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Investing thread, Mk 2014
Phooks
Brisbane, Queensland
2756 posts
So it's time for the bi-annual investing thread! Anyone looking at futures? Price of gold is getting interesting, dat delicious fear.

For myself nothing to play with yet, but I know it's still important to start investing as young as possible so thought I'd ask around. Definitely looking at saving for a lazy portfolio or dividend aristocrats.

Been having a gander at Gov bonds too but I can't make heads or tails of whether inflation or deflation would be around the corner. I'm more comfortable with a bit of risk anyway considering it's a very long term goal. Financial independence wouldn't be bad at early 50s, I'm 22 now... So probs will stick to indexes.

Oh and anyone with http://www.australianethical.com.au/super? That's right up my alley but can't change yet thanks to the joys of working for uni. Heck, would even be OK with losses if it's for the international clean/smart energy sector TBH.

So anyone having any luck with their portfolios? I know some of you sussed out bitcoins pretty well
01:41am 11/02/14 Permalink
system
Internet
--
01:41am 11/02/14 Permalink
Nerf Stormborn
Brisbane, Queensland
8265 posts
Man, you sound like me at 22, nearly word for word. I spent about 3 years after that building it up in slow cautious investments, then lost nearly all my gains in something I knew was probably too good to be true. Now I advise that people stick to setting their goals no higher than tim tams being on sale.
02:06am 11/02/14 Permalink
FaceMan
Brisbane, Queensland
10982 posts
Hows that Bitcoin thing going ?
03:02am 11/02/14 Permalink
Viper119
Other International
2322 posts
I'm a total investment noob, but also know that I must get into it to help with the financial independence in later life.

At the moment I'm banking on making phat loot from my business interests. Then maybe some property and other investment? Have to start reading.
03:30am 11/02/14 Permalink
dais
Brisbane, Queensland
11497 posts
There is an Australian company called Sundrop Farms that I'm interested in, but I don't know if they're public yet. They are using cutting edge solar and hydroponics farming technology.

Also if you knew anything in detail about them, you would be mad not to invest in TSLA (Tesla Motors, Inc.). Here is their latest shareholder annual meeting from last year:

04:10am 11/02/14 Permalink
Nerf Stormborn
Brisbane, Queensland
8266 posts
There is an Australian company called Sundrop Farms that I'm interested in, but I don't know if they're public yet. They are using cutting edge solar and hydroponics farming technology.

I have no idea if it's viable, but it sounds completely awesome from a techie/futurist point of view, the kind of stuff that I've been dreaming about looking at moving into if I ever make cash on my current things.

Also if you knew anything in detail about them, you would be mad not to invest in TSLA (Tesla Motors, Inc.). Here is their latest shareholder annual meeting from last year

Do you have any idea who the guy asking the question at 36:40 is? He's really familiar to me, but I can't place from where.
04:30am 11/02/14 Permalink
dais
Brisbane, Queensland
11499 posts
No idea man.
04:40am 11/02/14 Permalink
Spook
Brisbane, Queensland
37395 posts
btc and cpu shares.
05:33am 11/02/14 Permalink
dais
Brisbane, Queensland
11500 posts
There's also dogecoin.
07:21am 11/02/14 Permalink
Spook
Brisbane, Queensland
37396 posts
litecoin, Coinye West, nyancoin, norris coin, the list goes on!
07:36am 11/02/14 Permalink
CubanPete
Brisbane, Queensland
103 posts
http://www.unilife.com/

Was told last week that these should hit $3 at some point.
08:39am 11/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15127 posts
They are $4.16 now, so you mean they will drop to $3.00 eh?

I just jumped out of DLS after making about 29% in 3 months. The price is almost back to where I jumped out. O well, can't go broke taking profits.

last edited by Tollaz0r! at 08:45:35 11/Feb/14
08:44am 11/02/14 Permalink
paveway
Brisbane, Queensland
19207 posts
08:49am 11/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6710 posts
Invest in property you can't go wrong. The government is doing everything possible to keep it going.

