21 | 3rd year comms & media | UOW | marketing & advertising - public relations ⚡️ Owner of Beauty By Ash ✨ 2018/2019/2020/2021 Local Business Awards Finalist 💗
Food cost increases are mostly related with supplier pressures, labour shortages, extreme weather events, border closures and the knock on effects of the pandemic and the war in Ukraine. #jrnl103
Many budgets are already starting to be strained by higher food costs (grocery prices are reaching an 11-year high), with soaring energy and fuel bills and an increased general cost of living, making it harder for households to cope. #jrnl103
Commonwealth Securities calculate that on a $500,000 standard variable mortgage, the monthly repayment would increase by $75.96 on a 25-basis point rise in the cash rate, or $122.03 on a 40-basis point increase. #jrnl103 https://t.co/u5p4gZcoRO
Housing has been getting more unaffordable, households have become increasingly sensitive to higher interest rates as debt levels increased, savings have reduced, and lending conditions have tightened. #jrnl103 https://t.co/ZewSuDEQmV
Home buyers will be hesitant to purchase because there is now so much uncertainty about how high mortgage repayments could rise. #jrnl103 https://t.co/LBcELkujB7
Prices in Sydney have slowed at the fastest pace since 1989. Melbourne is suffering its quickest slowdown since 2010 & Brisbane since 2008. #jrnl103 https://t.co/Ll0IAQfKpU
“People are struggling to pay their bills, can't afford repayments on their house because the interest rates have jumped that high. People will loose their house, some won’t be able to afford to buy much food”. #jrnl103
Weakness in the highly priced Sydney and Melbourne housing markets reflect the Reserve Bank of Australia’s move to raise interest rates, the first rise in 11 years. #jrnl103 https://t.co/46Euz8N23e
The housing market is predicted to slow significantly in the year ahead as interest rates start rising sharply later in 2022. #jrnl103 https://t.co/L6xYGuA1uZ
Shire tyre businesses have been kept busy repairing or replacing damaged tyres and in some cases entire wheels due to the amount of potholes in the Sutherland Shire. @UOWTV#uowcreative#jrnl101
Sutherland Shire residents are encouraged to report road damage via council's Snap, Send, Solve app to ensure repair work is prioritised. @UOWTV#uowcreative#jrnl101
Over the last two months, the Sutherland Shire council have repaired 811 potholes at 589 individual sites, which is more than a 30 per cent increase on the comparable period last year. @UOWTV#uowcreative#jrnl101
The NSW government has warned that the job of fixing Sydney’s roads is “absolutely enormous” due to the damage caused by severe weather. @UOWTV#uowcreative#jrnl101
The New South Wales Government and local councils are battling with an expensive backlog of road repair works amid ongoing rain. @UOWTV#uowcreative#jrnl101
The Heathcote National Park offers many of the koala’s favourite food trees and a constant supply of drinking water. Hopefully they will thrive there for many years to come! @UOWTV#uowcreative#jrnl101#koalapopulation