Stamp prices set to rise 10% after watchdog waves through AusPost request

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🖃The price of stamps is set to rise by 10 per cent.

This was due to the postal service predicting letter volumes would continue to decline, with chief executive Christine Holgate forecasting in the company's annual report in August that its letters business could post a loss of as much as $360 million next financial year.Australia Post says its annual letter deliveries have declined by more than 800 million since 2016 but also noted that its now delivering to more than 700,000 additional homes.

Australia Post CEO Christine Holgate had warned regional post offices could close it stamp prices weren't increased.The competition watchdog said the price increase was warranted because Australia Post was exceeding its efficiency targets, though it noted the government-owned company was less efficient than its international peers.

 

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australiapost They can put the stamps up to $100 for all I care, I never send cards or letters anymore, why ? Cause it's too expensive. Email, text and Facebook is my choice of communication.

Delivery time is delayed and no-one is posting letters. So we’ll raise prices. Yeah right. That’ll work 😳

What about stagnant wages to pay for them. Ruled by money hungry incompetent wankers. 10% God help us.

Will not save australia post.

In 2020 to send an email will cost 20cents. This is to combat the spam crises in corporate Sydney.

Who can afford postal prices? They are unreliable never on time. I say no to increases.

what are stamps ?

The reason for the drop off in numbers of letters posted is because they take so damn long to deliver them. It is ridiculous how slow the service is. liftyourgame

Its like they want us to completely stop posting letters.

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