Exchange rate AUD Vs GBP £1 buys $1.83
#271
Re: Exchange rate AUD Vs GBP £1 buys $1.83
As I understood it you had 6 years to sell an overseas property before paying CGT if you had bought here. If you are renting you may not get charged.
#272
Banned
Joined: Aug 2008
Posts: 22,348
Re: Exchange rate AUD Vs GBP £1 buys $1.83
I'm not sure of the finer details because I have resolved that I won't allow that to happen to me but as I understand it, if you buy here while still owning your former UK home the tax exposure is greater because your UK house then becomes an investment property.
#273
Forum Regular
Joined: Dec 2014
Location: UK
Posts: 46
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Need the AUD to drop further before we make the move out of here to 'Straya. $2.06 (or whatever you actually get) currently, close to $2.25 would be better.
#277
Forum Regular
Joined: Dec 2014
Location: UK
Posts: 46
Re: Exchange rate AUD Vs GBP £1 buys $1.83
What I'm earning either now or in Australia has nothing much to do with the exchange rate, only what I'll be transferring. So I'm rather confused with what you're going on about?
#278
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Not talking about what I'm earning. I'm talking about what I'll be transferring. Quite a difference.
What I'm earning either now or in Australia has nothing much to do with the exchange rate, only what I'll be transferring. So I'm rather confused with what you're going on about?
What I'm earning either now or in Australia has nothing much to do with the exchange rate, only what I'll be transferring. So I'm rather confused with what you're going on about?
#279
Banned
Joined: Aug 2008
Posts: 22,348
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Against the pound it's going up and down like a yo-yo this last 24 hours or so.
The behaviour over the last 5 years looks interesting:
XE.com - GBP/AUD Chart
The behaviour over the last 5 years looks interesting:
XE.com - GBP/AUD Chart
#280
Re: Exchange rate AUD Vs GBP £1 buys $1.83
It was 2.48 when we moved in 2007, then sold our place 2.5 years later it had dropped to 2 which I thought was a blip so stupidly we didn't transfer once the funds were in the bank. Then of course we found a block of land to buy and ended up transferring at 1.80 and that was good as it was continuing to plummet. Technically lost a shed load of money which as self-employed people could have made our lives a little more comfortable by having a smaller mortgage. Thank goodness we didn't leave it any longer as it then lost another 30c!
In the few years we've been here things have changed dramatically from the exchange rate to cost of living. If it's important to live in Oz then you may just have to bite the bullet financially, could be ok, could be a disaster but circumstances seem to change pretty quickly these days. Just consider you may never get here!
To be honest once you are here and earning A$ it's not so bad, interest rates are low so our mortgage has dropped a few hundred $ per month. Whatever we lost in funds to buy our place it's way cheaper than renting now!
In the few years we've been here things have changed dramatically from the exchange rate to cost of living. If it's important to live in Oz then you may just have to bite the bullet financially, could be ok, could be a disaster but circumstances seem to change pretty quickly these days. Just consider you may never get here!
To be honest once you are here and earning A$ it's not so bad, interest rates are low so our mortgage has dropped a few hundred $ per month. Whatever we lost in funds to buy our place it's way cheaper than renting now!
#281
Re: Exchange rate AUD Vs GBP £1 buys $1.83
The behaviour over the last 5 years looks interesting:
XE.com - GBP/AUD Chart
XE.com - GBP/AUD Chart
China protected Australia's economy (with Labor's help) whilst the rest of the world went to sh*t. We're now reverting to the longer term trend under the mismanagement of the coalition. Realistically it's going to take about another year to reach that point - if China can hang on. If China finally implodes then we'll see that graph spike.
#282
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
I'd suggest 10 year is more indicative.
China protected Australia's economy (with Labor's help) whilst the rest of the world went to sh*t. We're now reverting to the longer term trend under the mismanagement of the coalition. Realistically it's going to take about another year to reach that point - if China can hang on. If China finally implodes then we'll see that graph spike.
China protected Australia's economy (with Labor's help) whilst the rest of the world went to sh*t. We're now reverting to the longer term trend under the mismanagement of the coalition. Realistically it's going to take about another year to reach that point - if China can hang on. If China finally implodes then we'll see that graph spike.
China protected Australia's economy whilst Labor unwound Australia's very good economic standing brought about by the Howard government. As the cycle so typically goes. Let Labor create the mess, let the Coalition clean it up. We are in the clean up phase right now and it aint going to be easy without thrifty spending from the old China. Part of that recovery will be the currency. Regardless of China's current stock issues, which we work themselves out over the next few weeks or month, the dollar will need to slide to accommodate slowing of Chinese investing and as investors pull from risky currencies into more secure places as the world wobbles from Chinese and Greek activities.
#283
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Let's hope to hell we don't have to benefit from Abbott/Hockey's economic brilliance for a moment longer than legally required. We probably couldn't survive another term of that level of genius and could do with another term of Labor economic mismanagement to return to growth and intelligent budgeting....
#284
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Let's hope to hell we don't have to benefit from Abbott/Hockey's economic brilliance for a moment longer than legally required. We probably couldn't survive another term of that level of genius and could do with another term of Labor economic mismanagement to return to growth and intelligent budgeting....