The yield might be low because of the upfront costs but long term you'd be crazy not to.
09:25am 11/02/14 Permalink
Spook
Brisbane, Queensland
37397 posts
but what about that american dude who said that the australian property bubble was going to burst just like it did in the states?
09:31am 11/02/14 Permalink
hardware
Brisbane, Queensland
10901 posts
Okay so first of all you need to match your goals in life with what you invest in. Surely your goals aren't to 'have a s***load of money at 50'. Money is just the means for which you are able to obtain your goals.

Yes, contribute a little extra pre-tax to super. Yes, but a few shares. Yes, diversify your interests. But don't tie the bulk of your wealth up in asset classes that do nothing for you now. Focus on having a nice place to live. Focus on driving a reliable & safe car. Focus on investing in yourself professionally. Once you've got those three things fairly sorted, then you can start thinking about how to grow your wealth. But don't grow your wealth mainly at the expense of your life now.

09:47am 11/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6711 posts
Its totally different here.

1. We have a tax system that rewards losses on property.
2. People want to live in the capital cities so even though we have lots of empty s***** desert land. When you think about it we do actually have a land shortage around capital cities.
3. The yanks enconomy tanked. But we have dirt and gas that the Chinese want to buy so that saved our economy.
4. Government grants.

To prove my point the NSW government is now giving foreign investors a $5k grant on new apartments.
09:54am 11/02/14 Permalink
Raven
Melbourne, Victoria
8337 posts
Obligatory "f*** you if you think property is for you to make money off and not people to live in" post ;)
09:59am 11/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6712 posts
Yeah well, you may not like it but that is how it is.
10:00am 11/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15128 posts

1. We have a tax system that rewards losses on property.


Although, you are rewarded more by making profit on property. Also the rewards only work out if you made a good capital gain.


2. People want to live in the capital cities so even though we have lots of empty s***** desert land. When you think about it we do actually have a land shortage around capital cities.


A large reason for that is that councils have parcels of land locked up and also control zoning so as to not allow high density development.


3. The yanks enconomy tanked. But we have dirt and gas that the Chinese want to buy so that saved our economy.


We have Gas that we want to buy. Also we can only rely on China for so long.


4. Government grants.


Government grants bring forward demand, demand that would have otherwise been in the future. The first home owners grant that the Rudd government introduced made it so that people who were looking to buy in the future bought earlier than they would. This created demand at the time. Unfortunately when first home owners grant was removed/reduced the people who would normally have bought already did so, creating a void of buyers and a drop in house prices.

You can only take so much from the future before it becomes the present, then that present has to take further from the future and you set up a period of diminishing returns at the cost of future growth.

last edited by Tollaz0r! at 10:12:41 11/Feb/14
10:11am 11/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6713 posts
Very rational argument Toll. But the market can stay irrational longer than you think.

I honestly can't see property slowing down without changes to the tax system, a massive jump in Interest Rates or restrictions placed on foreign buyers.
10:19am 11/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15130 posts

But the market can stay irrational longer than you think.


O it totally can.

Property prices, I think, are at a point where they can't go up with any significance without a general increases in wages. If you want to be part of a property explosion you need to see a wage explosion preceding it.

Negative gearing the biggest support for house prices imo, if it was said to be abolished by 2017 for instance there would be a strong and steady supply of houses hit the market that would surly force prices down significantly. All those negatively geared investment properties being dumped. It would really hurt the middle class though.
10:25am 11/02/14 Permalink
TiT
Brisbane, Queensland
6047 posts
I need to invest my money into something but I am not very good with Shares
10:40am 11/02/14 Permalink
Raven
Melbourne, Victoria
8338 posts
I think property prices certainly can continue to rise, but what's going to happen is that only investors will be the ones buying that property once it reaches the 8-12*median mark.

While I'm completely against negative gearing, abolishing it suddenly and completely just isn't going to happen. Liberal would never do it, it's against their economic style, and labour would never promise to do it as they'd never get elected. Actually doing it would get them booted at the following election.

