While Australia’s cost of living crisis appears to be easing, rising ownership costs continue to be a hot issue in racing. New analysis reveals how much more thoroughbred owners are forking out in 2025.

 Owners have been bearing the brunt of rising costs. (Photo by Pat Scala/Racing Photos via Getty Images)

Independent analysis has revealed that thoroughbred owners with Australia’s leading stables in the two major racing states have endured significant cost rises in every single area over the past two years.

Thoroughbred accounting and business advisory firm Stable Financial has undertaken an analysis of all aspects of owner fees across 47 stables in NSW and Victoria. Among its headline figures is that the average daily training fees for top trainers have risen by nearly 8 per cent in both states since 2023.

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