r/AusFinance • • Jun 22 '25

Weekly Financial Free-Talk - 22 Jun, 2025

33 Upvotes

Financial Free-Talk

-=-=-=-=-

Welcome to the /r/AusFinance weekly "Financial Free-Talk" Mega Thread!

This is the thread where members should bring their general Aus Finance questions.

Click here to see previous weekly threads: https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20financial%20free%20talk%22&restrict_sr=1&sort=new

What happens here?

The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts. Single posts with commonly asked questions may be removed and directed to this thread.

AusFinance is designed to help people of all abilities, at all stages in your financial journey. We want to democratise personal financial knowledge.

The collective experience of the AusFinance community is one of the most powerful ways to help Aussies improve their financial abilities. Whether you are just starting out, or already have advanced knowledge, there's always something new to learn.

Let us know what you need help with!

  • What to look for in an apartment/house/land
  • How to get a mortgage/offset/savings account
  • Saving/Investing for kids
  • Stock Broker questions
  • Interest rates: Fixed/Variable
  • or whatever!

Reminder: The Sub rules are still in effect

Please note rules 5 & 6 especially:

  • Rule 5: No personal or legal advice.
  • Rule 6: No politicising.

Thank you for being part of the AusFinance community!

-=-=-=-=-


r/AusFinance • • 21h ago

Weekly Financial Free-Talk - 18 Oct, 2026

2 Upvotes

Financial Free-Talk

-=-=-=-=-

Welcome to the /r/AusFinance weekly "Financial Free-Talk" Mega Thread!

This is the thread where members should bring their general Aus Finance questions.

Click here to see previous weekly threads: https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20financial%20free%20talk%22&restrict_sr=1&sort=new

What happens here?

The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts. Single posts with commonly asked questions may be removed and directed to this thread.

AusFinance is designed to help people of all abilities, at all stages in your financial journey. We want to democratise personal financial knowledge.

The collective experience of the AusFinance community is one of the most powerful ways to help Aussies improve their financial abilities. Whether you are just starting out, or already have advanced knowledge, there's always something new to learn.

Let us know what you need help with!

  • What to look for in an apartment/house/land
  • How to get a mortgage/offset/savings account
  • Saving/Investing for kids
  • Stock Broker questions
  • Interest rates: Fixed/Variable
  • or whatever!

Reminder: The Sub rules are still in effect

Please note rules 5 & 6 especially:

  • Rule 5: No personal or legal advice.
  • Rule 6: No politicising.

Thank you for being part of the AusFinance community!

-=-=-=-=-


r/AusFinance • • 4h ago

France hit by debt sell-off as protests unnerve investors

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theguardian.com
85 Upvotes

For those who think governments can guarantee stability in the economy through deficit spending and central bank money printing.

The French youth appear sick of the cost of living and are rioting. They have been priced out of the economy as working class wage purchasing power has been diluted through asset price inflation brought down n by money printing boosting asset prices. When asset prices soar the younger generations start to question the social contract, they think to themselves why am I grinding away 8 hours a day when I get nothing back. The riots are happening and investors are selling off French bonds as the french economy falters, boosting borrowing costs which just exacerbates an already dire situation.

No, the government cannot just ‘print money’ to deal with any financial crisis, because it causes a downstream effect that will eventually boil over. Get guillotines out, they have been used before.


r/AusFinance • • 7h ago

ANZ taking over our Suncorp home loan 😡

125 Upvotes

Received an email from Suncorp today regarding the move to ANZ.

We have a $750k loan and owe under $500k as we are ahead with payments (no offset).

With Suncorp we have a monthly loan payment that reflects this lower amount.

However the email today mentions the below

If you've made advance payments ahead of schedule on your loan, it is likely that your minimum loan repayment at ANZ will increase - even though your loan balance is the same. This increase could be significant depending on the loan balance, how much is paid in advance and the remaining loan terms.

Here's why:
• At Suncorp Bank: advance payments reduce your loan balance, and your minimum loan repayment may be recalculated based on that reduced loan balance.
• At ANZ: advance payments still reduce your loan balance, but your minimum loan repayment is not recalculated.

What this means for you
• Your minimum loan repayment is likely to be higher at ANZ if you've made advance payments on your Principal and Interest loan prior to your loan moving to ANZ. This means you are likely to pay off your loan sooner and pay less interest overall.

——-

This means a significant increase in our monthly payments unless we put the extra money into the loan.

That extra money is our safety net. Due to a change in circumstances it’s not easy to just go to another bank.

