***EXCHANGE RATE***
Aug 17th 2007, 6:43 am
#31
you lucky, lucky b'stard!
Joined: Aug 2006
Location: Secret Harbour
Posts: 381
Re: ***EXCHANGE RATE***
2.533, getting beter all the time
Aug 17th 2007, 8:49 am
#32
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: ***EXCHANGE RATE***
How have you found them to be?
We've looked into them and they seem really good, esp the secutiry of knowing exactly where your money is! Spoke with HIFX today who were trying to get me to buy buy buy, but when I spoke to hubby the difference on the amount we're exchanging from say 2.5 to 2.3 is negligable and the peace of mind I think we'll get from Commonwealth will be worth it.
Would love to hear your thoughts - we are looking at the interest-bearing account where you can monitor rates. Which have you gone for?
Thanks!
We've looked into them and they seem really good, esp the secutiry of knowing exactly where your money is! Spoke with HIFX today who were trying to get me to buy buy buy, but when I spoke to hubby the difference on the amount we're exchanging from say 2.5 to 2.3 is negligable and the peace of mind I think we'll get from Commonwealth will be worth it.
Would love to hear your thoughts - we are looking at the interest-bearing account where you can monitor rates. Which have you gone for?
Thanks!
So we went to HSBC..........
Aug 17th 2007, 9:04 am
#33
Banned
Joined: May 2005
Posts: 273
Re: ***EXCHANGE RATE***
77.19 US, is that true?!!!
Aug 17th 2007, 9:57 am
#35
Forum Regular
Joined: Nov 2006
Posts: 108
Re: ***EXCHANGE RATE***
In summary, my opinion:
UK Property Market: stagnant to *****ed
Australian Property Market: mildly frothy to stagnant depending on region
Last edited by HCJ; Aug 17th 2007 at 10:29 am.
Aug 17th 2007, 10:29 am
#36
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Joined: Jan 2005
Location: with the Carnaby cockatoos
Posts: 526
Re: ***EXCHANGE RATE***
From oanda.com
Friday, August 17, 2007
1 US Dollar = 1.24883 Australian Dollar
1 Australian Dollar (AUD) = 0.80075 US Dollar (USD)
Friday, August 17, 2007
1 US Dollar = 1.24883 Australian Dollar
1 Australian Dollar (AUD) = 0.80075 US Dollar (USD)
Aug 17th 2007, 3:25 pm
#37
Forum Regular
Joined: Jan 2007
Location: Gold Coast
Posts: 130
Re: ***EXCHANGE RATE***
We're thinking of using Commonwealth - from our dealings with them so far they sound ok. How did they not have a record of your account in Oz? Didn't london give you details of where your money had been transferred to? Or did you just open an account rather than transfer any money to it through them?????
Aug 17th 2007, 3:38 pm
#38
Banned
Joined: Feb 2007
Location: In one big housing bubble!
Posts: 177
Re: ***EXCHANGE RATE***
And this ain't gonna help?
http://news.bbc.co.uk/1/hi/business/6951171.stm
Hips extended to three-bed homes
Aug 17th 2007, 4:11 pm
#39
Forum Regular
Joined: May 2007
Posts: 47
Re: ***EXCHANGE RATE***
Ive just locked in @2.497 aus dollar for my pound my life savings house sale and the wife was sold. Hifx want 10% though oh well considering it was 2.25 a little while ago.
Whoopeeee!
Whoopeeee!
Aug 17th 2007, 4:19 pm
#40
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Posts: 405
Re: ***EXCHANGE RATE***
You sold the wife ? What price are they going for ? I've got a slightly used one I could chuck in with the house sale and washing machine
Aug 17th 2007, 4:58 pm
#42
BE Forum Addict
Joined: Jan 2007
Posts: 3,991
Re: ***EXCHANGE RATE***
The current volatility in the financial markets was driven by ridiculously optimistic valuations of US mortgage securities. I think this will inevitably lead to a tightening of lending criteria in most major economies - no more 30 year, 100% LTV, 7 x income, interest only mortgages where the sole supporting documentation is a Tesco Club Card. The US residential housing market is in full crash mode driven by higher borrowing costs and there will be difficult times ahead for the UK house market. I don't know enough about the Australian market to say definitively but I think a climate of risk averse credit availibilty and upward pressure on interest rates will have a similar effect. So, it may all balance out.
