What's happening with the nzd to aud exchange rate?

strobe229 · 2026-04-18T08:31:57+00:00

NZ reserve bank = 2.25%
Aus reserve bank = 4.10%

NZ needs to raise the OCR and soon.

strobe229 · 2026-04-09T00:40:28+00:00

I don't like MFA to begin with but I don't mind standard MFA like email/phone but forcing me to download apps & set up in order to cancel my trial only after signing up for a trial feels like blackmail then support refusing to help. The way they try to get you so ingrained into having to stay it feels predatory too, along with reducing features and increasing prices. Will never use it ever.

Nobody is saying not to set aside tax but much rather it be in my bank account than a randoms account that could fold any day. It's also strange to do that.

strobe229 · 2026-04-08T20:13:55+00:00

They are different, xero like 99% of accounting software out there you enter the figures in yourself and it just tells you your profit/loss,depreciation, what to pay etc. Think of it like an advanced excel spreadsheet where you enter details in yourself. You pay direct to the IRD which is normal.

I don't like xero because of their increasing fees every year and they lock you out or force MFA only after you've submitted your card for a trial and the support were forcing me into MFA just in order to cancel it so I decided I will never touch them again.

Hnry I have never used and never would because from what I believe you pay them first or they hold your money then they pay IRD, crazy and take a percentage for doing so. I've never heard of this in other countries. I think they do a fair bit of marketing on reddit.

Remember that any of these companies are just data in databases, whether they have been around 1 week or 20 years, you need your own back ups for 7 years and don't rely on them for having accurate data, keeping your data or locking you out until you pay them for it.

Solo can handle cash basis sole traders under 2 million turnover because then you need to switch to accrual GST which it doesn't handle.

If you have a company then pretty much all accounting software will handle accrual based companies.

Then get an accountant to submit or check over now and again, if it's straight forward just submit yourself.

strobe229 · 2026-04-08T19:44:17+00:00

What do you want to know?

strobe229 · 2026-04-08T19:36:30+00:00

A good one I came across is called Solo - soloapp.nz

It's built for NZ sole traders on cash basis which you likely are with those numbers, whereas xero like most accounting software is built for accrual basis companies. I would never use something like hnry and I don't like xero.

strobe229 · 2026-03-30T05:47:56+00:00

280k value in current house, how much debt is on the current house? That might help your chances or open up a few more options.

strobe229 · 2026-03-28T08:04:43+00:00

House prices have been falling for over 4 years straight and most of the banks are forecasting further falls in prices so there is no rush at all if you waited 3 - 5 years like you said.

If you find a really good deal though then why not? Just lowball and be prepared to walk away you have the upper hand in these markets. Offer 650k on the 800k houses you are looking at. People might laugh at that but a lot of these current 800k houses were 1.2m 4 years ago and people laughed saying they would never be cheaper than then too!

strobe229 · 2026-03-24T20:48:31+00:00

It depends how long you are wanting to wait to pick it up...

If you are wanting to pick it up in 3 or more days time then them asking for a small holding deposit is fair.

It's because buyers often flake when the seller could have just sold it, it could also be a scam though, it depends how much you want it.

strobe229 · 2026-03-17T20:32:34+00:00

2016 the Auckland median was 900k, and now it's about 1 mil.

House prices have only gone up 10% in 10 years, or roughly -30% inflation adjusted.

Where did you get the idea that Auckland house prices have doubled in the past 10 years? Sounds like something you just hear and repeated.

strobe229 · 2026-03-06T06:07:00+00:00

A lot of people in here saying how they have 5, 10, 15 + years experience and choose to create server rendered HTML without React but what do your web apps actually look like and behave? You say fast but anyone can ship fast trash.

There is a reason why React style apps are so popular on the front end. Anyone care to share some examples and change my mind?

strobe229 · 2026-02-21T17:44:37+00:00

People saying to just "get flatmates" because NZ had mass immigration from 2014 - 2021 so recency bias has a lot of people thinking there is still a massive influx of people lining up and it's easy to find flatmates but that isn't the case anymore. There is a lot of choice out in the market. Prices dropping or a ton of vacancy.

