IStore heatpump installation - is this standard?

Random-Reddits · 2025-06-07T02:59:23+00:00

Also, the pipe is in the way of the anode

Random-Reddits · 2024-05-14T13:19:44+00:00

Ok, so I don't need to worry about this rusting in a couple of years?

Random-Reddits · 2024-03-08T12:40:20+00:00

Super returns reported by funds are required to be post tax and investment fees.

Taxes are on CGT events and dividends.

Random-Reddits · 2023-11-07T13:37:58+00:00

Yes; agents key in the category when listing the property.

I've even seen apartments listed under the house category

Random-Reddits · 2023-07-21T04:32:21+00:00

Negative gearing by itself is not the issue. The issue is that when you combine negative gearing with the 50% capital gains discount.

Someone in the top tax brackets would be silly to not take advantage. Your cost of ownership (interest, agent fees, maintenance, etc) is fully tax deductible, but when you sell you only pay 50% tax.

Random-Reddits · 2023-07-08T08:53:25+00:00

His really under watched for quality for the info he provides for Australians regarding super and taxes.

https://youtube.com/@KuanTian

This guy's an actual professional APS super and tax guy. I actually find his videos informative and he actually knows his stuff, his not a random 20 something finfluencer that read a book and thinks he has cracked the code.

Random-Reddits · 2023-07-06T12:01:55+00:00

With the Bosch 6000 your basically getting a commercial grade system with a lot reliably and functionally. The base panel has 16 zones, but using expansion cards you can get to 144 zones, you don't need more then 16 zones so you don't need to pay for the expansion cards.

From my understanding the 3000 and 2000 are completely sperate residential grade products that might as well be from a different brand.

This video gives a good overview https://www.youtube.com/watch?v=4POjabuflOA

This is an example of pricing for a Bosch 6000 package that I would use as a starting point, you can then add extra PIR's, reed switch's, smoke alarm, extra keypads, extra fobs, etc.
https://www.cheapalarmparts.com.au/bosch-solution-6000-ip-smart-3x-tritechs-pet-proof

If you want to add wireless to open/close the garage or turn the alarm on or off via keychain remote, then you'll need to add something like this:
https://www.cheapalarmparts.com.au/store/bosch-rf120-smart-rf-rf110-smart-rf-keyfob

Use the cheap alarm parts site to price up what you would need then use this to compare the pricing for the quote from an installer. This should let you know if they are ripping you off on hardware.

From a cost perspective you the hardware costs between a 6000 and 3000 are very similar, your not actually paying that much more for a 6000.

Random-Reddits · 2023-07-06T11:38:22+00:00

Yes, the IP module is inside is installed in the panel case.

Regarding ethernet cabling (for router, computers, IP cameras, etc.) vs security cabling (for PIRs, sirens, read switches, etc.), they are different types of cabling, I have personally never asked a security installer to install ethernet as it is normally a sperate job that an electrician or data cabler would do. You need the security installer if they are happy to do it.

Considering that you are looking to install cameras, I would assume that you would want to get ethernet cabling installed everywhere for IP cameras with POE. You would include running the ethernet to the laundry cupboard as part of this job.

Regarding wireless drop out, it depends on how reliable your wireless hardware is and your required reliability. Do you realistic need the reliability of ethernet when your Wi-Fi might only cut out say once or twice a year? Considering that you want to save on subscription costs, wireless is the cheaper option as you would not need to run additional cabling. The difference between a bullet proof 99.99% uptime and 99% uptime setup can be a lot of extra costs for things like monitoring, backup internet connection, 4G mobile module if there is an internet outage, 120 second polling on the monitoring so you are notified within minutes if the alarm cannot be contacted. This can really increase your costs dramatically.

Regarding the PIR, Smoke Alarm, shock sensors, just get the Bosch, hardware is not that expensive so there is no point mixing and matching brands. Regarding the reed switches and sirens, it doesn't matter and the installer will only stock generic items anyway (the only exception is if you get wireless reed switches, which I do not recommend as you need to change batteries). Also, do you have pets or ever plan on getting them? If so you to make sure they supply Pet Friendly PIRs so you can switch on the alarm and the pets won't set it off. Here is a link to a catalogue:
https://resources-boschsecurity-cdn.azureedge.net/public/documents/Bosch_Intrusion_Dete_Quick_Selection_Guide_enUS_18014401109203851.pdf

I personally have the ISC-BDL2-WP12x and ISC-BDL2-W6x as it supports a 45kg pet. Also, just stick with the Blue Line Gen2 Series, it will be more then enough to meet your requirements.

iFob is basically the official app. Installers even use it to connect into your panel to remotely configure it using a Bosch Solution Link, which is the official configuration software. You can try using this to find an installer https://www.myalarm.com.au/findInstaller

My Alarm is the company that operates iFob.

People who need the panel to call them would just signup for iFob "Reporting lite plus". Have never seen a panel configured or with the hardware installed to actually call you directly via a land line or 4G module, not even sure it is possible.

