Jump to content
Sign in to follow this  
Mummy Mann

Omg!!!! How poor the humble £ is right now against the aus $

Recommended Posts

Was just having a nosey to see if I could afford my dream home in oz (i wish) and was gobsmacked to find the following.

 

12 months ago for £125,000 I would have had $218,750

 

1.75 dollars to the pound

 

Now for £125,000 I would get...... $186.251 :0(

 

1.49 dollars to the pound


Living our dream :biggrin:

Share this post


Link to post
Share on other sites

that's nothing, it use to be 2.5$/GBP. When I went to Perth in May 2009 it was down to 2 and I was shocked, by the time we were coming to Oz, it dropped to 1.7. Although we only transferred the minimum amount we needed to set up for a few months (about 20k gbp), we still lost the price of a new car from when the exchange rate was good.

I remember when we first applied for a state sponsored visa (electronics engineering) a few years ago. We were going to sell up in the UK and buy outright in Oz. The state (Vic) rejected the application saying I was unemployable, so we went for a skilled independent visa. Ironically, I got a job within 3 weeks of coming here, but by the time we got the visa, house prices had virtually doubled and the exchange rate nearly halved, so now we can only rent.


READ FIRST: please note that my posts are my own personal opinions based on my experiences. These are MY OPINIONS pure and simple, NOT a statement of fact.

Share this post


Link to post
Share on other sites

When we first looked at moving to oz 8 years ago we could of bought a lovely 4 bedroom house in oz for £57,000.

When the time comes I think we will transfer the bare minimum over, rent in oz and then when hopefully the £ improved sell our house here.


Living our dream :biggrin:

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×