The Reserve Bank has now hiked rates 13 times in 18 months, which means a family with a typical mortgage is paying $1400 more each month.

This is putting real pressure on household budgets. Families are responding as best they can. Some are cutting back on discretionary spending, some are dipping into savings, and some are finding ways to earn more income by working extra shifts, taking on casual work, or earning a side income through the gig economy.