How rising prices are forcing Aussies in exclusive suburbs to tighten their designer purse strings All Aussies are cutting back as the cost of living bites Residents in Sydney's eastern suburbs said they were also feeling the crunch READ MORE: Furious Aussie woman says what many are thinking about the cost of living crisis By Makayla Muscat For Daily Mail Australia Published: 10:33, 4 August 2024 | Updated: 10:35, 4 August 2024 e-mail View comments Cash-strapped Aussies are cutting back as the cost-of-living bites - and even those living in wealthy areas are making sacrifices too. One example is Jessica from Double Bay who is making sacrifices despite living in Sydney 's richest suburb which has an average income of $354,000 a year. 'I've cut back on a little bit of travel,' she said.
'And I'd rather just go to friends' houses and leave going to nice restaurants for special occasions like birthdays.' But Aussies in the western suburb of Parramatta, where the average income is $65,000 are making very different sacrifices - with one even admitting they have stopped buying tomatoes. Small business owner Joyce Hammerton is retirement age, but she is still running her honey stall in Parramatta's Centenary Square.
She said it's 'difficult' when interest rates go up, explaining that she sacrifices luxuries to make ends meet. 'My hair colour, I haven't done it this month. I will do that when I can but I'll do it myself,' she said.
Jessica is from Double Bay and is making cut backs de.