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Found 109 results

  1. With the U.S. Election, plus the Tuesday statement on Australian interest rates due from the Reserve Bank and ongoing Brexit discussion announcements from the UK, the market is expected to be understandably volatile this week. We suggest that anyone looking to reach a specific rate leave an order with your FX specialist so that, if there are sudden moves, you don't miss the opportunity to buy or sell your currency. GBP/AUD currently trading at 1.8420 - market currently seeing the emphasis to the upside with the next resistance at 1.8500 AUD/USD currently trading at 0.7008 - market seeing the trend to the downside with the next support at 0.6970, then 0.6900 Our team will be on-hand 24/7 for our Poms In Oz members - in Australian time on our Sydney office number from 8am: 0414 838586 and, after 7.00pm (AEDT) on 02 8228 1490.
  2. Susan from Moneycorp

    Considering locking in your exchange rate

    Hi everyone ~ A lot of members have been asking me recently about the direction of the Pound & Australian Dollar - especially people who have to make regular international payments or have a payment deadline coming up, where exchange rate fluctuations could make a big impact. We've spoken about the benefit a Forward contract could bring. Thought I'd post a short blog here so that everyone can see how it works: https://www.moneycorp.com/en-au/content-hub/blogs/20192/march/a-currency-forward-contract/
  3. Here is a thread for all the currency experts on PIO. Have a think about your pick for the exchange rate for 1 GBP to the AUD by end of 2011. Will it go up or down ? The closest may even get a prize. The BBC site will be used as the official reference. http://www.bbc.co.uk/news/business/market_data/currency/11/15/three_month.stm
  4. http://www.garp.org/risk-news-and-resources/risk-headlines/story.aspx?newsid=38921 Well, the title says it all. Now, although it can be seen as weakness in the economy - and we do know that some sectors are not faring nicely - it could also be a preemptive move by the government to avoid having speculators pump the currency to extreme highs, thus hurting the education, tourism, and other sectors (and making it harder for people to migrate). A key figure to look at is the unemployment situation and new job creation. I would like readers to share insights on the job situation, salary increases/decreases, and bonus payments etc. How are Australians faring on these fronts?
  5. The Pom Queen

    Interest Rate Drops

    At its meeting today, the Board decided to lower the cash rate to 4.25 per cent. Growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as these passed, the pace of expansion in the US and much of Asia began to pick up around mid year. China's growth has been slowing, as policy-makers there had intended. Trade in Asia is now, however, seeing some effects of a significant slowing in economic activity in Europe.
  6. Guest

    exchange rate

    Hi everyone,hoping to come over nxt year 2012,i was just wondering with the exchange rate so poor,how did everyone do when changing large sums of money,ie equity from your home,or savings,did you manage to get a better rate than what is printed in newspapers and various other magazines:GEEK:,hope to hear from someone soon,many thanks.
  7. Melbourne’s residential vacancy rate has hit 3%, the highest of all the capital cities, following an increase of 0.2% during the month of September, according to figures compiled by SQM Research. There are now 10,926 properties available to rent in Melbourne, compared with 10,197 in August and just 7,986 a year ago, equating to an annual increase of 0.8%. Hobart was the other capital city to register a 0.2% monthly increase, while Brisbane, Adelaide and Canberra recorded monthly increases of 0.1% in line with the national increase in vacancy rates, which now stands at 48,179 properties available to rent, a vacancy rate of 1.9%. According to SQM Research, the national vacancy rate has “hovered around 1.8% to 1.9% for the last few months, which may be an indirect result of the continuous lack of buyer interest in the housing sales market of late”. Managing director of SQM research Louis Christopher says Melbourne is the one exception to the expectation that national vacancy will remain in a fixed range for the foreseeable future. “It is very possible we will see Melbourne vacancies continue to rise from here as there is, even at this point in time, new stock still just being completed now,” Christopher says. The Sydney vacancy rate remained unchanged at 1.4% in September, equating to 7,769 properties listed for rent an increase of just 0.2% over the year. Of the major capital cities, Perth has the fewest available properties to rent at just 1,559 after the city’ vacancy rate fell by 0.1% over September to stand at just 0.9%. SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.
  8. The Pom Queen