What does need to happen is that it be removed for all purchases of existing dwellings. The rules should be changed so that negative gearing is available only when you build a new premises. This will keep it available, and encourage the construction of more properties. It will help to limit the increases of existing properties, and will help stimulate supply. Initially it will hurt those currently owning negatively geared properties, because the sale price of those properties will go down (because there's less demand - investors can't negatively gear after purchasing them so they don't want them), and it would slowly bring the market price back down of to level out - rather than a sudden, catastrophic dumping of volatile assets.
It's a plan that will still be unpopular with people owning existing properties (whether negatively geared or not), because it will reduce their capital gains - but it has to happen as prices are simply out of control.
10:52am 11/02/14 Permalink
TufNuT
I like eel pie
Brisbane, Queensland
4369 posts
Although, you are rewarded more by making profit on property. Also the rewards only work out if you made a good capital gain.


as a new property owner, can someone please explain to me these 'rewards'?
11:25am 11/02/14 Permalink
Raven
Melbourne, Victoria
8340 posts
as a new property owner, can someone please explain to me these 'rewards'?

You're allowed to put nails in to put up picture frames.
11:49am 11/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15131 posts
Money lost on an investment property can be used as a tax deduction. Pretty sure you can't do it with an owner-occupied house. Over 10 years the property has hopefully gained considerable value so when you sell it you make a capital gain, which more than offsets the money lost during the negative gearing period.

You are better off with a positively geared property, if you can find them.

The idea for negative gearing, I would think, was to allow for lower rents since the money lost from cost of owning the property and income from rent could be used as a tax deduction. If negative gearing was to go it is possibly that rent prices would have to rise to cover the money lost.

So the real effect of removing negative gearing will probably end with a lowering of house prices and raising of rental prices, meeting somewhere in the middle. Also a shift a of renters->owners due to cheaper houses, keeping the house prices from dropping too far and rent prices from raising too far.
12:02pm 11/02/14 Permalink
crazymorton
Brisbane, Queensland
4818 posts
get into Uranium mining companies.

when the QLD Govt opens up those leases they are all sitting on in NQ you'll make a mint.
12:30pm 11/02/14 Permalink
Raven
Melbourne, Victoria
8341 posts
The idea of negative gearing is to reduce the losses from owning a home and renting it out, being offset as a tax deduction by declaring a negative income against other income. It means these people are relying on capital gains to turn a long-term profit. Of course not having to make use of negative gearing puts you financially better off, but it means that if you DO take a loss, the actually losses are reduced from if negative gearing was not available.
01:09pm 11/02/14 Permalink
RuleofBooKz
Melbourne, Victoria
1046 posts
Detroit bankruptcy
01:25pm 11/02/14 Permalink
Rdizz
Brisbane, Queensland
2560 posts
btc and cpu shares.


+1
06:20pm 11/02/14 Permalink
CubanPete
Brisbane, Queensland
105 posts
They are $4.16 now, so you mean they will drop to $3.00 eh?


Tollaz0r!, they are listed on both nasdaq and asx. About 75c on the asx right now.
09:05pm 11/02/14 Permalink
infi
Brisbane, Queensland
21198 posts
I yielded a comfy 22% for my super fund last year. Have just pumped a tonne of dough into Crown Casinos. I am also using a managed fund which focuses in high yielding stocks mostly across the big blue chips for stable returns. Investing in gold? Sure have a dabble but don't bet your house on it. I also have spots in Microsoft and Apple. Plenty of other interests across the hybrid convertible, some Aurizon, all of the banks, looking for an entry point on Telstra. Steer clear of the miners. Good luck.
09:59pm 11/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15142 posts
A moderate to high risk but high return stock is DLS, they are pumping out Oil and Gas fro the Cooper Basin. That is the one I sold recently in a big upspike. Good news came out, Share price jumped 12% or something on open and I didn't catch it until around 11pm where it had dropped down to 8% or so and sold it then, it dropped down a fair bit the following few days and has recovered, not passed the point I sold it at yet.
I'm waiting to see if it will have another run down.
10:09pm 11/02/14 Permalink
Nerf Stormborn
Brisbane, Queensland
8269 posts
Aw man, that inspired me to look into an oil and gas stock that I held onto for like 11 years, bought when I was in school and starting out an investment-until-billionaire plan, finally sold it about 2 years ago and broke even (minus inflation and fees) and turns out that it peaked at triple that for a few months straight not long after. :( It wasn't a whole lot of money, but it just drove me mad for like 10 years.
03:12am 12/02/14 Permalink
Spook
Brisbane, Queensland
37398 posts
i paid for my house deposit back in the day with some neato managed funds that cleaned up.
05:48am 12/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6716 posts
So what's a good managed fund?
08:56am 12/02/14 Permalink
infi
Brisbane, Queensland
21200 posts
Check out Plato.
08:56am 12/02/14 Permalink
paveway
Brisbane, Queensland
19214 posts
pink sheets bro
09:36am 12/02/14 Permalink
RuleofBooKz
Melbourne, Victoria
1065 posts

this seems interesting but would you make investment decisions based on it?

