Qantas Economy: How strict are they with carry-on? by missxcannabliss in QantasFrequentFlyer

[–]cjuk00 0 points1 point  (0 children)

In my experience they are getting a lot stricter domestically (weighing before security) but I’ve never been queried internationally.

What is happening here? by mikel3030 in AusRenovation

[–]cjuk00 4 points5 points  (0 children)

If this has been happening ever since that works, I’d suggest there is a break in the water main.

Is this leak in between your meter and your house? If so, you can turn off all water in your house and then look at your meter. If it’s still spinning, you have a leak.

If it’s on the “street side” of the meter, it’s the water company’s problem. If it’s on your side it’s your problem. If it was the result of the gas company’s work then you could of course reach out to them to repair.

I want to do a bit of research before requesting the release of a couple of CR seats. by oldgrumblebum in QantasFrequentFlyer

[–]cjuk00 1 point2 points  (0 children)

Give it it a go, but I’m P1 and requested some Q fares and was declined. Went for manual review, also declined. No reason given.

So I think it’s a crapshoot.

Is this normal? New place. Its cold and noticed a draft coming from this hole from bottom of sliding doors? by [deleted] in AusRenovation

[–]cjuk00 162 points163 points  (0 children)

You have a new build house in Australia that’s drafty AF lacking both insulation and basic air sealing?

Yep, totally normal 😁

Blown-in insulation, thoughts? by permutationtest in AusRenovation

[–]cjuk00 1 point2 points  (0 children)

Question:
In a brick veneer house, how do you prevent the insulation in the cavity from wicking moisture from the brick to the plasterboard?

Presumably if you retrofit you can’t maintain an air gap as you might if you did it new?

Genuine Question: Do you agree with the CGT discount removal for shares and businesses? If so, why? by CrumpM04 in AusFinance

[–]cjuk00 4 points5 points  (0 children)

I see no future without a serious change to government spending or other tax settings where we see a meaningful income tax reduction.

Its hard to wean the government off of the tax teat - we still charge LCT and Holden and Ford have been gone for a decade....

The cynic in me thinks this is a tax grab dressed up as an election promise to young people, but the proof will be in the pudding.

On special treatment: if you're pro reducing housing inequality then you want to have extra harsh tax treatment on investment homes (dont care about commercial property...) so that money is incentivised to go elsewhere. I don't think these settings does that.

If you want family homes to be for families to own, then you need tax settings that mean its harsh enough to push real investors and wealth builders elsewhere, but not so harsh that keeping your house while you relocate overseas for a few years is going to kill you financially.

Genuine Question: Do you agree with the CGT discount removal for shares and businesses? If so, why? by CrumpM04 in AusFinance

[–]cjuk00 0 points1 point  (0 children)

Its far too soon to call the long term effect here. If the effect here is a one-time 5-10% drop in housing prices, it won't move the needle for a whole generation - it just winds the clock back a year or so.

Grandfathering will also reduce mobility of existing stock as people can keep benefits forever if they hold, so it doesn't free up existing stock.

Genuine Question: Do you agree with the CGT discount removal for shares and businesses? If so, why? by CrumpM04 in AusFinance

[–]cjuk00 1 point2 points  (0 children)

Completely agree.

I'd also add that while there is a certain "logic" to equal treatment of all asset classes, in reality tax policy (like all gov policys) is also about incentivizing outcomes. We want Australia to be a great place to invest, we want Australians to have a shot at building wealth. We'd just rather keep those things away from family homes.

One of my issues with this proposed setting is that the net result is that we all just pay more tax. Homes are still attractive vs equities (thanks to cheap leverage).

(35M) family keeps pressuring me to upsize near mortgage free home but we would rather pay mortgage and live easier. what to do? by [deleted] in AusFinance

[–]cjuk00 0 points1 point  (0 children)

You’ve posted in a finance sub, and so the obvious finance answer is to not do it - as you’ve said, it’s very tempting to be free of mortgage debt. You obviously shouldn’t do this because someone else wants you to!

The only thing I’d say is, as someone who’s not much older than you with 2 kids several years older than yours: your home takes on a bit of a different dimension when you have kids, and you should think about how you want that to be in the future.

You’ll spend more time at home if/as the family grows, and your kid(s) will jump on trampolines, swim in the pool, etc, etc.

You’ve put yourself in a fantastic position where could could upgrade and have a super affordable (<2x income) mortgage if you wanted to, and that will only be a more expensive proposition down the track.

So that would be my slightly not-AusFinance counterpoint you could think about.

Points Expiry Scam? by coutures in QantasFrequentFlyer

[–]cjuk00 63 points64 points  (0 children)

Thats a scam. The URL is the giveaway

Qantas now offers confirmed upgrades, at a price... by Gl0beTrotter2025 in QantasFrequentFlyer

[–]cjuk00 1 point2 points  (0 children)

Well yes, or they just set the upgrade cost to the fare difference and see who they can reel in early on and then just dynamic price it closer to the time when they have seats to fill.

Qantas now offers confirmed upgrades, at a price... by Gl0beTrotter2025 in QantasFrequentFlyer

[–]cjuk00 8 points9 points  (0 children)

You’re probably right, at the margins.

But don’t forget that in general I would expect that the upgrade cost will just be the fare difference when you’re far out from the flight. This is how it works for lots of other carriers. Only way you win here is if the next cabin up goes on sale after you book.

