Cash in Oz chips and take to blighty while house prices ok and exchange lowering ?

Cash it in before the exchange rate changes. Not sure about house prices though. London and the South East has been flying for the past 2 years.

I was reading this until I saw the name Steve Keen

Anything that refers what he has to say is worthless

That could be about to change: http://www.guardian.co.uk/money/2013...use-prices-obr

But with a huge population and limited housing stock it's hard to see how prices wont go drastically up in the next few years. Failing that, it's a good landlords market.

True, but OZ also its a massive internal housing bubble, the only one not to correct itself.
Uk too mired in debt to recover,and worse eurozone yet to come.

Did London and the South East ever have a housing bubble burst? Maybe slightly in 2008 or so but it came back very quickly and has moved onwards and upwards.

I called for a housing bust for a long time but I've been amazed at the shenanigans governments will get up to to inflate and keep asset bubbles inflated. I mean appalling stuff like ZIRP, money printing, debt forgiveness, joint ownership stuff. Anything and everything, unbelievable.

So essentially a "free and fair" market doesn't exist. I think the Aussie government will do absolutely everything possible and more to prop up the housing market here if there is any sign of a bust.

Free markets anyone?

The piggy on the left is Bernie Madoff, LIBOR rate rigging 2nd left, misselling PPI 3rd left, short selling billions of shares and deliberately talking down their price to make squillions a la hedge funds ..........................

Free markets aren't necessarily fair.

Ideally Free Markets have Zero Information Asymmetry

===> which in the Real World is N/A

The AUD has hit JPY100!

Booyah!

I have no idea what factors affect a rate of exchange. I just know that I'd like to see the rate reach at least $2 to the £ asap!!

Can someone please advise what needs to happen in Australia and/or the UK for the rate to change so I can try to understand how this works.

Sorry but from the Daily Wail. Heres one reason

http://www.dailymail.co.uk/news/arti...S-reveals.html

...an economic miracle in the UK plus a recession in Australia would probably do it.

You wouldn't need a recession in Australia. You could even have a booming Australia with historic growth.

All you'd need for a collapse in the AUD is bad news from elsewhere, like things going south in the US or China having a hiccup.

People have mentioned carry-trade as one of the reasons why the Australian Dollar has been heavily speculated on, with the Yen being used for that. With the Japanese gov't intent on weakening the currency it makes sense to indebt oneself in Yen and move the money elsewhere.