Six Melbourne restaurants close as cost pressures squeeze hospitality sector

At least six Melbourne restaurants are closing before June 30 amid rising interest rates and cost-of-living pressures squeezing consumer spending. Closures include Brunswick's Noisy Ritual, which operated nearly a decade, and Antara in the CBD. Owners cite mounting bills, reduced foot traffic, and declining customer spending as the primary factors driving shutdowns across the hospitality sector.

Summary by Glance · Brisbane Times