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Johnny Kash

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About Johnny Kash

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  • Birthday October 27

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  1. Johnny Kash

    Restaurants and bars in Adelaide

    I concur with the above. We moved here in 2011 from Edinburgh (a similar 'mid sized city' and found it all (adelaide) a bit flat initially in the CBD). Theres definitely been an uplift in the atmosphere in the city and around the laneways you mention, in addition to the Oval redevelopment which has added to the vibrancy over the last few years. Leigh and Peel St are great spots. The whole interstate 'Adelaide's just a big country town' chat is getting kind of long now. My current boss in Sydney came out with this in our first videconference. I replied that those who live in New York or London probably think the same about Sydney. She went a bit quiet and quickly changed the subject to work
  2. Johnny Kash

    What you wish you would have brought...

    The main thing we got caught out with was not shipping over enough cold weather stuff - left all my ski jackets, thermals etc at home thinking 'this is Oz, wont need those'.... first winter in Adelaide I regretted this big time. In an Aussie house (seemingly constructed of balsa wood and paper) by the beach in winter with no central heating or double glazing it felt at times colder than any winter spent in Scotland. Of course if youre heading for Qld or NT, you can pretty much ignore the above
  3. Johnny Kash

    Australia takes over highest median wealth per adult title

    Having been over in the UK after 7 years in Aus this does not surprise me. As others have said, minimum wage in Aus is far higher (even taking into account higher cost of living) and compulsory Super having kicked in over the years. While the UK is starting to get onboard with compulsory pension contributions, we have been shocked at how much wages have stood still here the past few years whilst cost of living has risen. Speaking with guys at work in their 20s, many of them have simply given up on being able to ever afford to buy a home. To give balanced perspective, we are in Kendal, hardly a hotbed of employment but, crucially, not a cheap place to live, being the gateway to the Lake District etc. and cashed up older/semi retired folks buying houses here. Certainly the boomer age group in both countries are by and large fairly affluent but I remember being amazed at many of the boomers at my tennis club in Adelaide who seemed to be taking 3 month vacations to Europe, had villas in Bali and were retired at a (reasonably young) age.
  4. Johnny Kash

    retiring back to the UK

    It would be good to get clarity on this. In terms of reaching preservation age for your Super and stopping working - assuming the OP is back in the UK he will have technically stopped working in Australia (even if he does carry on grafting back in the UK). I asked the question of my Super fund and was told this was the case - if you are not working in Australia at preservation age you satisfy the release conditions. I'm slightly sceptical of this but would be good to get this confirmed or otherwise.
  5. Johnny Kash

    $25k Super

    Thanks, I did have a quick look at this but didnt think it was feasible on lower balances (under the $100k mark)
  6. Johnny Kash

    $25k Super

    Gday all, Returning to UK early next year. Ive got one of those tricky Super balances (around $25k) thats clearly not a great amount in the grand retirement scheme of things, but, for me anyway enough to bother about and Ive worked for it so.... Looking for advice on what to do with it. Citizen so cant withdraw until preservation age in 15 yrs. Ive cancelled all insurances and switched to an aggressive high growth fund in the hope that it grows or at least doesnt drain due to charges. Are there any other options? Can I combine my Super with my wife's (I dont think this is possible?). Ive been told you can make contributions when back over in the UK, but to me that doesnt seem wise unless maybe the exchange rate swings and the pound gets strong/AUD weak? Has anyone actually done this? Im guessing theres a point at which Super balances pay for themselves even if you stop contributing whereby gains outweigh fees and inflation, allowing for ups and downs of course. Ive no idea what this would be but suspect it might be around what Ive got or maybe a bit higher?? Any input welcome, cheers
  7. Johnny Kash

