Ozzie interest rates rise and rise
Mar 5th 2005, 8:17 pm
#1
Forum Regular
Thread Starter
Joined: Apr 2004
Posts: 223
Ozzie interest rates rise and rise
meanwhile in UK, interest rates stay the same only ....
The Great House Price Crash 2005? :scared:
By Hannah Liptrot
BBC Money Programme
After a decade of defying gravity, house prices look set to come down to earth.
Mr Manic paid £165,000 for a two-bedroom shop conversion
But will it be a soft-landing for Britain's longest ever property boom, or are we in for a house price crash?
It seemed they would keep going up forever. For nine years house prices have surged ahead with barely a wobble, almost trebling since 1996.
Thousands of ordinary homeowners have watched their wealth increase as the value of their home has soared.
The promise of profit from bricks and mortar has created a generation desperate to buy, at any cost. Adrian Manic, 27, started looking for his first home in January 2004.
"I needed to get on the property ladder," he remembers. "It wasn't a case of spending six or eight months to find a place, because in eight months' time they'd have gone up another 10 grand."
'Dream home'
Mr Manic took out a mortgage for 4.2 times his salary and borrowed a further £15,000 from his father to raise the £165,000 he needed to buy a two-bedroom shop conversion in Ashford, Middlesex.
Tim Ashton sold his house to rent
With no front door, a derelict house next door and a windowless living room, it wasn't exactly his dream home, but that wasn't the point.
"It would go up in price, I could sell it, buy a larger place that would go up in value, then I could sell that and on and on until I ended up with my dream home in the country or something," he explains.
The bad news for Adrian is that the house price boom of the last nine years appears to be finally over, putting an end to his hopes of trading up.
"I'd always dreamed of having a proper home with a garden and a garage, now it looks like I'm going to be stuck in this flat."
The first real signs of a slowdown came in June 2004, when Mervyn King, Governor of the Bank of England, spoke in public about his concerns for the housing market.
"Anyone entering or moving within the housing market should consider carefully the possible future paths of both house prices and interest rates," he said in a speech in Glasgow.
Can anone predict when the UK housing market will stop rising?
The comment, coming on the back of four interest rate rises in seven months, had an immediate effect.
"We saw visitor numbers to our offices decrease dramatically," remembers estate agent Simon Wilkinson, based in Leighton Buzzard, Bedfordshire.
"Hits to our website fell through the floor, the telephones simply stopped ringing."
'Sell-to-rent'
The UK's largest property website, Rightmove, also felt the impact. Visits to its site dropped 7% in the week following Mr King's comments.
By August interest rates had hit 4.75% and the Halifax's monthly price index recorded a house price fall.
Uncertainty about the direction of rates and house prices has introduced caution into the market.
And it's not just prospective buyers who are bailing out.
I think house prices will fall from peak to trough by around 20%
Roger Bootle, Capital Economics
The latest trend in the housing market sees homeowners actually jumping off the ladder; it's a trend called "sell-to-rent".
Tim Ashton is a typical sell-to-renter. He bought his home in 1999 for £125,000 and 4 years later, convinced that prices were about to fall, he sold it for £220,000.
But, instead of buying a new house, he thought it would be better to rent.
"While it was risky being out of the market it was no riskier than being in," he says.
'Struggling'
For those that are in, and have borrowed a lot to get in, the interest rate rises are starting to hit home.
"We are struggling at the moment, just keeping our heads above water," says Olivia Sayfritz, a home-owner from south London.
Mrs Sayfritz and her husband have seen their monthly mortgage payments increase by almost £400 because of rising interest rates.
"If interest rates were to go up again, it would have quite a significant impact on us," she says.
Mervyn King may not have finished raising interest rate rises just yet
Confidence is dented, and some borrowers are feeling the squeeze, but experts are still arguing about where the market is heading.
Will the current cooling give way to steeply falling prices in a house price crash, or will there be a so-called "soft landing" where prices simply stagnate?
Roger Bootle, managing director of Capital Economics, is convinced houses are overvalued and the only way is down.
"I think house prices will fall from peak to trough by around 20%." he says.
"I suspect it will be strung out over a number of years, maybe two, maybe three years, and this year - the first year of falls - maybe it'll be 5 or 6%."
