Aussies are more exposed to rising interest rates due to mostly variable rate mortgages, but have managed to pay off bills despite predictions of financial distress, according to RBA assistant governor Christopher Kent. Mortgage arrears rates remain low, with borrowers using savings buffers to offset increased mortgage payments. The RBA credits low unemployment and regulatory measures for helping homeowners maintain their financial position, with major banks reporting that the average mortgage holder is ahead on payments and experiencing minimal financial hardship despite higher interest rates.
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Jets coach Stanton ‘not a quitter’ amid clouded future
Newcastle coach Rob Stanton has no plans to leave the in-form Jets mid-season, despite uncertainty about his future, as they continue their best unbeaten run in 20 years. He believes his players are ready to continue thriving even without him next season if necessary, with the team currently on a seven-game unbeaten streak and closing in on a finals spot. Stanton is focused on developing his players to reach their full potential and is committed...
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