![]() "The rental increases on top of everything else have been really, really hard," Mr Sadler said. When Mike Sadler lost his job in IT and struggled to get back into the workforce, the family thought there would be better work opportunities in the southern NSW city, and that their money would go further.īut rent has gone up three times in three years and it has eaten away at the family's financial plans. The ABC first visited the family two years ago, five years after they'd moved from Sydney to Wagga Wagga. Rising prices have been severely battering the McKay-Sadler family's already-stretched household budget. The Reserve Bank last week surprised banks and borrowers by lifting interest rates again, reigniting concern the cash rate will further inflate prices and rents. ![]() But it's still at 7 per cent and prices are still growing faster than wages. Last year, inflation hit a 32-year high of 7.8 per cent, largely driven by big price rises for food, fuel and construction.Īfter 10 rate rises, inflation eased slightly in the first quarter of this year. ![]() "It's exhausting because you realise this is not a temporary thing." 'I can see us not getting through'
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