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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Frankfurt defeat Heidenheim in warm-up for Spurs crunch
Ange Postecoglou's Spurs are set to face a confident Eintracht Frankfurt in the Europa League following Frankfurt's 3-0 Bundesliga victory over Heidenheim, which solidified their third-place standing and edged them closer to Champions League qualification. Jean-Matteo Bahoya, Robin Koch, and Hugo Ekitike each scored for Frankfurt, while Werder Bremen secured a 2-1 win against 10-man VfB Stuttgart, with Oliver Burke netting both goals. In other Bundesliga action, Bayern Munich drew 2-2 with Borussia Dortmund, maintaining...
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