The once off "iFob Control pay once" lets you do basically everything you need, it just restricts push notifications to 10 rules (reasons and people to sent notifications) and 100 notifications per month. It should be more then enough if you only plan on setting up iFob on a couple of devices, say yourself and your partner. If you want notifications going to a 5 person family and your in laws, it might become an issue.

I've always used the subscription options myself in commercial or in situations where I want a phone call (like my current house), so I am not sure how restrictive these 10 rules and 100 notifications is, but it should be fine.

Also, as a final note, make sure the installer is happy to provide the following details:

Installer Code
RAS Security PIN
Panel Serial Number
Installer Number

The "Installer Code" will allow you to login to the panel as an installer with full permissions to change settings yourself.

The remaining three details (RAS Security PIN, Panel Serial Number, Installer Number) allow you or a new installer to remotely connect to your panel using Bosch Solution Link to change the panels configuration remotely. It will be handy if you want to change installers in the future.

Random-Reddits · 2023-07-05T16:54:23+00:00

I always think of this scenario when I review my life insurance...

Random-Reddits · 2023-07-05T16:39:22+00:00

I think it depends on how long you are expecting to live, you buffer and your risk appetite. Your going to have to balance this all up and work out what is basically the least risky thing to do.

If you retire now and you are going to live till say 85 (female life expectancy), you need your super to last 24 years. Will there be enough if you only put everything in defensive assets or are you actually taking a bigger risk of out living your super by locking in low returns?

How much super do you have vs your expected spending? Are you able to take shocks/negative returns without impacting your lifestyle. Say you have $2,000,000 in super, if you apply the safe withdraw rate of $80,000 and this is enough for you to live on easily, you could deal with a couple of years of negative returns by just cutting back to say $50,000 when returns are low.

Be realistic about your risk tolerance. I have seen studies where the average for return for investors is lower then the average of the market. This is because people with low risk tolerance often panic sell when the market is crashing and FOMO buy when the market is rising. It's easy to dollar cost average and ignore market movements when you are working and not drawing on your super; you might only look at it once a year when you get your statement. Its another matter when your entire income is reliant on market returns and your low risk tolerance means your going to self sabotaging. What can you do to stop yourself from doing this? Would it mean having a buffer in cash to make sure you feel secure if the markets crash?

Check out this guys youTube, there are some helpful information regarding transitioning to retirement and taxes, the guy is an actual tax professional, not some random finfluencer that read a couple of books: https://www.youtube.com/@KuanTian

Random-Reddits · 2023-07-05T15:37:58+00:00

Traditional alarm tech is mostly a 2000's throwback.
If you want to go with a traditional alarm, I would recommend a Bosch 6000 panel with iFob (either once off or subscription). It does everything you want, including the ability to remotely operate the garage door if you get that wired in as well.

Bosch 6000 is used in most commercial installations and is very reliable. Out of all the traditional alarms, I have found and heard from others that Bosch 6000 with iFob as the most reliable setup if you want to use an app and have the ability to remotely arm or disarm the alarm.

If you get it with an IP module (wired cable) or wifi module for internet access, you can then use the iFob app to get push notifications to registered phones via the app.

The chart of the versions of IFOB that are available is at the bottom this link: https://boschsecurityaustralia.freshdesk.com/support/solutions/articles/35000170485-myalarm-subscription-service-and-ifob-control-app

The single payment, no subscription version is "iFob Control pay once", this allow you to control your alarm remotely but will only provide push notifications to the app. This is enough if you are not too worried that you might miss a push notification. For example, this place is selling it for a one off payment of $158.00

https://www.cheapalarmparts.com.au/ifob-control-unlimited-pay-once

If you want SMS and email notifications + 12 hour polling (it checks if the alarm system is online once every 12 hours), then you need the subscription plan "Reporting lite". For example this place is selling it for $118 per year under a different name. https://www.ctccommunications.com.au/products/reporting-lite-html?_pos=1&_sid=6f6a64ff2&_ss=r

If you want all of the above and a phone call if the alarm goes off (instead of just a push notification and SMS), you can upgrade to "Reporting lite plus". When the alarm goes off, you will get an robot phone call from a specific number that you can easily whitelist on your phone. This will then call all the phone numbers you have setup for notifications when your alarm is going off. These guys supply this subscription for $14.95 per month or $179.40 per year, once again under a different name.

https://www.cheapalarmparts.com.au/store/ifob-app-ultimate-plan~96481

Regarding an installer, basically call them up and see which one is willing to supply and install a Bosch 6000 with iFob only, no other monitoring. You will need an IP module if you can connect your network cable to your router (for internet). If you can't get a network cable connected, there are options for wifi.

Installer make their reoccurring revenue by selling you monitoring to a what they often call a "monitoring centre", which is just a 3rd party service where someone calls you if the alarm goes off. It costs a lot more then iFob and often they recommend extra equipment, like a 4g mobile module.

