Iconic Aussie Eateries Closing As Cost Of Living Bites Aussies

Beloved eateries across the country have been forced to close their doors as increasing expenses and the cost of living crisis bite Aussies.
Joining us is Melbourne restaurateur Zeth Romanis, who had to close Gauge Bistro after 13 years.
#CostOfLiving #Inflation #Dining

[@JessicaKeith-uj1jq]

The cost of living seems to be increasing every year, making it harder to keep up.

[@ChloeCarter-kd7gz]

Indeed, it's becoming quite challenging to manage expenses.

[@ScottLarrry]

I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.

[@AshleyKeith-vw7ws]

@@ScottLarrry Impressive! How did you achieve that?

[@ScottLarrry]

@@AshleyKeith-vw7ws Our family got introduced to a financial consultant”RPC WEALTH.” about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips

[@HRMColoniallifeinsurance]

⁠ Absolutely, RPC WEALTH. has a knack for analyzing market trends and helping clients make informed decisions.

[@OliverMisha]

In Vic the state government has recently imposed an additional land tax on rental properties including commercial and retail properties. The tax has added tens of thousands to landlords who in turn pass the cost onto tenants. The biggest white elephant in the room and for some reason there is no media pressure on the government to take responsibility for destroying businesses.

[@0401412740]

While yearly government salary increases

[@whynot2030]

Well said. Spot on

[@anthonyszy7191]

Survival of the fitest

[@kevinkwok7626]

Not just restaurants, other sectors of small businesses like services, retailers and entertainments.... are feeling the pinch and tightening.

[@greghatton1787]

Nice Mortal Combat analogy.

[@deborahciardulli4057]

All by design

[@StormLord-AOS]

Good story to show that the cost of living will be hitting everyone as uncertainty of the future eats at at the confidence of the consumer.

[@dallasr8555]

If they voted Labor they get no sympathy from me.

[@adiintel1]

And the libs are better at running things 😂 Both parties are compulsive liars , highly corrupt and short term thinkers...

[@junle5162]

just cooked some instant noodle at home while watching this😂

[@bachinaramya6183]

😢

[@ratnoinamaew7822]

Nobody can afford $20 a pint.

[@joebloggs24]

Many can, but they don't drink beer 😂

[@elizabethdjokovic2691]

It's hard to understand how we got to this. That said, I've reduced my eating out. It's too expensive and I'm usually disappointed with the dishes I've ordered. Some restaurants are thriving at the moment.When there's a queue outside waiting for tables it's a very good sign that the price is right and the food is good.

[@stephenjohnson6146]

The garbage what you buy at the restaurants is a totally waste of money . When you go to restaurants overseas the food what you order is way better. And cheaper.

[@illletmyselfout.8516]

When I go to my local fish n chip shop and the order costs as much as going to a restaurant it's over

[@martat11]

Terribly SAD! ALL small businesses are suffering or forced to close. People are suffering DAILY, paying hugely inflated food prices and sky-rocketing mortgage payments. Housing and rental accommodation is in crisis situation, hundreds of people are getting homeless. Any tips from government leaders for improvement?🤔

[@user-km2ko9xk1y]

When coffelovers see even $1 jump in cost, omg😱 they start a tantrum & its a BIG drama

[@rebeccaavoca9143]

AFTER 13X MORTGAGE RATE INCREASED, N GROCERIES PRICES KEEP GOING UP, ELECTRICITY BILL KEEPS GOING UP - WHAT DO YOU EXPECT ???? WE CUT UNNECESSARY THINGS IN OUR LIFE MORE IN ORDER TO PAY OUR BILLS N PUT PUT ON THE TABLE ..

[@MeditateMeHigher]

And on top of this, chefs cant live a 2hr transit away from work, its really hard as a chef to live so far from the Resto! Yet there is nowhere in Cremorne/Nuetral Bay and surrounds! To commute w more ease into the CBD and surrounds for work! Chefs work on long hour rosters 14hrs most days! Yet cannot live close any longer! Yet the cashed up upper mid to upper class want the quality service/the amazing food from a qualified restaurant chef! Yet these same customers are the 1st to cry on review sites and are plain nasty when the service or food isnt better quality! Well Karen's staff cant even get a unit for under 500pw on the outskirts of the city n surrounds! 🙄 Chefs should be on the "Essential Workers" housing, where by chefs too can get a subsidised unit in the center too! 😢chef de parties dont make over 80k per yr! Mostly around 70k. Its too hard!

[@morganoox3838]

Housing is essential for everyone.

[@colinthompson3111]

Interesting that businesses would ask for financial assistance. Didn't businesses receive low taxes from the previous government? Wouldn't income for ordinary people be better as most people like eating in restaurants?

[@Herbert12864]

That’ll cause inflation. Unfortunately we gotta cop it a bit

[@rabidsminions2079]

Wages have not kept up with rampant inflation and the BCA wanted the minimum wage to rise by 2% making the lowest earning workers unable to afford even the basics let alone going to a cafe or restaurant. There goes your customers. Everything has been going up by 5 & 10% and wages will rise by 3.75%. If workers wages fail to keep up with inflation then you no longer have customers....

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

[@FreddyJong-co6cb]

Labour goverment's fault 😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢

[@strikeforce448]

🙄

[@georgetsipas49]

The ATO is judge, jury and executioner combined. I truly feel for these business owners. Loosing them is loosing colour, flair and vibrancy in the community. We will be left with drive thru options to pick from.

[@coldpotatoes2556]

At least the price of houses are going up 🤔

[@user-wo9xv2ce6h]

The Perfect storm in a tea cup

[@joebloggs24]

Can't wait for it - the storm has been brewing for decades!

[@kr0nic666]

LOL 1 out of 13 Hospitality business expected to close in the next year........... thats 7% ........ not bad at all

[@glenmale1748]

Nothing to do with tax. Most restaurants are run by people who love making great food but have zero idea about business. Restaurants are the riskiest of all businesses to run and have the highest bankruptcy rates of any business. The vast majority will only last 18 months. Hire a manager and stay in the kitchen is the best advice.

[@lethalshell]

Closed captions would be great

[@coopsnz1]

14% more taxes on a truck did that by labor

[@Martin_Priesthood]

60 cents from 30 dollars 😢

[@minpat1015]

the government wants inflation to slow down and unemploymnt rising is a consequence somewhere the jobs have to be lost this is why the increasing interest rates

[@ewtwetrwerwteet]

And yet glorified autocue readers are doing well, despite being completely useless.

[@chrismo2922]

Covid carnage still smashing the place. "Trust the science"

[@helium369]

Give Small business tax free and Free Utilities

[@joebloggs24]

As long as they pay back the ATO the $56 Billion that is currently outstanding - loaned to small business.

[@President_NotSure]

threw away too much food

[@IrlamOz]

Spanian has kebabs 😅