    Unemployment Rate

    Australia's unemployment rate fell to 5.2 per cent in September from an unrevised 5.3 per cent in August. Economists had expected the jobless rate to stay at 5.3 per cent and media were speculating that the Reserve Bank would cut interests rates as soon as Melbourne Cup Day on the first Tuesday in November. Instead, 20,400 jobs were added to the economy in September taking the total number of employed to 11.451 million. Of the jobs added, 10,800 were full time taking that tally to 8.044 million in September while part-time employment was up 9,600 to 3.407 million. The September participation rate was as forecast at 65.6 per cent unchanged from August. The ABS reported aggregate hours worked by employed people in Australia fell by 0.6 per cent in September, seasonally adjusted. Hours rose in August by 0.3 per cent in August. Aggregate hours worked in September 2011 were 1.3 per cent higher than in September 2010, compared with a rise. South Australia recorded the highest jobless rate seeing unemployment climb by 4,800 in September where as Western Australia held the title in August. Meanwhile in other parts of the world the UK rate has shot to its highest level since 1994 reaching 8.1 per cent. Youth unemployment (16-years-old to 24-years-old) has hit 21.3 per cent. In the US the September unemployment rate remained at 9.1 per cent despite the creation of more than 100,000 jobs that month.
  9. Hi guys, Can anyone shed any light on car loan rates in Perth? We opened an account with NAB and are going over in 3 weeks. From its website seems like NAB's car loan rate is about 15.5% which would be high in comparison to Irish rates. What would be considered a good car loan rate by Australian standards, excluding finance specials for new cars? Thanks very much in advance! Kate
  10. Hi, i'm new to this so be gentle lol !! I'm a pipe fitter and a gas welder working in the uk at the mo, i'm currently on £12.91. I've just applied for my 175 visa and was wondering does anybody know much a pipe fitter welder is on in oz ? Many Thanks Tim.
  11. Guest

    Rockingham Crime Rate

    I have been doing a little research on Rockingham and there appears to be an awful lot of serious crimes , a stabbing in the shopping centre, drug lab found, carjacking, how true to form is this ? Dave
  12. Guest

    Aus $ Rate

    Hi guys and girls just a littlte info for u the rate for the aus dollar is at year high today rate 1.6294.....:biggrin:
  13. Guest

    the exchange rate

    i see the pound has gained a couple of cents on the dollar yippee lets hope it goes on a bit of an upwards run:jimlad::biggrin:
  14. Now that the pound has gained a few cents and given the number of posts about exhanging money, thought it may be a good idea to encourage people to share their past experiences - good and bad .....for those of us hoping and waiting!
  15. With the exchange rate still AAWWWFFFUL we have money still in the UK. Can anyone suggest a savings account that I can open from over here that gives me a reasonable interest rate.....the one I have currently is coming to the end of its year and the rate reverts to low, low low. I thought maybe my husband could open an account with ING (3%) but find that you can only ring an 0800 number and need a touch tone phone....so any suggestions welcome. Julie
  16. Good afternoon all. What amount do people knock off for making offers on rentals? Would you say 20% or would this be a tad too high? maybe 10-15%? Any thoughts or do most just pay what people are asking? Thanks in advance Andy
  17. I've noticed that there a quite a few newer queries from recent arrivals and those arriving soon surrounding exchange rates. It seems that a lot of people are reluctant to move money here and are waiting for exchange rates to improve. Could we be in for a long wait? What are we doing with our UK savings? Can we find good financial advice by someone competent in both tax systems? ]Is there a good ex Uk accountant here. I would be interested in hearing from people who are in a similar predicament .
  18. AAAAAAAAAAAAAGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!! HA HA HA HA HA HA HA HA HA HA HA HA HA HA !!!! (she says in a rather maniacal high pitched voice!!) What more can I add??!!! :biglaugh::jiggy::huh::cry:
  19. tracy123

    Rate a root.

