Rates are going to need to go close to 6% to bring trimmed mean down to below 3% from 3.6%.

CBA said rates hikes were on pause before rate cuts in 2027……then the CPI dropped and actually no, it’s almost certain we are getting a hike at the next meeting.

How many shit predictions by banks and pseudo economists like David Koch and Nerida Consibee before we realise the cash rate needs to go much higher. Yes we have leveraged our economy and enjoyed the dopamine hit of the last 5 years, however the bill is now due and it’s a whopper. The entire economy is a buy now pay later joke.

We deserve this recession that’s coming. I can’t wait for it.

“Its hard to see mortgage rates being cut significantly from here…

Mortgage holders are going to have to adjust to the reality that mortgage payments are going to take up a huge chunk of everyday income”

I’m interested to hear how people are perceiving the medium term at the moment- as in the next few years, not the next few months.

When does it get to a point where people consider selling at a loss to downgrade or move/return to renting to take some pressure off? Or other steps like downgrading to one car? (If havent already).

Inflation only goes up

High fuel prices are resulting from the wars which are external to Australia. This results in higher prices due to increased sully chain costs. So how will increased interest rates help with this? By cutting demand? Doesn’t that lead to a problem of its own?

Also, is this really ever going to put a downward pressure on fuel prices?

But I’m also keen to know what happens if the rates are not increased? High prices? If the war ends tomorrow and fuel comes down - will the prices?

Genuinely keen to know the mechanics of the economy and the interest rates.

Looking to move away from Big 4 to local Aussie bank.

Key considerations:

• No offshoring: jobs are kept local as much as reasonably possible. Not offshoring back office roles to Vietnam or India. See https://offshore-watch.com
• Great culture: No point switching to an Aussie bank if they treat their employees like a wet rag. That means courtesy, respect, and generally happy employees. Basing this on Glassdoor reviews.
• Full features: Access to ATMs, no withdrawal fees, no account fees, great customer service, and an intuitive online banking experience.

Not concerned with ethical investments or B corp status as these tend to be misnomers.

Many recommend Bank Australia for its Australian operations and ATM fee refunds, but its online banking is bare bones and its 2.9/5 Glassdoor rating suggests poor management. I’m leaning towards Macquarie for its excellent app, bringing some jobs back to Australia, and fee refunds, and 3.6/5 Glassdoor rating but am aware they have back office roles offshored. The Big 4 offer great access to ATMs, online banking is up there, but they’re offshoring which leaves a sour taste.

Might be asking for the impossible trinity.

Thoughts?

Would the RBA be more useless than it already is if we could?

Currently trying for a slight career pivot after finishing a master's degree in a slightly niche field. Seems like a terrible time to be doing this, as the jobs market feels incredibly dry at the moment.

Jobs I've applied for seem to yield no response.

I've even applied for jobs in my current field and haven't heard back about these either!

Going back 2-3 years ago, it felt like I could work basically anywhere I wanted in Australia.

I wonder if perhaps employers (public and private) are kinda frozen at the moment whilst trying to figure out how bad this recession is going to get.

A bit disappointing when I just finished my studies :(

Anyone else noticing this?

Hi all, having a bby on the way. Wife is out of job in Mar and I’m starting a new contract role of $120k for one year. We have $60k in the offset and additional $70k invested in various ETFs.

Given inflation isn’t looking like it’s going to to go down anytime soon and interest rates are eating my repayment @ 6.39% (rentvestment). Should I sell
Realise CGT and move to offset.

I know it should reach 9.13% to break even (6.39%/70%) even though it’s even lower than that cause I can claim the 6.39% as a deduction.

I’m just wondering at what point the risk is not worth it. I’m on 30% marginal tax rate if it wasn’t clear.

Thanks

Hi all,

First time doing a tax return with betashares investments and after some advice if I'm doing the correct thing.

Context, betashares has provided two statements: annual tax statement and a separate CGT statement (see attached screenshots) and am not sure of overlaps between the two.

The tax statement is prefilled on ATO (with minor cent differences on a few fields) under "managed fund distributions" with income showing as $231 on its summary rolled up screen (No idea where this figure is calculated from).