In summary, my opinion:
UK Property Market: stagnant to *****ed
Australian Property Market: mildly frothy to stagnant depending on region
In summary, my opinion:
UK Property Market: stagnant to *****ed
Australian Property Market: mildly frothy to stagnant depending on region
GREAT just as i was beginning to think positiveSO does that mean the housing market is about to crash? OH for F*** S*** on news now about HIPS.
If you were offered a lot lower than market price for your house like £30k lower would you NOW take it?
Last edited by daunted; Aug 17th 2007 at 5:01 pm. Reason: fed up
Aug 17th 2007, 5:13 pm
#43
Banned
Joined: Feb 2007
Location: In one big housing bubble!
Posts: 177
Re: ***EXCHANGE RATE***
It depends on what your house is worth, if its up for 300k, then yes i would knock 30k off to ged rid of it, as it is only 10%, so well worth it, as you can regain this loss when making an offer on your new property if you get your timing right in a falling market?
But if you property is up for 100k, then tell them to sod off, its much dependent on your sale cost you see.
When your a seller you want rising prices, but when you are a buyer like me, when you arrive in OZ, you may find properties are not shifting so quick, so could be in a good position to negotiate a good reduction, but do your research on different areas, rent for a while, good luck!
Aug 17th 2007, 5:22 pm
#44
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Joined: Jan 2007
Posts: 3,991
Re: ***EXCHANGE RATE***
If your house is on the market already, prior to the HIPS introduction date, then i think you will be fine, i think it is only for new sales after the intro date etc? So get ready for alot of competition, rush to get it on the market before the beginning of September, to avoid HIPS? Or maybe there will be alot of two bedroom houses with ten studies etc?
It depends on what your house is worth, if its up for 300k, then yes i would knock 30k off to ged rid of it, as it is only 10%, so well worth it, as you can regain this loss when making an offer on your new property if you get your timing right in a falling market?
But if you property is up for 100k, then tell them to sod off, its much dependent on your sale cost you see.
When your a seller you want rising prices, but when you are a buyer like me, when you arrive in OZ, you may find properties are not shifting so quick, so could be in a good position to negotiate a good reduction, but do your research on different areas, rent for a while, good luck!
It depends on what your house is worth, if its up for 300k, then yes i would knock 30k off to ged rid of it, as it is only 10%, so well worth it, as you can regain this loss when making an offer on your new property if you get your timing right in a falling market?
But if you property is up for 100k, then tell them to sod off, its much dependent on your sale cost you see.
When your a seller you want rising prices, but when you are a buyer like me, when you arrive in OZ, you may find properties are not shifting so quick, so could be in a good position to negotiate a good reduction, but do your research on different areas, rent for a while, good luck!
My house is already on the market so i guess i am ok from HIPS. it is well under £300k (£155k) so i guess i should hang tight for a while
Does anyone know if i will have to do HIPS in 6 months or so if it still hasnt sold??
Thanks for your patience, im (in true norven speak) rite fed up
Aug 17th 2007, 5:24 pm
#45
Forum Regular
Joined: May 2007
Posts: 47
Re: ***EXCHANGE RATE***
If your house is on the market already, prior to the HIPS introduction date, then i think you will be fine, i think it is only for new sales after the intro date etc? So get ready for alot of competition, rush to get it on the market before the beginning of September, to avoid HIPS? Or maybe there will be alot of two bedroom houses with ten studies etc?
It depends on what your house is worth, if its up for 300k, then yes i would knock 30k off to ged rid of it, as it is only 10%, so well worth it, as you can regain this loss when making an offer on your new property if you get your timing right in a falling market?
But if you property is up for 100k, then tell them to sod off, its much dependent on your sale cost you see.
When your a seller you want rising prices, but when you are a buyer like me, when you arrive in OZ, you may find properties are not shifting so quick, so could be in a good position to negotiate a good reduction, but do your research on different areas, rent for a while, good luck!
It depends on what your house is worth, if its up for 300k, then yes i would knock 30k off to ged rid of it, as it is only 10%, so well worth it, as you can regain this loss when making an offer on your new property if you get your timing right in a falling market?
But if you property is up for 100k, then tell them to sod off, its much dependent on your sale cost you see.
When your a seller you want rising prices, but when you are a buyer like me, when you arrive in OZ, you may find properties are not shifting so quick, so could be in a good position to negotiate a good reduction, but do your research on different areas, rent for a while, good luck!
i`m all of a flutter