as a WES and BWP holder that cheers me up nicelyContinuing this theme, I went to Bunnings today and it's the first time I can recall being in a hardware store that was uncomfortably crowded.
Seemed to be people everywhere. Not helped by many looking lost and phoning home.
Mr Smurf I was forced to the Bunnings in Midland yesterday as I was short on 8'' bolts for a post and rail job. Car park was chockers the store was crowded and the shelves where i was looking were decidedly understocked. This store is massive. Staff use mob ph to find what you want. Push bikes would be a nady inclusion to just get aroundContinuing this theme, I went to Bunnings today and it's the first time I can recall being in a hardware store that was uncomfortably crowded.
Seemed to be people everywhere. Not helped by many looking lost and phoning home.
Newly sacked people looking for a projects or rushing demos before putting on sale😉Continuing this theme, I went to Bunnings today and it's the first time I can recall being in a hardware store that was uncomfortably crowded.
Seemed to be people everywhere. Not helped by many looking lost and phoning home.
Rushing renos I meant....
yes that's possible maybe less planning to go away for the Xmas holidays ( family Xmas at home , maybe )
yes the SMH has fallen a long way from when i was a paper-boy ( mid-1960s )
and I'm outraged !
disgusted and disappointed here ... i was hoping to eke out an income as a paper-seller to supplement my pension in my later years
They have probably redrawn against their new found equity in their ponzi gamble, I mean house. Lol
Interesting that Victoria was the only state to see a fall i insolvency.
www.abc.net.au
A lot of pain to be had yet.The RBA reckons the interest rate pressure in the community is still high and in their view now being felt in middle class communities. There are still hundreds of thousands of households on older low fixed interest loans that will have to refinance in 23/24
Reserve Bank to keep interest rates on hold but many more Australians to soon hit breaking point
.....New data from the RBA – released this week under a Freedom of Information request by The Australian newspaper — suggests that more Australians are using credit cards to cover the rising costs of rent, petrol, electricity, gas and insurance.
The RBA documents reveal the National Debt Helpline is receiving more calls from people who have never previously experienced financial hardship or drawn on social services.
Following a meeting with helpline representatives, an internal RBA email in July said the agency "reported a significant number of callers experiencing hardship who are accruing additional debts via credit cards, Buy Now Pay Later, borrowing from friends and family, and increasingly unpaid obligations to the ATO, their utilities providers and council rates".
But it noted that many callers were "gainfully employed" and that "examples were given of mortgagees on six-figure salaries residing in prosperous suburbs of Sydney".
"This new cohort of 'solid middle-to-upper-income' callers was on top of the more familiar cohort at the lower end of the income distribution who had more often required (or been close to requiring) the help of financial counsellors and social service," the RBA email said.
.. About 550,000 Aussies still to come off fixed rates
According to RateCity.com.au analysis of Reserve Bank and big bank data, 730,000 mortgages have already come off their ultra-low fixed rates this year, with about another 150,000 still to come off this year.
RBA data shows there were 590,000 mortgages that came off fixed rates in 2022, and there will be 880,000 in 2023 and 450,000 in 2024.
RBA warns 'solid middle-to-upper-income' people are the new borrowers in financial stress
The Reserve Bank has kept interest rates on hold, but more hikes are expected later this year as 550,000 people come off fixed mortgages. The RBA itself warns that could put more people in financial stress, writes Nassim Khadem.
the standard inflation playbook ...The RBA reckons the interest rate pressure in the community is still high and in their view now being felt in middle class communities. There are still hundreds of thousands of households on older low fixed interest loans that will have to refinance in 23/24
Reserve Bank to keep interest rates on hold but many more Australians to soon hit breaking point
.....New data from the RBA – released this week under a Freedom of Information request by The Australian newspaper — suggests that more Australians are using credit cards to cover the rising costs of rent, petrol, electricity, gas and insurance.
The RBA documents reveal the National Debt Helpline is receiving more calls from people who have never previously experienced financial hardship or drawn on social services.
Following a meeting with helpline representatives, an internal RBA email in July said the agency "reported a significant number of callers experiencing hardship who are accruing additional debts via credit cards, Buy Now Pay Later, borrowing from friends and family, and increasingly unpaid obligations to the ATO, their utilities providers and council rates".
But it noted that many callers were "gainfully employed" and that "examples were given of mortgagees on six-figure salaries residing in prosperous suburbs of Sydney".
"This new cohort of 'solid middle-to-upper-income' callers was on top of the more familiar cohort at the lower end of the income distribution who had more often required (or been close to requiring) the help of financial counsellors and social service," the RBA email said.
.. About 550,000 Aussies still to come off fixed rates
According to RateCity.com.au analysis of Reserve Bank and big bank data, 730,000 mortgages have already come off their ultra-low fixed rates this year, with about another 150,000 still to come off this year.
RBA data shows there were 590,000 mortgages that came off fixed rates in 2022, and there will be 880,000 in 2023 and 450,000 in 2024.
RBA warns 'solid middle-to-upper-income' people are the new borrowers in financial stress
The Reserve Bank has kept interest rates on hold, but more hikes are expected later this year as 550,000 people come off fixed mortgages. The RBA itself warns that could put more people in financial stress, writes Nassim Khadem.
I'm suffering pain so off to the Vet to get some pain killers neck and back
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