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Showing posts with the label Cost of Living Crisis

The most soaring used car prices - A frustrated Aussie says it made him throw the car away

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More and more Aussies are selling their cars to help ease cost of living pressures, with prices for some used models booming. Since the start of the pandemic, used car prices have risen by a phenomenal 79 percent, and if you own an Audi RS7, Mercedes G, or Toyota Hilux, you could be sitting on a gold mine. The 2021 Hilux has increased in value an incredible 136 percent from $29,000 in June 2021 to $68,500 in June 2022. With Australian inflation now at 6.1 per cent – the highest in two decades – some find the key to financial stability could be in their garage. According to 2021 census data, 55.1 per cent of Australian households own two or more vehicles, and some of them are now abandoning their second car, while others are completely car-free. One of those who decided to sell his one-of-a-kind vehicle was Milli Ogden, who besides facing rising prices was also saving up for his wedding. Milli Ogden (pictured) is selling her car to help cope with rising living costs and saving for

Inflation rates Australia versus China, New Zealand, UK, US, Germany, Spain, Brazil, Turkey, Lebanon

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Australia may be facing record inflation, but that is nothing compared to some countries as New Zealand is mired in a miserable cost of living – while China looks smug. Prices soared as the country faced the perfect Covid storm and soaring fuel and electricity bills while flood-stricken farmland saw food prices skyrocket. The battle against inflation is being fought globally – and even though Australia is suffering, the 5.1 percent inflation rate here is still among the best in the world. Australia may be facing record inflation, but it pales in comparison to some countries as New Zealand is mired in cost of living woes – while China looks smug China has so far emerged almost unscathed while most other countries are suffering from the Covid stimulus package that has overheated the global economy. In New Zealand, inflation is currently at 6.9 percent and has brought some families to the brink of starvation as they struggle to cope with rising prices. Kiwis actually pay 25 percent