'Dull market'
But David Smith, economics editor of the Sunday Times, thinks low interest rates and a steady economy make such dramatic falls unlikely.
"What we are going to see is modest or no rises in house prices. A very dull market in some ways. A house price crash in the absence of an economic recession? It just doesn't happen in the UK."
Meanwhile, many, like Adrian Manic, are wondering if they jumped in too soon.
"Now that prices are going down I am thinking I was foolish."
However, the Sayfritz family is still holding on to its property dreams.
"I think long term it will pay off," says Andrew Sayfritz. "The trick is to be able to meet rising costs in the meantime."
And, as prices stall and confidence wavers, can any of us dare to believe the longest property boom in UK history will end not with a bang, but a whimper?
The Great House Price Crash 2005? will be broadcast on BBC Two on Friday, 4 March at 1900 GMT.
The Great House Price Crash 2005? :scared:
By Hannah Liptrot
BBC Money Programme
After a decade of defying gravity, house prices look set to come down to earth.
Mr Manic paid £165,000 for a two-bedroom shop conversion
But will it be a soft-landing for Britain's longest ever property boom, or are we in for a house price crash?
It seemed they would keep going up forever. For nine years house prices have surged ahead with barely a wobble, almost trebling since 1996.
Thousands of ordinary homeowners have watched their wealth increase as the value of their home has soared.
The promise of profit from bricks and mortar has created a generation desperate to buy, at any cost. Adrian Manic, 27, started looking for his first home in January 2004.
"I needed to get on the property ladder," he remembers. "It wasn't a case of spending six or eight months to find a place, because in eight months' time they'd have gone up another 10 grand."
'Dream home'
Mr Manic took out a mortgage for 4.2 times his salary and borrowed a further £15,000 from his father to raise the £165,000 he needed to buy a two-bedroom shop conversion in Ashford, Middlesex.
Tim Ashton sold his house to rent
With no front door, a derelict house next door and a windowless living room, it wasn't exactly his dream home, but that wasn't the point.
"It would go up in price, I could sell it, buy a larger place that would go up in value, then I could sell that and on and on until I ended up with my dream home in the country or something," he explains.
The bad news for Adrian is that the house price boom of the last nine years appears to be finally over, putting an end to his hopes of trading up.
"I'd always dreamed of having a proper home with a garden and a garage, now it looks like I'm going to be stuck in this flat."
The first real signs of a slowdown came in June 2004, when Mervyn King, Governor of the Bank of England, spoke in public about his concerns for the housing market.
"Anyone entering or moving within the housing market should consider carefully the possible future paths of both house prices and interest rates," he said in a speech in Glasgow.
Can anone predict when the UK housing market will stop rising?
The comment, coming on the back of four interest rate rises in seven months, had an immediate effect.
"We saw visitor numbers to our offices decrease dramatically," remembers estate agent Simon Wilkinson, based in Leighton Buzzard, Bedfordshire.
"Hits to our website fell through the floor, the telephones simply stopped ringing."
'Sell-to-rent'
The UK's largest property website, Rightmove, also felt the impact. Visits to its site dropped 7% in the week following Mr King's comments.
By August interest rates had hit 4.75% and the Halifax's monthly price index recorded a house price fall.
Uncertainty about the direction of rates and house prices has introduced caution into the market.
And it's not just prospective buyers who are bailing out.
I think house prices will fall from peak to trough by around 20%
Roger Bootle, Capital Economics
The latest trend in the housing market sees homeowners actually jumping off the ladder; it's a trend called "sell-to-rent".
Tim Ashton is a typical sell-to-renter. He bought his home in 1999 for £125,000 and 4 years later, convinced that prices were about to fall, he sold it for £220,000.
But, instead of buying a new house, he thought it would be better to rent.
"While it was risky being out of the market it was no riskier than being in," he says.
'Struggling'
For those that are in, and have borrowed a lot to get in, the interest rate rises are starting to hit home.
"We are struggling at the moment, just keeping our heads above water," says Olivia Sayfritz, a home-owner from south London.
Mrs Sayfritz and her husband have seen their monthly mortgage payments increase by almost £400 because of rising interest rates.
"If interest rates were to go up again, it would have quite a significant impact on us," she says.
Mervyn King may not have finished raising interest rate rises just yet
Confidence is dented, and some borrowers are feeling the squeeze, but experts are still arguing about where the market is heading.
