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Re: How things change in 1 year !
Originally Posted by Louiseh86
(Post 7979316)
We'll cross that bridge when it comes to it. I think it will go up again. It's not based on anything other than looking at the FX charts and seeing that it goes up and down all the time.
We'd prefer to wait and see rather than panic and just buy now. Who knows whether it'll be the right choice but it's a choice we're making. It was just as irritating as watching it fall.. all the 'extra' money I could have made by hanging on. If I'd waited I could have got an extra $80k... doesn't seem so bad now given the current rates. |
Re: How things change in 1 year !
Well we are just gutted and feeling pretty glum about the whole situation now as I can't see any hope of improvement until the general election now at least.
I'd even be happy with 2 at this moment! I still say it's not so bad for you guys coming out as you need time to decide where and what you want to live in. I know a few people who bought straight away and regretted it - bear in mind it's expensive to buy and sell here! We've got an opportunity to buy a piece of land to build on and we just can't decide what to do! It now means a big stretch but if we wait two years until the rates improve then how much will houses go up as they don't seem to be stopping! Plus I'm not impressed with second hand homes in our area as they all seem to need a renno and a new house means we get a layout to suit us..........oh decisions decisions - need a crystal ball although my hindsight is pretty good :D |
Re: How things change in 1 year !
We came over 2 years ago on a 457 visa and didn't want to exchange our £'s until we got P.R. Now we have P.R the £ has bombed and we cant afford anything without a big mortgage(too old to go through all that again) and are seriously considering a return back to the U.K as I can't see the rate going up any time soon.:thumbdown:
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Re: How things change in 1 year !
When we had to bring our money over in August 08 as we were buying a house we got 2.05 and I was very unhappy. A year later and I'm bearing it with better grace!
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Re: How things change in 1 year !
I'm thinking of sending some AUD back to the UK for my holiday back there next year.
Never seen the rate so low. We were so lucky when we came out as we got 2.4 to the pound. |
Re: How things change in 1 year !
Originally Posted by James516
(Post 7979688)
When we had to bring our money over in August 08 as we were buying a house we got 2.05 and I was very unhappy. A year later and I'm bearing it with better grace!
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Re: How things change in 1 year !
Originally Posted by ABCDiamond
(Post 7979200)
And I wonder how many more from Australia are now planning a UK holiday :thumbup:
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Re: How things change in 1 year !
We sold our UK property a couple of years back now when prices were still strong, so did fine there...we haven't changed into $ yet coz we're not ready to go, but will be looking to buy pretty quickly once in Oz.
In the bank, our money is earning a paltry 2%, but that's subject to tax so only marginally better than keeping it under the bed! We're holding out to see what happens May 6th & 7th next year - a bit of post election celebration might cause a spike we can take advantage of, but until then we're checking out houses a good $100K less than we first thought :blink::blink::blink: |
Re: How things change in 1 year !
Sold house in 2004
Was moving out to Oz in 2006 & exchanged a bit of money at 2.48 Missed out on the Spike in October as I thought the Oz move may be off (my mum had recently passed away & I was a little confused about everything!) Had just about put the move to bed but have now secured a great job in Melbourne & amn heading out in October I kick myself everyday for not grabbing the spike but some people were talking about it getting even better & I was not sure whether I would be coming outso no need for the risk! Or so I thought? On the positive side: I have a job to go to I have enough $ to get me started (car, rent, etc) I always planned to rent for at least a year Hopefully the rate will improve within that timeframe & if I am settled can look at moving my money & buying a place then? Crystal balls, if we all had them we'd be millionaires. Highinsight is a wonderful thing but the past is for reference not residence! :thumbup: |
Re: How things change in 1 year !
The rate at the moment is crap, we got 2.42 in 2007 when we went for a holiday, got 1.84 when we went again three weeks ago and saw in the paper yesterday that it was 1.77! (not sure if that's tourist rate or business, I imagine tourist as it was in the London Lite!!).
We're not moving for another year anyway so we're hoping it somehow goes back up to at least 2.20 by then. Otherwise we may save for a bit longer. :unsure: Tx |
Re: How things change in 1 year !
Originally Posted by JenniGee
(Post 7979934)
In the bank, our money is earning a paltry 2%, but that's subject to tax so only marginally better than keeping it under the bed!
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Re: How things change in 1 year !
Originally Posted by ABCDiamond
(Post 7980722)
You may be better off sticking it in Premium Bonds ;)
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Re: How things change in 1 year !
Originally Posted by ABCDiamond
(Post 7979200)
And I wonder how many more from Australia are now planning a UK holiday :thumbup:
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Re: How things change in 1 year !
Originally Posted by MrCro
(Post 7979260)
who u banking with to get 3.5%?:confused: I set up an ING account offering 5% not too many months ago but now it's down to 2.33%????
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Re: How things change in 1 year !
Originally Posted by fish.01
(Post 7982373)
I get 5.11% here in Australia and the money is at call (ie not fixed term deposit). I guess this is one major reason why the australian dollar is strong, Australia offers great interest rates that are now on the way up again so the oz dollar will become even stronger.
If only I'd known what the future held!!! :confused: |
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