As The Australian reported yesterday the cost of living in Australia is rapidly rising amongst world standards. While Canberra is usualy ommited from these stories, the full list can be found here showing that Canberra is now the 15th most expensive city in the world to live.
I don’t understand why the cost of living here just keeps rising, look at the ACT Government fees increasing over the last few months.
As johnboy reported yesterday CTP is rising 8%. From 1 July passes to Tidbinbilla went from $20 – $30 for an annual pass. Sorry in my ecconomics 101 class, when you have an increase in demand and it’s effectively an infinite product price should drop not increase. Increasing price should actually decrease visitation.
What new taxes, levies and fees will the government introuduce next?