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Found 451 results

  1. Interested in potentially getting a better deal than your bank when sending money overseas? If so, you should consider using a foreign exchange specialist company when sending money to or from Australia. A specialist company, like Moneycorp, can offer you great exchange rates and free expert guidance on the Australian dollar to save you time and money when transferring money abroad. When using Moneycorp you can expect exchange rates that are typically up to 4% better than you would get from a high street bank - this can make a huge difference to your finances. Special offer - no transfer fees Your bank may charge you anything from £20 to £40 (or currency equivalent) to send your money to or from Australia. Moneycorp don’t charge commission and exclusively for Poms in Oz members all transfer fees are waived – so you can save money on transfer fees alone. How can I register for a free Moneycorp account? Thousands of forum members have saved money by using Moneycorp. It’s simple to register for a free account and the process only takes a few minutes – click here to register online with Moneycorp.
  2. Looking for some non-judgemental advice from you clever folks... Myself and my wife bought a flat in London in November 2007 on virtually a 100% mortgage (I know, I know.. insane, but back then everyone was at it, and it took us two years alone to save enough for the stamp duty and fees!). After the market went pop, within 6 months, it was worth about 60K GPB less than we paid for it. Coupled with being unlucky (or stupid) enough to buy at the peak, we bought terribly, an old flat in a questionable area that needed a lot more work than we could have imagined. We have tried to sell twice, and not one offer, even below asking price. Since departing the UK, we are renting the property out behind the back of the mortgage company as they refused our request to let it out when my industry all but disappeared (construction) I had no choice but to up sticks and move abroad chasing work. We're making a fair go of it living here and getting to love the place and being back working in a busy industry, and have three kids now. The constant sending of cash we cannot afford back to subsidise repairs and mortgage payments is becoming a pressing issue to say the least - probably about 8 grand GBP this year alone... We are only paying interest on the repayments and barely afford this, thus haven't paid a penny off the mortgage yet, five years on... I have a small credit card debt in the UK, about 3K, from paying for a new boiler last month, but nothing else debt wise - just this bloody mortgage. We've just been told the entire property needs new windows and a new kitchen (!!), so another 20K debt is flashing before my eyes... SO - I have been looking at bankruptcy. I don't have residency yet here in Oz but will start process next Feb when I have been here two years and it should be quite straight forward as I have a good secure job earning a good wage. I don't foresee going back to London as it's such a mess there and things going well here, so looking long term to citizenship for myself and my happy brood. I'd love to hand back the keys and have spoken to a few insolvency agents who seem a bit too enthusiastic, and make it all sound too easy - if you l know what I mean! used car salesman springs to mind... I understand you need to pay a few grand to get the process managed for you but my main worry is being left with a 60-70K debt I have to pay off from the flats negative equity, which would pretty much ruin us financially for ever. Anyone been in the same situation and can offer advice, I'd be very grateful. Anything will help, we're getting a bit low here worrying about this. Thanks guys!
  3. Hi All:smile: I am new to PIO, wish i had found the site earlier!, We have our visas , flights booked and moving to the Gold Coast in Oct 2008. My OH is a Roofer and we have 2 teenage sons who will be 19 & 16 when we land!!!!( a load of postings to come re them 2) Are there any sites similar to the Money Saving Expert/money supermarket or good comparison sites that allow you to compare insurance, travel, utilities etc Ta Michelle
  4. I'd like advice on ordering presents in the UK for relatives in Oz. Few companies accept UK credit cards and the only one I've found needs the purchaser to collect the goods and show the card so I'm having to get a refund! Another has told me I can use Paypal but this costs a lot in poor exchange rates and fees on top. Why no Amazon I'd be lost without them but the don't ship to Oz
  5. Do I still need sufficient funds?