    What to do with UK savings

    Agree with the above. If you have financial interests in both countries you can at least make the exchange rate swings advantageous, e.g. paying off a UK mortgage with Aussie Dollars works out very well just now and may get better. The ones I feel for are those who need to bring over large amounts of GBP to set up or buy in Oz and are getting caned on the exchange rate. As an example GBP10K is still a reasonable amount of money for most but convert it to AUD and living over here you can burn through AUD16K in a flash in my experience. I was working through financial stuff with Mrs Kash the other day and we quickly realised we had been stressing too much over small stuff and in actual fact exchange rate swings made a huge difference to our overall financial position so worth keeping track of and trying to make it work to your advantage if at all possible
  8. Johnny Kash

    What to do with UK savings

    no risk your best bet would be Santander 123 or Nationwide with a linked savings a/c If youre prepared to accept some risk I would look at one of the robo investing platforms such as Nutmeg or Moneyfarm (far higher returns in the last couple of years when shares have been doing well but of course your capital is at risk).
  9. Johnny Kash

    Good areas of Manchester

    Would that be Kendal Calling? Great Festival, family friendly - which kind of ties in with what you say about that area. I agree, for young bucks its probably too quiet but there is a thriving arts scene with the Brewery Arts Centre etc. I think you'll be pleasantly surprised at how it stacks up now. Still only a short hop to Manc/Liverpool and Edinburgh as well for city life. We've discussed moving back and its on the shortlist along with Edinburgh.
  10. Johnny Kash

    Good areas of Manchester

    can't help with areas of Manc and a slight tangent but :wink: we spent 3 months in the Lake District (Kendal) last UK summer and I couldn't believe the amount of folk from Manchester who had sold up and moved up there. Generally moved for the lifestyle and all absolutely loved it, as we did. For the OP, early 30s and single possibly too early to be thinking about such a move but worth considering at some point down the line
  11. Johnny Kash

    Sydney superiority

    Not sure you grasped my response to the OPs thread Bungo. I gave an opinion having visited Sydney 3 or 4 times since living over here. Loved Melbourne, don't rate Sydney in the slightest. My better half on the other hand is the complete opposite and thinks Sydney is the bees knees. So is life. Are you a Glaswegian now settled in Sydney? (absolutely no stereotype or offence intended on my part or indeed the whole East Coasts of both Australia and Scotland) :cool:
  12. Johnny Kash

    Sydney superiority

    As a Scot living in Adelaide my two cents worth: You are correct, Sydneysiders do have a 'cooler than thou' attitude which I found grating. A lot of overtly camp, and/or posturing, making sure you know theyre from Sydney goes on there IMO. Melbourne folk I found far sounder, they just seem to go with the flow and hence way better place to spend time I reckon. Reminded me of Scotland where you have Glaswegians, who feel the need to tell anyone and everyone theyre from Glasgow and the friendliest people in the world. And the East Coast, which just gest on with it
  13. Johnny Kash

    Making a return to Australia!

    My flat in Edinburgh has been rented out for the 5 years we have been over here. Make sure you find a good agent to fully manage and you should be all right. Ive had very little go wrong and no void periods in that 5 years. AS an 'accidental landlord' its worked out well so far. The other factor is the exchange rate just now. If it swings the other way then selling up in UK and exchanging for dollars might work for you. Right now my view is the money is better parked in UK with my mortgage slowly getting paid off and an appreciating asset - of course this may change and individual circumstances differ, including yours. :cool: Good luck with your plans
  14. Johnny Kash

    Can we buy a house

    the capital element of that $500 on a mortgage would be minimal, more so at the start of a mortgage. Most of your payments would be swallowed up in interest. Not sure of the exact figures but youd be nowhere near paying $25k of capital off in that first year. Remember getting my first mortgage statement from Abbey and being gutted at how little Id actually paid off in that first year :biglaugh: To the OP, assuming your looking to stay long term in Oz though it still makes sense to buy if you can for the long term
  15. Johnny Kash

    What to do?

    no offence taken from me on behalf of Adelaide or the state of South Australia. Hope you didn't take offence on behalf of Dundee, Dundonians or Nicola Sturgeon (is she even fae Dundeh?). This is all very PC. :laugh: and Bristolman I agree with you, the fallout from Holden and associated industries is going to be dire for a State that already has high unemployment