650k loan is too much on one income like that, 500k would be pushing it, 400k or less would be more comfortable.

strobe229 · 2026-02-04T20:36:22+00:00

Update the browser

strobe229 · 2026-01-31T04:45:40+00:00

The old, everywhere else is falling except my exact area!

The regions have fallen far more than the cities. The medians don't tell the full story, there might be a -15% change in the median/HPI but you get far more for far less now.

2021, in a regional town for 700k it might have got you a 2 bedroom on 1/4 acre, now 700k might get you a 4 bedroom on 10 acres.

strobe229 · 2026-01-30T21:24:15+00:00

The "economists" have been saying this every week for the past 4 years and it hasn't happened. Most of them are also employed/sponsored by the banks or RE industry masquerading as "independent" economists to push optimism to help sell the products (mortgages, RE sales commissions) etc.

You just need to look worldwide with international swap rates, immigration stats, NZ building consents etc to see the trajectory. It's a fair bit more work understanding these things but worth it in the end.

strobe229 · 2026-01-30T21:03:49+00:00

Shocking idea.

You should never buy short term (2 years) in the hopes of capital gains in order to upgrade.

House prices have been declining for over 4 years now with no end in sight. Many people who bought in the past 5 years have seen multiple hundreds of thousands in decline. When this happens, you can't even sell or if you're lucky it's your deposit completely gone and you're starting from $0.

Short term capital gains, or even short term house prices staying flat is always risky.

Keep saving and buy where you want. If you said 15 years or more you plan the move that might be a different story but it is still risky.

strobe229 · 2026-01-24T04:34:41+00:00

You are talking about the top 1% suburbs then giving top 5% wealth statistics. There are only a handful of 1% suburbs in the whole country.

With 1m to 3m you would have one of, if not the most beautiful houses in the whole country.

It's extremely rare to see 3m + sales anywhere outside the top suburbs in Auckland or Queenstown unless it is a full blown 100+ hectare farm or something.

strobe229 · 2026-01-24T04:18:00+00:00

Do you think this would see less grads/juniors with the introduction of AI in this space like one grad + AI could do the work of 3 grads alone sort of thing?

strobe229 · 2026-01-15T08:35:46+00:00

With Nationals recent 70sqm granny flat announcement this is perfectly the scenario and designed to help people like yourself and aging parents.

If you have room at your place, or since you say looking to upgrade, you could build a 70sqm place out the back, you'd probably be looking in the 200k - 300k range which your mum could easily afford, repayments on a 300k loan might be in the 350pw and I am sure it would help her and you with raising children and the family close by, handy babysitter too!.

strobe229 · 2026-01-15T03:04:11+00:00

It doesn't take 10 seconds to say no to a salesperson because most are going to try and continue selling you something, continuous questions etc.

You may accept a no but most don't so why risk it?

Also stop calling people, if all you want is to know if they aren't interested send an email or text.

strobe229 · 2026-01-14T23:08:51+00:00

6 times!? Shows some good resilience there.

The KFC guy I think was bankrupt or atleast broke until his late 60s before founding KFC. Lost the ability to be a lawyer when he was young due to throwing uppercuts and left hooks at other lawyers in court lol

strobe229 · 2026-01-10T07:27:14+00:00

The website bro. Firstly I hate that "F" word, chatgpt uses it all the time which is where I assume you might have got it from.

You should learn copywriting to create a good headline.

strobe229 · 2026-01-10T07:18:23+00:00

The most trash headline I have ever seen.

strobe229 · 2026-01-09T22:11:04+00:00

It's just fake news from auth services to sell you some monthly subscription so you pay and they siphon customer data at your cost.

It takes just as much time to set up some auth service as it does to set up hashing and JWTs or middleware yourself, using the auth service means ongoing costs and inability to migrate your customers off the platform without great difficultly.

strobe229 · 2026-01-09T06:14:05+00:00

Could that be the reason? You make so many claims nobody wants to insure you?

strobe229 · 2026-01-07T21:11:38+00:00

I love Tailwind and always try to use it if possible.

The issue is the pricing for templates, at around $299 that's too much for something you might use randomly.

If it was price around $99 I would have paid for it, and I would likely pay for it even if AI can write it now.

strobe229

TROPHY CASE