    I'm planning on coming over to Australia on a working holiday visa for about 6 months. I will be living with my step dad and his wife in their home in Perth. My step dad will be supporting me whilst I look for employment. Do I still need to have savings in my own bank account even though my step dad has the right amount and more to look after me until I find a job out there? If so - is it possible for him to transfer the money into my account to show that I have the money, and then when I get over there... I just transfer the money back into his account? Or is that illegal? Thanks!
  6. how much money?

    don't want to sound cheeky but how much money did people save up to go over to Perth with? we are planning to take £20,000 is that enough?
  7. Hey, Me and my friend start our travels October 2nd to Sydney to hopefully stay there for christmas and new years. Any advise on how long to stay in a hostel for and any recommendations would be great, iv seen on google, bounce? Initially we were thinking a week in the hostel as we are wanting to make friends that we can have a house share with. Anyone who has done this and has any advise on this is greatly appreciated Also how much money are people taking to start with, we are wanting to work but as a starting point would £2,500 be enough? Feeling a little clueless Thanks, Jade!
  8. Melbourne - One year in

    Started this as a reply to another thread but it became a vent so though it best to start a new thread! Anyway, we moved to Melbourne a year ago from England (East Midlands) and are not sure we chose the right place, here's why; The weather is pretty bad, summer was nice but not for long, the was a week of 40+ which was a shock to the system but other than that it's been pretty poor. I'd say in the last year there has been prob 2 months that had the weather we expected, the rest of the time it's been very similar to England just not as cold. Saying that it's colder at night coz the houses just aren't insulated like in the uk, if it's cold outside it's cold inside!! Based on my experience the work situation is very bad! (I'm an electrical engineer). Very, very small industry and almost impossible to crack - I was refused one interview because I was from England!! Everyone wants local experience but no one wants to get you the chance to get any. Melbourne may be big but everybody knows everybody, not what I expected and very different to the UK, very much who you know not what you know!! Work life balance, what's that all about, Aussies are very happy to work all week and in some cases the weekend, 12 hour days are normal and in most cases necessary to cope with the workload they expect you to handle. Beaches - nice but nothing special. Our favourite is Mt Martha which is very nice, although I'm sure there are far better around Oz, well, I know there are coz we've been to some of them. People - not as friendly as we'd have hoped. We are 33 and 30 with two boys 8 and 7, being young with children of our age is pretty much unheard of in Melbourne, people in the city are either single or couples without children, however they are the same age as me and my wife. The vast majority if the parents at our boys' school are mid to late 40's, with children the same age as ours. Not saying this is a bad thing, just very different for the UK, generally speaking Aussies don't have children in their early to mid twenties like people do in the Uk. I commute an hour each way to work on the trains - which are shocking!! I thought public transport in the UK was unreliable, this takes the biscuit!! Melbourne is great for sport. Our boys love the AFL, which is far more accessible to the average family than English football, a family ticket to a big game at the MCG is $50, about £25-30!! The boys play way more sport here than they ever did in England, especially basketball which they love. In terms of money; cost of living is higher but then so are salaries (although they make you work for it!) we are far better off now than we were in England. We don't have to be careful with money like we did in England and still have some left over for savings. The outdoors is amazing, national parks, wildlife, etc. I'll never get bored of seeing kangaroos and koalas!! The prob with Melbourne is it's always to cold or raining to enjoy it!! our experience hasn't been all negative, just not as expected. Would we go back to England - no definitely not (despite the above Australia is much better), would we conserved anywhere else in Oz - definitely! We've started to discuss other cities, possibly Brisbane but the boys and their experience, i.e. changing schools too often is a big concern, we feel we can prob get away with one more move so who knows!! Anyway commute over....comments / experiences would be appreciated....
  9. Hi guys. This is my first post here so be nice haha. I'm landing into Perth on the 5th of August on a WHV, and as many others have done, been looking at the best way to manage my UK finances when I arrive in Australia with regards to transferring money over etc.... Done quite a bit of research with all the UK banks to find out what my options are and I thought it was worth putting it out there that's Marks & Spencer have brought out a new current account which enables you to withdraw cash free worldwide from ATM's - without the foreign exchange charge! I thought this was worthwhile posting as it might be pretty good for anybody in similar circumstances to save yourself some pennies when you're thinking of setting off on your travels! Andrew :-)
  10. Does anyone here use bitcoin in order to transfer money between countries so that they don't pay the exorbitant exchange rate fees? I'm interested to find out whether people are actually doing this, because I'd like to see if hostels and the like would be interested in being able to accept bitcoins for their services. It's supposedly becoming a wide-spread practice, but there is very little discussion about it?
  11. Hey PIO, This forum is certainly the most extensive for all things OZ but I can't seem to find the best discussion for this topic. I am Currently in Oz on a WHV 417...this is my second one and expires on the 15th Nov. My plan is Study (Graduate Diploma of education Primary) and whilst studying get Defacto Visa with my current Girlfriend..then live an amazing teaching life in OZ! BUT Since the course would start in Feb/March 2015 I am wondering what happens for me between 15th Nov and the start. If I get a visa granted would it start from the course start date or the acceptance date? AND It states clearly on the Immi website no work can start until your course does, is there any way to stay on the bridging visa I really need to keep on working to save for the mammoth amount I am paying for the above visas and course! Any thoughts, suggestions and questions would be appreciated, I am a little at a loss! Thanks David
  12. money...??

