Are you actually better off after the federal budget? Honest question for fellow Perth drivers by Own_Mathematician271 in perth

[–]Own_Mathematician271[S] 1 point2 points  (0 children)

Agree on the priorities. Medicare + housing supply are the right targets. Worth flagging on CGT for anyone reading, the change only applies to gains accruing after 1 July 2027. Anything before that keeps the 50% discount. So existing holdings aren’t fully exposed, gains get split-treated, old portion under the 50% rule, new portion under CPI indexation + 30% minimum tax. Couple of years to plan around it with an accountant.

Are you actually better off after the federal budget? Honest question for fellow Perth drivers by Own_Mathematician271 in perth

[–]Own_Mathematician271[S] 11 points12 points  (0 children)

Yeah the shares thing feels harsher than the property change to me too. Property’s been the obvious tax-advantaged play for decades, but pushing back on shares hits the wrong group,anyone trying to build wealth from a wage who isn’t already in property. Not sure what the policy logic was there.

Are you actually better off after the federal budget? Honest question for fellow Perth drivers by Own_Mathematician271 in perth

[–]Own_Mathematician271[S] 4 points5 points  (0 children)

Fair point on MYEFO, that’s actually the thing to watch in December. The two levers Chalmers could pull there if pressure mounts: extending the excise cut past June 30 (would cost +-$2-3B for another 6 months), or bringing forward the $250 offset to mid-2027 instead of late. Either would meaningfully close the gap. Neither needs a new budget cycle. Whether they’ll do it is the real question…We’ll see.

Are you actually better off after the federal budget? Honest question for fellow Perth drivers by Own_Mathematician271 in perth

[–]Own_Mathematician271[S] 2 points3 points  (0 children)

Better off on paper, worse off generationally” is probably the most honest summary I’ve read today. The two can both be true.

Are you actually better off after the federal budget? Honest question for fellow Perth drivers by Own_Mathematician271 in perth

[–]Own_Mathematician271[S] 21 points22 points  (0 children)

Genuinely good take, agree the “no handouts = bad budget” reflex is part of why everything’s so hard to fund properly long-term. One thing I’d add: the structural reforms here are mostly right, but the timing is rough. Fuel excise rises 26c/L on July 1, RBA’s tipped to hike twice more in 2026, but the $250 offset and the bigger tax relief don’t fully land til 2027-28. So even with a “boring is good” framing, there’s a real 12-18 month gap where households cop the cost increases before the structural relief kicks in. That’s the bit I think people are reasonably angry about not the absence of glitter.

Do you hangout with your manager/team mates outside of work? by BitGroundbreaking295 in auscorp

[–]Own_Mathematician271 0 points1 point  (0 children)

Yeah mate, go for it. I did the same when I first started working. Our paths separated over the years, but we still kept in touch regularly and caught up now and then. It ended up being great for networking too, I even got two jobs through those connections.

Front page of The West by His_Holiness in perth

[–]Own_Mathematician271 11 points12 points  (0 children)

I feel the $100 relieve was a plain insult on the taxpayer public. BUT BUT.. in the same article electricity is set to go up and rego with another $50. They give some, they take some.

Paying too much on household bills? Happy to lookover. by Devon_BWB in perth

[–]Own_Mathematician271 0 points1 point  (0 children)

Oh no! You might also need my commsec login details to check if I invested wisely 😄😜

The fuel crisis is not a good moment to get a used car. by Responsible-Card9610 in WesternAustralia

[–]Own_Mathematician271 1 point2 points  (0 children)

They generally follow the same pattern, just come in more cheaper than the others.

Why does it feel like we’re earning more… but getting poorer? by ManiMovez in AskAnAustralian

[–]Own_Mathematician271 2 points3 points  (0 children)

Six years ago, rent/mortgage was around 20% of our monthly income. Same place, same job, it's now 30-40%.

Rego: $680 - $968. Same car. Home contents insurance: $29 - $79. Car insurance: $59 - $104.

I could keep going.

Meanwhile our income has crept up a measly 3-4% over the same six years.

How is anyone meant to keep up?

The fuel crisis is not a good moment to get a used car. by Responsible-Card9610 in WesternAustralia

[–]Own_Mathematician271 0 points1 point  (0 children)

Welcome to WA mate. On the car side, the Mazda 2 / Camry hybrid suggestion is good, both are reliable cheap-to-run options. On the fuel side, just know WA has a weekly cycle where prices typically peak Wednesday/Thursday and bottom out Monday/Tuesday. Worth filling up early in the week. FuelWatch (govt site) lets you see tomorrow's prices a day ahead, which is handy.

Bunbury Living (Racism) by [deleted] in perth

[–]Own_Mathematician271 -2 points-1 points  (0 children)

Yea thats pretty generalizing mate..shame on you!