The expert who predicted the global financial crisis has a dire warning for Australia’s property markets. Melbourne, Sydney, Brisbane and Perth are on the verge of the most violent property collapse since the great depression, economist guru Harry Dent has said. Speaking exclusively with 7News, the author, economist and property guru says as an entire country, Australia is the most over-valued real estate in the developed world. “I think it’s probably going to go down at least 30 percent to kind of take off the bubble, [and] I think 50 percent down the road is even more likely,” Mr Dent sai.
https://olduvaiblog.wordpress.com/tag/housing-bubble/

He did call the 2008 GFC


03:06pm 12/02/14 Permalink
infi
Brisbane, Queensland
21201 posts
put 12 economists in a room and you will get 13 opinions.
03:32pm 12/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6717 posts
Dent is a seppo and trying look at our market through the prism of the yank property market is always going to be difficult.

I don't think Dent has any concept of first home buyer grants, negative gearing, smsf property investors and rapid population growth.
07:12pm 12/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15145 posts
I'm about to drop $7K on a 24% (annum) roi, paid quarterly. Well its really 19% because of the lost interest on the home loan. Almost risk free.

I'm shopping around to try drop it down to $5000 to boost that ROI up a bit.

Too good to be true? Thanks GOVERNMENT!



last edited by Tollaz0r! at 19:34:55 12/Feb/14
07:31pm 12/02/14 Permalink
sLaps_Forehead
Brisbane, Queensland
6718 posts
07:42pm 12/02/14 Permalink
hardware
Brisbane, Queensland
10904 posts
tell us more toll, what returns 24%pa almost risk free?
09:27pm 12/02/14 Permalink
120NIN
72 posts
Wow that Dent video gives me a bit of a second guess moment, but the fact that he has a book out gives the fact that he may have an agenda a bit of context, or does it?

I'm no real estate mogul, but my property here in Perth has probably increased in value $80,000 in the last year. And due to its proximity to the city centre and a whole lot of new infra-structure being implemented and or slated to be implemented in the near future it seems unlikely the arse would fall out of property value in the near future.

But to be fair this needs to be put into context due to W.A's property boom being fuelled largely by the mining boom, with particular reference to the China explosion i.e alot of our mining boom has been enabled by China's corresponding need for resources that coincidentally, we are able to provide. So if China were to stop buying, I dunno, it couldn't be a good thing. People on parts of the east coast with similar relevant resource rich materials are probably experiencing similar gains(again, I'm no real estate mogul so I'm just guessing here).

Whilst what Dent is saying kind of resonates - perhaps due to the fear of losing what you've gained chestnut, admittedly - it would seem counter-intuitive to simply sell up based solely on what some yank with a new book out and a bit of opportunistic mining of age old human fears for personal benefit says.

But at the same time I'm going to keep an eagle eye on developments in relation to real estate trends in the next year or so *chortle
09:56pm 12/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15146 posts
Hardware, I can double my solar panels and keep my tasty 50cent feed in tariff due to having installed a inverter twice the size of my current system. Hooraa!
10:19pm 12/02/14 Permalink
Obes
Brisbane, Queensland
10236 posts
futures

You said investing in the topic ?
11:06pm 12/02/14 Permalink
hardware
Brisbane, Queensland
10905 posts
ah yes, solar, where the feed in tariff is high at the expense of all the people who can't afford solar.
11:39pm 12/02/14 Permalink
Phooks
Brisbane, Queensland
2757 posts
^^ha.
11:40pm 12/02/14 Permalink
greazy
Brisbane, Queensland
6232 posts
I'm about to drop $7K on a 24% (annum) roi, paid quarterly. Well its really 19% because of the lost interest on the home loan. Almost risk free.
I'm shopping around to try drop it down to $5000 to boost that ROI up a bit.
Too good to be true? Thanks GOVERNMENT!
last edited by Tollaz0r! at 19:34:55 12/Feb/14

Where the hell do you get 24%? Is this some scheme from first home buyers to save up for a deposit?
10:40am 13/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15148 posts
As I said above, QLD 44cent feed in tariff was far far too generous and I've spare room on my system to get more, unfortunately I can only add an extra 2kw, maybe even 1kW more with some trickery of placing extra panels just so..

