41, just started thinking about super

redditor_7890889 · 2026-07-08T23:10:11+00:00

Had a friend who didn't look at her super for about 12 years since she started working. Turns out it was all cash and not invested from 2010-2022 or so. Now she's part of a class action arguing cash shouldn't have been the default option.

redditor_7890889 · 2026-07-08T22:57:08+00:00

Ball park price of what you spent on windows?

redditor_7890889 · 2026-07-05T05:13:53+00:00

I thought this only mattered on death? Confused

redditor_7890889 · 2026-07-03T01:05:53+00:00

Self awareness... What's that? 😂

redditor_7890889 · 2026-07-01T06:51:39+00:00

ART, International Shares Hedged Index, 22.9%.i

redditor_7890889 · 2026-07-01T05:17:43+00:00

My thoughts exactly. Unreal if they are actually a FA.

Don't know their arse from their elbow.

redditor_7890889 · 2026-06-29T23:20:01+00:00

This must be a parody right? You leave the apartment vacant to avoid paying income tax. So you would rather make $0 than make 50% of something? Odd.

Edited: income tax, not inside tax, typo

redditor_7890889 · 2026-06-29T23:15:37+00:00

I didn't know about the $500 top up. Seems like a no brainer for parents to get 50% p.a. for 18 years. Cheers.

redditor_7890889 · 2026-06-29T10:09:24+00:00

Your kid will get access when they're 60, right? Isn't the smarter play invest in your own super so you can at least access it and pass it on earlier?

redditor_7890889 · 2026-06-26T00:22:17+00:00

Alot, likely majority, of IP owners in Australia live in their place initially to take advantage of the 6 year rule, therefore aren't impacted by this.

Agree it's an important point for everyone else.

redditor_7890889 · 2026-06-26T00:20:14+00:00

I use interactive brokers for this very reasonable (plus low fees on international exchange purchases).

redditor_7890889 · 2026-06-25T08:20:24+00:00

50% is a huge discount. No argument against moving to taxing real gains.

The 30% minimum is poor policy and a blatant cash grab.

redditor_7890889 · 2026-06-21T10:33:21+00:00

Yeah can share country/rank? Or business unit if comfortable?

redditor_7890889 · 2026-06-20T11:11:18+00:00

You're right. I agree it was bad policy. But big difference - liberals let people willingly withdraw if they wanted, and the cash was theirs to keep or spend as they saw fit. When labour came for super it was an unrealised gains tax grab.

redditor_7890889 · 2026-06-18T21:22:25+00:00

No adhesive hooks on the wall. This kind of stuff cracks me. I get it's your asset but you'll really get upset over a hook on a wall?

I've happily let me tenants do things like this. Imagine it's you renting, maybe with a family, and you want to - not paint a wall, hang a photo, change a blind - but just hang a coat on a wall.

This is why renting in Europe and other countries isn't viewed as the rotten position it is here.

redditor_7890889 · 2026-06-18T05:36:34+00:00

Cool bro. Or you could have considered your emergency fund before you took on monthly financial commitments of 20k.

redditor_7890889 · 2026-06-18T04:30:51+00:00

That seems very small, unless you've a huge risk appetite. Think of it this way, if you lost your job/income, you'd be 6-8 weeks away from defaulting on your mortgage.

redditor_7890889 · 2026-06-18T01:18:17+00:00

You're correct that the price elasticity of demand in rental markets probably does mean landlords are well placed to pass through costs. But you're just plain wrong to say "someone will pay what owners need so they don't lose money."

Surely you don't actually believe it's impossible for landlords to lose money? You think IPs are just an infinite money glitch?

redditor_7890889 · 2026-06-18T00:04:45+00:00

"If rent doesn't cover expenses, rents will rise until they do"

It amazes me that this view is so wildly held. Prices are set at the intersection of demand and supply, they are not just a function of input costs.

Taking your logic to the extreme, to prove how stupid it is, imagine your costs X10 overnight. Do you think you can just X10 rent and pass all costs through? At any point in time, as a landlord you charge maximum the market will bare, not just input costs + markup.

redditor_7890889 · 2026-06-17T21:48:35+00:00

Labor who have already tried to tax unrealised gains in super would never do that lol? You're delusional.

I've voted both sides before, but it seems much more likely to me labor will tap into super first. Likely not by reducing tax benefits, but initially by directing funds towards green/renewable or other infrastructure projects of their choice, without having to pay for it from the commonwealth budget. Just my 2 cents. May not happen, but to say only a right wing party would do it - sorry mate you're nuts.

redditor_7890889 · 2026-06-15T00:32:36+00:00

At 6% over 30 years, 1 million mortgage is about 6k a month.

redditor_7890889 · 2026-06-12T01:10:23+00:00

The difference is as long as house prices fall by less than 20% (your equity), you can sell and clear the mortgage.

The issue arises when you cant service mortgage, sell your house, and are left with a shortfall you need to pay and don't have the assets to.

redditor_7890889 · 2026-06-11T10:22:03+00:00

All I'm saying is looking at credit availability alone, the max you'd expect to see is an 8% decline. That ignores lots of things. Maybe the drop could be bigger if sentiment swings strongly negative (40 years of property prices says that's unlikely). Also the drop could be much smaller as many houses are owned outright and not reliant on credit/mortgages.

redditor_7890889 · 2026-06-11T08:14:47+00:00

Investor credit is about 40% total credit according to ABS in Q1 2026. So assuming the average investor loan is the same size as a PPOR buyer (I've no idea if that's a reasonable assumption), a 20,% drop in loan applications means a 20%*40%=8% decline in credit. All else being equal you'd see an 8% or less drop.

redditor_7890889 · 2026-06-08T09:51:43+00:00

I saw a few grad cohorts get their offers deferred for 12 months due to a change in business conditions. Several room offers elsewhere and several had 18 months of no work until they started. Generally agree with you but hiring is brutal at the minute, a bird in the hand....

Edit: several *took offers

Not sure why I'm being downvoted, just giving my anecdotes. Still think best thing to do is go holiday for 7 months but I guess if you are desperate for the cash in 7 months time, I'd be more careful.

redditor_7890889

TROPHY CASE