Cost of living in Queensland set to be reduced

The latest World Cost of Living Survey showed that certain Australian cities are among the most expensive on the planet.

More people living in areas such as Sydney, Melbourne and Brisbane are struggling to make ends meet because the price of everyday items has spiralled upwards.

Whether it's the cost of Qld Energy, the cost of buying a home or even small things like public transport expenses, Queenslanders are feeling the pinch particularly badly and governors in the state have pledged to do all they can to ease the strain on people's bank accounts.

Premier Campbell Newman told the Gold Coast Bulletin that a number of measures have been drawn up and these will be put into action as soon as possible.

Cabinet members have agreed to reinstate stamp duty concessions from July 1st 2012, which officials hope will provide a much needed boost to the property market.

As well as this, Queensland residents who use a go card on public transport networks will be given free travel once they have made nine journeys in a week.

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