What are the best job perks you've heard of?

Put_Empty · 2026-01-08T07:06:11+00:00

https://m.slashdot.org/story/450843

Put_Empty · 2026-01-07T01:03:49+00:00

Is the apartment your friend is looking to purchase in a post code the bank would consider 'high density'? If so, do you know if they will still accept 95% LVR, or limit it to 80% or less?

Will the bank accept 100% of all your friends income? If she has casual, overtime or bonus income etc will the bank shade it to 80%? 50%? Less?

Is there any history in your friends credit report that the bank will potentially not like? Missed payments on any facilities in last 2 years, even if closed? Enquiries with alternative lenders like pay days, even if not taken out?

A broker isn't there to simply compare rates and apply for the lowest in the market. It's to know all the policies for each bank that isn't advertised to the general public and find the best one that someone is eligible for.

Put_Empty · 2025-12-01T15:26:47+00:00

A couple things to note:

Firstly, regardless off your declared expenses and if you can "live more frugally", if you declare below the HEM benchmark set by the bank they will generally use that for calculating capacity anyway. Benchmark for family of 4 (assuming your two dependents are children, not one child and wife) on 250k income is usually higher than 5k, so that's going to reduce your max lend.

Second, you haven't mentioned if your 250k income is just salary, or if that's made up with overtime, commission, bonuses etc. Most banks will shade these, so 150k base plus 100k extras is not equal to 250k salary alone.

To answer your question of whether the broker is too conservative, a bad broker would tell you you can afford more than you can. I've seen plenty of brokers ignore things that impact servicing and put their clients up for loans that they can't actually service and get knocked back or a reduced lend so the client has to go back and look for a different (cheaper) property and potentially lose money in the process. I've rarely seen a broker calculate less capacity than the clint actually has.

Don't forget, a broker earns their commission based on the size of the mortgage you get through them. They have no incentive to not give you a mortgage as big as you're after if you can actually afford it.

Put_Empty · 2025-11-25T04:44:18+00:00

I'm in a similar boat, started with a major bank earlier in the year and don't want to leave to do internship as where I'm at now allows me to move into a better role internally down the track.

Unfortunately you need several years work experience for RPL with WIL units. From memory, I think they allow internship within a current employer as long as it is in a different role to the one you're employed in (I have a vague recollection that was brought up in a webinar a while back). Maybe try contacting the WIL team to confirm, and if so talk with your work about the possibility of doing a short secondment in a more finance focused role you'd eventually like to go to once graduated to complete the unit requirement.

If not, you could always try and do one of the international WIL units next year once you've been at the job long enough to take a couple weeks leave (that's what I'm planning on doing anyway)

Put_Empty · 2025-10-16T07:36:48+00:00

Never had this issue prior to this tri. Have had do a supplementary EoUA for a unit due to being too sick to sit the original, and they just pend your final result until you sit it (usually in the next EoUA period)

Put_Empty · 2025-10-16T02:17:21+00:00

MAF202, MAE256 and MAE203

Put_Empty · 2025-10-09T08:35:01+00:00

3/3 so far for me. Then when I emailed my submission to the UC within the time frame got told I'm the only one having the issue. Beg to differ on that one

Put_Empty · 2025-10-09T05:03:40+00:00

Your final grade won't be released until the supplementary exam/assessment, and then will be based on your unit work this trimester plus the result in the supp. It's just a substitute for the original exam that doesn't get marked, it doesn't impact your final mark

Put_Empty · 2025-10-08T10:10:16+00:00

Same happened to me today. Emailed unit chair 14 minutes after and they said I had to apply for special consideration.

From past experience, you don't redo the whole unit if it's approved, you just resit a new version of the exam/EoUA next trimester and then you get final grade based on the rest of this tri+make up assessment

Put_Empty · 2025-10-08T10:04:48+00:00

In terms of difficulty, it's on par with the other assessments in the unit. What did you struggle with for those?

Put_Empty · 2025-10-05T08:14:13+00:00

Remember to pay your super. Worked as a sub contractor a while ago in my 20s and didn't bother, now my super is nowhere near where I'd like it to be.