Will the current cooling give way to steeply falling prices in a house price crash, or will there be a so-called "soft landing" where prices simply stagnate?
Roger Bootle, managing director of Capital Economics, is convinced houses are overvalued and the only way is down.
"I think house prices will fall from peak to trough by around 20%." he says.
"I suspect it will be strung out over a number of years, maybe two, maybe three years, and this year - the first year of falls - maybe it'll be 5 or 6%."
'Dull market'
But David Smith, economics editor of the Sunday Times, thinks low interest rates and a steady economy make such dramatic falls unlikely.
"What we are going to see is modest or no rises in house prices. A very dull market in some ways. A house price crash in the absence of an economic recession? It just doesn't happen in the UK."
Meanwhile, many, like Adrian Manic, are wondering if they jumped in too soon.
"Now that prices are going down I am thinking I was foolish."
However, the Sayfritz family is still holding on to its property dreams.
"I think long term it will pay off," says Andrew Sayfritz. "The trick is to be able to meet rising costs in the meantime."
And, as prices stall and confidence wavers, can any of us dare to believe the longest property boom in UK history will end not with a bang, but a whimper?
The Great House Price Crash 2005? will be broadcast on BBC Two on Friday, 4 March at 1900 GMT.
Mar 5th 2005, 8:25 pm
#2
Banned
Joined: Jul 2003
Posts: 1,048
Re: Ozzie interest rates rise and rise
Let me know when I should short the stock market, will ya?
Mar 5th 2005, 8:45 pm
#3
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: Ozzie interest rates rise and rise
Originally Posted by odaat
The Great House Price Crash 2005? will be broadcast on BBC Two on Friday, 4 March at 1900 GMT.
Mar 5th 2005, 10:56 pm
#4
Account Closed
Joined: Oct 2004
Posts: 324
Re: Ozzie interest rates rise and rise
Originally Posted by odaat
meanwhile in UK, interest rates stay the same only ....
The Great House Price Crash 2005? :scared:
By Hannah Liptrot
BBC Money Programme
After a decade of defying gravity, house prices look set to come down to earth.
Mr Manic paid £165,000 for a two-bedroom shop conversion
But will it be a soft-landing for Britain's longest ever property boom, or are we in for a house price crash?
It seemed they would keep going up forever. For nine years house prices have surged ahead with barely a wobble, almost trebling since 1996.
Thousands of ordinary homeowners have watched their wealth increase as the value of their home has soared.
The promise of profit from bricks and mortar has created a generation desperate to buy, at any cost. Adrian Manic, 27, started looking for his first home in January 2004.
"I needed to get on the property ladder," he remembers. "It wasn't a case of spending six or eight months to find a place, because in eight months' time they'd have gone up another 10 grand."
'Dream home'
Mr Manic took out a mortgage for 4.2 times his salary and borrowed a further £15,000 from his father to raise the £165,000 he needed to buy a two-bedroom shop conversion in Ashford, Middlesex.
Tim Ashton sold his house to rent
With no front door, a derelict house next door and a windowless living room, it wasn't exactly his dream home, but that wasn't the point.
"It would go up in price, I could sell it, buy a larger place that would go up in value, then I could sell that and on and on until I ended up with my dream home in the country or something," he explains.
The bad news for Adrian is that the house price boom of the last nine years appears to be finally over, putting an end to his hopes of trading up.
"I'd always dreamed of having a proper home with a garden and a garage, now it looks like I'm going to be stuck in this flat."
The first real signs of a slowdown came in June 2004, when Mervyn King, Governor of the Bank of England, spoke in public about his concerns for the housing market.
"Anyone entering or moving within the housing market should consider carefully the possible future paths of both house prices and interest rates," he said in a speech in Glasgow.
Can anone predict when the UK housing market will stop rising?
The comment, coming on the back of four interest rate rises in seven months, had an immediate effect.
"We saw visitor numbers to our offices decrease dramatically," remembers estate agent Simon Wilkinson, based in Leighton Buzzard, Bedfordshire.
"Hits to our website fell through the floor, the telephones simply stopped ringing."
'Sell-to-rent'
The UK's largest property website, Rightmove, also felt the impact. Visits to its site dropped 7% in the week following Mr King's comments.
By August interest rates had hit 4.75% and the Halifax's monthly price index recorded a house price fall.