I already have the numbers from my current system. Problem is $7k for 2kW is expensive, still a good rate of return though.



10:46am 13/02/14 Permalink
greazy
Brisbane, Queensland
6233 posts
As I said above, QLD 44cent feed in tariff was far far too generous and I've spare room on my system to get more, unfortunately I can only add an extra 2kw, maybe even 1kW more with some trickery of placing extra panels just so..

I already have the numbers from my current system. Problem is $7k for 2kW is expensive, still a good rate of return though.

Ohhh, got it. I thought the tarrifs are going down as time goes on? The initial price was to attract people... right?
10:51am 13/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15149 posts
The current tariff for new systems is 8c, with 28cents to buy in. So it makes a big shift in how to best use panels.

It changed it from the absurd here make some free money, to a here save money by using as much power as you can from your solar during the day, ie cooking/washing/aircon/ whatever you can do to not use power when the sun goes down, ie during peak times.

But since I got it, better use it until they force the 44cent tariff to go. If you sell your house how change your inverter size you lose the tariff.
12:05pm 13/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15152 posts
Booya! $5000 for a total replacement and keeping 44cent feed in. Also keep the old system. ROI just jumped up significantly.
02:02pm 13/02/14 Permalink
RuleofBooKz
Melbourne, Victoria
1071 posts
toll you must feel just like how the top executives feel at the big energy utility corps ;p
03:05pm 13/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15157 posts
Nahh they feel heaps better with their yachts.
03:13pm 13/02/14 Permalink
Spook
Brisbane, Queensland
37409 posts
cpu (computershare) shares going bunta atm.

IM RICH B******
09:30pm 13/02/14 Permalink
infi
Brisbane, Queensland
21203 posts
it will offset your bitcoin investment spook
09:42pm 13/02/14 Permalink
Spook
Brisbane, Queensland
37410 posts
haha, most of my btc investment funds went on my new knee parts.

im still looking to buy btc when petal lets me have some more cash.
09:43pm 13/02/14 Permalink
Python
Sydney, New South Wales
2047 posts
mmmmm negative gearing!
10:50pm 13/02/14 Permalink
greazy
Brisbane, Queensland
6235 posts
itt solar pannel savvy tollz and pussy whipped spook

oh what a contrast
01:02am 14/02/14 Permalink
Spook
Brisbane, Queensland
37412 posts
yo bro, i got panels too, im getting 56c back from agl, so im makin money there too.
06:03am 14/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15168 posts
How big is your system and what did you pay for it?

I'm getting 3kW system for $5k and keeping my current 1.5kW system. Cost is average cost for 3kW system in Brisbane. In about 6 months time I can add the 1.5 system (which cost me $1500 3 years ago) onto the 3 to overclock my system. If everything runs properly, of which it should, it will pay itself off in 2.5 years and bring in the money from then onwards. The 44cent (I'm getting 50 cents) lasts until 2028 unless the government stops it. So much free money.
08:57am 14/02/14 Permalink
Spook
Brisbane, Queensland
37414 posts
i went 3.2kw for 6k.

could have gone cheaper, but liked the products and the history of the mob we dealt with.

they did an awesome install.

only issue i have with my inverter is the s***** data interface (rs232? wtf, its not 1989 anymore)

CSA Solar did our install. ET panels and a xantrex inverter.
09:02am 14/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15170 posts
Yeah I gave CSA a call waiting on their quote.

Positronic quoted the 5K and checked our house out.

