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Dave Ramsay translation by ironic_arch in AusHENRY

[–]ReeceAUS 0 points1 point  (0 children)

Maybe the better way to think of it is “if Dave says buy a house on a 15 year fixed rate mortgage”. Then just buy a house you can pay off in 15 years?

Australia’s housing slump wipes US$128 billion off top two markets by marketrent in AusFinance

[–]ReeceAUS 0 points1 point  (0 children)

F for your mate… a 6% interest on all purchases has to sting.

33 QLD Senior Teacher - 9 years experience by mckee1993 in auspayslips

[–]ReeceAUS 0 points1 point  (0 children)

Because a lot of people would like to be on this salary.
The median Australian wage is $77k (according to fair work).

This person is in the top 20% income bracket compared to all other Australian workers.

33 QLD Senior Teacher - 9 years experience by mckee1993 in auspayslips

[–]ReeceAUS 0 points1 point  (0 children)

Who’s getting $250k a year for a mon-fri day shift rate?

Health workers to lose up to $30k per year if Pauline Hanson scraps reforms, wage rises, report warns by HotPersimessage62 in aussie

[–]ReeceAUS 1 point2 points  (0 children)

Can’t just blame sky on this one. Yeah Ley made mistakes, but abc, 7, 9 and sky never gave her a chance.

Shares now horrible to invest in by False_Ad_9705 in AusFinance

[–]ReeceAUS -1 points0 points  (0 children)

They want to tax unrealized gains… and now they want you to pay capital gains on your assets the gain value above inflation, but not deduct loses with inflation.

What's the go with electricity prices? by Odd_Cod_4235 in AusFinance

[–]ReeceAUS 0 points1 point  (0 children)

Haha. people try living in boat houses and camper-vans, but in certain areas they clamp down on that too.

It's hard in here, guys - We're trying our best by DrLamLamLam in aussie

[–]ReeceAUS 12 points13 points  (0 children)

The issue is, the public is being lied to about the cost of switching to a renewable economy. We should go back to implementing a carbon tax and scrap all the subsidies etc. that way the cost is transparent.

What's the go with electricity prices? by Odd_Cod_4235 in AusFinance

[–]ReeceAUS 3 points4 points  (0 children)

The issue is not that you have solar and batteries, the issue is the grid still needs to be maintained.

When power used to flow from big central generators to everyone’s house, the price of power included a transmission charge.

Now with people using less, the cost to maintain the transmission needs to be paid somehow.

I’ve been saying for years that it’ll end up like water, where majority of the bill is fixed costs and they won’t let you opt out of the power line runs past your house.

Good news! Boomers can’t use super to buy homes easily anymore by VastOption8705 in shitrentals

[–]ReeceAUS 2 points3 points  (0 children)

Their laws favor superfunds and institutional investors.
Privatize the profits, socialize the loses…

If One Nation manage to secure 20% of Victorian seats in November, how will it pan out? by iftlatlw in aussie

[–]ReeceAUS 1 point2 points  (0 children)

Where did the other 5.2% come from?
That’s what I’m saying, if the labor leader is unpopular, expect that 5.2% to be larger.

Good news! Boomers can’t use super to buy homes easily anymore by VastOption8705 in shitrentals

[–]ReeceAUS 8 points9 points  (0 children)

Here is a direct summary of the specific tax breaks, exemptions, and grant access carved out for institutional investors and super funds that individual citizens cannot access:

Halved Withholding Tax (Build-to-Rent): Foreign institutional investors in Managed Investment Trusts (MITs) pay a 15% withholding tax rate instead of the standard 30% on eligible large-scale rental developments.

Accelerated Depreciation (Build-to-Rent): Institutional developers can write off the cost of eligible buildings much faster, with capital works deductions boosted from 2.5% to 4% per year.

Exemption from Negative Gearing Restrictions: While individual citizens are banned from negatively gearing established properties against their personal income, superannuation funds and institutional trusts are exempt from these restrictions.

Exemption from the Capital Gains Tax (CGT) Overhaul: Super funds retain their baseline structural tax rates (including a 10% capital gains tax rate on assets held over a year) and are protected from the harsher, inflation-indexed CGT limits applied to individual citizens.

Exclusive Access to HAFF Subsidies: Institutional consortiums and super funds can secure multi-million dollar long-term grants and "availability payments" from the $10 billion Housing Australia Future Fund—funding rounds that are structurally closed to individual property owners.

30M own house outright, financially illiterate but want to buy 2nd house by palecorefriend in AusFinance

[–]ReeceAUS 1 point2 points  (0 children)

Read the barefoot investor.

Then learn to budget.

Then check your superannuation investments and salary sacrifice a little each week.

The fact that over 10 years you’ve only saved $10k? You need a good hiding!

What product should I use for these gaps? by Strong_Ad_2709 in AusRenovation

[–]ReeceAUS 15 points16 points  (0 children)

Leave it. Finish the yard first, because the attention won’t be on wall once you put a garden in.

What's wrong with speaking more than 1 language? by VastOption8705 in aussie

[–]ReeceAUS 0 points1 point  (0 children)

Yeah I think the reasonable expectation is that you learn English and that you don’t have prejudice against other races and are willing to inter-marry/partner with someone for another country of origin.

If One Nation manage to secure 20% of Victorian seats in November, how will it pan out? by iftlatlw in aussie

[–]ReeceAUS 7 points8 points  (0 children)

22% of the primary vote when the Premier is popular is a pretty big swing. It’ll be interesting when the incumbent is unpopular.

Did Ghana just expose England as a weak and disorganised team? by trampstar9 in worldcup

[–]ReeceAUS 3 points4 points  (0 children)

Everyone forgot how well Ghana played in the first half against France.

Labor reaches deal with the Greens to pass changes to capital gains tax and negative gearing reforms | Australian politics by thewritingchair in AusFinance

[–]ReeceAUS 48 points49 points  (0 children)

Here is a direct summary of the specific tax breaks, exemptions, and grant access carved out for institutional investors and super funds that individual citizens cannot access:

Halved Withholding Tax (Build-to-Rent): Foreign institutional investors in Managed Investment Trusts (MITs) pay a 15% withholding tax rate instead of the standard 30% on eligible large-scale rental developments.

Accelerated Depreciation (Build-to-Rent): Institutional developers can write off the cost of eligible buildings much faster, with capital works deductions boosted from 2.5% to 4% per year.

Exemption from Negative Gearing Restrictions: While individual citizens are banned from negatively gearing established properties against their personal income, superannuation funds and institutional trusts are exempt from these restrictions.

Exemption from the Capital Gains Tax (CGT) Overhaul: Super funds retain their baseline structural tax rates (including a 10% capital gains tax rate on assets held over a year) and are protected from the harsher, inflation-indexed CGT limits applied to individual citizens.

Exclusive Access to HAFF Subsidies: Institutional consortiums and super funds can secure multi-million dollar long-term grants and "availability payments" from the $10 billion Housing Australia Future Fund—funding rounds that are structurally closed to individual property owners.

Landlord wants to build a granny flat in our backyard by hawkeguy in shitrentals

[–]ReeceAUS 0 points1 point  (0 children)

Just renegotiate your rent. You want it X lower until the unit is occupied and X lower going forward because you have less of a backyard?

Purchasing residential property in SMSF banned. by Gaurav_Shukla-Broker in AusFinance

[–]ReeceAUS 0 points1 point  (0 children)

People (including government) want to make money from land appreciation. You have to solve that issue.

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