Uncertainty about the direction of rates and house prices has introduced caution into the market.
And it's not just prospective buyers who are bailing out.
I think house prices will fall from peak to trough by around 20%
Roger Bootle, Capital Economics
The latest trend in the housing market sees homeowners actually jumping off the ladder; it's a trend called "sell-to-rent".
Tim Ashton is a typical sell-to-renter. He bought his home in 1999 for £125,000 and 4 years later, convinced that prices were about to fall, he sold it for £220,000.
But, instead of buying a new house, he thought it would be better to rent.
"While it was risky being out of the market it was no riskier than being in," he says.
'Struggling'
For those that are in, and have borrowed a lot to get in, the interest rate rises are starting to hit home.
"We are struggling at the moment, just keeping our heads above water," says Olivia Sayfritz, a home-owner from south London.
Mrs Sayfritz and her husband have seen their monthly mortgage payments increase by almost £400 because of rising interest rates.
"If interest rates were to go up again, it would have quite a significant impact on us," she says.
Mervyn King may not have finished raising interest rate rises just yet
Confidence is dented, and some borrowers are feeling the squeeze, but experts are still arguing about where the market is heading.
Will the current cooling give way to steeply falling prices in a house price crash, or will there be a so-called "soft landing" where prices simply stagnate?
Roger Bootle, managing director of Capital Economics, is convinced houses are overvalued and the only way is down.
"I think house prices will fall from peak to trough by around 20%." he says.
"I suspect it will be strung out over a number of years, maybe two, maybe three years, and this year - the first year of falls - maybe it'll be 5 or 6%."
'Dull market'
But David Smith, economics editor of the Sunday Times, thinks low interest rates and a steady economy make such dramatic falls unlikely.
"What we are going to see is modest or no rises in house prices. A very dull market in some ways. A house price crash in the absence of an economic recession? It just doesn't happen in the UK."
Meanwhile, many, like Adrian Manic, are wondering if they jumped in too soon.
"Now that prices are going down I am thinking I was foolish."
However, the Sayfritz family is still holding on to its property dreams.
"I think long term it will pay off," says Andrew Sayfritz. "The trick is to be able to meet rising costs in the meantime."
And, as prices stall and confidence wavers, can any of us dare to believe the longest property boom in UK history will end not with a bang, but a whimper?
The Great House Price Crash 2005? will be broadcast on BBC Two on Friday, 4 March at 1900 GMT.
The Great House Price Crash 2005? :scared:
By Hannah Liptrot
BBC Money Programme
After a decade of defying gravity, house prices look set to come down to earth.
Mr Manic paid £165,000 for a two-bedroom shop conversion
But will it be a soft-landing for Britain's longest ever property boom, or are we in for a house price crash?
It seemed they would keep going up forever. For nine years house prices have surged ahead with barely a wobble, almost trebling since 1996.
Thousands of ordinary homeowners have watched their wealth increase as the value of their home has soared.
The promise of profit from bricks and mortar has created a generation desperate to buy, at any cost. Adrian Manic, 27, started looking for his first home in January 2004.
"I needed to get on the property ladder," he remembers. "It wasn't a case of spending six or eight months to find a place, because in eight months' time they'd have gone up another 10 grand."
'Dream home'
Mr Manic took out a mortgage for 4.2 times his salary and borrowed a further £15,000 from his father to raise the £165,000 he needed to buy a two-bedroom shop conversion in Ashford, Middlesex.
Tim Ashton sold his house to rent
With no front door, a derelict house next door and a windowless living room, it wasn't exactly his dream home, but that wasn't the point.
"It would go up in price, I could sell it, buy a larger place that would go up in value, then I could sell that and on and on until I ended up with my dream home in the country or something," he explains.
The bad news for Adrian is that the house price boom of the last nine years appears to be finally over, putting an end to his hopes of trading up.
"I'd always dreamed of having a proper home with a garden and a garage, now it looks like I'm going to be stuck in this flat."
The first real signs of a slowdown came in June 2004, when Mervyn King, Governor of the Bank of England, spoke in public about his concerns for the housing market.
"Anyone entering or moving within the housing market should consider carefully the possible future paths of both house prices and interest rates," he said in a speech in Glasgow.
Can anone predict when the UK housing market will stop rising?
