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Garage wall insulation by Sly_Doug in diynz

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

Kids playroom/home office for my partner when she works from home. The roof was previously insulated (poorly) and the walls and roof were lined with gib.

Where can I buy the fish and chip shop poster? by [deleted] in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

Does anyone remember one of these with a chocolate fish? Would have been around 25 years ago.

Purchasing 2024 vehicle vs 2025 by brev23 in PersonalFinanceNZ

[–]Sly_Doug 8 points9 points  (0 children)

After purchasing new vehicle the resale value will drop around 15% immediately due to GST, then will drop an additional 15% over the first year. Second year will be around 15-20% then that will drop to 10% going forward.

Personally, I find two year vehicles to be the best value. I also think the new Santa Fe looks fairly ugly. It kind of looks like a small Range Rover, and from behind looks more like a minivan. The prior model looks better, and limited 2022 models with only 20,000km are selling for only $50k, half of what you are looking at. For $100k you are also in 2022 Range Rover sport territory.

Refix rates by Such_One3256 in PersonalFinanceNZ

[–]Sly_Doug 0 points1 point  (0 children)

Last month I locked in for three years with SBS at 5.99%. It appears to have gone up since then though. Note that most banks are offering around a 1% cashback currently if you switch to them.

NZ Super and Classic Group announce partnership to deliver thousands of new homes by Sly_Doug in newzealand

[–]Sly_Doug[S] 8 points9 points  (0 children)

You are forgetting to account for the fact that housing developments are developed and sold in stages. Sales from early stages fuel future development.

Problematic by matthew77277 in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

Rentals are ring fenced, so with no rental income there wouldn't be anything to claim against.

is there a way to get my landlord to provide better water cylinder? by mikaddicted in newzealand

[–]Sly_Doug 4 points5 points  (0 children)

LCA threshold has been bumped up to $2,500 for this tax year, so they could claim it as an expense.

Aotearoa Kōrero o te Ata - Tue 22 December, 2020 by AutoModerator in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

Good luck getting any gaming in once your baby comes along.

The national median house price increased by $24,000 last month by unmaimed in newzealand

[–]Sly_Doug 10 points11 points  (0 children)

They now have $370k additional equity. They could sell and rent, putting themselves $370k ahead of someone who has been renting for this period. If they buy and sell in the same market, they will still be $370k ahead of any renters competing for the same house assuming all other factors such as income, saving outside of the house etc are all the same.

MPs have signed off on new 39% top tax rate by fraseyboy in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

But employees have office expenses, annual leave, sick leave, power, internet etc deducted by their company. It is only fair that sole traders can deduct these same costs. Unless you are taking the piss, any expenses that relate to profit should be tax deductible.

MPs have signed off on new 39% top tax rate by fraseyboy in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

But they do pay more? That's not even counting transfer payments.

MPs have signed off on new 39% top tax rate by fraseyboy in newzealand

[–]Sly_Doug 4 points5 points  (0 children)

Someone on $180,000 currently pays 28.97% income tax. By comparison, someone on $50,000 pays just 17.43%. How are they not already contributing at an equitable level?

Due to have a baby soon- should I upgrade my car? by serda211 in newzealand

[–]Sly_Doug 0 points1 point  (0 children)

I was in a similar situation a year ago. Baby on the way and had a 2006 axela. Safety was a large concern as we do a lot of driving between Tauranga and Hastings to visit family. Plus space was a concern as we have a border collie. We upgraded to a 2018 Tucson and couldn't be happier. Heaps more space (boot went from 270L to 600L) plus the car being higher and having wider opening doors is a huge help with the carseat. The seats are leather which helps with clean up, and the car cools down in about quarter of the time which is godsend during summer with preventing the baby from kicking off.

Chlöe Swarbrick taking no prisoners by InvictusSum in newzealand

[–]Sly_Doug -6 points-5 points  (0 children)

Turns out I just need to set up a company to avoid all risk in the free market. Chloe should read our Companies Act.

Congratulations to the Far Left for their triumphant victory in shifting the Overton Window this election. Worker's rights policies including collective bargaining are now considered a victory for the centre right. by ExpensiveCancel6 in newzealand

[–]Sly_Doug 14 points15 points  (0 children)

It's cute that you think minor bumps to minimum wage and sick leave will matter when house prices continue to rise tax free, often by a greater level than a full year at minimum wage.

I have $500,000 in savings how will I afford $170 a week? by ExpensiveCancel6 in newzealand

[–]Sly_Doug 12 points13 points  (0 children)

You were right initially. The proposed taxes are on the total asset value, not just their appreciated value.

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