Now, since CGT is not prefilled I tried to do so with the statement provided in the CGT section. It shows a banner that the managed capital gains of $1262.79 total current year to be included in calculations below. Hence if I verbatim enter $762.94 from CGT statement it does not like it since it's less than $1262.79 and that makes sense.

So which is correct?

$1262.79 current year capital gain

$0 net capital gain

$151 net capital loss carried forward

Or is it as I suspect that there is no overlap between the two and they need to be simply combined?

$2025.73 current year capital gain (adding the two)

$555.87 net capital gain

$0 net capital loss carried forward

Appreciate the help!

It appears that indexation creates an ongoing feedback loop. That is, CPI inflation increases excise; the higher excise contributes to higher consumer prices and CPI; and that higher CPI feeds into subsequent excise indexation.

Petrol (excluding diesel) and alcohol excise is approx $15.5 billion, and there are around 21 million Australian over 18 years of age. That equates to on average each Australian over the age of 18 pays $738 in petrol and alcohol excise each year.

I've been completing some small side hustles such as research studies and I'm not sure whether it is considered providing service, but I'll report it in my tax return just in-case. I was wondering whether if I wasn't meant to report it, would they let me know and give me my money back? Thanks!

As a beginner with limited knowledge of investing, is CommSoc a good place toCan And can anyontheirare your experience and knowledgETFsout EFTs in?general?

So I'm comparing GOLD and VDHG.

If G is at a cost basis loss and V is still up, do I chuck a few more bucks into G to the sacrifice of V until V drops and G goes up, or does it make little difference.

Maybe this is more of a r/asx bets question

I want to use a portion of my redraw on an investment property loan to purchase a car (non business use).

I understand that the interest on this portion will no longer be tax deductible. If its a one off redraw is it that difficult for an accountant to work out.

Is there anything else I am missing.

I have never used airtasker so would like to ensure I set a fair but also reasonable price!

I am moving 6 minutes between two suburbs very close to each other. Below are the things we need to take:

We need removalists to take and move our big items :washing machine, dining table, two office desks and chairs,  two beds (one king single, and one queen bed - frame partially/fully disassembled). The pickup has stairs only. but the drop off has elevator access.

we were thinking about delegating the smaller boxes and medium sized bags to our family to help take over, but we were thinking of doing it all with the air tasker depending on its cost - I just wonder how much it would add on!

I kindly out the question out to you guys! what do you think the cost of moving should be?

Hi everyone, we were confused by the Medicare surcharge ($202,000 family income + $1500 for each child) and wanted to ask if anyone was in the same circumstance.

We are a household with two kids. We earned just above the medicare levy threshold in the last financial year.

I am a NZ citizen as is both our children. All three of us are on private insurance.

My wife is a subclass 461 temporary resident. She is not eligible for Medicare, nor private insurance except OVHC. She is on an OVHC insurance.

Am I correct in understanding we still need to pay the levy on the entire family income despite everyone being on private insurance as OVHC is not considered as private insurance?

Would be keen to hear anyone who might be in the same circumstances. Thanks so much!

Update: Someone correctly pointed out that I mistakenly wrote 2% in the header, I was meaning the Medicare surcharge (0-1.5%) which applies above a certain family income threshold, not the 2% normal medicare levy.

My sister is planning on going bankrupt. She hasn’t talked about it much so in my concern for her I’ve been looking it up and I can’t find consistent info about what will happen to her super. Most Aus legal sites say super is protected - but AFSA says it’s claimable.

What’s the actual situation?

Just a PSA in case you have forgotten (like me!) - I purchased some income protection through a financial broker a few years ago as the product was only able to be purchased through a broker. I'm not really using the services of the broker much anymore as they only are providing me with a renewal and confirming if my circumstances have/have not changed. I realised I am actually paying hundreds on ongoing commissions and aside from the odd question here and there I realised I don't really need their services and am fine to manage my policies on my own. My insurance advised I need to ask the broker to remove the commission which they have now done. I had completely forgotten about the commission so I thought I'd let anyone know in case they they were in the same boat. The laws changed in 2025 to require increased transparency and disclosure about commissions so of course this was something that had totally slipped my mind.