    How much money in general as everyone started off with when they first went to australia with a WHV?? just so i get general idea as i hear you have to have least $5000au dollars when you enter? have people taken less? Thanks
  13. Hi there, I am English and 14 years ago, moved to Australia to be with my Australian partner. I have never really felt like Australia is "home" but have tried hard for my partner and we have bought a house in Melbourne and previously lived in Newcastle and Paramatta. For various reasons, including going through breast cancer, we are thinking of going back to the UK to settle. The main kicker is the awful exchange rate........ really wish it had got a lot better after 14 years, but it is what it is ! The other real decider for us is UK pensions, as we are not getting any younger, my partner is 50 and I am 40. My partner could earn a good wage in the UK and works in the finance/law sector and work in IT/admin but pensions worry us. Before I left the UK, I had spent a lot of the time being a student and so wouldn't have accumulated too much toward the national pension. I've worked ever since being here in oz, apart from when going through breast cancer and if we removed our Super, once again the exchange rate would be a disadvantage and leave us with less. What I really can't seem to find is some definitive information about the UK pension for us. A friend of ours said that you need to have worked for 30 years there before you can get the pension in the UK, is this the case ? We looked at buying to let whilst still in OZ, so that we had something to go to there, having saved some money up here for a year or so, but every mortgage lender in the UK want a lot of UK pounds in an account, before lending to you and we don't have as much as they want, which is between 30-50 thousand UK pounds. So unfortunately, had to give that idea the flick. Would love some information, if anyone can assist it would be much appreciated, Belinda
  14. MoneyCorp

    Hi wanting to transfer money from my uk bank acct to my Nab acct, I've heard if your part of this forum you can transfer money for free. When it asks 'where did you hear about us' do you just put the website in there or is there a code you need to put in?
  15. Can anyone on here give me some info on the best and cheapest way to transfer money from the UK for my 76 year old mum who has just received her contributory parent visa. I have spoke to the commonwealth bank in London who will transfer to the commonwealth bank in Australia for free if its over £10,000 Anyone had any experience in this?
  16. Hi all ! Unlike what some seem to say, I find it difficult to know exactly how much it costs to send euros to an Australian bank account held in AUD. There are plenty of nice websites which are involved in transferring money, but few will tell clearly how much it really costs you. They all tell they beat banks rates, they charge no fees etc... but how many AUD do I get when I transfer xxx EUR ? If all those forex specialists have such competitive rates, why is it complicated to get the information ? Why don't they simply give a quote on their main page without having to provide tens of documents and stuff ? At the end what everyone wants to know is : how much will it show on my credit line when I transfer this amount ? I tried today with ozforex, they will basically take 56 AUD for a transfer of 2000 EUR, considering their fees + forex rate. with torfx, I can't get the information. when i request a quote using their online form, it does not send me an actual quote. Can anyone please help and tell how much I would get with torfx, hifx, moneycorp when transferring say 2000 EUR ? Cheers !
  17. Unpaid Credit Card In Oz

