iamthecreaturefromuranus

There are rich people in Burkina Faso as well.. it means nothing.

As a nation the UK is, currently, a financial basket case.

eugene43

These are general people.

iamthecreaturefromuranus

If you say so.

MartinLuther

I think in the military, generals are well paid.

Centurion

I'm not suggesting that people generally in the UK do not have money. Even some of those on benefit seem to scrape enough for package of fags and Sky. The government on the other hand does not have any money in the coffers and owes a large credit card bill.

Don_Angel

I had the max amount about 10 years ago, I think it was £20,000 back then and I got £50 most months sometimes £100 and even £500 once. It was always nice seeing that envelope from Blackpool, how much is Ernie is giving me this month, the only one that was never a bill :-) But it fell of a cliff as the rates went down and not so much fun.

jad n rich

Yes I imagine if they are paying 1.5% interest ( thanks for link ) the prize pot is hardly running over

Because of changing circumstances/countries once kids finish school were watching 3 currencies, all I know is they never do what the 'experts' or logic would predict.

One thing I do know is for many years we had funds all in OZ dollars rather like pouring your life savings down the loo at times, totally terrifying. Now would be a great time to get it all out, but were tied up here for a bit yet

koalakim

Back to $1.65 again! That's what it was nearly 4 months ago as we left for the UK and changed a bit more thinking 1.65 had been the best for months and get it whilst we could - ha! ...then it improved!

So which way now....down again or static? A$ doing well again so can't see it going up again.

Swerv-o

It's done this because last week I ordered a computer system from the UK, so as soon as I make a reasonably large purchase, you can expect the exchange rate to head in a direction likely to frustrate me...


S

Alan-

Thought I'd just throw this in the mix, and bump the thread back up !

http://au.finance.yahoo.com/news/Aus...91390.html?x=0

I think they maybe right....

Things are a little slow on the Gold Coast at the moment.... I think people are just sick of hearing all this talking up all the time, by vested interests, in comparison to their own real experiences.... there seems to come a time when reality kicks in ?

Alan

littda01

IMO, the Aussie is now topping. Its hard to see the economic picture getting a whole lot stronger going forward (i.e. the markets perception of Aussie economy is extremely good, so it will have a hard time living up to those expectations). OTOH, the GBP and USD may have further to go down. These could balance out.

On a similar note, a question - I notice that auction clearance rates in Brisbane have been in the 20s the last few months. Is that normal, or is there a different process there v Mel/Syd, where rates are currently in the 60s?

bcworld

Auction is a far less common method of sale in Brisbane - but a percentage is still a percentage - I guess smaller numbers of auctions could lead to big changes in the clearance rate. 20s still seems very low though.

littda01

I guess I should have been clearer, I meant perhaps the clearance rate is in the 20s, but in fact they're all selling afterwards and not reflected in the numbers.

http://domainmastheads.homepriceguid...s/Brisbane.pdf

Les Avalook

Could they be right?

http://www.smh.com.au/business/marke...920-15i8l.html

77hil

I've read reports by Merrill Lynch and HSBC that say that the AU$ has hit its ceiling and will loose 20% by the end of the year. They also said that October is thought to be the month when it starts falling as bad data from the US looses the appetite for risk.

Who knows at the end of the day but I'm keeping my fingers crossed. Like property here, the AU$ is way overvalued.