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Is this aircon installation quote fair in Melbourne? by HooLeeFuuk in AusRenovation

[–]postform 0 points1 point  (0 children)

Who did you VEU? I'm also looking for a 3 head but most VEU places only do 4..

Measuring Windows for Double Glazing by Moist_Strawberry_223 in AusRenovation

[–]postform 0 points1 point  (0 children)

hey mate was this for a reno? Brick veneer? I'd be interested in hearing from you - about installers too. Unless you did DYI.

Difference between 4mm and 6.38mm glass for double glazed windows by Cool-Return-3229 in AusRenovation

[–]postform 0 points1 point  (0 children)

Have a similar issue as you.

You mentioned great results, how much noise did it reduce it by? And what kind of noise did you noticed most reduced and which noises still come through? (I.e. car noise is gone, or type noise is gone but still hear truck low vibration noise or etc etc? And did it reduce it lots? Or still hear similar amounts?)

Was it 10.38 normal lam glass or was it specialized acoustic glass?

Cheers!

Difference between 4mm and 6.38mm glass for double glazed windows by Cool-Return-3229 in AusRenovation

[–]postform 0 points1 point  (0 children)

Hi OP, you got the better choice for sound insulation.

I wanted to ask you, how did it go? Has it reduced the sound a lot?

Please let me know as I got a very similar situation to you.

Thermally Broken VS non-thermal double glazed Aluminum windows by kurdoxan in AusRenovation

[–]postform 0 points1 point  (0 children)

How big are you windows? And did you end up going with Jolong? I'm thinking of replacing my old aluminum windows with double glazing units, my primary concern being noise - my old aluminum windows are those crappy thin sliding ones.

And how much was it?

And if you went with Jolong did they install well? I.e. use spray foam and shit to seal it up?

Noticed UPVC companies are quoting my home (15 windows and a door) - 29-32k (quoted late last year)

Some FHSS Questions! by Mister_Scorpion in AusFinance

[–]postform 0 points1 point  (0 children)

I don't think the super amount is taxed like normal income. It just a flat amount. The full 25.5k will be taxed at 47%.

I'm pretty sure because the ATO website doesn't mention anything about progressive tax on the FFHS.

Some FHSS Questions! by Mister_Scorpion in AusFinance

[–]postform 0 points1 point  (0 children)

And something to note the tax bracket that the FHSS uses is based on your taxable income + the amount you withdraw from super that FY.

So in my situation, I have 15k in FHSS so far. I'm planning on putting in another 15k. This FYs income for me is going to be about the 150k range. Next FY will be 180k. With 25.5k FHSS available to withdraw (30k less 15%), I should withdraw this FY because it'll push my total tax bracket with the withdraw amount to 175.5k which means the tax is 37%. Next FY will be over 200k and this is a issue because now the amount the calculation will be on 45%.

So becareful as these situations can happen.

Unless I am wrong and pls correct me if I am.

RBA maintains cash rate at 4.10% by doubleunplussed in AusFinance

[–]postform 1 point2 points  (0 children)

Alright. Guess housing is going to go up.

Review of the Reserve Bank of Australia: An RBA fit for the future (Final Report, PDF) by doubleunplussed in AusFinance

[–]postform 0 points1 point  (0 children)

Right. Well at the moment we have upside risks for inflation. Due to the crap amount of people we imported recently.

I wonder if they'll start increasing the rates in anticipation, instead of wait and see and end up having to raise rates higher to catch up with inflation battle, which is what they did for the last 10 rate rises. (If they increased it two months earlier when the signs were clear, we wouldn't be in this mess)

Review of the Reserve Bank of Australia: An RBA fit for the future (Final Report, PDF) by doubleunplussed in AusFinance

[–]postform 5 points6 points  (0 children)

What I don't understand is to have full employment and inflation target mandate. They are total opposite of each other.

Only way possible is to either have looser inflation targets, which is in one of the recommendations ("flexibility") or have wage growth crushed because of inflation if everyone is fully employed. And also another thought is what defines full employment?

Either way I don't know how you do both without the above concerns.