The comment, coming on the back of four interest rate rises in seven months, had an immediate effect.
"We saw visitor numbers to our offices decrease dramatically," remembers estate agent Simon Wilkinson, based in Leighton Buzzard, Bedfordshire.
"Hits to our website fell through the floor, the telephones simply stopped ringing."
'Sell-to-rent'
The UK's largest property website, Rightmove, also felt the impact. Visits to its site dropped 7% in the week following Mr King's comments.
By August interest rates had hit 4.75% and the Halifax's monthly price index recorded a house price fall.
Uncertainty about the direction of rates and house prices has introduced caution into the market.
And it's not just prospective buyers who are bailing out.
I think house prices will fall from peak to trough by around 20%
Roger Bootle, Capital Economics
The latest trend in the housing market sees homeowners actually jumping off the ladder; it's a trend called "sell-to-rent".
Tim Ashton is a typical sell-to-renter. He bought his home in 1999 for £125,000 and 4 years later, convinced that prices were about to fall, he sold it for £220,000.
But, instead of buying a new house, he thought it would be better to rent.
"While it was risky being out of the market it was no riskier than being in," he says.
'Struggling'
For those that are in, and have borrowed a lot to get in, the interest rate rises are starting to hit home.
"We are struggling at the moment, just keeping our heads above water," says Olivia Sayfritz, a home-owner from south London.
Mrs Sayfritz and her husband have seen their monthly mortgage payments increase by almost £400 because of rising interest rates.
"If interest rates were to go up again, it would have quite a significant impact on us," she says.
Mervyn King may not have finished raising interest rate rises just yet
Confidence is dented, and some borrowers are feeling the squeeze, but experts are still arguing about where the market is heading.
Will the current cooling give way to steeply falling prices in a house price crash, or will there be a so-called "soft landing" where prices simply stagnate?
Roger Bootle, managing director of Capital Economics, is convinced houses are overvalued and the only way is down.
"I think house prices will fall from peak to trough by around 20%." he says.
"I suspect it will be strung out over a number of years, maybe two, maybe three years, and this year - the first year of falls - maybe it'll be 5 or 6%."
'Dull market'
But David Smith, economics editor of the Sunday Times, thinks low interest rates and a steady economy make such dramatic falls unlikely.
"What we are going to see is modest or no rises in house prices. A very dull market in some ways. A house price crash in the absence of an economic recession? It just doesn't happen in the UK."
Meanwhile, many, like Adrian Manic, are wondering if they jumped in too soon.
"Now that prices are going down I am thinking I was foolish."
However, the Sayfritz family is still holding on to its property dreams.
"I think long term it will pay off," says Andrew Sayfritz. "The trick is to be able to meet rising costs in the meantime."
And, as prices stall and confidence wavers, can any of us dare to believe the longest property boom in UK history will end not with a bang, but a whimper?
The Great House Price Crash 2005? will be broadcast on BBC Two on Friday, 4 March at 1900 GMT.
Watched it, at last a realistic documentary from the Beeb on the reality of Britain's overpriced housing market.
A lot of wannabee pom migrants still with houses to sell would be well advised to watch this report. I find the threads on this forum from house vendors fascinating. The vendors moan about lack of viewing/switching agents/refusing offers of 3K under the asking price. They do not entertain even for a second the idea that the price is riduclously high and that joe ordinary on his bog standard wage cannot afford the inflated price. A usual indicator of this problem is that most vendors would not be able to afford the brick and mortar they inhabit at todays market price.
The UK (and OZ) housing market is stuffed. Anyone who thinks they can get last years asking prices, or even -10% of that price are deluded. The long awaited price crash has arrived, if I were selling now I would take 20% off the "valuation" and consider myself lucky I had flogged an overpriced asset before the real slump takes hold.
Of course most vendors are far too greedy and belive that house prices only ever go up to take such a level headed financial decision, still its their life and their future negative equity.
Last edited by eatstatic; Mar 5th 2005 at 11:04 pm.
Mar 5th 2005, 11:23 pm
#5
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Ozzie interest rates rise and rise
Ah, the great british house price crash story. People have been talking about this since 1998, when I bought my 1st place. It still has not happened (maybe if you say it's gonna crash enough times, it will). Maybe it will, maybe it won't. If you could predict this you could make a fortune. It could go either way. I personally think it will be a soft landing (stagnant, possibly slight drop, for the next few years). Read David Smith in the Sunday Times (the only economist I have any time for), his theory is a housing cash in a growing economy in the UK, has not ever happened & will not happen. I agree with him.
