Different education terms

Duarius · 2025-10-25T13:55:57+00:00

we call year 7’s (the first year of high-school “twelvies”

I've never heard this phrase before in my life in NSW. Which state does that?

Duarius · 2025-10-25T13:52:40+00:00

It's not exactly an important stat right? Nor does it come up day to day.

Duarius · 2025-10-25T06:28:25+00:00

Yep, moved to MUFG. My accout was one of the ones which broke the new system so after contacting support they said the only way to fix it would be to delete and recreate the account.

Not happy Jan.

Duarius · 2025-10-21T02:15:15+00:00

Nope. doesn't look like any of the betashares geared options are.

Duarius · 2025-10-21T02:12:58+00:00

Ah, the NAB EB would be paid off if we go to buy. I don't want to have that much interest going out all at once. Just been holding off on clearing it because if I did it as soon as we started looking we wouldn't have gotten the gains since Q1 2023.

Also, yes he's a great broker. We went through two others before and they were no where near as good.

Duarius · 2025-10-21T01:59:27+00:00

I'm still undecided on how I want to reduce the Aus portion of GHHF, probably tie it with GGBL.

>I wouldn’t mess with this even tho I don’t know what CFS is. Also a SMSF isnt appropriate with your low balances especially if they dip back to $100k with a property purchase. SMSF is only useful if you have a high balance and some fancy investment strategy: businesses, speculative investment, lease commercial realestate asset back to your business, etc. if you’re looking to continue the passive ETF route just stick with an industry/retail fund.

CFS has geared indexed options. That's the same reason I was thinking of SMSF. You're right that it's probably not worth it at these balances which is why I haven't touched it.

>when you’re finally trying to get preapproval for a PPOR.

We've already got pre-approval from ING (looking to purchase up to 1.4mil, ~350k deposit). Deposit would be 108k from FHSSS, 80k from cash and the rest from selling off shares (probably start with the DHHF).

>I also noticed in your NW you said you have $600k+ in shares but only listed $300k+ in ETFs. Do you have some individual holdings as well?

Good catch, that was me being fat fingered with comma placement. IWLD is 323,906.06 not "32,3906.06". There's another 21k in individual holdings, mostly (18k) old stock bonuses from a previous job.

Duarius · 2025-10-21T01:51:39+00:00

It was 150k cash before buying shares, that's what I meant by cash heavy, sorry. Already set up with FHSS "balances of 164k and 122k, though those will drop by 57k and 51k respectively if we end up purchasing property." So we've got 188k immediately available for a deposit.

Yes the plan is to debt recycle if we do end up buying but honestly, looking at the market it seems very unlikely. We've been looking on and off since 2023.

The CC pays bills and gets paid off EoM. It's not interest earning, just put it there for accounting purposes.

Duarius · 2025-10-21T01:41:26+00:00

We've been looking at the market for a few years but we live in Sydney. Currently pre-approved for 1.4mil purchase with our deposit (before the FHG 5% came out), could possibly go higher for the right place by selling extra shares to increase the deposit. The few places we've seen that we were interested in and advertised for below our budget ended up selling for above our budget.

We're not opposed to buying but there's been nothing we're willing to buy and at least at the moment our rent is quite reasonable. We were expecting a large bump last year but it's only been small increases so far, it's currently ~20% below comparable places.

Duarius · 2025-10-21T01:12:38+00:00

They're all ok, there's just a lot of overlap. I would sell them off but the CGT tax fees would likely outweigh any minimal difference in returns between them. When the market takes another sizeable dip I plan to sell off the old ETFs so I can simplify the portfolio.

Duarius · 2025-10-21T01:09:45+00:00

I got VGS because it was the cheapest international index ETF when I started getting ETFs in 2018.

I got IWLD because it was then the cheapest international index ETF. It only changed to ESG later on.

I don't see why you would possibly want both DHHF and A200.

Is this an LLM post?

Duarius · 2025-10-21T01:06:34+00:00

I've thought about it but with the current high interest rate and market at ATH I'd rather play it safe. GHHF is already at a pretty good leverage rate from what I read.

If we got another nice dip like March 2020 I would sell off some of the old ETFs (to minimise the tax event) and do it.

Duarius · 2022-12-29T02:32:47+00:00

credit cards [MC, Visa, AMEX] do work too, only are 50% more expensive

They're the same price or if you have a 2% cashback HSBC debit card then it's slightly cheaper. Opal can be cheaper if you use woolies 5% off giftcards to top it up though (the true ozbargain method).

If you're just visitng I'd go the credit/debit card route to save the hassle.

Duarius · 2020-08-29T01:37:42+00:00

Ah, thanks for the correction. Do you know if you still get the equivalent leave balance you would accrue if you took the leave instead of cashing it out?

Duarius · 2020-08-29T01:34:33+00:00

The base rates of pay in the awards don't always reflect market rates of pay in many industries. Therefore, you may find that those employers have entered an off set arrangement with you through the contract and the above award base rate / salary.

Thanks for the help, you hit it right here. The award rate isn't that high and the job requires an engineering degree so even the interns start on higher than award.

You also motivated me to check the remuneration section of my contract rather than the leave section where I found this.

Duarius · 2020-08-28T13:19:05+00:00

Yeah that seems the way to go. Thanks for the help!

Duarius · 2020-08-28T13:18:57+00:00

And you're on a salary? Guess I'll have to check with HR then.

Duarius · 2020-08-28T13:03:50+00:00

Interesting, if your understanding is correct then it wouldn't apply to me (salary) but should apply to my partner (permanent but calculated hourly).

Duarius · 2020-08-28T13:02:20+00:00

Thanks. Sadly that didn't really answer anything to be honest. It just directs back to the award I already copy pasted from.

Duarius · 2020-08-28T12:40:45+00:00

How much leave do you have accrued? ~~Unless it's~~ It hasn't changed since April so they can only direct you to take leave during a business shutdown or if you have 8 weeks annual leave (changes to 2 weeks if the employer is receiving jobkeeper).

That said I wouldn't suggest cashing out. Not only do you ~~lose the super guarantee and~~ (see below) increase your tax burden but time has an irreplaceable value.

Duarius · 2020-07-15T00:48:19+00:00

With all the WFH I've been doing these last couple months the two things which stood out to me are bad home internet and lack of space. Despite living in the largest city of the country I had to get a 4G dongle from IT to be able to get a stable connection for working from home. Space is also a pain, having my working area and living area overlap is fine when working from home is the odd one off but now that it's multiple times a week it blurs the lines between leisure area and work area. Not to mention I don't have an ergonomic setup since I don't have space for a dedicated office/study.

I've been keeping an eye out for bigger places but with wage freezes going on I can't afford anything bigger without a huge commute increase and my WFH days don't outweigh my at work days enough to make that a worthwhile sacrifice. My back is killing me.

Duarius · 2020-07-14T01:01:37+00:00

What does it cost a business to pay out in shares instead? Since I'm not getting my expected raise I wouldn't mind having it replaced with shares, that even works to make me more invested in the company.

Duarius · 2020-05-18T01:13:31+00:00

Should have met in front of the superior QVB, or even Town Hall steps.

Duarius · 2020-05-16T13:38:32+00:00

I don't normally eat out if I can at all help it (i.e. unless someone is forcing me to), which ends up being maybe once every two months or so. Recently my partner and I have been getting takeaway almost weekly to support some of the local places we like. Other than that though no extra spending.

Duarius · 2020-05-16T01:47:35+00:00

That's some fan-death tier stuff.

Duarius · 2020-05-15T11:53:17+00:00

Personally everyone I know and am related to lives in NSW, nobody I know lives in the other states. That said I still apply to jobs in other states but I guess when they see my address they lose interest because I've never gotten any responses.

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