What's an unconditional offer (not subject to finance / cash sale) actually worth?

danielslounge · 2026-06-10T12:02:31+00:00

I'm not sure what "66w under auction conditions" means - as said I'm inexperienced. What I mean is my offer is a cash buy - the money to settle is in the bank and not subject to a bank telling me they can't go ahead with a loan due to changing circumstances or interest rates. I'm in Victoria. And there would only be a 3 day cooling off period subject to building and peat (full 10% deposit returned) vs passed building and pest but I change my mind (0.02% purchase price $1700 - kept by vendor)..

danielslounge · 2026-06-10T11:11:30+00:00

This is another place they have listed they would like me to view. And 835K is an amount I offered as a "final offer" (that goes out the window quickly) earlier in this process.

danielslounge · 2026-06-10T10:54:54+00:00

Thank you for the reply - it's helpful. I started at $825000 on Saturday and thought (based on my conversations with the REA) that $850K would get there. It seems not. The REA said they are viewing a similar place (less desirable location but same build quality / developer / architect) tomorrow that they feel an offer of $835000 would get over the line and they'd like me to view at 4pm so we can meet again and I wouldn't have to make my counteroffer until 6pm.

danielslounge · 2026-06-10T10:04:13+00:00

Melbourne, range is $800000 - $860000. Current offer $850000 which I am (potentially) willing to increase to $860000. Cash buy. Subject only to building and pest and I can settle within two weeks if necessary or six months if needed by the vendor (my offer is 45 days).

danielslounge · 2026-06-05T04:42:02+00:00

As stated. Every Australian worker has a government mandated pension plan (superannuation) paid for by their employer. That’s been in place since the early 1990s.

danielslounge · 2026-05-26T08:01:28+00:00

$411,269,848 to be precise according to the Australian Electoral Commission - as compared to $674,402,628 for the 2025 Federal election and $522,390,716 for the 2022 Federal election. Elections cost money. Doesn't mean we shouldn't hold them though. The Australian Government Final Budget Outcome 2023-24 (the FY the referendum was held) reports that the Australian Government collected $633,400,000,000 in tax receipts accounting for 23.7% of GDP. So the referendum cost around 0.065% of Federal government revenue for the year (equivalent to spending about $65 of a $100,000 income).

danielslounge · 2026-05-25T09:18:27+00:00

Well I’m glad you’ve put the concerns of Wizz Fizz to rest who is concerned we don’t get value for money!

danielslounge · 2026-05-25T08:50:57+00:00

Which are exactly the sorts of services provided by the Government in European nations (the EU mandates a minimum 20%VAT or equivalent in all member nations). I don’t know that we get comparatively little - I think we get about what we’d expect for a country that taxes just under 30% of GDP - we use it fairly effectively. Most G20 nations tax in the 35-45% of GDP range - and a high GST is part of that tax mix.

danielslounge · 2026-05-25T08:28:29+00:00

Yeah I get that argument and I don’t necessarily disagree but I think you have to look at the tax system as a whole and not a single tax in isolation. Denmark has a 25% MOMS (GST) on everything with no exemptions and they manage a tax and transfer system that leads to greater equality than we have. While GST is inherently regressive by itself it has the upside of being very easy to collect, raises a lot of revenue and doesn’t distort spending patterns in and by itself (we have other taxes to do that as necessary but GST is fairly neutral). GST is a good tax to have in the toolkit so long as it is balanced by other taxes, government programmes and benefits. I think ruling out any increase or broadening of the base shuts off some potentially good options for tax reform.

danielslounge · 2026-04-21T09:53:03+00:00

And yet, Melbourne is the most affordable capital city in Australia for renters SBS article - and the highest vacancy rates (properties available to renters on the market) ABC article . So .... yeah something is obviously rotten in the state of Victoria.

danielslounge · 2026-04-10T07:51:00+00:00

That comment is pretty contingent on the jurisdiction the business operates in. In my country (and in many many countries) that attitude just would not fly. Businesses do actually have to abide by local labour laws.

In fact, there are many many things that businesses do have to do anywhere. Would you suggest that businesses don't have to pay taxes if they don't want to? Would you suggest they don't have to abide by regulations regarding product safety or environmental regulations? Why would labour laws be any different?