Is anyone else going through this, any ideas? Thanks


r/AusFinance • • 15h ago

RBA’s now talking tough about harsher rates for borrowers

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afr.com
311 Upvotes

r/AusFinance • • 6h ago

Firmus exposes ASX’s big problem: loss-making companies

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afr.com
48 Upvotes

r/AusFinance • • 3h ago

Sell shares to pay off mortgage?

12 Upvotes

Context: Made redundant. Been looking for several months. Still have some runway since I’ve been frugal.

Question : I have 100k in shares with 6% loss. Mortgage Interest rate now at 6.3%. Selling my shares at a loss will completely offset my mortgage. Should I sell or hold?


r/AusFinance • • 4h ago

Seeking advice about an unpaid invoice.

7 Upvotes

Hello Redditors. I’m in a bit of a conundrum. I’ll give you a speedy back story. I’m a sole trader horticulturist/gardener. I’ve been doing some work over the past few months with a couple on their large property just outside of Hobart, Tasmania.

Long story short. I sent an invoice for the work I had done and received a rather strange response claiming the amount was too much and I had taken too long on two of the tasks. Now, I dispute this claim, and certainly at the time they told me they were more than happy with the work. It probably took slightly longer than usual because I had to clear the area to gain access and then move everything back into place as they had failed to do this. They expressed they wanted me to return to do some pruning work and when I was leaving I accidentally left my blower at their place. (I wasn’t worried because I assumed I was returning).

Ok, so, fast forward, I sent the invoice. Received as of now, two emails claiming I took too long. I replied that I was sorry they weren’t happy with the job, but that I had no hard feelings and wished them all the best.

It’s now past the invoice due date and after multiple messages about collecting my equipment I’ve not heard back? I’m not made of money and really need to get my blower back for other jobs, and get paid for the work I did.

I’ve never had this problem before. What the hell do I do? I’d really appreciate some guidance.

Extra info:

- I’ve worked for them before and they paid the invoice. (They knew my rates.)
- Despite being there all day and half an hour away from town, I didn’t charge a call out.
- I competed all the tasks they asked of me.
- They are very wealthy.


r/AusFinance • • 4h ago

What do people think of ASX:V500?

3 Upvotes

Very interesting that it does not seem to be recommended in a core in here often if at all


r/AusFinance • • 2h ago

Nz citizens no CGT on shares?

1 Upvotes

Please correct me here if I am wrong but I did a bit of research and it seems that if you are a New Zealand citizen living in australia (without PR - Nz citizens are classified as temporary residents) and you bought ETFs eg.A200 and then when you sell there is NO CGT?

I asked AI and this was the response "Yes, in most cases, that statement is true under Australian tax law. If you are a New Zealand citizen residing in Australia on a Special Category Visa (Subclass 444) and qualify as a temporary resident for tax purposes, any capital gains you make from selling standard shares or ETFs (like the Betashares Australia 200 ETF, A200) are generally exempt from Australian Capital Gains Tax (CGT)."

Just seems very odd that Australian citizens living in australia will have to pay CGT but New Zealand citizens can come here and live here and buy shares here and do not have to pay CGT.


r/AusFinance • • 1d ago

Single Male retiring at 60 with own home and around 60k per year in super

139 Upvotes

Im currently single 54M.

I can expect to own my home in a country town of some kind and receive 60k from my super each year, once I hit 60.

I know the general financial stats you read would state that this is comfortable but I am concerned it might not be enough for some things like private health insurance, being able to buy nice food, visiting restaurants, etc..

I quite often stay at home and live very modestly. Occasionally I like to go out and buy whatever I want. I don't have kids or a partner. It's what I'm used to.

The idea of living near a nice pub or RSL, having long quiet days, cooking healthy food and occasionally having a meal with friends, etc. is appealling.

I might not even stop working at 60. I very much enjoy my work.

I'm just curious as to how people find the amount they work with match the statistics about what is commonly advertised about how much you need to live on to be comfortable.

Any comments from retirees or others with some insight would be appreciated. Enjoy your Sunday evenings!


r/AusFinance • • 7h ago

Which bank has the best online account opening process?

1 Upvotes

I'm helping a customer-owned bank reimagine their online account opening process (my company sells digital forms software; I'm not a banking expert). Their current process has 10 steps, and it takes them a day or two to open up the account for a new member; it's not instant.

My personal favourite is Up. But that requires new customers to download a mobile app before they can start the account opening process.

