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The state of the economy at the street level

yes the local Rivers store is now selling the shop fittings as well as the last of the stock they have

( sadly i hold MOZ )
 
How do you qualify for it, what are the conditions? minimum spend, promise you first born etc

If it isn't a con I'm in, my missus spends stupid amounts of money on plants at Bunnings, we can't even sit down in our patio now.
 
How do you qualify for it, what are the conditions? minimum spend, promise you first born etc

If it isn't a con I'm in, my missus spends stupid amounts of money on plants at Bunnings, we can't even sit down in our patio now.
Some garden supplies got the discount, others do not..not always obvious why.
Does not apply to discounted items
 
The last few electric hand tools (work light, 1/2" rattle gun, 3/8 hand ratchet, brushless motor hand chainsaw ) I've bought have been straight from aliexpress via china, all working well at a fraction of the price of what you would pay in Bunnings. More hobby type tools
like the Ozito brand, but they get the job done.

I could buy 3 or 4 of them for the price of 1 in Australia and still have change left over. The best thing is that you can buy spare parts for them, for less than the cost of the original purchase, rather than having to throw them away.

Also, I don't need different batteries and chargers for every device, because they all run on the Makita batteries. The batteries I have are over 3 years old and are still working fine. I had a tree fall on one of the battery packs, it cracked the casing, and I just bought a replacement casing from Aliexpress. It's a $150 battery at Trade Tools, it cost me $26 in the first place.
 
Yeah I won't buy plug into wall tools or electronics. Mainly hand tools and that's only after I suss them out a bit. Brought plenty of handy bits and pieces that you just can't get in Australia.
 
I got all fancy an' **** and bought an AEG angle grinder (plug in to run off my big 240v li battery. Burnt it out in 3 months.
Pretty sad buying from a group (Electrolux) which makes washing machines.

Where is Electrolux made?​





Swedish multinational home appliance manufacturer Electrolux also owns a number of other brands, including AEG, Chef, Dishlex, Kelvinator, Simpson, Westinghouse, and Zanussi. You’ll find some of the company’s products, including washers, and dryers made in Thailand. Electrolux refrigerators are built in Mexico. It’s not clear whether or not any appliances from these brands are still made in Europe or not.

Ozito was sold to Einhell over five years ago. Another OZ manufacture bit the dust.
 
The AEG proved to be a poor purchase for sure.

Would appreciate a suggestion for when the Ozito eventually claps out.
 

If locals were left wondering how Peter Crown could afford the 1300-hectare land holding, a high-stakes legal battle recently settled in the Supreme Court reveals he did so care of $120 million in loans from three lenders, and on interest rates that began at 12 per cent a year and rose to a default rate of 72 per cent on one loan.
If that didn’t keep Crown up at night, there is also a Camden quarry redevelopment with rich-lister Robert Whyte that has gone sour, and a legal stoush looming over $3.3 million worth of real estate agent commissions.

But for those outside the various courtrooms in which Crown’s affairs are being laid bare, his loan arrangements act as a cautionary tale amid a boom in the private credit market.

The boom in debt​

Private debt has been one of the finance world’s bull markets of the past decade. According to the International Monetary Fund, globally the market quadrupled in the 10 years to 2023 to $US2.1 trillion.
In Australia, the Reserve Bank estimates it at about $40 billion, though consulting giant EY gives a much higher estimate of $213 billion, up from $35 billion in 2014.
The wildly diversified market ranges from the superannuation and funds management sector to smaller, private investors, with the whole spectrum of investment classes set to gain more attention from the corporate regulator.
 
they used to be called mezzanine loans

.... though I was never sure if there was anything of substance either above or below.
 
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