Just watching the rates today.. the pound has dropped to a shade under $2.50. It's been falling all week I guess based on poor consumer spending and house price woe.

Oz dollar was £0.41 last feb and now £0.40 which was a bad one and 13% down on the previous year.

I can't see a recovery this side of xmas, which is sad for anyone going to oz but I guess great for anyone coming back...

What you lose in the exchange rate you gain in the plummeting Australia house market, when purchasing property on the otherside. That's what I keep saying to myself anyway!

TBEB

Let's hope the election causes a crash in the AUD then

The US dollar is what’s causing it. Its loosing its appeal recently, and currency like the Euro have taken advantage of this. The Australian Dollar has a close allegiance to the Euro as an alternative currency.

What we need is the US dollar to gain some strength, thus gain some more appeal.

which feasibly it shoud do after those 2 muppetts stop shouting at each other and we get this election out of the way ....

Which two muppets? The Aussie ones or the American ones?
Not that we haven't got our own collection of muppets back here in the UK

Alastair

The Australian housing market is not plummeting - no how, no way!!!

It's slowed but prices in general are not dropping!!

THEY'RE ALL MUPPETS! Doesn't matter where they're from.

And Kerry - enlisting Springsteen and REM? Shocking!