Vly News - Professional news Platform

“The sector as a whole has a large liquidity buffer, most households have substantial equity in their housing assets, and lending standards have in recent years been more cautious and have built a larger buffer for rate hikes,” he said this week. Bullock explains that “many borrowers have made payments well above what was requested”, with much of the mortgage debt held by wealthy households. The RBA also takes comfort in the fact that “those with very low fixed-rate loans have time to prepare themselves for higher interest rates”. Hammered household I will reiterate that as droves of unwitting borrowers have been embarrassed by the RBA’s public commitment not to raise rates until 2024 (at the earliest) noticed that their mortgage payments will more than double in the next year or two, thanks to what that would soon be at least a 1.75 percentage point rate hike in just three months. In 2020 and 2021, the RBA relentlessly advised families and bus...

As for its appearance, it’s surprising how small it looks with no other vehicles in sight. The EQS’s rounded body shape – aerodynamically sculpted at the front to increase reach – visually reduces it. However, in a standard parking lot, its enormous size is quite obvious. Polarizing style. For those who hate it, there is bad news to come: its shape will be replicated in the smaller Benz EV sedan. Personally, I find it attractive and distinctive, except for the rear view, which is a bit bland. By the way, there is a hole in the tail, and a large rear trunk area. However, the nose is stuffed with cooling and electrical components, and remains closed except during servicing. It is very fast and has five driving modes, selectable on the fly via buttons mounted on the steering wheel. The spacious interior is spaceship-like, not club-like (no wood panels for starters), with a large 1.4-meter wide panel on the dashboard, joined by three separate OLED touchscreens behind a...

One of Australia’s largest supermarkets has announced a huge price hike for its branded milk which is sure to put more pressure on family budgets. Key points: The price of Coles home-brand milk will increase by 25 cents per liter for 1L and 2L bottles It said rising procurement, transportation and packaging costs were behind the increase He also said that they pay farmers more for their milk Coles said his own 1-liter fresh milk would jump 25 cents from $1.35 to $1.60 per liter while a 2-liter bottle would increase to $3.10 from $2.60. It was the most substantial one-time increase since supermarkets introduced the controversial $1 per liter milk in 2011, which slashed retail prices of milk by a third. Coles, Woolworths and Aldi all raised their supermarket milk prices by 10c per liter in December last year. The increase was the first increase by a retailer in more than two years after the last three hiked prices by 10 cents in July 2019 after ending dollar milk earlier that year. ...