    Hi, I recently maxed out my credit card to buy a car online. since then, the car has a major fault and have lost my job. I am here on a 417 WHV and want to fly back to the uk . I cannot afford to pay the credit card , and before you awnser this thread, i do not make it wright at all. But i am very short of options. The card is for 4K AUS. Please can someone tell me would it affect my credit rating in the uk and would they try to catch me in the uk? Thanks Rugs:no:
  18. Help... again... as usual

    Hello! Ok so less than a month until we get to Australia!:shocked: getting excited! however nervous too. I have been looking for temporary rentals, like a room for rent or something small and inexpensive until we get things worked out. I have found lots of adds on gumtree, and all homes. I have sent messages but I have not had any responses...:arghh: Help... We need to get something cheap for the first couple of weeks as we will be waiting for that first paycheck to get the rental. And before anyone talks about not bringing enough money, we are bringing what we can, but I am currently living in Mauritius. If anyone knows about the money exchange, basically its almost nothing. so we have been struggling to get this all together. however God is good and is providing! I know he will provide this too with the rental but I just need to know where to turn. Not sure why no one answers their gumtree adds. grrr... Anyways TIA!
  19. Tax Refund

    Hi all, i wonder if anyone can help? I've heard off a few people that after your first year here, once you lodge a tax return that you're usually entitled to a refund? Is this correct? thanks in advance, Jay and Paula
  20. Do I need much money in the bank?

    Hi there. Been trying to research something that seems to be an urban myth. I had always heard that you need a very healthy bank account to move to Australia, but can't seem to find any guidelines on this. Common sense dictates that we will need at least enough money to get set up with a place to live, transport and enough to see us through a month or two of bills and groceries. Is there an amount laid out by immigration requirements or is it just left to common sense? We will start work approx a week after moving out. Hopefully someone can help,thank you in advance.
  21. In the last few weeks we (me, wife & 2 kids) put through a Skilled Migration application & our credit card has been taken for $2500. We put it all through in my wifes name - she's a senior doctor here in Victoria. In the meantime I've got myself sorted in an IT Recruitment role. I've got all the relevant degree qualifications. While I haven't pushed it with the new company I'm with, I think the possibility would be there to go down the Permanent Application route through them. My idea would be that I'd offer to pay whatever it costs - $7k to $8K from what I've heard. Main motivation behind this PR application is because it's costing us close to $40K a year for childcare for the 2 kids. My understanding is that we'll get half that back if we become permanent. My questions are as follows - can I get that $2500 back and start the application again - if so how? Is there any risk that the company takes in letting me put the application through them (would be good to be armed with any important facts before approaching them)? Do things progress a lot faster when it goes through the company rather than off our own stream? I heard that once the application is submitted, we're entitled to the childcare rebate - is that true? If there's any feedback on our situation, it would be great to hear. Cheers.
  22. Whilst still in the UK? That way I will have a ready source of funds to rent a house when I get there. Thanks for any advice
  23. Hey, Just wondering about moving money from UK bank to Australian Bank which company is best to use? How soon in advance should I move my money? If I don't move all my money can I transfer it from UK Bank to Australian Bank when in Australia? Thanks Terri
  24. Myself and my boyfriend are travelling to Australia in April, landing in Brisbane and have heard that the Australia government ask for a printout of your bank account balance to ensure you have enough money whilst there. Is this true? If so we have also set up a NAB bank account which we can transfer money too. Should we do a printout of our money in UK bank before transferring to Oz bank? Help
  25. Hi all, We are emigrating to Perth this October and would like some info on what we can and can't take with us. I hear the TV/VCR will be no good in Oz. Is this true or just a myth. Also any suggestrions on good companies for money transfers. Good luck to you all. Paul & family.