Finance with Evan Lucas. Good morning, are you going mate?

Finance with Evan Lucas. Good morning, are you going mate?

Have you got no idea on how much people spend on the household budget a week?

Have you got no idea on how much people spend on the household budget a week?

How are you? Good morning, gentlemen. I do. I'm glad you're sort of We're getting through this.

How are you? Good morning, gentlemen. I do. I'm glad you're sort of We're getting through this.

So this is to the end of twenty twenty four, So December thirty one is the latest piece of data. We'll probably get the first quarter of this piece of data today.

So this is to the end of twenty twenty four, So December thirty one is the latest piece of data. We'll probably get the first quarter of this piece of data today.

But you're talking about that three hundred bucks. I agree with you.

But you're talking about that three hundred bucks. I agree with you.

I find it very hard to see how a family of eight could realisticly do that.

I find it very hard to see how a family of eight could realisticly do that.

That is a really tough thing.

That is a really tough thing.

So if you look at Western Australia, the average grocery bilk per week is one hundred and seventy two dollars to the end of twenty twenty four, picked only by Queensland, which is one hundred and seventy nine. For a household size of four, the average weekly grocery bill is two hundred and sixteen dollars. So if you want to do back of the envelope mass and times that by two, you're busting through your three hundred bucks alone to feed that family of eight. So that that's the latest data and no one only that it's interesting the average weekly built per supermarket woollies one sixteen, so one sixty six, Audi one sixty five, Coles one sixty nine, and an IgA one eighty seven.

So if you look at Western Australia, the average grocery bilk per week is one hundred and seventy two dollars to the end of twenty twenty four, picked only by Queensland, which is one hundred and seventy nine. For a household size of four, the average weekly grocery bill is two hundred and sixteen dollars. So if you want to do back of the envelope mass and times that by two, you're busting through your three hundred bucks alone to feed that family of eight. So that that's the latest data and no one only that it's interesting the average weekly built per supermarket woollies one sixteen, so one sixty six, Audi one sixty five, Coles one sixty nine, and an IgA one eighty seven.

Right, it just keeps going up, though, I think that's the scary part.

Right, it just keeps going up, though, I think that's the scary part.

So the jump from twenty twenty three to twenty twenty four, if you look at it for the average autraled household of three, that was about eight hundred and thirty two dollars a month. That's nine hundred and eighty four dollars per year. That's a six hundred and seventy six dollars increase the year on year.

So the jump from twenty twenty three to twenty twenty four, if you look at it for the average autraled household of three, that was about eight hundred and thirty two dollars a month. That's nine hundred and eighty four dollars per year. That's a six hundred and seventy six dollars increase the year on year.

I mean that's that is a month.

I mean that's that is a month.

And a half of basically grocery bills from twenty twenty three to twenty twenty four of increases in cost. That that's, you know, another part of the court of the equation that's staggering.

And a half of basically grocery bills from twenty twenty three to twenty twenty four of increases in cost. That that's, you know, another part of the court of the equation that's staggering.

So Rob says, I went to the shops last night and bought just a few items sixty seven dollars and what I bought was basically nothing. And I was the first time I said, wow, things are getting expensive. So I feel really sorry for the people who are struggling We're to Cally yesterday who'd been to Melbourne and said that the cost of living over there really surprised them, based on just twelve months ago since they visited there. Evidence suggests that Melbourne in particular is paying a lot more.

So Rob says, I went to the shops last night and bought just a few items sixty seven dollars and what I bought was basically nothing. And I was the first time I said, wow, things are getting expensive. So I feel really sorry for the people who are struggling We're to Cally yesterday who'd been to Melbourne and said that the cost of living over there really surprised them, based on just twelve months ago since they visited there. Evidence suggests that Melbourne in particular is paying a lot more.

No, actually Melbourne's paying the least, which is the most fascinating thing about it. So the average weekly grocer bille in Victoria is one hundred and fifty seven compared to as I said, one hundred in Western Australia. So the COVID probably is probably the answer to that, is.

No, actually Melbourne's paying the least, which is the most fascinating thing about it. So the average weekly grocer bille in Victoria is one hundred and fifty seven compared to as I said, one hundred in Western Australia. So the COVID probably is probably the answer to that, is.

Right, Virgin Australia is going to list on the ax again. What's happening with Virgin mate? And what price will it go on at?

Right, Virgin Australia is going to list on the ax again. What's happening with Virgin mate? And what price will it go on at?

Yeah?

Yeah?

Yeah, So it's been off again, off again, on again, on again, off again, off again, on again, on again. But finally Bain Capital, who bought Virgin out when they went bankrupt in twenty twenty because of the pandemic, are going to list and raise six hundred and eighty five million dollars and it looks like being at a price of about two dollars ninety a share, which is about seven times earnings forecast.

Yeah, So it's been off again, off again, on again, on again, off again, off again, on again, on again. But finally Bain Capital, who bought Virgin out when they went bankrupt in twenty twenty because of the pandemic, are going to list and raise six hundred and eighty five million dollars and it looks like being at a price of about two dollars ninety a share, which is about seven times earnings forecast.

So I would argue my old analyst hat.

So I would argue my old analyst hat.

That's a reasonably premium price in terms of what Virgin's on offer. It will be about a thirty percent discount though to its major competitor and Quantists, because Quantus at the moment has a huge share price. We'll be launching all this come tomorrow. But it is finally the chapter everybody's been waiting for about when Virgin would come back onto the AX and Bang Capital leaves stage left, and we are now finally here are we going up or down in our markets today? Pointing up again today their car, which would mean if we're up the twenty three points they're talking about, that would take us to just over the eighty five thousand, eighty five hundred point mark, which means we are now within forty seven points of the record all time higher.

That's a reasonably premium price in terms of what Virgin's on offer. It will be about a thirty percent discount though to its major competitor and Quantists, because Quantus at the moment has a huge share price. We'll be launching all this come tomorrow. But it is finally the chapter everybody's been waiting for about when Virgin would come back onto the AX and Bang Capital leaves stage left, and we are now finally here are we going up or down in our markets today? Pointing up again today their car, which would mean if we're up the twenty three points they're talking about, that would take us to just over the eighty five thousand, eighty five hundred point mark, which means we are now within forty seven points of the record all time higher.

Wow, that's amazing. Get on your air. We'll do it again tomorrow. Evon Lucas. There are economic futurists

Wow, that's amazing. Get on your air. We'll do it again tomorrow. Evon Lucas. There are economic futurists