FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

HAS THERE EVER BEEN A WORSE TIME TO IMMIGRATE TO AUSTRALIA FINANCIALLY?

SINCE DECEMBER 2007 25% HAS BEEN LOST IN THE CURRENCY CONVERSION (FROM 2.5 TO 2). ADD TO THIS THE 5 TO 10% WE MAY LOSE ON HOUSE VALUES IN THE UK (ACCORDING TO BEST CASE SCENARIO GOVERNMENT PREDICTIONS LEAKED TODAY).

THEREFORE THE AVERAGE UK HOME OWNER SELLING UP AND MOVING TO AUS TODAY WILL BE TAKING OUT AS MUCH AS 30% LESS THEN IF THEY LEFT JUST 5 MONTHS AGO.

ALSO, FOR THOSE LEAVING FOR OZ IN DEC 08, IF THE POUND LOSES ITS VALUE AGAINST THE AUSSIE AT THE SAME RATE AS THE LAST 5 MONTHS (AND THERE IS NO REASON WHY NOT) IT COULD EASILY BE A 60% LOSS IN MONEY THEN 12 MONTHS EARLIER.

MY WIFE AND I HAVE OUR HOUSE ON THE MARKET AND WANT TO SELL SO WE CAN LEAVE IN DECEMBER AS WE HAVE JUST BEEN GRANTED OUR VISAS. I AM ABSOLUTELY SICKENED TO SEE THE CURRENT ECONOMIC SITUATION FOR THE LIKES OF US AND IT WILL HURT US AND OUR PLANS BIG TIME.

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

YES I AGREE

BUT.......We are all in the same situation, just think of the main reasons you want to go in the first place. would you like to be skint in the UK where it rains 24/7, 365 or be skint in the sun & cooling off in the sea. keep you chin up x:thumbsup:

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

Yep but I see where the OP is coming from. We first started looking at emigrating in 05. The difference in prices to now is very different. It doesn't put me off tho'. Property prices are falling 30% according to recent surveys but the property market has never been any different. I have made a killing in months, a very small profit in years and am now back to possibly losing a huge amount albeit we're not in negative equity. It's hard to judge the right time, you have to do what feels right IMO.

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

I agree with the sentiment, but being really really (!!) pedantic the maths doesn't work like this! 25% on currency and 5% on house loss doesn't add up to give 30%!

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

:confused::confused::confused:

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

But I quite like pedantic :rofl:

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

I also agree with Ann....BE is a great place to share you concerns...chin p. You never know whats around the corner:D

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

Tell me about it - we arrived here only a few weeks ago and the cost of things are soooooooo expensive compared to the last few times we have visited. We are paying $1700 in rent per month, cars are very expensive, food is expensive (and half of it is grotty), clothes expensive - at the moment the blue skies are not really cheering me like I thought they would either! Have I had rose coloured specs on all these years - it's looking that way I'm afraid at the moment!

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

I know your in our boat because your an "Augustee" :thumbsup: I love you attitude

Now that really is a worry... Im throwing a business, a house, all that we are for this dream and we have a 7 month old daughter..... Where are you in Australia? my guess Sydney, this is where we were gonna go. Also is money the main thing thats upsetting you? I dont want to sacrifice and end up "the blue skies are not really cheering me like I thought they would either!"

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

Will there ever be a right time to migrate :confused:

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

Unfortunately we got Canberra!!!!! Only place we could get a job for my OH - and now we're here its no where near being sorted so he is just doing rubbish every day - he is gutted as he left a really good job at home to come here and we just cant see anything positive at the moment. We certainly dont want to stay in Canberra but after applying for about 50 jobs before we came its not like we can just say lets move somewhere else cos he just wouldnt get a job - 15 years I have wanted this - just praying things get better!

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

Come off it Ann doesn't rain 24/7. Personally best thing I ever did leaving Teesside but only needed to move 30 miles down A19 to find a better life.
Hope Aus is all you expect it be to as you've built quite high expectations :blink:

To OP, don't have a house to sell, not sure why everyone on here moans on about not being able to sell homes that are vastly over priced so won't be able to take tens of thousands of pounds to Aus with them. We're saving up the hard way and will manage with what we have as we've got no other choice. Exchange rate well still 2 to 1 so not an issue will have enough to cover us for 6 months.

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

With regards to food - it has gone up quite a bit in the last couple of years especially fruit and vegetables. Because Australia produces the majority of its fruit and veg and doesn't import it can be effected by environmental factors. There has been a severe drought for 11 years here and this has had a detrimental effect on some food prices. Sometimes drought can be followed by flooding rain as it has in some parts recently which also affects crops which in turn effects quality and price. Food quality is not grotty at all. Maybe where you live in Canberra there may be not much choice and your local supermarket might not be that good but there wouldn't be too many places that would get away with selling rubbish food in Melbourne. It's all about competition - if there is no nearby competition than they might think they can get away with it. I find that local greengrocers, butchers, fishmongers are better quality and cheaper than supermarkets by a long way. The best places to go are markets such as Queen Vic. market in Melbourne where you will get fantastic food at bargain prices. Australia has some of the best produce in the world but you probably won't find it in your local Coles supermarket.

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

best weather in May in UK since 1772! now that really is raining 24/7 365.

Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
 

No!!! Finance is too depressing at the moment let's stick with pedantic. Aren't we emigrating from...no, let me see...we're immigrating to...perhaps both!?:confused: