koalakim

I think you are right and I do think we'll probably see some more of the recession emerging - I don't think we are out of the woods yet. Looking back recessions took years to get over and yet it's only a year since the big crisis and already people are jumping up and down about being out of recession!

The Aussie dollar can't remain too strong for too long as at some point other countries will stop buying exports. Already tourism is down and film makers and bands aren't coming to Oz because it's too expensive.

As for house prices - I guess they will continue to rise all the while people will stretch themselves to afford it. The problem with Oz now is not our British money coming in but Chinese. Reports in The Age recently have the cashed up Chinese buying up property but not even to live in but just as investments! Although I thought if you didn't have a visa you could only buy new off plan - or have they changed it? There are still 700 people a week arriving in Melbourne who all need somewhere to live and if they are bringing in something other than British pounds then us Brits will find it harder and harder with our worthless currency!

Don't forget even though we are overseas you can still vote in the general election: http://www.direct.gov.uk/en/Governme...ions/DG_073241 if you've been away under 15 years.

We are just mere pawns in the whole scenario!

iamthecreaturefromuranus

I don't see how that gets past the FIRB unless the 'Chinese' involved are Australian PR holders.

bcworld

...more than double that actually!

Pressure grows as Melbourne rockets to 4 million

The bureau estimates that Melbourne's population grew by 74,713 in the year to last June and, on revised figures, by 74,791 the year before that.

This means the population is growing by more than 200 people a day, or almost 1500 a week

hereandthere

The Japanese did this up and down the Qld coast before their economy collapsed, so it's nothing new. Indeed half the London property market is currently being held up by Russian investors. Over-valued land is the single biggest determinant in the West's downfall, but it was ever thus. Greed brought down many an empire before this one.

For now, FWIW, I'm going to be brave and part company with the Rogers/Faber SE Asia love-in and say I think we're looking at serious deflation. We will see, I guess, but one thing I am 100% certain of is that this "recession" is in fact a major depression and not even half way through.

king kong

news headlines state , interest rate rises here in australia soon ,expect the dollar to go higher certiainly against the pound .

paulry

Quite a few changes:

http://www.immi.gov.au/skilled/gener.../whats-new.htm

The changes which seem to have affected most people are the priority processing arrangements, tinkering around with the MODL and the introduction of a critical skilled list (CSL).

MrCro

my armchair predictions:-

Dec 09 - £1 = 1 ketchup sachet you normally get with an aussie meat pie for free!

Mar 10 - £1 = 1 quick smell of an aussies ketchup sachet just before he puts it on his pie crust

Jun 10 - £1 = 1 quick watch of the aussie eating and enjoying his pie that would have cost you £8.50 thanks to Mervyn Moaning King and Gordon Moron Brown!!!

MartinLuther

1.72 by the end of October

king kong

lol .like it :rofl

MrCro

I have to laugh otherwise I would be swinging by a rope from the nearest tree with the amount my equity has plummeted!!

My OH tells me off daily for working out how much little money we will have in A$'s!

Just hope these idiots really cannot stuff up the £ any more

Keith Moon

We go in a few days, i am rolling around on the floor, nice one!

It could go to parity, i would still go, just gotta get out of this place this comin winter, but that is a top post!

Have a Karma

Keith!

Damson

As for Gordon Brown, well the party conference is being held in my UK home town so I've asked my Mum and Dad to go and throw a few eggs at him although I'd like it to be more I might get done for something! As for Merv the Muppet's comments this week grrrr - thanks mate!


I was appalled to see that the auditorium where the conference is being held was only about half full. If they've given up, how the hell do they expect us to have confidence. I only caught the tail end of if on the news, but I think the labour party is rushing through a new law which commits them to cutting GDP by X% by 2014? Sorry to be vague, but what a completely futile gesture/gimmick and what an abuse of power to try to implement something legally so quickly. They are behaving more and more deperately. I really worry for the future. I was with someone recently who when Brown appeared on screen shouted "die" to him! The person is normally really mild mannered, but just shows the strength of feeling.

Swerv-o

I'd go with this. You've been correct (to within a couple of cents) with all your previous estimations!


S

bcworld

Why / how would they introduce a law to cut GDP?

bcworld

Yeah, yeah he's George Soros in disguise....just don't ask him for stock market advice!