So all in all I'm paying $7000 for 4.5kw and 2 3kW inverters. The first s***** one also only has rs232 and is a SunnyRoo, I won the lottery with it and it is still working. The new one has bluetooth and all that tracking jazz for geeky bliss.
10:06am 14/02/14 Permalink
Spook
Brisbane, Queensland
37416 posts
yer, csa are awesome, highly recommend them.

i thought the max we could have at home was 5kw!?

i gotta get around to doing my rs232 to cat5 conversion and run it up through the floor into the pc so i can track my dailys.

pretty happy, see anywhere between 10 and 20kwh per day
11:23am 14/02/14 Permalink
hardware
Brisbane, Queensland
10908 posts
You do all realise that the 44c feed in tariff is a massive injustice though, right? And that it's just going to push power prices up over the coming years?
11:49am 14/02/14 Permalink
Spook
Brisbane, Queensland
37417 posts
sounds like somebody else's problem bro.
12:03pm 14/02/14 Permalink
paveway
Brisbane, Queensland
19226 posts
I'd be pretty surprised if it actually lasted until 2028
12:05pm 14/02/14 Permalink
Spook
Brisbane, Queensland
37418 posts
someone will be hearing from my lawyers if it doesnt.
12:11pm 14/02/14 Permalink
infi
Brisbane, Queensland
21205 posts
they will just scrap it like that other failed government project, the pink batts
12:14pm 14/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15171 posts
O for sure they will scrap it, as long as it lasts for about 3 years which I don't see why it wont at this stage. That and equipment failure, although 5 year warranty on a system that pays itself back in 2.5 years shouldn't be an issue.

The may just leave it, as the 44cents is lost if you sell your house, change names on the electricity contract or get a bigger inverter. So the amount of people on 44cent feed in with erode with natural attrition anyway.
02:09pm 14/02/14 Permalink
copuis
Brisbane, Queensland
4852 posts
You do all realise that the 44c feed in tariff is a massive injustice though, right? And that it's just going to push power prices up over the coming years?



how is it an injustice?, they invested in the product (and think of those that got in really early) and this is the reward, the desired effect imo was to drive down the price of the product, which it has done

it has also to the best of my knowledge helped lower (minorly) the base load, which has helped put off having to build an extra power plant

the next hurdle would be having a better (or some) storage solution to help lower the baseload even more, which would help more again!
03:40pm 14/02/14 Permalink
hardware
Brisbane, Queensland
10909 posts
Power stations are built based on peak load not base load

Peak load is 4pm-8pm. Solar ain't providing s*** at that time.

What kind of businesses can work on buying at a higher price than the sell price?

Considering half of the cost of power is costs other than generation.

Queensland demand would be noise in terms of lowering cost of solar systems.
04:21pm 14/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15172 posts


it has also to the best of my knowledge helped lower (minorly) the base load, which has helped put off having to build an extra power plant


No way has it lowered my peak load (lolz), In fact I'm far better off using as little power during the day as I can putting as much of it off until the evening when it is cheaper for me to use, thus doing the exact reverse of keeping costs down.

The 8cents feed in tariff is the total opposite, I would be heaps better using as much power during the day as my solar provides and use as little power as possible during the night, hence reducing peak load.

So now the policy is correct.

I also suspect that the 44cent feed in tariff was way way way too generous and caused a MASSIVE uptake in solar, all in a short period of time costing electricity companies money having to build stuff to deal with the extra voltage and other problems, WHILST also building for peak usage.

Never mind, its all over now, except for that that have it. If Only I had the balls to get a massive system 3 years ago. O well, still what I have now is serving me well.



What kind of businesses can work on buying at a higher price than the sell price?


Pretty sure the government is chipping a majority of the feed in tariff.
04:37pm 14/02/14 Permalink
hardware
Brisbane, Queensland
10912 posts
Toll you're one of the very few people that actually understands the full implications of solar. The attitudes that the masses have exemplify the short-term, unethical, it's-all-about-me thinking that is eroding the good things about the Australia we know and love.

Yes the 'government' is chipping in in some way for the feed-in tariff for now. It only needs a minor accounting shift for them to assign the cost of the feed in tariff to be wholly supported by the price of electricity, resulting in even more major price hikes.

The 44c feed-in tariff should never have happened. The 8c tariff perhaps is a tiny bit on the low side, but waaay closer to accurate. As you say, the 44c tariff promoted all the sorts of behaviour that you don't want for power generation purposes, like the incentive to shift power usage towards the evening. Bad.

I think solar is excellent, and that virtually every home should have it. I look forward to the day when 'you don't have solar?' comes with the same attitudes as 'you don't have a computer/television/mobile phone?'. My issue isn't with solar, but simply government policy.