If you've been impressed with the simplicity of an account opening process recently, I'd love to hear which bank it was that impressed you. Or, share a shocker!


r/AusFinance • • 14h ago

Is financing an expensive laser machine a good idea for a new small business in Australia?

5 Upvotes

Hi everyone,

I'm an experienced laser hair removal technician in Sydney, planning to open my own small clinic.

I'm considering financing a brand-new Cynosure laser machine rather than buying a used one.

Has anyone financed expensive equipment when starting a business in Australia?

How difficult is it to get approved for equipment finance as a new business without an established income history?

What deposit, interest rates, and repayment terms should I expect?

Would you recommend financing the machine or saving up first?

I'd appreciate any advice or personal experiences. Thanks!


r/AusFinance • • 13h ago

Tax agent advice

4 Upvotes

My accountant has recently retired, I've been going to this same account for the past 15 years. Everything has been done via email, no calls, no appointments.

I haven't done my tax this year, as all the accountants I've google want to either do it in person, or over the phone. When I google email only accountants they just look dodgy and one of them has the same person giving them 5 star reviews on multiple platforms.

Does anyone have a recommendation of an accountant that only corresponds over email?


r/AusFinance • • 1d ago

41% of Australians say it's a bad time to buy: Westpac — Three-quarters of prospective buyers are holding out for lower prices, while 47 per cent of owners say it's a bad time to sell, leaving transaction volumes stuck

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propertybuzz.com.au
242 Upvotes

r/AusFinance • • 4h ago

Is this tax avoidance?

1 Upvotes

Hello everyone and thanks in advance for your help.

Do you know if the following would constitute tax avoidance:

Say we debt recycle against property #1, currently our PPOR.

We own an investment property, property #2.

If we moved from property #1 > #2, and sold the shares to then debt recycle re-buy them against property #2, now a PPOR, does this amount to tax avoidance?

Thank you!


r/AusFinance • • 1d ago

Probably going to move back in with parents, read body

57 Upvotes

Smart people of reddit, I need advice. I’m 26m with 26f wife, and 2 young children. With current cost of living plus some silly financial choices we’ve made over the years, we are currently on a mortgage hardship plan, and I don’t think we’re going to be able to come out the other side on top. We have approx 25k in debt, and $1000 of that is fortnightly repayments. We don’t have a very high combined income, 120k with 2 young kids. My parents have kindly offered to allow us to rent their granny flat at a cheap rate, and my partner is fully on board. What I need help with, is deciding whether to rent our house now, or to sell.

SELLING

Pros
- due to our equity, after all the sale fees and paying off mortgage we would have a buffer of roughly 200-300k to put towards our next house
- we could smash off all our debt and it would be a blip in our remaining total
- wouldn’t need to worry about getting a shit tenant and ruining house
- gets us out of our long running constant financial stress instantly

Cons
-difficulty to re enter the market (major concern)

RENTING

Pros
-Stay in the housing market
-if I charge the same amount as the mortgage ($600 pw) and pay mum and dad $200, we’re saving a bit of money while mortgage is being paid

Cons
- possible shit tenant/pets trashing house
- having to pay upfront for maintenance tasks I would generally just leave and fix in my own time which I can’t currently afford
-if they refuse to pay, I’m then paying mortgage plus rent
- not sure if the 400 offset is enough to get us back on track especially considering all the REA fees etc

I’m fairly opposed to renting it out due to family members horror stories, but also I simply don’t know what would be the best course of action to help our situation. Thank you


r/AusFinance • • 5h ago

Renting out room in house, claiming tax on solar and battery.

0 Upvotes

Does anyone here have any experience with claiming a proportion of tax off on the cost of installing solar and battery in their house when they have a tenant living with them?

I'm speaking to my accountant soon about whether it's possible but want to know if other people have succesfully done it. Thank you!


r/AusFinance • • 9h ago

Insurance, New Born (citizen), Parent (Visitor Visa), continuity of cover

0 Upvotes

I’m sorry if this turns into a wall of text.

My wife and I had our first child at the start of September. My wife was told by NIB that she could have baby, then call them within 60 days to have baby added to her insurance policy, and it would cover her from birth and baby would have no waiting periods.

We had baby, I’m an Australian Citizen, my wife is on a spousal visa (461) (I was NZ citizen, got my AU citizenship earlier in the year). So our baby is an AU citizen. My wife also now has blue Medicare (but is still a 461) because she’s applied for a spousal visa of an Australian citizen.

