the wage increase introduced by the Fair Work Commission .