DC10

Around Westerham is one of my favourite spots in Kent and you can buy a decent property there for half that

Amazulu

I used to live near there and agree that it is a nice area (although gets a lot of noise from the M25).

Each to their own, but I didn't think much of most of the homes in your link. I would want something bigger.

isgraham

Those are sterling falls. If you look at prices in the UK in A$ then the have fallen far more around 30% or more in fact that's one of the reasons London prices have not collapsed I.e. foreigners buying them up while they are cheap although that's mostly at the top end.

DC10

Someone will be along in a moment to tell you that it's only the Sterling figures which count (which couldn't be further from the truth in an Expat Forum context).

DownUnderPaddy

Always interesting to revisit these predictions 12 months later.

Looks like that is exactly what has happened in the last 12 months.
1.6 (last Nov), down to 1.47 (last Feb), up to 1.6 (in May), down to 1.48 (in Aug), back to 1.59 (7th Oct).

Sherlock Holmes

Interesting. Maybe some better news out of the UK will push it up a bit? Or is it the strong dollar rather than the weak pound (GBPeso ). Guess it's a bit of both. I still derive some of my income from Blighty so nearer $2.00 would be nice. Would help some prospective migrants too.

commonwealth

the RBA is silently pushing for a weaker AUD.

DownUnderPaddy

Well, I was just popping in to see how the prediction from 12 months ago was holding up. Unless there is any change in the Aus economy, I would see no reason for the GBP/AUD rate to ever break above 1.60/1.70 for the forseeable future.

One big crash will change all that of course......but at this point in time, Aus remains as just one of a handful of countries in the world rated as AAA/Stable, with all of the economic fundamentals remaining strong.

http://www.investinaustralia.com/new...utlook-2012-13

DownUnderPaddy

not making much of a difference though, is it ?

"Despite the RBA's "passive" action, the Aussie is currently trading at $US1.036, nearly the same level as before the RBA cut the cash rate on October 2, an action that typically weighs on the dollar."

commonwealth

i know. when central banks around the world start buying AUDs due to flight to (perceived) quality, the RBA can't do much unless strict active FX controls are implemented.

Beoz

Funny how different people wish for different things. I have a lot of pounds in the UK but they can sit there as far as I'm concerned. Happy for the $A to keep going if I'm earning $A.

Interestingly I heard some pundit in Asia predicting the $A could go to 1.17 v US early next year.

Sherlock Holmes

Those of us with dosh and /or income in both countries are in a bit of a win win situation. If the Aus economy keeps going well, my income here is more assured. If it goes a bit skewif, the pound may strengthen and my UK income will be effectively bigger.

It's worked so far We'll see.

Beoz

Exactly how I see it ...... eggs in multiple basket thing

Fran_L

With mixed data coming from China and a clear signal from the Reserve Bank of Australia that interest rates are on hold for now, there is every reason to see further weakness in the Australian Dollar. However, that isn’t happening right now. The Sterling – Australian Dollar exchange rate is in an uneasy equilibrium in the middle of a range it has occupied for the last 6 months. Support for the Pound around 1.5350 is very evident and Aussie Dollar buyers can be found lurking around 1.5650 and 1.5850. If we do get a break to higher levels, 1.60 is the big psychological barrier which ought to cap this pair for now. 1.60 is also a trendline resistance level and a long term Fibonacci resistance level. If the Pound really does flop, expect further support at the august low of 1.47 and the longer term channel support at 1.44.

For further currency and market updates please visit our british expats forum;

http://britishexpats.com/forum/forumdisplay.php?f=185

economy_1

This risk have been there since last several years but still USD$ is the 66% reserve currency of the world.Low USD is in favourable of US manufacturing.Who is going to buy or invest in Australia with so high AUD$ and high taxes?