AusFinance

The whole floors needs to be ripped apart and fix the drain pipe then tiles needs to be done. I am looking at 10k-15k to fix everything.

I am paying $2100/month for a house that I bought recently for $645k with 50% LVR.

Hi Guys, I bought a 1977 built house which was last sold for $390k in 2019 and I paid $650k. After moving in we found the cabinet drawers were broken and the house had plumbing issues which will cost up to $2k to fix. Surely I am not the only one who had these issues. Anyone else want to share their story ?

Anyone banking with Me Bank should be aware of the trick the bank ispulling. I have a home loan with Me bank and every time I call them I have to wait minimum of 1 hour on hold. So I thought let's try calling them early in the morning, mid day and in the evening before they close. All had the same result - around 1 hour hold. Tried on 8 different days and same result. Now its time to discharge my loan from them to some other bank

What are the new stage 3 tax cut brackets?

Here's how the proposed plan looks at a glance:

• Earn up to $18,200 – pay no tax

• Pay a 16 per cent tax rate on each dollar earned between $18,201-$45,000

• Pay a 30 per cent tax rate on each dollar earned between $45,001-$135,000

• Pay a 37 per cent tax rate on each dollar earned between $135,001 — $190,000

• Pay a 45 per cent tax rate on each dollar earned above $190,000

What were they going to be?

Here's what the previous plan looked like at a glance:

• Earn up to $18,200 – pay no tax

• Pay a 19 per cent tax rate on each dollar earned between $18,201-$45,000

• Pay a 30 per cent tax rate on each dollar earned between $45,001-$200,000

• Pay a 45 per cent tax rate on each dollar earned above $200,000

Having responded to stronger-than-expected quarterly inflation figures by lifting the cash rate to 4.35 per cent in November, the RBA has used softer-than-expected monthly inflation data as an excuse to sit tight in December.

But RBA governor Michele Bullock noted that those October inflation figures covered mainly goods and few services, which are currently the main area of concern for the central bank, leaving it waiting for additional data.

"The limited information received on the domestic economy since the November meeting has been broadly in line with expectations," Ms Bullock observed in her post-meeting statement.

With no meeting scheduled for January, borrowers should be safe from further rate rises until at least February.

(title changed from "Australians have endured the largest decline in spending power for four decades, so the RBA has decided to give them a break")

I haven't seen much discussion about this, but noticed them when perusing some PDS's. The headliner is that they both have fees of 0.15%, lower than everyone else's equivalent offerings in the Australian market:

Global listed infrastructure:

Global listed property:

* Total estimated fees, as taken from most recent PDS for each product at time of posting. Includes management fees (including indirect costs if broken down separately), plus transaction costs.

VanEck already recently reduced the fees on their two offerings a lot, but now BlackRock is half of that again.

Since it's listed (not unlisted) infra / property there's less diversification benefit, but hey it's being offered for cheap now.

Almost half of Australia’s mortgage holders would be in financial stress if the expected Melbourne Cup interest rate rise goes ahead, paying at least 30% of their income to service their loans.

Households diverting at least 30% of their disposable income to service a mortgage – a standard stress gauge – will account for 48.5% of total borrowers, according to the Australian National University’s Australian tax and welfare system model.

The proportion rose from 26.7% in pre-Covid 2019 to 43.8% at the end of last year, and easily topped the 38.5% share of households in 1993, to be at record levels.

Mr Purcell admits he initially bought his battery as a form of insurance against the volatility inherent in the spot market.

However, his thinking quickly changed when he saw the opportunities on offer, describing one instance in which he was able to fill up his 10-kilowatt-hour battery with electricity costing 1 cent per unit.

"That's the opportunity and the risk on the very low prices," he said.

"It cost me 10 cents to fill the battery during the middle of the day.

"And then at night-time the price went up over $10 a kilowatt hour, so I was able to export that same 10 kilowatts out of that battery for $100."

Surprise! Fuckwit Who Thinks You Don’t Work Hard Enough Got His Start Through an Inheritance

The decision from Australia's central bank will be welcome news for borrowers, but some economists think there's a chance of another rate rise this year.

New article from Passive Investing Australia. Always quality content!

"The Commonwealth Bank has reported a record $10.16 billion profit and will lift its dividend even as it sees increased risks from cost of living rises and high interest rates."

Planning to buy a house but not sure where to start. Any help is really appreciated.

Should it be done at all? Or how long should one wait for before getting credit card when having a existing mortgage?

FYI:

• we are here in NSW
• getting credit card only to take advantage of the points and convenience in some case, not a necessity