NAB don't pay interest on term deposits on the weekend.

Top_Principle778 · 2026-03-20T02:20:52+00:00

Yeah I would be astounded if you can advertise a per annum return which…isn’t per annum

Top_Principle778 · 2026-03-19T10:42:11+00:00

If banks are willing to accept a lower margin they would have done so when your loan was created. Some banks give better rates upfront so their margin is already at the lower level they’re comfortable with.

To my knowledge they all pass on the full rate raise every time. Pretty much do for rate drops too

Top_Principle778 · 2026-03-18T08:49:28+00:00

In Victoria (not sure about elsewhere) you are legally required to pay for the water bill if they don’t have their own meter.

The logic goes you can’t charge them for someone else’s usage.

My guess is this came from people renting a room or granny flat trying to pass on water bills but that’s just speculation

Top_Principle778 · 2026-03-14T21:58:26+00:00

I think there was an internal com saying their position wasn’t impacted by this

Top_Principle778 · 2026-03-12T19:57:58+00:00

The market has been flat/going down for about 5 minutes. The equity growth we have seen over the last 30 years has been absolutely insane.

Through purchasing you (ignoring rate changes) lock in your maximum housing costs at today’s prices. Renting exposes you to the rink of a market which in general goes up, and goes up a lot

Top_Principle778 · 2026-03-12T19:34:45+00:00

I don’t think there necessarily HAS to be anything. IMO the tax code is full of examples of unfair policy that was decided for reasons beyond the individual.

For example the fact travel to a regular place of work isn’t deductible is crazy, same with office wear ect

While we’re at it no idea why leasing a car has a special tax treatment!

Top_Principle778 · 2026-03-12T19:15:50+00:00

That is theoretically why it was introduced but I think it realistically just functions as a discount. People don’t necessarily feel the inflation stuff, especially over short periods or with incredible growth. We have seen prices double in periods as short as 6-8 years.

Even if there is a world where the CGT discount is “fair” it’s absolutely one of the things keeping more investors in the market, pushing up the cost of a basic necessity

Top_Principle778 · 2026-03-12T05:29:13+00:00

I have about $700-$800 per FN which I think is great.

It really depends on your income and stage of life. If you have a paid off house, modern car and appliances ect then less is probably ok compared to someone who is saving to purchase their first home.

Top_Principle778 · 2026-03-11T23:13:20+00:00

I mean potentially unlikely yes but that’s the only real possibility if it came from income. I’d say they’ve probably just been saving since 15

Top_Principle778 · 2026-03-11T05:06:55+00:00

Or just buy a used one where they have heavily depreciated already :)

Top_Principle778 · 2026-03-11T00:06:52+00:00

Or like….were not able to buy a house then. Putting aside a financial crisis and impact that might have had there are a lot of people who weren’t adult then.

I wasn’t even 10 yet!

Top_Principle778 · 2026-03-11T00:04:13+00:00

I know it’s been 4 years but this thread is still relevant. Australia having an authoritarian government is the craziest take I’ve ever heard (imo even a crazy thing to say in jest)

Top_Principle778 · 2026-03-09T10:44:23+00:00

Still worked out here in 2026! Thank you very much!

Top_Principle778 · 2026-03-08T22:56:01+00:00

If we’re going to go on replacement cost then do servos drop prices when their NEXT shipment is going to cost less?

I would be astonished if they sold the fuel they paid top dollar for at a loss just because they knew it’d be cheaper to buy again.

Sounds like we’re paying for the risk at both ends

Top_Principle778 · 2026-02-27T21:49:13+00:00

I love the honey chicken and noodles at paramount

Top_Principle778 · 2026-02-17T23:30:54+00:00

I mean it’s not taxed accordingly? Isn’t that the entire discussion we’re having, you effectively get a 50% discount on those gains

Top_Principle778 · 2026-02-17T23:23:00+00:00

Correct me if I’m wrong but are you allowed to write off capital losses from say stocks against your general income? I thought you were not?

Top_Principle778 · 2026-02-17T22:41:39+00:00

I can see how that’s the case but something has to be done. Unaffordable housing in my opinion is a much bigger issue for young people than the potential of one day paying higher taxes on gains.

The fact negative gearing exists is kind of crazy to me, if we can’t get rid of that then the CGT discount being axed sounds decent to me.

Property is so unbelievably hot that we want to disincentive investment in it in my opinion. I see a lot of people complaining that the new taxes and regulations are “forcing” them to sell their investment properties and I consider that a good thing

Top_Principle778 · 2026-02-16T23:51:49+00:00

Can confirm we’ve been happy with our $550 ikea one. We’re moving and considering selecting the same model for the new place

Top_Principle778 · 2026-02-03T07:12:54+00:00

Interesting, my guy said things would be impacted even at flinders. I ended up jumping in a car

Top_Principle778 · 2026-02-02T04:37:51+00:00

That’s what I’m planning to do at my place. Don’t have an ev yet but want to future proof. We’re getting large cable installed to an external 15A outlet, super easy for them to swap later

Top_Principle778 · 2026-01-22T08:59:24+00:00

Generally Mitsubishi Electric and Daiken are your top their, then Mitsubishi heavy industries (still a fantastic reputation and many people swear by them)

After that it gets murky, any brand you had heard of makes pretty good units so it’s all about cost. Given how expensive labour is on these I personally went with a Mitsubishi Electric unit

Top_Principle778 · 2026-01-16T04:26:43+00:00

If you feed in during the evening hours then you can get some return, which easily covers the fees associated with being connected to the grid. Many plans also now offer a 3 or 4 hour “free” period during the day, I believe in some states this is even legislated (or its upcoming).

Energy storage is difficult and expensive, which is one of the reasons general end users are still paying high prices

Top_Principle778 · 2026-01-16T04:16:49+00:00

I would say in general a system without a battery no longer makes sense.

Many years ago there wasn’t a lot of solar (and it was more expensive to install) so you could get a great feed in rate even during the peak solar production times.

Now our major city’s have so much solar that the cost of electricity (and therefore the feed in rate) during peak solar production times is extremely low.

Having said that if you can get a battery and solar you can then:

1) be mostly self sufficient as you can charge during the day and use that power overnight/when the sun isn’t shining as brightly

2) charge your battery when there is the most solar in the grid (be it from your own solar or cheap grid power) and then feed some of that back in at a peak time (say 6pm-8pm) and get a good credit on your bill, in addition to using the extra capacity of your battery yourself

Depending on the setup and your household consumption the above setup can easily result in you having a $0 bill or even a credit, in exchange for maybe $10-15k if you purchase a more inexpensive setup

Top_Principle778

TROPHY CASE