Mar 5th 2005, 11:57 pm
#6
Guest
Posts: n/a
Re: Ozzie interest rates rise and rise
The thread title caught my interest, but then doesn't mention the Australian interest rates 
Anyway, here are the RBA Official Cash Rates from 1994 to 2005
Jul-94 - 7.00%
Aug-94 - 5.50%
Sep-94 - 5.50%
Oct-94 - 6.50%
Nov-94 - 6.50%
Dec-94 - 7.50%
Jun-96 - 7.50%
Aug-96 - 7.00%
Nov-96 - 6.50%
Dec-96 - 6.00%
Mar-97 - 6.00%
Apr-97 - 6.00%
May-97 - 5.50%
Jul-97 - 5.00%
Sep-97 - 5.00%
Dec-98 - 4.75%
Nov-99 - 5.00%
Jan-00 - 5.00%
Feb-00 - 5.50%
Apr-00 - 5.75%
May-00 - 6.00%
Aug-00 - 6.25%
Feb-01 - 5.75%
Mar-01 - 5.50%
Apr-01 - 5.00%
Sep-01 - 4.75%
Oct-01 - 4.50%
Dec-01 - 4.25%
Apr-02 - 4.50%
Jun-02 - 4.75%
Nov-03 - 5.00%
Dec-03 - 5.25% (then 15 months without a change)
Mar-05 - 5.50%
Apr-05 - ?? 5.75% ?? or will it stay at 5.5% ??
Anyway, here are the RBA Official Cash Rates from 1994 to 2005
Jul-94 - 7.00%
Aug-94 - 5.50%
Sep-94 - 5.50%
Oct-94 - 6.50%
Nov-94 - 6.50%
Dec-94 - 7.50%
Jun-96 - 7.50%
Aug-96 - 7.00%
Nov-96 - 6.50%
Dec-96 - 6.00%
Mar-97 - 6.00%
Apr-97 - 6.00%
May-97 - 5.50%
Jul-97 - 5.00%
Sep-97 - 5.00%
Dec-98 - 4.75%
Nov-99 - 5.00%
Jan-00 - 5.00%
Feb-00 - 5.50%
Apr-00 - 5.75%
May-00 - 6.00%
Aug-00 - 6.25%
Feb-01 - 5.75%
Mar-01 - 5.50%
Apr-01 - 5.00%
Sep-01 - 4.75%
Oct-01 - 4.50%
Dec-01 - 4.25%
Apr-02 - 4.50%
Jun-02 - 4.75%
Nov-03 - 5.00%
Dec-03 - 5.25% (then 15 months without a change)
Mar-05 - 5.50%
Apr-05 - ?? 5.75% ?? or will it stay at 5.5% ??
Mar 6th 2005, 12:05 am
#7
Account Closed
Joined: Oct 2004
Posts: 324
Re: Ozzie interest rates rise and rise
Anyone with in interest in this program can download it here for free.
http://66.220.1.240/public/TheGreatH...eCrash2005.avi
Right click and save target as. Will take a while to download, but with a broadband connection, it is no sweat (sorry all you Aussie dial up peasants).
http://66.220.1.240/public/TheGreatH...eCrash2005.avi
Right click and save target as. Will take a while to download, but with a broadband connection, it is no sweat (sorry all you Aussie dial up peasants).
Mar 6th 2005, 12:35 am
#8
Guest
Posts: n/a
Re: Ozzie interest rates rise and rise
Originally Posted by eatstatic
Will take a while to download, but with a broadband connection, it is no sweat (sorry all you Aussie dial up peasants).
Is 1500k slow to the average Brit ?
Mar 6th 2005, 9:59 am
#9
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Ozzie interest rates rise and rise
Originally Posted by ABCDiamond
1500k download connection here in Brisbane, and only $45 pm aswell.
Is 1500k slow to the average Brit ?
Is 1500k slow to the average Brit ?
.Main difference between Oz & the UK is that over here most broadband connections are uncapped.
Last edited by Amazulu; Mar 6th 2005 at 10:00 am. Reason: Typo
