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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Nov 5th 2009, 7:46 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Alfresco
Yeah weird! (i before e except after c)
Another badly taught rule in UK schools. Makes more sense if you go with the longer version (which seems more popular in the US): I before E except after C when the sound is EE.
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Old Nov 5th 2009, 11:22 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by TakenThePlunge
Bizarrely though, the pound went up after it was announced
that's because 50 billion was expected!

I'd like to know where all these billions go because they are not hitting my streets!!?
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Old Nov 5th 2009, 11:26 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
that's because 50 billion was expected!

I'd like to know where all these billions go because they are not hitting my streets!!?
Zimbabwe do it -lol.
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Old Nov 5th 2009, 3:13 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by ABCDiamond
I disagree again.

Prices did NOT fall between 1990 and 1996. They increased = Sold for more money than was paid.

The "real price index" however did decrease.
But this figure, which is not a price, is obtained by dividing the point figure of the nominal price index with the point figure of the Consumer Price Index of the corresponding time period and base year.

It is very important to talk about the right subject. Apples and Oranges.

However, if you want to work on the "Real house price index" for property, then you also have to accept that property prices have hardly risen in decades... eg:

1990 to 2009
Melbourne has risen at an average of only 1.23% per annum for each of the last 19 years.

Sydney though has risen by a massive 2.5% per year for those 19 years.
I agree with what you say mostly , yes house prices went up thats for sure . i know from my perspective i gained 9000 pounds on a house in the uk from 1987 to 1991 , bearing in mind that i could have got a lot more in the boom of 89. That house continued to decline back down to what i paid for it untill 1996 . So the english house gained nothing in 9 years in effect but if i had sold at the right time would have been worth double what i paid for it . That house is now selling for approxamtly 3 times what i paid for it 22 years ago .
Wages growth there hasnt even doubled for my industry ,so i guess that house now is more expensive in real percentage terms compared to income then it was when i bought it .
The first house we bought here was a total disaster it was 75000 dollars and we escaped stamp duty because it was our first home here in aussie , we sold after 12 months for 74000 minus agaent costs ,so we was well down . We then bought here for 80000 plus stamp duty and i have sold after 16 years for 700000 .So almost a 1000% increase in 16 years , a bloody good return .
The down side i guess though is the wages these days dont give the same oppuruhity as i had ,home were affordable and interest rates were high , now they are low rates and high houseprices .It is for this very reason in my opinion australia has to be very careful on how it alters interest rates and using them as a way to speed up or slow down the ecnomy , the margin for error is so small now for many people and i would say 50% of mortgage holders would get into financial difficulty if rates even went up to 10 % .The same goes for the uk too

Last edited by king kong; Nov 5th 2009 at 3:18 pm.
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Old Nov 5th 2009, 3:40 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MartinLuther
I think there's one next to the home cinema

http://images.theage.com.au/2009/11/...e8-600x400.jpg
All that money and the picture is blurry
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Old Nov 8th 2009, 8:42 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by dan.smith
Hi Guys,

With view to exchange rates, I contacted Axia Fx based over in Canary Wharf they were very helpful in trying to get me into the market at the right time. With the way the markets are at the moment it may be beneficial to speak to them about the mid-long term forecast.
Four posts all recommending the same company?? I think I fancy spam for tea!
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Old Nov 8th 2009, 9:51 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by HazBean
Four posts all recommending the same company?? I think I fancy spam for tea!
He's leaving the building.......
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Old Nov 9th 2009, 11:10 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by HazBean
Four posts all recommending the same company?? I think I fancy spam for tea!
bloody spam artists now is defo the WRONG time for trading £ forex buying aussie!

Just shows nobody exchanging at the mo when they resort to that! People still moving to oz but the £'s are staying home!
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Old Nov 9th 2009, 11:22 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
bloody spam artists now is defo the WRONG time for trading £ forex buying aussie!

Just shows nobody exchanging at the mo when they resort to that! People still moving to oz but the £'s are staying home!
i wouldnt have thought money came in to the equation when it comes to the aussie dream . After all they will get a better return in the bank and jobs that pay twice as much . Maybe time to bite the bullet for many migrants .
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Old Nov 10th 2009, 3:51 am
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Default Re: 1.93's A$ to the Pound!!!