I do also understand that talking about this is kinda 'shutting the gate after the horse has bolted' also.
01:38pm 15/02/14 Permalink
RuleofBooKz
Melbourne, Victoria
1083 posts
8 cents is on the low side - i bet to offset all the 44 cent'rs.

But on the CSA solar site they said this:

The current Queensland solar feed-in tariff is paid at 8 cents per kilowatt hour (kWh). Some electricity retailers are offering an additional incentive, with the best rate of 16 cents per kWh, making it worthwhile to shop around.

So Im looking at getting solar soon so thanks for the CSA tip but at 8 cents feed in it doesn't seem worth investing in a large system for 2 person household. I shall j have to look into getting 16 cents and what the conditions are. Probably going to go a 1.5kW system. 1.5k for a 1.5kW system seems very cheap tho?
02:20pm 15/02/14 Permalink
Dodgymon
Brisbane, Queensland
2564 posts
The only condition of the 16c is that it isn't available with any other offer.
I was on a 10% discount which worked out to be around $80 per bill whereas I will get around $180 back on the 16c plan.
03:21am 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15180 posts
When I buy my next house, if they don't have solar I'll be using that among other things to chip down the price of the house.
09:26am 16/02/14 Permalink
paveway
Brisbane, Queensland
19232 posts
When I buy my next house, if they don't have solar I'll be using that among other things to chip down the price of the house.


lol good luck with that
09:40am 16/02/14 Permalink
hardware
Brisbane, Queensland
10915 posts
like mag wheels on a car, solar holds no +/- value in the price of a house
09:42am 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15181 posts
It does to me, A house without solar = hefty power bills unless you buy you own. One with = less to no power bills.

It is a factor for house buying for me, and I'm sure others and will become more so as electricity prices rise, which I think they'll level out over sometime next year or the year after.

When haggling down the price of a house, everything helps.
10:37am 16/02/14 Permalink
paveway
Brisbane, Queensland
19234 posts
When more houses have solar than not you would be in a position use it as a bargainijg tool

I wanted a large shed when i was looking for houses, i should have asked people without sheds to knock the cost of a shed ($20ish k) of the price because a shed matters to me
10:59am 16/02/14 Permalink
hardware
Brisbane, Queensland
10916 posts
by the time it becomes an expected feature it'll be so cheap it won't matter
05:05pm 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15183 posts


I wanted a large shed when i was looking for houses, i should have asked people without sheds to knock the cost of a shed ($20ish k) of the price because a shed matters to me


And why not, the worst they could have said was no.
05:08pm 16/02/14 Permalink
natslovR
Sydney, New South Wales
8334 posts
When I sold my last property I listed it on the advert: WARNING home does not have large shed or solar power

Then I just pointed at my sign when they tried to talk me down, uh uh mate, you knew!!
05:12pm 16/02/14 Permalink
FaceMan
Brisbane, Queensland
10999 posts
you wont get the 40+c tariff for Solar if you buy a House now with Solar already installed.
You will get 6c or w/e it is now.

pay your fair share for using the electricity Network ya Bums.

06:41pm 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15184 posts
No s*** Faceman, it was mentioned above. It's 8cents at last check.

I paid my fair share, about time someone else pays for mine.
06:43pm 16/02/14 Permalink
Spook
Brisbane, Queensland
37443 posts
pay your fair share for using the electricity Network ya Bums.

no
06:43pm 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15185 posts
Hi five Spook. No more balls on facebook plz.
06:45pm 16/02/14 Permalink
Spook
Brisbane, Queensland
37444 posts
was it you who reported me!??!?!?!?
06:47pm 16/02/14 Permalink
Tollaz0r!
Brisbane, Queensland
15186 posts
Sif, pretty sure those balls reported themselves.
06:51pm 16/02/14 Permalink
Spook
Brisbane, Queensland
37445 posts
i was totally unaware they were balls, i thought they were just a hairy heart!
06:56pm 16/02/14 Permalink
FaceMan
Brisbane, Queensland
11000 posts
pics or lyin'
07:55pm 16/02/14 Permalink
Spook
Brisbane, Queensland
37446 posts
08:04pm 16/02/14 Permalink
system
Internet
--
08:04pm 16/02/14 Permalink
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