Stand by things get more expensive as Queensland cost of living to rise with new financial year begins
The start of the new financial year will see many Queenslanders' household budgets under further pressure, with the cost of essentials such as vehicle registration and power prices due to rise.
From Friday, everyone in Queensland who owns a car will pay 3.5 per cent more for registration and licence renewal, with tolls also to increase.
RACQ spokeswoman Renee Smith said motorists in Queensland would be "slugged quite hard".
"We're seeing registration costs and driver licence fees going up at twice the rate of inflation, which is unacceptable," he said.
The 3.5 per cent increase will apply to all State Government fees, including fines and speeding tickets.
Queensland Consumers Association (QCA) spokesman Ian Jarratt said some prices were increasing really rapidly.
"There's a lot of pressure on people's standard of living at the moment because wages and salaries are not going up and prices are still creeping up," he said.
People urged to shop around for power providers
Power prices will rise from July 1, and Mr Jarrett said the QCA was urging people to shop around to avoid a nasty surprise next power bill, particularly in the south-east, where retailers will be able to set their own prices in a deregulated market.
"We really don't know what the retailers are going to be charging for electricity from July 1, but it it's definitely going to be higher," he said.
Queenslanders will pay as much as $108 more per year for power as full deregulation kicks in today.
Power retailers in southeast Queensland will now be able to set their own prices for standing offer contracts, a shift from previous protocol which saw the Queensland Competition Authority set the standard rate.
Statistics provided by online consumer research and rating service CANSTAR reveal that Click Energy customers will be hit hardest with an increase of 5.53 per cent per quarter or $108 per year, followed by Energy Australia (4.62 per cent, $96) and Origin (3.4 per cent, $68).
AGL is the only company which does not plan to slug consumers with an increased tariff.
Queensland Consumers Association spokesman Ian Jarratt said that about 30 per cent of southeast Queensland consumers use standing offer contracts and urged high consumption users in particular to shop around for the best deals.
“This will result in significant differences between retailers in the daily charge and usage charge components of these bills,” Mr Jarratt said.
But those starting out to get their first home will have an incentive to buy a new home from July 1, with the first homeowner's grant rising to $20,000.
Treasurer Curtis Pitt said the increased grant would be available for those wanting to buy a newly constructed home, apartment or townhouse valued at less than $750,000.
"The building industry is a key contributor to economic growth and stimulating economic activity will create new jobs directly and indirectly," Mr Pitt said.