oztite » posts

Building Price Going UP?!

Hi, hoping to get some advice on what the average increase in building cost is over the past 2 years? We went to a few builders just before the pandemic, got some quotes, and due to job uncertainty …

Supplier Refusing to Provide Tax Invoice after Payment Made

Long story short, my cousin runs a small reataurant business. One of the new suppliers is refusing to provide a tax invoice after he made a payment to them, instead only providing a bill summary …

What Is The Best Way to Buy Air Tickets Online?

Searching for some flights on Skyscanner and wondering what people's thoughts are on the online travel agents (e.g. Fly365, BYOjet, Skiddoo, DirectFlights, Mytrip, GotoGate etc.). I used to …

Housing. How Do You Look at It and Not Go Crazy?

OK, so I found out my boss's boss recently sold a home in a prestigious suburb of Melbourne for about a $7 million profit over a 5 year period. He will pay zero capital gain tax on that profit. …

How Much Do You Owe on Your Credit Cards?

Curious to know how much people currently owe on their credit cards - after the interest free period, i.e. the amount that you actually get charged interest on. I feel like the information out there …

poll When Is The Right Time to Quit a Business?

Hi, seeking some public opinions here. When is the right time to quit a business? A bit of background: Business: small coffee shop at the ground floor of a fairly isolated business building in a …

Tennis court for $7.8 million anyone?

OK, so a tennis court sold in Toorak today for $7.8 million. It was bought for $700,000 20 years ago. That's a profit of $7.1 million, or an increase in 1000%, or $355,000 per year profit. I …

Help - A Tight OzBargainer Needs a Commercial Lawyer

Would very much like some advice regarding getting an affordable commercial legal service for signing a Retail Lease (small space, only $12,000/ year rental). Fees quoted are all around the 3-5 …

poll Coles and Woolies Phasing Out Plastic Bags - So Do We Now BUY Rubbish Bags?

I am all for the environment, and I wish science has an answer (e.g. degradable plastic bags). Personally I use ALL my plastic bags from Coles and Woolies as garbage bags at home, and I assume a lot …

NBN: Internet and VoIP - Can I Use Different Providers

Just wondering if it is possible to use different providers for internet and phone once converted to nbn? (say Telstra for nbn internet and mynetfone for VoIP) I have HFC connection - does anyone …

Why Is There So Much Media Coverage of Australians That Break Laws Overseas?

Seriously, so much coverage! Break the law, bring some drug in/ out of another country, and you are famous, for like 20 years. Lucrative magazine and TV deals will be made with your family. Precious …

poll Hypothetical question: when a business underpays its staff by 2.6 million...

I always wonder when things like this happen… if a business underpays its staff, and we are seeing it more and more around in Australia, almost certainly the business owner is heart broken by …

poll Can You Actually Afford Your Current Home with Your Current Income?

Someone pointed out that the majority of home owners in Syd and Melb actually can't afford their own home at the current market value with their current take home income. This applies to the …

poll Why would interest rate ever rise?

OK, so looking at buying a new house, and trying to decide how much I should borrow myself rather than blindly follow what the mortgage broker tells me I can borrow. One big factor is obviously the …

First Home Reno - What Is The Normal Payment Plan?

Hi, Doing my first ever home renovation job. Cost is around $50,000. One builder will do the job, hiring various tradies as contractors. Just wondering what is the usual method of paying for the job? …

Please share your stories of business/ investment failure

There are so many feel good stories out there lately about various people quitting their jobs and succeeding at running their own businesses or investing. For some reason very few people share their …

So Trump wins... Now what?

Looks like Trump is gonna win. Aside from the usual "world is gonna end" "what happened to humanity" type of statements, what are some of the potential real threats? Interest rate …