Lol-that really is funny.Money not coming into equation?
If I had left the UK two years ago I would be more than 800,000 aus better off.(No joke serious)Anybody who says money not into the equation clearly doesnt have a grip(all due respect)
THe pound hasnt been this low in years and the ausie hasnt been higher.
You go out to OZ and u lose thousands now- some with a bit of equity behind them lose a lot more than that!
Not for the faint hearted that is for sure.It may not mean much to you but to many it means a hell of a lot!
I am sitting tight in UK.Be crazy to do otherwise!
It could drop further but all indications are it has bottomed and now slowly coming back but who am I to say?
I am the one who didnt do it two years ago and have been kicking myself ever since!
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Old Nov 10th 2009, 8:13 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by hanjack
Lol-that really is funny.Money not coming into equation?
If I had left the UK two years ago I would be more than 800,000 aus better off.(No joke serious)Anybody who says money not into the equation clearly doesnt have a grip(all due respect)
You go out to OZ and u lose thousands now- some with a bit of equity behind them lose a lot more than that!
Not for the faint hearted that is for sure.It may not mean much to you but to many it means a hell of a lot!
I am sitting tight in UK.Be crazy to do otherwise!
It could drop further but all indications are it has bottomed and now slowly coming back but who am I to say?
I am the one who didnt do it two years ago and have been kicking myself ever since!
no your not the only one 000 loss really stings
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Old Nov 10th 2009, 9:01 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by hanjack
Lol-that really is funny.Money not coming into equation?
If I had left the UK two years ago I would be more than 800,000 aus better off.(No joke serious)Anybody who says money not into the equation clearly doesnt have a grip(all due respect)
THe pound hasnt been this low in years and the ausie hasnt been higher.
You go out to OZ and u lose thousands now- some with a bit of equity behind them lose a lot more than that!
Not for the faint hearted that is for sure.It may not mean much to you but to many it means a hell of a lot!
I am sitting tight in UK.Be crazy to do otherwise!
It could drop further but all indications are it has bottomed and now slowly coming back but who am I to say?
I am the one who didnt do it two years ago and have been kicking myself ever since!
We really thought that after all the time and expense of getting our visa that would be the end of our waiting game. Not so. Like yourself, had we moved out 2 years ago we would have been seriously quids in but also like you we are having to hunker down at the moment. We're staying put and seeing how the economy goes. Our dream of having a year off and settling down and buying a nice house with pool has long since passed. Certainly with all the hard work and anguish entailed in emigrating it just wouldn't be worth it to us at the moment and we've worked too damn hard to see our cash dwindle so yep, we are playing another waiting game - like so many others.
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Old Nov 10th 2009, 9:33 am
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Default Re: 1.93's A$ to the Pound!!!

Yes, a lot of dreams being dashed at the moment!

We weren't after a McMansion - just a nice house with a small mortgage which a year ago (had we had the money then!) would have been fine - no worries literally but now it's a different story. (NB: this is based on housing stock in our area so maybe different for other parts of Oz)

I think we are all between a rock and a hard place at the moment so whether or not it's the right decision - we're taking on a bigger mortgage than we wanted to but at least we'll be paying off our property and not our landladies.

Sometimes I'm not sure if waiting is the answer - we waited to sell in the UK and buy here and now the situation is worse! Although waiting to come out here did work to our advantage - so who knows, it's back to wanting that crystal ball! Arghhhhhh.........life is so hard sometimes!
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Old Nov 10th 2009, 10:05 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by koalakim
Yes, a lot of dreams being dashed at the moment!

We weren't after a McMansion - just a nice house with a small mortgage which a year ago (had we had the money then!) would have been fine - no worries literally but now it's a different story. (NB: this is based on housing stock in our area so maybe different for other parts of Oz)

I think we are all between a rock and a hard place at the moment so whether or not it's the right decision - we're taking on a bigger mortgage than we wanted to but at least we'll be paying off our property and not our landladies.

Sometimes I'm not sure if waiting is the answer - we waited to sell in the UK and buy here and now the situation is worse! Although waiting to come out here did work to our advantage - so who knows, it's back to wanting that crystal ball! Arghhhhhh.........life is so hard sometimes!
I know, it's frustrating to know what to do. Something quite bizarre happened to OH and I today in regard to our intended UK house "re-purchase" - just a couple of days before exchange of contracts. So now it's off and we are sitting here wondering what to do next. If you find that crystal ball give it back - it's mine!
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Old Nov 10th 2009, 11:09 am
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Default Re: 1.93's A$ to the Pound!!!

Ah...maybe it's one of those "meant to be moments"....maybe something better might happen because of it!

Can be weird when things like that happen. We lost a house at exchange but on reflection I think it would have been a money pit. Then when we were buying the flat the vendor pulled out on the day of exchange BUT.....the one we really wanted came back on the market and was cheaper which made up for the losses.

So you never know what might be around the corner....

Good luck!

KK
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