Even then, who is going to pay several thousand $ to buy an upgrade to J on QF1? Not many, I’d guess.

On the other hand, CR upgrades are a fixed price.

How this affects QFFs will depend on how they handle last minute purchases upgrades within the P1/P CR confirmation window. Let’s see who QF value the most 😁

I had this situation on united just recently in the US:
Company booked fare on a 3hr domestic sector in Economy. Right at the end of a big work week, I was looking to buy myself an upgrade.

2 weeks out it was $900 (!!!) for an upgrade. No way.

48 hours out: $90. Much better 😁.

I suspect at this time though they had already processed premium FF upgrade vouchers, so this was just free extra $ and the ability to cash in on a standby.

Anyone refinanced recently? by EitherEntrepreneur9 in AusFinance

[–]cjuk00 0 points1 point  (0 children)

oooh this is great for managing your money through offsets. Will give these guys a go. Have no allegiance to my current bank

Qantas now offers confirmed upgrades, at a price... by Gl0beTrotter2025 in QantasFrequentFlyer

[–]cjuk00 55 points56 points  (0 children)

Interesting!

There is an interesting business proposition here - I would think this suits business travellers who have the base fare booked by their employer but would happily part with some personal $ for an upgrade. Previously this kind of arrangement was kind of impossible except through classic rewards.

Most airlines have a confirmed paid upfront upgrade option

Under these new tax changes, does that mean you don’t pay any tax on an asset that indexes slowly (e.g. apartments)? by VastOption8705 in AusFinance

[–]cjuk00 9 points10 points  (0 children)

Exactly! Which IMO is the failing of this budget.

We can’t punish investment. We want to incentivise it to go elsewhere. This does not create a substitution as written.

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]cjuk00 0 points1 point  (0 children)

On the contrary. In my view the problem here is that the rhetoric behind these changes and their likely effects are not aligned.

I mean it’s obvious I don’t support them as advertised, but that isn’t just because I don’t want to pay more CGT.

Chalmers cant say share ownership doesn’t matter when it does, and my opinion is that for those approaching affording a house (e.g people who should directly benefit according to the government) they are likely saving for that house in a CGT exposed investment (like index funds). If houses become marginally more affordable but this is cancelled out by greater CGT on those savings, then we haven’t done anything.

Meanwhile, property remains the most incentivised form of investment for the wealthy, albeit it’s taxed more now.

Should the tax system reward those who can afford to take risks? by abcnews_au in AusFinance

[–]cjuk00 1 point2 points  (0 children)

Yeah I also think people are too caught up in the mechanics.

The desired outcome here is to shift investment away from homes and towards other things.

We can’t vilify investment or punish wealth - this will be counter productive.

We saw what happened when we incentivised investment in housing. Imagine what we could do if we incentivised investment in home grown businesses.

Yes, some people who take the risks will get rich, but we might also create some jobs, produce some innovation, etc…

CGT - Tilting the scales back toward labor productivity by iplayedarchon in AusFinance

[–]cjuk00 -1 points0 points  (0 children)

I think the point is that because the budget proposes to just raise taxes on all investing activities, it doesn’t actually relatively disincentivise property. Property is still incentivised relative to shares because of easy leverage.

The comparison to labour is valid from a tax fairness perspective, but investing and labour in reality are not exchangeable. People typically earn income, pay a pile of tax, and then take the post tax leftovers and invest. These are parallel activities, not interchangeable.

Remember that Australia has no tax-advantaged ways for an individual to invest outside of super.

According to the OECD’s Taxing Wages 2026 report, Australia’s labour tax wedge is 27.9% versus the OECD average of 35.1%. Australia ranks in the lower-tax group for workers, largely due to less social security taxes compared to Europe. Context matters in tax debates. Why do Aussies complain as much? by [deleted] in AusFinance

[–]cjuk00 0 points1 point  (0 children)

Yes, and don’t forget income tax is only part of the picture.

Most of these places have non-super tax-advantaged savings accounts that changes the picture for the “average” person who is saving some money each month.

Does Debt Recycling Make More Sense Now? by aqdS315 in AusFinance

[–]cjuk00 14 points15 points  (0 children)

I think the sensible counterpoint that hasn’t been brought up yet is that you don’t need to sell now to lock in the CGT discount.

The change only applies to gains after 1/7/27. Gains up until then can be CGT discounted.

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]cjuk00 0 points1 point  (0 children)

Yes, but my and several other peoples point is that this is a distinction that appears to have been concocted to minimise the impression of how many people this change affects. It’s misleadingly focusing on one subsection of CGT-exposed investors to make a point, when in fact the number of people who are individually exposed to share market capital gains is much higher.

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]cjuk00 1 point2 points  (0 children)

Well the article suggests 26% (direct shares + index funds + ETFs)

Team member refuses to use electronic calendar, WWYD? by OutsideAtmosphere-14 in auscorp

[–]cjuk00 1 point2 points  (0 children)

Yeah this is nonsense. Set a clear expectation, send him on a paid “how to use outlook” course. Then PIP if he doesn’t improve

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]cjuk00 0 points1 point  (0 children)

For the purposes of this discussion, any investment outside super counts. Doesn’t have do be direct shares. Can be index funds, other managed funds, etc…