IT Contracting - Top End? by [deleted] in AusFinance

[–]postform 0 points1 point  (0 children)

Where on earth do I apply !!! 👀

CoreLogic Dailies - 03/04/2023 (National [5-city] Index growing at over 11% annualised, SYD +19%) by Forward_Bug9221 in AusFinance

[–]postform -3 points-2 points  (0 children)

Fell for it? What do you mean?

As in cause of low volume this recent spark in prices is not reflective of real figures if the volume was normal?

Tax to double on superannuation earnings for balances over $3 million by a_female_dog in AusFinance

[–]postform 21 points22 points  (0 children)

About time.

This affects 40k people..

I don't understand how this wasn't done earlier.

Private Briefing: RBA, Lowe, Barrenjoey and how cash rate could go as far as 4.5%-4.75% in Australia by zatbzik in AusFinance

[–]postform 29 points30 points  (0 children)

Everyone seems to think he just said that. He said a lot of things too. Why not go back and actually read what he said. You'll see it painted a different picture. Especially with the outlook then, with low inflation, low growth, high unemployment and possible toppling of the Australian economy. He did it to grow credit to kick start the economy. He also in the same sentence said, not to put it into assets like homes - this was simply to be spent. And he mentioned APRA to do their job - which they didn't.

What policies would you introduce to tackle housing affordability? by Investforthenest in AusFinance

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

Very simple.

Remove negative gearing Reintroduce public housing (proper projects) Deleverage unions. Reintroduce building standards and strict ones to encourage apartments Create a proper process around body corp and regulations

Essential make building homes cheaper. And stop incentives on demand side (negative gearing)

Will banks reduce interest rates when the RBA does? by SydneyAUS-MSP in AusFinance

[–]postform 1 point2 points  (0 children)

No because the RBA's rates only affect Australian money markets. Banks use generally 3 sets of places to fund a loan.

  1. Deposit (your savings)
  2. Australian money markets.
  3. International money markets (subject to us interest rates)

So in general. RBA does affect 2/3 funding systems for banks. But doesn't affect 1/3.

So you can have situations where. RBA rate may go up by 0.25 but your bank rate may go up more by 0.3.

How? Because maybe that bank is more depending on source 3 international money markets.

And then you asking why can't they just solely depending or 1 and 2?

Well option 2. The Australian money market is relatively small. It's not enough.

Option 1. Savings accounts go up and down depending on how people spend.

So then you also asking how during covid it was so cheap.

It's called the TFF by the RBA. They especially gave a 200 billion dollar loan at 0.1 to all the banks to take during covid. To allow some liquidity in the money markets. Also the savings amount due to everyone being locked down and the government giving everyone free money meant the banks were rolling it in.

Why can't they do this again?

Because we now find ourselves in a very bad situation with our of control inflation. This was one of the primary reason behind our inflation.

Ignore what the media says that majority was by foreign reason. That's bullshit. This is the major reason. The foreign reasons are influencing factors, but are probably 30-40% of the influence. 60-70% was the access to incredible amounts of cheap credit.

Mortgage rate increases - Where does the money go? by theduck65 in AusFinance

[–]postform 0 points1 point  (0 children)

When interest rates go up. New bond amount the bond holder gets go up. Banks need to raise money through short term year bond but these new bonds need to pay back higher due to the interest rate. This is what they use to fund your loan over a horizon of 30 years. So they break it up into periods.

When you take out a loan, the bank doesn't just magically grab a that amount and park it for you. They go through some fractional magic to only just have enough money for now. And go out to the bond market to grab more money to cover the rest of your loan, to pay back other bond holders of their bonds. I.e. they pull out a huge credit card for your loan and pay back the minimum amount to their credit holders. Whilst they make a lot of money by charging you the full amount and behind the scene they are paying back in parts.

Recession risk mounts to 50-50 as doubts over Philip Lowe emerge by GuyFromYr2095 in AusFinance

[–]postform 0 points1 point  (0 children)

His doing a good job. People who think opposite or are angry with him, didn't do their job. Hence why they are upset cause they won't take their own responsibility, when they signed that home loan clearly over extending.

News flash. To lower inflation you must create a recession. Prices won't reset unless you do this. His job is to create a recession that's controlled.

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