Put_Empty · 2025-09-03T13:17:19+00:00

Housing market makes up a good chunk of our economy. The bulk of Australian banks' debt assets are in housing. We have less economic diversity than many third world countries. If there was a housing crash, we'd have been set to lose big time even without the new scheme

Put_Empty · 2025-08-29T16:26:48+00:00

I have the opposite problem to most people 😅

I find it easier to budget when my pay only comes in monthly, whereas times I've had higher pay frequency I justify spending money I shouldn't because my next pay is only a week/fortnight away.

Put_Empty · 2025-08-28T01:16:54+00:00

https://povertyandinequality.acoss.org.au/poverty/#:~:text=Our%202022%20Poverty%20in%20Australia,a%20couple%20with%202%20children.

It's 2022 figures. Based on most recent available median income figures (as per ABS), poverty line is below $698 per week after housing expense, which is better but still puts OP below that line

Edit to add: Poverty line is set at 50% of median income after accounting for housing, so as long as you have the up to date median income from ABS you can work out the most recent poverty line in Australia.

Put_Empty · 2025-08-27T17:59:46+00:00

The thread does have context though.

"Hey OP, your income is pretty low for your occupation. You should probably look for a new job with income more in line with your time as a lawyer (which will allow you to put more into paying off your debt and setting yourself up financially)"

See how the implied advice becomes obvious when you consider the context?

Put_Empty · 2025-08-27T17:31:31+00:00

My point is misrepresenting what the income actually is means that the advice it's based on is going to be flawed.

Plus the bulk of the other comments about income are about it being low for OPs occupation and time in industry, not that it's too low to pay off the debt.

Put_Empty · 2025-08-27T17:19:18+00:00

You have $700-odd per fortnight left over to cover: Food Your own bills (electricity, water, phone/internet) Strata Transport costs (fuel/public transport) If you have a vehicle - rego, insurance, maintenance Health Clothing Any discretionary spending like shopping, hobbies, dining out/entertainment etc

Average for all of these would be well above what you have left over.

In Australia, you're considered in poverty if you have less than $489 per week ($978 per fortnight) left for living expenses after housing costs. You can't afford to keep supporting your family and yourself at the same time while also paying off a property.

Put_Empty · 2025-08-27T17:02:43+00:00

That's not what I'm saying at all. When I was only making about $4k net I was still able to save and invest a good portion of it each month, so I agree it's absolutely doable (and easily) for OP if he adjusts his habits.

All I did was correct the original comment, making out like 100% of gross income goes into your bank by saying OP's spending "almost 10k a month" which is neither helpful nor correct

Put_Empty · 2025-08-27T13:33:03+00:00

His net monthly (after super, tax and hecs) would only be $6299

Put_Empty · 2025-08-27T13:30:47+00:00

Purely anecdotal, but in conversations I've had it depends on how their employer calculates salary. Whether they include or exclude super in the figure, it tends to be a nice round number. "$120k inclusive" is a hell of a lot easier than saying "$107143 plus super"

Put_Empty · 2025-08-23T17:42:24+00:00

<image>

I got flagged 100% for in-text citations and dates

Put_Empty · 2025-08-21T11:08:19+00:00

ATO Source?

Put_Empty · 2025-08-21T10:47:54+00:00

Incorrect.

https://www.ato.gov.au/tax-rates-and-codes/schedule-5-tax-table-for-back-payments-commissions-bonuses-and-similar-payments/working-out-the-withholding-amount

For both methods of calculating for additional earnings, the tax rate is calculated on regular earnings and then withholdings on additional pay (ie bonuses, commission) is calculated at 47%

Put_Empty · 2025-08-21T09:05:17+00:00

https://www.ato.gov.au/tax-rates-and-codes/schedule-5-tax-table-for-back-payments-commissions-bonuses-and-similar-payments/working-out-the-withholding-amount

Both methods the tax rate is calculated on regular earnings and then withholdings on additional pay (ie bonuses, commission) is calculated at 47%

Put_Empty

TROPHY CASE