FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
#1
Forum Regular
Thread Starter
Joined: Apr 2008
Posts: 62
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.
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.
#2
Forum Regular
Joined: Jan 2008
Location: Teesside
Posts: 76
Re: 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.
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.
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
#3
Account Closed
Joined: Apr 2008
Posts: 333
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.
#4
Top Dog
Joined: Apr 2006
Location: Uk - hopefully to VIC
Posts: 374
Re: 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.
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.
#7
Mrs Angry!
Joined: Aug 2007
Location: Manchester
Posts: 405
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
#8
BE Enthusiast
Joined: Feb 2007
Posts: 386
Re: 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.
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.
#9
Forum Regular
Thread Starter
Joined: Apr 2008
Posts: 62
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.
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!
#10
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Joined: Feb 2008
Location: UK
Posts: 161
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Will there ever be a right time to migrate
#11
BE Enthusiast
Joined: Feb 2007
Posts: 386
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
I know your in our boat because your an "Augustee" 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!"
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!"
#12
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Hope Aus is all you expect it be to as you've built quite high expectations
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.
#13
Forum Regular
Joined: Jan 2008
Location: Melbourne
Posts: 147
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!
#14
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
best weather in May in UK since 1772! now that really is raining 24/7 365.