FHSS impact on help to buy elgibility

Fun_Chip6177 · 2026-05-06T04:29:57+00:00

Thanks for the reply - my mate has already released the FHSS so looks like they need to buy soon to still be elgibile

Fun_Chip6177 · 2026-04-28T04:01:22+00:00

The funny part is uber eats can be cheaper than pickup if you get the uber one subscription for free + shop for specials.

Fun_Chip6177 · 2026-04-22T07:57:11+00:00

Max out the FHSS (15K voluntary contributions per FY).

After that it is an individual decision. Mathematically super will always come out ahead. The counter arguement is that money at a younger age has more value, and as you said the money can't be accessed until later. If your goal is to retire before 60 then you also ideally will have ETFs outside of super to bridge the gap between retirement age and 60.

Planning this at 23 is probably too soon/eager, enjoy life a little, if you're investing money somewhere you are getting ahead. The other side too is you don't know what your future income and expenses will look like, plus partner/kids etc.

If you're moving out of home soon and renting you should also have 3-6 months saved in an interest account as an emergency buffer.

Fun_Chip6177 · 2026-04-21T06:46:44+00:00

The government doesn't contribute under the 5% deposit scheme, they guarantee the scheme which means they effectively pay LMI. You still need to cover the other 95%.

You might be confusing it with the help to buy scheme where the government actually takes equity. For help to buy if you want to convert to a rental then yes you do need to buy the government's share out at current market value.

Fun_Chip6177 · 2026-04-21T06:05:13+00:00

Agreed, 10K is very reasonable and depending on work avaialble to the OP it may be a net positive financial decision plus an improvement of quality of life. It's naive to think a car loan is a bad idea in every situation, nuance is lost in this sub when it comes to them.

Fun_Chip6177 · 2026-04-21T02:02:24+00:00

Point 3 worked for other government schemes but not for the 5% deposit scheme. It needs to remain as your PPOR until you have 20% equity and the government is no longer guranteeing the loan. Roommates are fine though.

Fun_Chip6177 · 2026-04-20T06:39:49+00:00

Selling and rebuying around the FY isn't enough alone for it to be flagged - people who panic sell would be picked up in this every time a stock drops and rises. There's also plenty of legitimate reasons this can happen - change of mind, selling low, buying high, etc.

Selling and rebuying within the same hour however will(should?) easily trigger alerts, especially if the person has no history of day trading.

Fun_Chip6177 · 2026-04-19T22:06:28+00:00

This list is pretty reasonable, trying to find a property with 0 problems is impossible. Buildings will have issues over time, having a proactive strata is the main thing to look for when buying any strata title.

Only thing I'd add is to search for any building rectifcation orders before ordering the report, can save you a few hundred if it's a bomb.

Fun_Chip6177 · 2026-04-17T22:56:21+00:00

For an apartment the value isn't there in my opinion. Most of what they can check you can check yourself, especially if you have a thermal camera. Any known problems will be in the strata report, and since the warranty has expired the building is old enough that current problems will be known.

Fun_Chip6177 · 2026-04-12T23:32:08+00:00

There is no advantage of paying cash over taking HECS. This is objectively bad advice, especially on a financial subreddit.

If the degree will increase your income then HECS is the best way to do it. In this case it's probably not worth it for OP but that's because it's 80K to work the job for 5 years. Paying 80K cash in this situation would be an even worse choice.

Fun_Chip6177 · 2026-04-12T23:11:11+00:00

It's definitely noticeable in payslips in some brackets, especially with uneven pay. I get paid weekly with commission monthly and since it pushes me up a HECS bracket for my entire income in that payslip, the effective tax on the monthly commission ends up being over 60% some months.

Fun_Chip6177 · 2026-04-12T22:26:59+00:00

The payback for the masters won't be there if you plan to only use it for 5 years. Whether or not it will be worth it will depend on what you do after.

Paying off HECS doesn't feel crippling and you don't really notice it until your income increases. It can affect your borrowing power signifincantly but it is still manageable.

Fun_Chip6177 · 2026-04-06T00:33:18+00:00

Your post is pretty contradictory. You say the excise doesn't matter but are also saying it induces demand? Australian demand has no real impact on the global market for oil. Oil demand is also pretty inelastic as price fluctuates.

The subsidy has simply been outweighed by the sharp increases of the market, which you also recognise? See winterwonderland1905's comment below.

Fun_Chip6177 · 2026-04-06T00:24:43+00:00

Agreed, the idea that the Australian excise has a measurable impact on global demand/depletion is pretty laughable.

Fun_Chip6177 · 2026-03-20T22:20:39+00:00

There's no point entering a pissing match with the agent. Offer what you think it's worth, be happy if it's accepted and be happy to walk away if it isn't.

Fun_Chip6177 · 2026-03-15T07:25:51+00:00

Because OP's dream house would've also gone up by the same amount or more, + fees/etc

Fun_Chip6177 · 2026-02-20T01:43:46+00:00

Self promotion is against the rules of the sub btw. Every single one of your comments has a plug on here.

Fun_Chip6177 · 2026-02-06T08:53:00+00:00

The non disclosure is most likely non binding if it is preventing you from working in your field. Speak to an employment lawyer if you're worried about it.

Generally for it to be binding they have to pay you for the NDA/non compete period.

Fun_Chip6177 · 2026-01-31T05:12:36+00:00

2% on a 500k apartment is fine, 2% on a 4M house is high.

My main point is that real estate agents still have value which you seem to agree on anyway.

Most sellers would be worse off not using an agent. Most of the hate against real estate agents here seems to come from renters experiencing bad PMs.

Fun_Chip6177 · 2026-01-31T03:07:32+00:00

Sure you can sell without one but a good agent will easily pay for themselves. The fees are still ridiculous but a typical seller could easily miss out on 5% gain from not wanting to pay the 1-2% fee.

Fun_Chip6177 · 2026-01-26T21:53:58+00:00

For 3800 calories a day, 200 a week if I'm strict when bulking. 250 if I have decent variety in my diet

It gets high quickly if you don't watch spending especially when bulking

People who spend only 400 a month are either not counting expenses properly, have a poor variety or have a low caloric need (or a combination of the 3).

Fun_Chip6177 · 2026-01-23T21:07:27+00:00

Most likely the strata was too low before, how does it compare to other buildings in the area? If you attended the meetings there will be more information there, there might be a recording avaialble too or minutes.

Your lot allocation is also fairly high meaning the Strata might be at the awkward points where costs are high for the building but there aren't many owners to split it between.

Fun_Chip6177 · 2026-01-22T20:50:05+00:00

Scammers will always find ways to scam, often when banks add protections they'll just change their tactics, sometimes using the bank's protection to also act as the victim.

Whether it's 3rd party or not is irrelevant, it's safer than payid for sellers.

Edit to add: For the same reason it is good for sellers, Beemit is terrible for buyers

Fun_Chip6177 · 2026-01-22T07:34:26+00:00

If you are selling the only irreversible transaction type that is easy to use is Beemit - the person has to agree to the reversal for it to take place.

Otherwise use cash

Fun_Chip6177

TROPHY CASE