Sport and Fishing………. 41 to

Moruya River. Reports this week have again been very posi ve, with good numbers of flathead, bream, trevally, and estuary perch all being reported. The airport flats, Preddy’s wharf and quarry wharf have all had numbers of fish, with the tailor s ll hanging around the two wharves, and the airport flats holding some nice flathead. We just need this southerly system to leave us alone, and allow some summer like condi ons to start to make themselves at home. On a plus note also, it would seem that NSW Waterways has finally got around to removing the errant signs from the hole in the wall. Reports from all the way up past Yarragee have also come in this week with flathead, bream and estuary perch. It’s good to see these upper areas of the system star ng to be produc ve again. The hospital hole has produced the usual bream and Trevally this week, while the town bridge and the flats below have held a few nice flathead and bream as well. The chilly southerlies look to hanging around for at least a few more days, so rug up and get a goat it this weekend. Tuross. Coila lake is s ll open to the ocean at this stage, big seas this week will probably deposit sand in the lake entrance, resul ng in the lake closing up again sooner than later. There were good prawn last dark, and fingers crossed they will be even bigger next dark, which will be Friday 23rd of December. If you need prawning gear, we are well stocked with everything you and the family will need. The Tuross system, has again been the best performer this week despite the strong winds we have been experiencing. Good numbers of flathead, bream, trevally, tailor and Luderick have all been reported this week. Once we get a good week of hot sunny weather, the system will kick up a notch as well. The fish in Tuross have been spread far and wide, allowing for plenty of explora on, and weather op ons. Tuross always has somewhere you can find a spot that is out of the wind and protected. Fish have been reported all the way up the back of Bumbo lake, so get out and explore this awesome fishery this weekend. Rock and Beach. While the wind has made it very trying to fish the beaches and headlands this week, the north facing headlands and ledges have been the easiest areas to fish with the strong southerly winds we have had this week. There have been a few bream and whi ng star ng to appear in the mixed grounds next to headlands and beaches this week. We can expect this to further improve as the summer warms up. There have s ll been good numbers of salmon on the beaches for those who have braved a sandblas ng. The northern side of Moruya breakwall has seen intermi ent fish ac vity this week, with the usual salmon schools a li le on the quiet side. Offshore. There have been limited reports from boat crews this week, what I have heard is that there are s ll good numbers of snapper and flathead available for this who have got out. Try working the magic 30-40m for most fish. The game crews are keening awai ng the run of summer billfish, but as yet I, I have t had anything to report. If you haven’t organised Xmas prepara ons yet, come in and check out our every expanding range of product. We will something to suit the fisherman or camper in your family. If you can’t think of what to get, don’t forget we also do gi vouchers. Stay safe everyone and remember, “ everyday’s a good day for fishing…” Team Tackle World Moruya.

South Coast Property Specialists (Carlene Franzen) Tips #1127: Fixed Rate Worry

By now you have probably heard that the Reserve Bank of Australia (RBA) announced another rate a week ago making it the 8

th

consecu ve increase. Firstly, the good news is that the RBA doesn’t meet in January so there won’t be an increase un l February at the earliest.

And now for the bad news. The latest increase adds a further $75 per month for a $500,000 loan which is $834 more per month than you would have been paying in April this year. If you have borrowed $1m then of course you can double that. For those on a variable mortgage rate, then this increase has been incurred over “steady” steps over the past 8 months which has enabled people to plan and adjust their finances in a somewhat controlled manner. However, concern is now increasing for those who will be coming off fixed mortgage rates and therefore will experience this increase in monthly repayments in one fell swoop. In July this year AMP Capital reported that fixed lending usually makes up 10-15 per cent of the total mortgage market, but that number quadrupled to over 40 per cent last year. It is es mated that many of these fixed terms will cease around the middle of 2023 and if the RBA con nues to raise rates a er they come back from their Christmas holidays, the above numbers will inevitably be higher than they are today. So, if you have borrowed $500,000 (which is less than the na onal average) on a fixed loan which converts to variable in June next year you are likely to be having to find an addi onal $1,000 per month to cover the loan. That will be a shock to many and certainly needs to be planned for between now and then to ensure you have the resources to con nue to make the loan repayments. For those in CBD areas where mortgages are o en higher than we see in regional areas this will certainly be a major issue. The Finder group (finder.com.au) suggested there are a number of ac ons you can take:  Call your bank or lender: It may be able to refinance you onto a lower rate which will reduce your monthly repayments, or it may be able to assist you with a financial hardship plan. You might be able to switch to an interest-only home loan for 12–24 months or get a 6-month mortgage holiday.  Compare other home loan rates: Take a look at other interest rates on the market because you may be able to switch to a lower rate elsewhere.  Look at your other expenses: If more of your money is going towards home loan repayments, look at where you might be able to cut back in other areas. Compare your internet, phone and mobile providers, as well as car and health insurance.  Save what you can in a high interest savings account  Consolidate other debts

Of course, the RBA is doing this for the reason which is to slow down the economy and stop people spending money. It’s obviously going to work for those with mortgages.

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