Wedding costs surge to $40,000 average

Australian couples are spending an average of nearly $40,000 on weddings, representing an 8% increase over the past 12 months—double the rate of inflation. The largest expenses include venue hire, styling, photography, entertainment and catering, with couples funding these costs through savings, family contributions and debt. Financial experts suggest this amount could alternatively earn $2,000 annually in a high-interest savings account or contribute to a home deposit.See omnystudio.com/listener for privacy information.