Second Australian music festival cancelled amid cost-of-living crisis

The Vintage Vibes Festival has cancelled its weekend-long event just two weeks before it was due to occur, becoming the second Australian festival to fall to cost-of-living pressures this year.

The hosts announced yesterday that the January 27 to 28 event scheduled at Tomich Wines in Adelaide Hills had been postponed to later this year.

Vintage Vibes said the "hard decision" was made after the current economic pressures created an environment in which the festival could not proceed.

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"Increased pressure on supply chains, especially to venues outside the CBD, alongside shifts in economic climates reflect the broader challenges many are facing within the industry," it said.

"It has become clear that moving forward with the event in two weeks would not meet the high standards of experiences we promise our attendees, artists, and partners."

Vintage Vibes said refunds would be available but encouraged fans to hold onto their tickets, which would be rolled over at the future event.

"We extend our heartfelt thanks to everyone who has supported Vintage Vibes Festival – from our patrons and artists to our dedicated staff and the local community and we are already planning and excited for what will come," it said.

International and local artists like Rudimental, Groove Armada, Milky Chance and Cub Sport are some of the big names in the festival's highly anticipated line-up.

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Only a few days ago, the Coastal Jam Festival in Victoria's Mornington Peninsula was also forced to announce it would cancel its event due to the cost of living sting.

Founder Adam Metwally said the decision was not made lightly in an emotional video statement posted to the festival's Instagram.

"Everyone that I know has been feeling the sting of the cost of living crisis and one of the consequences of this has been the much slower than usual and very much last minute sales for boutique events like Coastal Jam," he said in the video.

"They only have enough money for a few things now, naturally leading to the major festivals, massive international tours being the priority, which I fully understand.

"Unfortunately, it's led to smaller boutique festivals and events such as ours to fall by the wayside."

Ticketholders were given three options moving forward, with one being a full refund.