Justin Wynn, small business owner, is weighing up the new costs increases which have come in today.
Justin Wynn, small business owner, is weighing up the new costs increases which have come in today.

Price hikes to hit city hard

TODAY will bring a huge impact to Rose City businesses as they try to work around the several price increases for the new financial year.

Warwick small businessman Justin Wynn, of Wynns Fruit and Deli, said he thought these increases would be disastrous for his and other local business.

Costs include a 4.8 per cent wage increase associated with the Federal Minimum Wage review, 13 per cent increases in workers compensation premiums, 13.3 per cent increase in electricity prices, at least 10.7 per cent in water prices along with council rates and motor registration fees.

“Electricity is going to be the hardest...when I got into business three years ago we started with three fridges and I had to turn one off and the power is still high,” Mr Wynn said.

“It will just get passed on to the consumer.”

Mr Wynn said increased cost price would be the answer for a lot of businesses to try and meet these additional cost increases.

“It is going to be very difficult – I feel a recession in the air,” he said.

The new wage increases wouldn't have a huge impact on Mr Wynn's business and he believes electricity would be the “biggest killer” for the retail industry.

“People don't have money and everything seems to be getting more expensive...The last six months has been the hardest ever for my business,” he said.

“I can't believe all these things – I knew something like this would be coming.”

Changes

  • Cats and dogs must be registered with council every year and microchipped between eight and 12 weeks from today.
  • Transport – there is a no alcohol limit to all learners, probationary and provisional licence holders irrespective of age and implement heavy vehicle speeding reforms.
  • Climate Change and Sustainability– a person applying or directly supervising the use of herbicides containing atrazine, ametryn, diuron, hexazinone or tebuthiuron must hold the specified qualifications.
  • Additional $4000 First Home Owner Grant for first home owners who purchase or build new homes in regional Queensland.
  • More cash back for pensioners’ power bills at around $216.
  • New laws to strengthen Queensland’s workers’ compensation scheme.


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