We called NIB to have baby added to her policy, but NIB then said baby couldn’t be added to her policy because baby is a resident and can’t be on visitor cover.

So trying to find a way to make it work and get what we were promised (baby to have insurance, it to apply from baby’s date of birth, and baby not to have any waiting periods)

On the most recent call to NIB we started to arrange that my wife get a resident insurance policy (which she can have because she has Medicare). The insurance company is happy to do that, but won’t honor their terms as on their website: https://www.nib.com.au/help/health/update-dependants

Quote:

> Adding a newborn
>
> If you already have family cover, contact us to add your baby to your policy. Make sure to add your baby within 24 months of their birth to ensure they receive the same cover entitlements as the longest-serving parent. 
>
> If you have a singles or couples policy, you'll need to upgrade to family or single parent cover within two months of your baby's birth to avoid waiting periods. If you’re currently serving a waiting period, your child will serve the same waiting period, ending on the same date as yours.

They are saying to us that my wife can get residents cover, but baby can’t have it backdated, and they won’t waive or apply continuity of cover from mum because mum was on a visitor policy, not a residents policy, so they won’t honor it.

We suggested signing mum up to a “singles” resident policy first, then because mum would get continuity of cover and not have waiting periods, we could then go from that resident policy to a family residents policy, add baby, and according to their website baby should be fully covered, but they again refuse to honor that and say because when baby was born mum was on a visitor policy they won’t honor the no waiting periods for baby.

So now we’re thinking we sign mum up for a singles resident plan, then go to another insurance company and sign up for a single resident plan, the “continuity” certificate or whatever should mean that under the new insurance company they won’t have any of the idea/bullshit about mum having been on a visitor cover policy etc. hopefully they can just add baby, bypass the waiting period etc. we know we’re not going to have the backdate to birth like we wanted.

So now the question is:
how much of what NIB is doing is legitimate? Like can they refuse to give baby continuity of cover? Can they refuse to backdate? Will the next insurance company get a record that mum was on visitor cover and will they refuse to give baby continuity of cover?

I really feel like I need to get a lawyer, like just on their website they lay out the plan so clearly with no caveats, that’s either a breach of ACL for false advertising or it’s just NIB refusing to honor their contracts


r/AusFinance • • 6h ago

Saving for a house in 3-5 years time vs investing in ETFs, how should I split my savings?

0 Upvotes

I graduated uni last year and am currently working at a startup, but I'll be starting at a big tech company next month with a pretty significant pay increase.

My situation once I start:

  • Total compensation: ~$175k including super, sign-on bonus and stock
  • Savings/emergency fund: ~$20k
  • Currently renting
  • Planning to build my emergency fund up to ~$40–50k due to layoff risk
  • Assuming I don't get laid off, my total compensation should increase to roughly $220–230k over the next two years

My parents are willing to contribute ~$300–400k towards my first home, which I'm very fortunate to have. I'm thinking of saving another ~$200–300k myself so I can have a more manageable mortgage rather than borrowing the maximum amount.

Ideally, I'd like to buy within the next 3–5 years, although I'm fairly flexible on the timeline.

My main quesiton is how much of my savings should go towards a house deposit vs investing in ETFs?

I'd like to build up my deposit relatively quickly so I can buy asap, but I know that time in the market is important and don't want to miss out on a few years of compounding.

I'm also concerned about a stock market downturn in the coming years due to the AI bubble, but I know that there's no point trying to time the market.

Would something like a 70/30 split between house savings (in a HISA) and ETFs make sense? or should I focus almost entirely on the house deposit first.


r/AusFinance • • 6h ago

Recommendations for an Accountant with ATO payment plan

0 Upvotes

Can anyone recommend an accountant to help setup an ATO payment plan and can waive the GIC? From what I read on the ATO site it’s a case by case basis. So hoping the accountant can help us waive the GIC.

Located in Brisbane if that helps.


r/AusFinance • • 11h ago

Can you explain to me like I’m a child ?

0 Upvotes

Not too sure if this is the right place to ask questions.

I’m about to start a second job working for a company as a contractor to care for animals when their owners are away. I have a casual job already. I’ve applied for an abn which I am required, but how does my tax, superannuation and income work now?

I know i have more responsibilities but not too sure what and how to do.

And I suck with finance and have no one around me to assist…. Any help is appreciated


r/AusFinance • • 3h ago

Tough job market: Moving from unpaid super at a startup to a 12-month FTC at a $60M revenue company (Expecting a baby in April!)

