The Real Cost of Living in Victoria

Cost of living pressures

RACV Members have expressed persistent concerns about the cost of living pressures they face, which is understandable given energy prices have risen significantly over the past decade.

New research commissioned by RACV has confirmed what many Victorians already know too well - Australians are struggling to keep up with the ever-increasing cost of living pressures.

In the following videos, RACV’s Bess Nolan-Cook unpacks the survey results and breaks down what these figures really mean for Victorians.

Increasing prices

Victoria's energy prices have emerged from a period of being among the cheapest in the nation, to now being one of the highest and accounting for a bigger portion of a household’s budget than ever before.

Two thirds of Australians surveyed said that they’ve struggled to pay their energy bills and 80 percent of households admitted to slashing their spending to cover energy costs with electricity becoming the biggest bill.

With not much relief in sight, Victorians need the government to present practical solutions, transparency and a voice to help change the system.

It’s more important now than ever before for the Government to address these very real concerns and find solutions to the growing issues around energy consumption and power bills.

If you’re concerned about your energy bills, you can use RACV’s energy comparison tool to ensure you’re getting the best energy prices.

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Authorised by Bryce Prosser, RACV General Manager Public Policy and Corporate Affairs, 485 Bourke Street, Melbourne, Victoria, 3000