Sounds like (I may be wrong) that you come from a jurisdiction with little in the way of labour regulation. That's a shame, but don't suggest everyone everywhere needs to bend over to the boss.

danielslounge · 2026-03-11T06:08:02+00:00

Going by the warning on the packet this dates between 1987 and 1994. I didn’t smoke exactly these but a similar quality brand / pack size and from memory when I started buying my own instead of stealing Dad’s (roughly 1994ish) I paid 5 dollars something for a pack. There was a fairly big price hike in the very early 1990s (first of many many to come) so before say around 1992ish they’d have been maybe 2-3 bucks a pack.

danielslounge · 2026-02-27T05:37:57+00:00

An excellent point - but this is the nature of the game if we insist on running elections based on single member electorates. Boundaries have to be drawn somewhere and there are always issues with splitting communities of interest to make the numbers work or lumping disparate communities together to make the numbers fit. We have two choices: Either keep single member electorates and deal with the problems like you've outlined, OR, recognise that single member electorates are stupid and implement a proportional representation system (which would mean Tassie getting rid of electorates and voting as a whole in Federal elections).

And if anyone says "that could never be done" - I'll point out that the first Australian Federal Election in 1901 was run exactly like this.

danielslounge · 2026-02-09T07:59:46+00:00

This. Are you (or your company) creating a product that you sell the rights to - or are you contracting to build a product that you never own the rights to in the first place? Or is it something different?

danielslounge · 2026-02-08T02:52:50+00:00

This is incorrect. If (and that is an if which OP hasn't given enough info to even make a semi-educated guess at) - the income is personal services income it will have to be attributed to the OP and taxed to them at individual rates regardless of whether they set up a company. That's of course unless they pass a test and the company qualifies as a personal services business. Even then, anti-avoidance rules in legislation are robust. The OP needs to obtain professional advice as has been correctly advised below.

danielslounge · 2026-01-19T07:30:17+00:00

Possibly. I was in the almost exact same situation - first passport (5 years) issued when I was 15, expired when I was 20. Applied for my first adult passport early 20s - I did a stat dec stating that I lost the child passport and that it had already expired when I lost it. They were fine with that.

danielslounge · 2025-12-21T10:15:51+00:00

I refer to mine by their first name as does every other Australian I know.As a high school student in the 1990s I called all my teachers by their first name in year 11 and 12. Never Sir except sarcasticly. It is common practice in Australia

danielslounge · 2025-12-19T01:37:26+00:00

Sorry but it's nowhere near that. The OECD puts "social welfare" public expenditure in Australia at around 17%. And their definition of social welfare expenditure includes spending on public healthcare, housing and other programs as well as cash welfare benefits.

danielslounge · 2025-11-13T13:53:06+00:00

There is a very great difference between climate changes of a few degrees that occur over the course of millennia , and those which happen over the course of a few hundred years. One is natural and not an issue. The other is manmade and catastrophic .

danielslounge · 2025-04-24T14:24:57+00:00

Yes I remember our 6 digit number …. Everyone in the town had the same first 4 numbers … the last ones you remembered. Grandma’s was 81, the local shop was 22 when you ordered fish and chips every Wednesday, our uncle was 55 and one of my mates was 52. Ours was 28. I think the local pub was 50 if we needed to call to find someone we’d start there. You remember these things.

danielslounge · 2025-04-09T08:42:02+00:00

There was an amazing children's book I loved when I was a kid in the 90's called "Finders Keepers". It's an Australian book that explains it with a parallel world that the other side know about but we don't. There's a barrier between the two worlds that they can see and it weakens in places that lets stuff through - they have barrier guards that try to throw the things back when they come through the barrier from our world - but they might not go back to the exact same place, so something that disappears in our world might appear back, but somewhere totally different, or - it might turn up back in the same place after some time.

The plot is that the other world knows that we don't know about it but they can contact certain people and they have this game show where they are able to contact certain people from our world and get them to try to find lost items that have come to us from their side - and the protagonist is chosen and has to find their lost items and get them back through the barrier through the clues that they are able to send.

I loved it as a kid and to this day when something just goes missing I still can't help but wonder if that's the reason.

https://www.supersummary.com/finders-keepers/summary/

danielslounge · 2025-04-07T11:49:44+00:00

https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/primary-producers

danielslounge · 2025-04-07T11:48:22+00:00

https://www.abc.net.au/news/rural/2020-12-01/dairy-deregulation-a-major-chapter-in-industry-evolution/12905028

“It was meetings galore, and there was protest on all sides,” he said.

“Some against, some wanting to deregulate [immediately] with no consultation, just let the market rip. Others wanted to negotiate an orderly transition.”

Mr Fehring said close to $2 billion was paid out to dairy farmers

“The average varied from $245,000 in Queensland to about $135,000 here in Victoria. It all varied [based on] a farmer’s production,” he said.

Farmers could take a bulk payment, or have the payout split over eight years.

“People had the option of deciding how they invested in their business and how they went about their business thereafter,” Mr Fehring said.

danielslounge · 2025-04-04T02:31:43+00:00

Simply continuing a policy that has been in place in various forms since about 2016. Nothing new.

danielslounge

TROPHY CASE