PRICE RISE: The basic cost of stamps will rise to 70 cents tomorrow, with concessional stamps available to eligible people who apply for a MyPost Concession Account.
PRICE RISE: The basic cost of stamps will rise to 70 cents tomorrow, with concessional stamps available to eligible people who apply for a MyPost Concession Account. Thinkstock

A 10-cent price rise on stamps tomorrow

TODAY is the last day most Southern Downs residents will pay 60 cents for stamps, with a 10-cent price rise coming into effect tomorrow.

Australia Post will raise the price of their domestic stamps from 60 to 70 cents tomorrow for most Australians, with concession card holders able to register for a MyPost Concession Account to keep paying the old rate.

Australia Post managing director and CEO Ahmed Fahour pointed to a $218 million loss in the mail business last year as the reason behind the price rise.

"It is vital that Australia Post ensures we provide an affordable and accessible letters service for all Australians," he said

"We remain mindful of the impact to the cost of living of an increase to the stamp price, particularly for those groups who are more dependent on our traditional services."

The last rise in stamp prices was in 2010.

MyPost Concession

  •   For anyone who holds a Federal Government concession card.
  •  Registration forms available from post offices or at auspost.com.au/mypost.
  •  MyPost Concession Card entitlements include five free concession stamps and a maximum of 50 concession-priced stamps per year.
  •  Concession card holders must have a MyPost Concession Account to be eligible for 60 cent stamps.


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