New tenancy agreements will be more expensive
Ongoing tenancy agreements are restricted under law regarding often they can increase and by how much
National cash interest rates at 7.25%, the highest since December 1994
Victorian house prices remaining the same or increasing (depending on location)
A tough time to enter the property market
Domestic consumer services roles may decrease e.g. hospitality, retails
Exportable skills may be under greater demand e.g. niche manufacturing, financial services
Unions and employees campaign for pay increases to meet increased cost of living
Australian $0.90 (and over) = American $1.00
Great time to go overseas!
Petrol prices continue to rise, $1.50 to $3.00 a liter in the next 12 months
Basic goods will increase as transport and other costs increase