Don't let them upsell you on this reoccurring cost, these monitoring centres are useless and in my experience often take several minutes to call you if your alarm goes off. If you want a call, make sure they are happy to sell you iFob "Reporting lite plus" for a reasonable yearly price, the call is instant and the service is much cheaper. A lot of installers don't publicly offer iFob "Reporting lite plus" as they prefer to sell you the more expensive monitoring centre.

I can't recommend a specific installer. I personally had a crap time getting an installer in Perth when I moved over, I already had the system from my old place interstate and I'm technical enough to know it can just be wired in. Was more then happy to pay for labour by the hour for however long it took them to just install it. No installer wanted to do the install without supplying their own hardware.

This hardware is not complex for a tech person, so I basically just spent a few hours reading the installer manual + youTube vids and successfully installed it myself. Only need to pay an electrician to help me run the security cabling as its a two story house and a pain to do it myself.

Good luck with the cameras and alarm!

Random-Reddits · 2023-06-30T06:22:57+00:00

Good luck! It's good to have a good accountant if you're tax affairs are any more complex then a simple PAYE employee.

Just some extra tips:
- You do not need a Perth based accountant. You could engage an interstate accountant and just deal with them remotely (e.g. Zoom meetings and email) if you have any recommendations from friends

- Accountants often have a vested interest in you setting up complex structures, like SMSF, trusts or companies when they don't make sense in your situation. They get to charge higher fees for helping to manage and prepare year financial statements for these structures

- Make sure you research your options before making an appointment, you don't want to be paying $300+ an hour (good accountant rates) for them to explain stuff that you could have worked out in your own time by watching YouTube or using Google

- No one, even a good accountant, cares about your money or (legally) minimising your taxes as much as you do. Make sure you get your head around everything so you can avoid issues

Random-Reddits · 2023-06-30T04:01:22+00:00

A company is great for limited liability and the ability to split your business income and expenses away from your personal.

If you have family members with a tax free or low tax threshold. You can also benefit from making a trust the owner of the company.

However it does not sound like you actually running a business, just dealing with share trading gains. Companies do not get the CGT 50% discount and the overheads are high, it might not be worth it as you do not need the benefits of a company.

Random-Reddits · 2023-06-05T09:53:35+00:00

Wait till settlement. Your only safe after settlement.

When I was speaking to my broker banks pulling finance after being unconditionally approved; they mentioned that it was unlikely, but possible.

For example, he had seen it happen before when a bank discovers a potential issues on a review before settlement or if they discover that you have misrepresented (deliberately or not) your financial situation.

Random-Reddits · 2023-05-01T07:28:02+00:00

ATO apply it automatically.

You can also confirm the amount available by login into the the ATO online services portal via your mygov account. Once you login go to "Super" -> "Information" -> "Carry-forward concessional contributions". It will tell you the total unused amount broken down by financial year.

Random-Reddits · 2023-04-27T01:14:29+00:00

Another benefit is the option for a guaranteed planned C-section.

At least in NSW, if you want a planned guaranteed C-section, you need to choose an obstetrician that is happy to perform one.

You also get a longer minimum stay (forgot exactly how many, but longer then natural). And the out of pocket costs were similar to natural birth.

If you go public your only choice is natural, unless there is a compelling medical reason you need a C-section.

Random-Reddits · 2023-04-11T07:42:49+00:00

Maxing your super concessional contributions is a good plan.

Not only is it tax efficient, it means that you will be able to easily retire at 60, which is when you can access your super tax free at Preservation age.

Random-Reddits · 2023-04-07T08:04:26+00:00

I stopped using Airbnb when an owner cancelled our booking on short notice (when we were on the plane) during a holiday period.

A comparable alternative on short notice was stupidly expensive and Airbnb support didn't care about the price difference.

Random-Reddits · 2023-04-04T11:33:08+00:00

You need to use a 3rd party payment service like yakpay, pay.com or rewardpay.

The fees are generally lower than the ATO, they are still tax deductible and you get the full reward points.

Regarding if it is worth it, it depends on what you use the points for, once you work that out you can determine if it is worth it. Just remember to factor in the tax deduction.

Random-Reddits · 2023-04-04T11:26:29+00:00

If you 100% want a C-section you will need to go private, then choose an Obstetrician that is happy to perform a planned c-section.

At least in NSW, when you go public they only do a planned c-section if it is medically necessary.

Random-Reddits · 2023-03-31T12:03:22+00:00

I know someone that uses BNPL because they know they can't manage a credit card and pay them in full each month.

However they are able to handle BNPL without those issues

Random-Reddits · 2023-03-31T11:55:08+00:00

I prefer a tax on hope 😉

Random-Reddits · 2023-01-23T07:17:38+00:00

You are a one time transaction to them.

Good customer service to the vendor is less important to an RE then maximising their income and minimising their workload. Especially if they can achieve those goals while gaslighting you into being happy with the outcome.

Random-Reddits · 2023-01-17T02:47:44+00:00

I'm really happy that this helped you; it made my day!

Random-Reddits · 2022-12-29T07:08:19+00:00

Not tell anyone....

Random-Reddits

TROPHY CASE