Cost of living soaring rapidly.
Mar 30th 2005, 10:17 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Apr 2004
Posts: 10,375
Cost of living soaring rapidly.
Surely I cant be the only one whos noticed this!!
In about the past three months alone.
Rates warned they will rise another 8%
Petrol has gone up about 20c a litre, not good when you drive over 1000 klms a week between you.
Food, this one knocks me over! bread was 99c for the cheapo bland loaf that went up 35 cents in coles 49 cents in woolies. Milk up again about 10c a litre, stuff like yogurt is treated as luxury food
$2,49 for two little individual cartons, as a family we could eat 30 a week! easily in lunchboxes alone. Apples quite often $6.00 a kilo if you want anything edible, salad ingredients very expensive here, anyway you get the idea we are now over $1000 a month on food for 2 adults and 2 kids. I still think a country with only 2 major food chains owning the supermarkets despite giving them different names 
is wrong.
Medical insurance, up $20.00 this month, now $2200 a year and that is DOUBLE what it was when we arrived here 5 years ago, and the benefits you get have been cut again.
Airfares, what happened there? taxes for an overseas trip were about a $100, now its around $300 a trip each.
Thankfully we dont have a mortage, if we did the interest rates went up last month, making australia the third highest rates in the world and are expected to go up again in the next month or two.
Doesnt anyone else notice all this
In about the past three months alone.
Rates warned they will rise another 8%
Petrol has gone up about 20c a litre, not good when you drive over 1000 klms a week between you.
Food, this one knocks me over! bread was 99c for the cheapo bland loaf that went up 35 cents in coles 49 cents in woolies. Milk up again about 10c a litre, stuff like yogurt is treated as luxury food
$2,49 for two little individual cartons, as a family we could eat 30 a week! easily in lunchboxes alone. Apples quite often $6.00 a kilo if you want anything edible, salad ingredients very expensive here, anyway you get the idea we are now over $1000 a month on food for 2 adults and 2 kids. I still think a country with only 2 major food chains owning the supermarkets despite giving them different names is wrong. Medical insurance, up $20.00 this month, now $2200 a year and that is DOUBLE what it was when we arrived here 5 years ago, and the benefits you get have been cut again.
Airfares, what happened there? taxes for an overseas trip were about a $100, now its around $300 a trip each.
Thankfully we dont have a mortage, if we did the interest rates went up last month, making australia the third highest rates in the world and are expected to go up again in the next month or two.
Doesnt anyone else notice all this
Mar 30th 2005, 10:24 pm
#2
Guest
Posts: n/a
Re: Cost of living soaring rapidly.
Out of interest, what are the interest rates on mortgages in Oz?
Blossom
Blossom
Mar 30th 2005, 10:42 pm
#3
Banned
Joined: Nov 2004
Location: Brisvegas
Posts: 144
Re: Cost of living soaring rapidly.
Originally Posted by blossom
Out of interest, what are the interest rates on mortgages in Oz?
Blossom
Blossom
Mar 30th 2005, 10:43 pm
#4
Banned
Joined: Mar 2003
Posts: 4,432
Re: Cost of living soaring rapidly.
Consumer Price Index: All Groups, Brisbane and Australia, September qtr 1998 to September qtr 2004
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
Mar 30th 2005, 10:48 pm
#5
NO 8 THE LEGEND
Joined: Mar 2005
Location: Dyslexia Rules KO
Posts: 1,368
Re: Cost of living soaring rapidly.
Originally Posted by Megalania
Consumer Price Index: All Groups, Brisbane and Australia, September qtr 1998 to September qtr 2004
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
have i wandered into an episode of the open university?
Mar 30th 2005, 10:53 pm
#6
Banned
Joined: Mar 2003
Posts: 4,432
Re: Cost of living soaring rapidly.
Originally Posted by Lerop Pekill
have i wandered into an episode of the open university?
Mar 30th 2005, 11:13 pm
#7
Guest
Posts: n/a
Re: Cost of living soaring rapidly.
Originally Posted by Megalania
Consumer Price Index: All Groups, Brisbane and Australia, September qtr 1998 to September qtr 2004
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
CPI:
1999 Q4 124.1
2004 Q4 148.0
Debasement of the currency:
~ 20% over 5 years.
FutureValue = PresentValue . Rate ^ Time
Rate = 10 ^ (log(FutureValue / PresentValue) / Time)
Rate = 10 ^ (log(148.0 / 124.1) / 5)
Rate = 1.0359 = 3.4% compound.
Mar 30th 2005, 11:19 pm
#8
Guest
Posts: n/a
Re: Cost of living soaring rapidly.
Originally Posted by blossom
Out of interest, what are the interest rates on mortgages in Oz?
Blossom
Blossom
http://www.infochoice.com.au/banking...ratechange.asp
But... rates can be flexible. eg: St George are quoting 7.32% but you can get 6.82%, and that is NOT a honeymoon rate.