    I was listening to talk back radio and it turns out there is a site on facebook called rate a root (root in Australia means shag in the UK) It seems to be all school children that are involved? I know it might be a bit of a laugh (for some) but I would hate to see my daughters name and comments! I'm putting up the post to let people know what's happening, I'm sure some may report my heading but this is how it's written on facebook.
  20. Hi everyone this post is to clear any confusion about the exchange rate between the Aus dollar and the British pound. Someone the other day was saved making a MASSIVE mistake by turning down a job in Australia based on the current exchange rate of $1.6 to £1. They worked it out and they thought they were going to get the equivalent of £35,000 per year and they are currently on £32,000. But the true figure was nearer £23,000. Some on here say how can you go with anything other than todays rate, but................... if you do that and accept a job in Australia based on $1.6 to £1, you will be skint. Most wages are based on an exchange rate of about $2.2 to £1, how can this be so, i hear some ask? You see, the uk for some reason has seen its currency devalued more than almost every country in the world, but................. in each individual country wages and the cost of living hasn't really changed. This isn't easy to follow, but because i am a helper to people on PIO, i do not want anyone to fall into the trap of emigrating to Aus thinking that they are getting an equivalent wage ................. based on the current exchange rate, it would be a disaster for them. There has been several innaccurate posts about the current exchange rate being THE only one you can go by, but....................... BE WARNED if you take a job on these figures Australia will be one of the dearest countries in the world to live in. I know it is difficult to understand and the following will hopefully clear it up. Jobs in nursing, the police, tradies, teachers, government, IT, etc are paid in Aus dollars at about an exchange rate of $2.2 to £1. So if you use this calculation, for instance if you earn £33,000 in the uk, you need to earn about $70,000 in Australia. A £50,000 wage, you need about $110,000. If you use the $2.2 to £1 equation, you should have a similar standard of living in Australia as you did in the uk. This is to help would be migrants who are weighing up job offers in Australia, it isn't a UK versus Australia thread. No doubt some will disagree with my figures, but before you do remember people looking for help on PIO, need help and thats all i am trying to do and i have already saved a family from accepting a job with a wage that looked good on the current exchange rate, but in reality they would have faced financial ruin.
  21. I really like the sound of Australia, but the exchange rate is really putting me off going. Are any of you thinking the same as me??
  22. Hi, we have our visa but having trouble selling our house, but my question is is are you all still going ahead with the move with such a poor exchange rate, we seem set to lose thousands then when we origanly decided to go, like many others out there.
  23. Hello All, I fly out to Perth this Sunday and am looking around town for money etc I see the best rate today is 1.50 (I noticed it was 1.63 last week:mad:) travel agent are showing me these cash passports where you load them up with cash before you leave the UK then withdraw at an ATM in Oz who has used them ? & what do you think?. Thanks cobbler
  24. Can any one shed any light on how long it takes for your credit rating to build up before the banks will look at you for mortgages and loans. I am selling my business in the uk and want to start another in oz but will probs need another business loan to achieve this. Will the banks take your uk history into account? Any info/advice welcome. John.
  25. Guest

    Watch the exchage rate

    I have like many others become more and more depressed with the plumit in the exchange rate. When we first started the migration process it was more than $2 to the £1. A couple of weeks ago it hit 1.49 and the properties we were originaly looking at were now probably going to be out of reach. You wait so long and jump through so many hoops trying to get a visa and this just seemed like another almighty kick. Over the last two weeks the tables have turned and although theres still a long way to go,we have today reached 1.6. This rise may be slow but it is a rise. Fingers crossed it continues.