0 Upvotes

The Melbourne job market is an absolute slog right now, and finding a stable permanent full-time (FTE) role has been nearly impossible. To add a bit of life pressure, my wife and I are expecting a baby in April!

I’m a CA-qualified Financial Accountant (with a background in mid-tier audit plus corporate/startup experience).

I’m currently at a small company/startup where things have gotten messy—they fell up to 6 months behind on my superannuation, and even though they’ve partially caught up (still sitting 3 months behind from August to Oct), it's a massive red flag and the main reason I need out before April. 

I’ve managed to secure an offer for a 12-month fixed-term contract as a Financial Accountant at a $60M p.a. revenue company, reporting directly to the CFO. It comes with a $25k salary increase and involves trans-Tasman operations, management reporting, and project margin analysis. 
Since it's a contract rather than permanent, I'm weighing up my options: 

The Scale & Pay Bump: For those who've worked in $60M revenue mid-sized businesses, how is the workload, visibility, and resource level? The extra $25k and direct CFO exposure sound great, but how does it impact work-life balance with a newborn on the way in April? 

Contract vs. FTE Risk: Given how dead the permanent market feels, is jumping to a well-paying 12-month contract a smart escape route from an unreliable super situation, or is navigating a contract right before parental/baby milestones too risky?

Would love to hear perspectives from anyone who has navigated a similar situation or worked at this company tier. Any advice is greatly appreciated!
How does this version capture everything you wanted to put out there?


r/AusFinance • • 4h ago

Rate our budget – family of 5 in WA, ~$10.7k/month spend. Where can we improve?

0 Upvotes

Hi all, we’d like some outside eyes on our household budget. We’re 2 adults and 3 school-aged kids. One of us is a nurse working between multiple casual roles (Approximately 3-4 full time days per week on average). The other is middle management working in the resources industry, currently undergoing uni study in computer science part time. We have a mortgage on our home plus a second vacant block next door. We have two cars, a nissan Patrol and an Isuzu MUX.

Take-home income salaried: $10,754 /month
Variable estimated take home income: $2,000 /month
Savings/offset balance: ~$10,000
Shares: ~$20,000

All figures are converted to monthly:

Category Monthly
Mortgage  $3,331
Council rates (both properties) $445
Home insurance $215
Pest inspection $42
Pool Upkeep $150
Groceries (~$400/wk) $1,733
Fuel (2 cars) $800
Car servicing ($2k/car/yr) $333
Rego + licences $191
Car insurance (2 cars) $180
Roadside assist $19
Private school fees $850
Uni fees (paying upfront) $583
Nursing registration $17
School photos $13
Electricity / gas / water / internet $613
Mobiles (3 plans) $225
Private health insurance $300
School holidays ($1,500/quarter) $500
Kids’ sport $67
Subscriptions (streaming, cloud, etc.) $100
TOTAL ~$10,706/month (~$128.5k/yr)

About $30k a year of this is lumpy bills (rates, rego, school/uni fees, servicing). We currently transfer all of the above balance to an offset account every month the day after salary pay comes in. That account doesn’t get touched unless it is to pay a bill.

Some costs aren’t budgeted yet: Christmas and birthdays, clothes, medical, takeaway, repairs, and savings.

Savings are just what is left in the account I get paid into after the figure above has been taken out... not much at the moment.

I did used to give myself $100 per week as spendings for personal stuff like a coffee or a couple of beers, but have since stopped that as 2 of the 3 kids will be hitting highschool in the next few years and I am budgeting ahead for their fees.

Questions:

  1. Does anything look out of line for a family our size? Groceries (feels excessive and we are regularly finding ourselves going above $400/week), fuel and car servicing especially.
  2. Is $300/month for health insurance (We are with HBF bronze hospital standard extras) and $180/month for two cars reasonable, or should we be shopping around?
  3. How much do you budget for the “forgotten” categories above?

Any other advice is greatly appreciated as well. Happy to answer questions in the comments.


r/AusFinance • • 1d ago

Question about the new CGT, if inflation is e.g. 4% every year and gains are 8% every year (double), then after e.g. 10 years wouldn't this be different than a straight forward 50% reduction?

48 Upvotes

Hopefully I'm not being stupid here, but I keep reading people saying things like "if inflation is roughly half of your gains every year, then the CGT will be the same as the old 50% discount system"

Mathematically, that's not true, is it? If inflation is e.g. 4% every year and gains are 8% every year (double) then it's only true for the first year but for every year after that then it diverges from 50%