Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Oct 7th 2009, 2:58 am
#16
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
The only thing we are thinking about is how good online shopping will get with the pound and American dollar dropping.
We would not return to England, Ive got relatives who had the same job for years and now having to drive a taxi to make a living(and hating it).
All the money in the world will not last long if jobs are short on supply.
I still think my kids will have more opportunities here.
Gems
We would not return to England, Ive got relatives who had the same job for years and now having to drive a taxi to make a living(and hating it).
All the money in the world will not last long if jobs are short on supply.
I still think my kids will have more opportunities here.
Gems
I'd Like to know if anyone can pick flaws in the above logic ?
Yes It does seem there could be better opportunities for our kids, and their kids. Although I'm sure our Grandkids, will be sharing this country with a very large proportion of Asian people, which is only fair considering our geographical position.
Hmm if this keeps going that annual holiday in the Northern Hemisphere upon retirement will become an odds on bet.
Last edited by ozzieeagle; Oct 7th 2009 at 3:09 am.
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Oct 7th 2009, 3:41 am
#19
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Oct 7th 2009, 3:45 am
#20
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Joined: Jun 2007
Location: Melbourne
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Aussies I knew in the UK back then used to always complain about how expensive the UK was in comparison.....it was 'dollars for pounds' they use to say. i.e. what cost 1 pound in the UK would cost 1 dollar in Aus (at the time, about 1/3 of the price).
I first arrived in 2003 and couldn't see any evidence of it though...perhaps they were exaggerating too??
I first arrived in 2003 and couldn't see any evidence of it though...perhaps they were exaggerating too??
Oct 7th 2009, 3:57 am
#22
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Aussies I knew in the UK back then used to always complain about how expensive the UK was in comparison.....it was 'dollars for pounds' they use to say. i.e. what cost 1 pound in the UK would cost 1 dollar in Aus (at the time, about 1/3 of the price).
I first arrived in 2003 and couldn't see any evidence of it though...perhaps they were exaggerating too??
I first arrived in 2003 and couldn't see any evidence of it though...perhaps they were exaggerating too??
Working on our own standard of living, which hasn't changed much in the way we buy things, the TOTAL average annual increase for our living expenses has risen by an average of 5.35% per year for the last 5 years.
Our total NET annual income has risen by an average of 6.1% per year. Now that explains why I had a few extra $ in the bank
Oct 7th 2009, 4:05 am
#23
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Joined: Jul 2009
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Too many things do get exaggerated, so it becomes difficult to believe anything.
Working on our own standard of living, which hasn't changed much in the way we buy things, the TOTAL average annual increase for our living expenses has risen by an average of 5.35% per year for the last 5 years.
Our total NET annual income has risen by an average of 6.1% per year. Now that explains why I had a few extra $ in the bank
Working on our own standard of living, which hasn't changed much in the way we buy things, the TOTAL average annual increase for our living expenses has risen by an average of 5.35% per year for the last 5 years.
Our total NET annual income has risen by an average of 6.1% per year. Now that explains why I had a few extra $ in the bank
Oct 7th 2009, 4:24 am
#24
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Are you saying ALL of these have doubled or tripled in price since 2000 ?
To double in price is actually equal to an average 8% per annum increase for that time frame.
Average Gross wages in that time frame have risen by an average of 4.9% per year.
But an average wage earner in 2000 would have been in the 43% tax bracket, whereas now they are only in the 30% tax bracket, so net income will have risen faster than that 4.9%, at a figure of 5.66% per annum.
It is still a slight increase in expenditure above income, assuming that everything doubled in price during that time frame.
But I know that Lettuce hasn't
To double in price is actually equal to an average 8% per annum increase for that time frame.
Average Gross wages in that time frame have risen by an average of 4.9% per year.
But an average wage earner in 2000 would have been in the 43% tax bracket, whereas now they are only in the 30% tax bracket, so net income will have risen faster than that 4.9%, at a figure of 5.66% per annum.
It is still a slight increase in expenditure above income, assuming that everything doubled in price during that time frame.
But I know that Lettuce hasn't
Oct 7th 2009, 4:28 am
#25
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Joined: Apr 2008
Location: Epsom
Posts: 1,705
Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Are you saying ALL of these have doubled or tripled in price since 2000 ?
To double in price is actually equal to an average 8% per annum increase for that time frame.
Average Gross wages in that time frame have risen by an average of 4.9% per year.
But an average wage earner in 2000 would have been in the 43% tax bracket, whereas now they are only in the 30% tax bracket, so net income will have risen faster than that 4.9%, at a figure of 5.66% per annum.
It is still a slight increase in expenditure above income, assuming that everything doubled in price during that time frame.
But I know that Lettuce hasn't
To double in price is actually equal to an average 8% per annum increase for that time frame.
Average Gross wages in that time frame have risen by an average of 4.9% per year.
But an average wage earner in 2000 would have been in the 43% tax bracket, whereas now they are only in the 30% tax bracket, so net income will have risen faster than that 4.9%, at a figure of 5.66% per annum.
It is still a slight increase in expenditure above income, assuming that everything doubled in price during that time frame.
But I know that Lettuce hasn't
You used to be able to buy pots for $1, now $2.50 is the cheapest I've seen and that was at a working class pub in Footscray.
Can't remember individual food costs
Lapdances used to be $20, now they are $50.
Oct 7th 2009, 4:31 am
#26
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
My 3 bedroom house in South Yarra (I rented) was sold for $350,000, it had a reasonable section. If you bought that for $700K today it would be a bargain.
You used to be able to buy pots for $1, now $2.50 is the cheapest I've seen and that was at a working class pub in Footscray.
Can't remember individual food costs
Lapdances used to be $20, now they are $50.
You used to be able to buy pots for $1, now $2.50 is the cheapest I've seen and that was at a working class pub in Footscray.
Can't remember individual food costs
Lapdances used to be $20, now they are $50.
Oct 7th 2009, 4:33 am
#27
Guest
Posts: n/a
Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
No control on our income whatsoever. Union determined rates for our earned income, although my personal interest income has dropped
But it may go up by 0.25% soon...The 'average' net income rise (according to my figures before) has been 5.66% per annum, compared to our 6.1%, so we do seem to be a bit better off than average. Maybe down to FTB and the Low Income Tax Offset.
Oct 7th 2009, 7:57 am
#30
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Re: Xrates down to $1.78 to £1.00,does it give extra push to sell up in OZ
Gosh yes would love to - I keep looking at the lovely houses we could get mortgage free with the current exchange rate.
Not sure that I share the eternal optimism of the resources boom getting Aus out of the hole that is swiftly being dug here - I doubt that there are more opportunities for kids either, that's probably about the same. The big issue for me will be when the Aussie dollar stops being so strong then my pension would be hard to live on - however I keep trying to persuade the DH that we would be OK if not totally better off in UK.
Not sure that I share the eternal optimism of the resources boom getting Aus out of the hole that is swiftly being dug here - I doubt that there are more opportunities for kids either, that's probably about the same. The big issue for me will be when the Aussie dollar stops being so strong then my pension would be hard to live on - however I keep trying to persuade the DH that we would be OK if not totally better off in UK.