personal finance in australia

Previous reading was 7.7% YoY and 0.4% MoM AUDUSD has moved from 0.6780 to 0.6860 as of time of posting. S/P March23 futures moved from 4050 to a high of 4180 (+3.2%) immediately off the figure, now resting about halfway up at 4120 (+1.6-1.7%).

G'day folks, credit card cashbacks have recently caught my attention and I want to put some assumptions I have here for discussion. Look at these: https://www1.citibank.com.au/credit-cards/citi-premier-cashback https://www.commbank.com.au/credit-cards/low-fee-gold.html These credit cards...

I've been receiving a lot of contracting offers from recruiters lately and some of them look very appealing in terms of the remuneration offered. Had a recent discussion about this with my coworker and we started establishing some pros and cons of contracting, particularly in Aus and NSW. Is...

Hey guys! Need your insights and experience on trading platforms! Current Platform, eToro. It's pretty easy and friendly to use for a first-time investor like myself. But the ~2.5% exchange rate fee into USD is something I'm trying to avoid So far my alternatives that I've researched are: -...

Retail sales data out for may. The May 2023 seasonally adjusted estimate: Rose 0.7% month-on-month. Rose 4.2% compared with May 2022. Clothing footwear and accessories -0.6% Department stores -0.5% Everything else positive big increase is in Cafes, restaurants and takeaway food services...

https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-rose-49-cent-annually-july-2023

Place your tips. First prize is a PM from all other participants congratulating you on how good you are. Tips must be submitted by midnight 31 Jan 2016. We are predicting the following securities as at 31 Dec 2016 as per the links. Security Current Price RBA Cash Rate 2.00% All...

Hi, first time poster here. Just looking for some feedback / a sounding board. Or maybe I’m just here to whinge. My partner and I are raising a family of five in WA, on a single salary. It probably goes without saying, but we’re pretty budget conscious. The kids are pretty young, so...

Interbank futures implied rates have dropped this morning, presumably due to the UK announcing changes to its tax cut plans overnight. Market-implied terminal rate* is 4.06% Expected Oct rate hike is 43bps, equal to a 74% chance of 50bps and a 26% chance of 25bps. Expected Nov rate hike is...

As per title, I have a new build that was optioned with this solar system: EnergyBuild Smart Solar package including 6.6kW (nom.) PV solar electricity system with 5kW single phase SolaX inverter, In-wall inverter enclosure, Tier 1 Jinko solar panels, 10 year warranty on solar components, Level...

My wife and I are FHBs and require a construction loan as we brought house and land separately and are building while we rent. Being completely in over our heads we trusted our broker. He gave us options for banks and his recommendation - Bank of Adelaide - who we went with. Now the stuff up...

Have noticed you guys are frequently locking the flood of threads that break the subreddit rules or posts that could be answered by reading the wiki or doing a search, thanks for making a renewed effort. Appreciate you people!

In 2023, I worked for a start up that was not doing so great. Because they were financially struggling and projects were not coming up, they decided to give us two options: 1. we can take days off w/o pay 2. we can work but get paid in company shares. I decided to do the latter and accumulated...

I'm 40 and have house paid off thanks to an inheritance. House is worth about $850k We live in Adelaide. My wife and I both work and make 150k combined per annum in secure long term jobs. We aren't high rollers but our jobs are secure. So we can get a loan of some kind + use equity in our home...

From 17th November 2023, up to balances of $1 million. Over $1 million is now 3.35%. To note, this is applied on the transactional account as well and also no BS hoops to get it. Their discount e-voucher store is pretty great as well e.g. 3% off ColesWorth and Amazon (and plenty more). And...

Get a mortgage broker but also use your own judgement re: their advice. I didn’t get what all the fuss was about getting a broker but they essentially helped me to get a lower interest rate and no LMI when using 15% deposit. I had 20% deposit and had previously been contacting banks by myself...

A few weeks ago I posted about quitting my job. I thought some people here might enjoy an update. I quit for my own mental health reasons and was only able to scrape together 3 months worth of emergency savings before quitting. Some people thought this was a risky move and that was a fair call...

Although no one wants power prices to rise I can’t complain with mine. If you’re in NSW 2229 check out Origin. I did some shopping around and even changed for two days to AGL but then they tried to slug me a demand charge then upped the daily to $1.29 after I asked what the post 1 July rates...

I guess I am just wondering what’s the point of the 3 million super cap. In reality, no one is going to be able to hit it going forward, given you can’t make non concessional contributions after 1.9m which most people won’t make anyway. So what’s the point of the 3m cap

Hello, I asked the bank about paying extra off my loan on top of the minimal fortnightly principal and interest payments and they responded with the below quoted text. Honestly I don't understand the second point. I already have an offset account that lowers the interest I pay on the loan...