Mar 31st 2005, 6:07 am
#9
Lost in BE Cyberspace
Thread Starter
Joined: Apr 2004
Posts: 10,375
Re: Cost of living soaring rapidly.
Originally Posted by jad n rich
Surely I cant be the only one whos noticed this!!
In about the past three months alone.
Rates warned they will rise another 8%
Petrol has gone up about 20c a litre, not good when you drive over 1000 klms a week between you.
Food, this one knocks me over! bread was 99c for the cheapo bland loaf that went up 35 cents in coles 49 cents in woolies. Milk up again about 10c a litre, stuff like yogurt is treated as luxury food $2,49 for two little individual cartons, as a family we could eat 30 a week! easily in lunchboxes alone. Apples quite often $6.00 a kilo if you want anything edible, salad ingredients very expensive here, anyway you get the idea we are now over $1000 a month on food for 2 adults and 2 kids. I still think a country with only 2 major food chains owning the supermarkets despite giving them different names is wrong.
Medical insurance, up $20.00 this month, now $2200 a year and that is DOUBLE what it was when we arrived here 5 years ago, and the benefits you get have been cut again.
Airfares, what happened there? taxes for an overseas trip were about a $100, now its around $300 a trip each.
Thankfully we dont have a mortage, if we did the interest rates went up last month, making australia the third highest rates in the world and are expected to go up again in the next month or two.
Doesnt anyone else notice all this
In about the past three months alone.
Rates warned they will rise another 8%
Petrol has gone up about 20c a litre, not good when you drive over 1000 klms a week between you.
Food, this one knocks me over! bread was 99c for the cheapo bland loaf that went up 35 cents in coles 49 cents in woolies. Milk up again about 10c a litre, stuff like yogurt is treated as luxury food
$2,49 for two little individual cartons, as a family we could eat 30 a week! easily in lunchboxes alone. Apples quite often $6.00 a kilo if you want anything edible, salad ingredients very expensive here, anyway you get the idea we are now over $1000 a month on food for 2 adults and 2 kids. I still think a country with only 2 major food chains owning the supermarkets despite giving them different names is wrong. Medical insurance, up $20.00 this month, now $2200 a year and that is DOUBLE what it was when we arrived here 5 years ago, and the benefits you get have been cut again.
Airfares, what happened there? taxes for an overseas trip were about a $100, now its around $300 a trip each.
Thankfully we dont have a mortage, if we did the interest rates went up last month, making australia the third highest rates in the world and are expected to go up again in the next month or two.
Doesnt anyone else notice all this
well obviously nobody else noticed it this thread was on page 4 must be the sun cost of living really doesnt matter.
Mar 31st 2005, 6:17 am
#10
Lost in BE Cyberspace
Joined: May 2004
Location: Birkdale QLD
Posts: 7,642
Re: Cost of living soaring rapidly.
Originally Posted by jad n rich
well obviously nobody else noticed it this thread was on page 4 must be the sun cost of living really doesnt matter.Or the price of beer and wine has remained fairly constant
, so we are too drunk to notice the restCheers,
JTL
Mar 31st 2005, 6:24 am
#11
Banned
Joined: Mar 2003
Posts: 4,432
Re: Cost of living soaring rapidly.
Originally Posted by jad n rich
well obviously nobody else noticed it this thread was on page 4 must be the sun cost of living really doesnt matter.Need interest rates to double to put some spine in the currency, make people scrabble harder for buck$ and less ready to part with 'em.
Mar 31st 2005, 6:33 am
#12
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Joined: Apr 2004
Posts: 10,375
Re: Cost of living soaring rapidly.
Originally Posted by JackTheLad
Or the price of beer and wine has remained fairly constant , so we are too drunk to notice the rest
Cheers,
JTL
, so we are too drunk to notice the restCheers,
JTL
They left us some, rich used it to successfully remove oil from the driveway.
Mar 31st 2005, 6:45 am
#13
Forum Regular
Joined: Jul 2003
Location: Sunshine Coast
Posts: 247
Re: Cost of living soaring rapidly.
Taking the high house prices into account and the low wages because employers use the excuse they do not have to pay city rates of pay, I read somewhere that comparitively the sunshine coast was becoming one of the most expensive places to live in Australia
Mar 31st 2005, 6:48 am
#14
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Thread Starter
Joined: Apr 2004
Posts: 10,375
Re: Cost of living soaring rapidly.
Originally Posted by Megalania
Goat help - mow the lawn, free yoghurt?
Mar 31st 2005, 6:54 am
#15
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Joined: Apr 2004
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Re: Cost of living soaring rapidly.
Originally Posted by jwinch
Taking the high house prices into account and the low wages because employers use the excuse they do not have to pay city rates of pay, I read somewhere that comparitively the sunshine coast was becoming one of the most expensive places to live in Australia