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Topic Started: Apr 21 2007, 01:35 PM (260 Views)
CHELSEAJAMIE	Apr 21 2007, 01:35 PM Post #1
Redback Posts: 31 Group: Members Member #27 Joined: November 19, 2006	Hi everybody! I haven't been on here for a while, but some of you may remember me, or have indeed been corresponding with us. Well, we have booked our flight for the 31st July (3 days after i'm best man at my bros' wedding!) so will ba difficult time. We have got the removals booked for the 31st May, should complete, fingers crossed early-mid June on our house and have set up a FREE google e-mail address ready, etc...so things are starting to fall into place, except for... * The exchange rate:- We are concerned about this, as it was as high as $2.54 in early Feb, but it has since dived to around $2.39, so a massive difference, especially if intending to exchange a large amount....however with the imminent almost certain interest rate increase here in the UK, along with the uncertainty re the election in Aus, hopefully we will see it improve again, although not as high as $2.54, I bet...Hindsight!! * Where are we goingt o stay when we arrive? Well, we were hoping we would be staying with my rels in the Glasshouse Mountains initially, but they aren't being as "forthcoming" as we had hoped, so if we do stay with them initially, it looks like we will have to ask directly nearer the time...so a plan "B" is needed, just in case... Rentals seem to be at a premium, we have even heard of tennants getting involved in auction like situations to secure one, great for the landlord! Also, some employ a points system...www.homehunter.com.au seems to be about the best for rentals, so we were wondering has anybody else got any tips/in a simular situation/thought of an alternative (apart from what has already been mentioned/renting temp. holiday flats/a motel!)? Regards, Jamie.



cathnpaul	Apr 22 2007, 07:41 AM Post #2
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	moneywise - we arent going to move our lump sum over until the exchange rate picks up and will only move say £10k over to start off as spending money. that will get us a place to live and a car and fingers crossed the exchange rate will have picked up a lot. we will move a little into hifx so that when the exchange rate starts to go back up we will have a trigger to move the lump sum over. we are looking at setting it at 2.5% to get the best deal, even if its next year, we will still have the interest off the UK bank account ticking over. as for the second question...i added some short term lets on your other thread..not what you wanted, but i cant think of anything else other than renting/motels or staying with family/friends. I am looking forward to seeing what other suggestions people come up too now. good to see you back on the forum Jamie. x
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


CHELSEAJAMIE	Apr 22 2007, 11:55 AM Post #3
Redback Posts: 31 Group: Members Member #27 Joined: November 19, 2006	cathnpaul Apr 22 2007, 05:41 PM moneywise - we arent going to move our lump sum over until the exchange rate picks up and will only move say £10k over to start off as spending money. that will get us a place to live and a car and fingers crossed the exchange rate will have picked up a lot. we will move a little into hifx so that when the exchange rate starts to go back up we will have a trigger to move the lump sum over. we are looking at setting it at 2.5% to get the best deal, even if its next year, we will still have the interest off the UK bank account ticking over. as for the second question...i added some short term lets on your other thread..not what you wanted, but i cant think of anything else other than renting/motels or staying with family/friends. I am looking forward to seeing what other suggestions people come up too now. good to see you back on the forum Jamie. x Yes, we will probably do the same, assuming the rate doesn't pick up, but i'm optomistic it will, but I doubt very much it will be as high as $2.54 again, we are kicking ourselves we didn't do it in Feb, but we hadn't found a buyer for our house then and considered it too risky at the time to do a "Forward Contract"..hindsight!! I was also reading on expats yesterday and one post said that historically in the last few years $2.30 is ouch, $2.40 is ok-good and $2.50 is party time- reading that made me feel even worse! Apparantley Aus is booming and spending at the mo (sounds a bit like here!) and that some are even taking out funds from there Super to buy property...suppose it's the same as unlocking equity here, NOT good.. Thankyou for the links on the other thread, the one you have booked looks lovely, but we only really need a 1 bed/garage (just the 2 of us) but the other link to realestate.com (estate agents list) will be Very useful, thankyou, we will copy & paste e-mails to them all nearer the time..Ok, if think of anything else pl let us know, Jamie & Kerrie.



airconkid	Apr 22 2007, 02:46 PM Post #4
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	You could always try www.check-in.com.au as a solution to short term accommodation. They do plenty of appartment type rents, and the prices are coming down, as it is getting closer to winter....... Airconkid
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	Apr 22 2007, 07:04 PM Post #5
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	JAMIEKERRIE Apr 22 2007, 09:55 PM cathnpaul Apr 22 2007, 05:41 PM moneywise - we arent going to move our lump sum over until the exchange rate picks up and will only move say £10k over to start off as spending money. that will get us a place to live and a car and fingers crossed the exchange rate will have picked up a lot. we will move a little into hifx so that when the exchange rate starts to go back up we will have a trigger to move the lump sum over. we are looking at setting it at 2.5% to get the best deal, even if its next year, we will still have the interest off the UK bank account ticking over. as for the second question...i added some short term lets on your other thread..not what you wanted, but i cant think of anything else other than renting/motels or staying with family/friends. I am looking forward to seeing what other suggestions people come up too now. good to see you back on the forum Jamie. x Yes, we will probably do the same, assuming the rate doesn't pick up, but i'm optomistic it will, but I doubt very much it will be as high as $2.54 again, we are kicking ourselves we didn't do it in Feb, but we hadn't found a buyer for our house then and considered it too risky at the time to do a "Forward Contract"..hindsight!! I was also reading on expats yesterday and one post said that historically in the last few years $2.30 is ouch, $2.40 is ok-good and $2.50 is party time- reading that made me feel even worse! Apparantley Aus is booming and spending at the mo (sounds a bit like here!) and that some are even taking out funds from there Super to buy property...suppose it's the same as unlocking equity here, NOT good.. Thankyou for the links on the other thread, the one you have booked looks lovely, but we only really need a 1 bed/garage (just the 2 of us) but the other link to realestate.com (estate agents list) will be Very useful, thankyou, we will copy & paste e-mails to them all nearer the time..Ok, if think of anything else pl let us know, Jamie & Kerrie. will do - no problem... good luck with the move over of money and yourself. The link dave has added looks a good one too. cheers aircon.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


Paul	Apr 23 2007, 02:21 AM Post #6
Croc Posts: 270 Group: Members Member #110 Joined: March 27, 2007	Just as an aside, although it is linked in a way, my main bread earner is from the job I have as a partner in a small UK business. I owned the business outright and put it into partnership prior to coming out to Australia so that I would have work as soon as I arrived. So I now work from home and such is the business that rarely do I have to return to the UK. The hours can be a little odd though... However, it is less than ideal because I'm paid in UK pounds. I'm paid from the profits the business earns and until the annual accounts are officially stamped my dosh resides in a UK bank and only then can I get my muts on it. That's the trouble with being self-employed! So EACH YEAR I have to go through what migrants usually go through just once. In effect, I get paid once a year. There are strange tax implications which both my UK and my Australian accountants smooth out for me after some head scratching. And then it's time to look at the exchange rate and assess the best time for transfer. Bloody ridiculous, but there you go. So no more whinging! And if you must, and you must, think of me or anyone else like me, who has to suffer the ups and downs of the currency exchange markets on an annual basis. It's complete madness! Keep smiling, it'll all be over and you'll never have to worry about it again, unlike yours truly who, at this very moment, has one eye on the exchange rate and the other on his dwindling Aus bank account. Paul.



cathnpaul	Apr 23 2007, 05:51 AM Post #7
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	Paul Apr 23 2007, 12:21 PM Just as an aside, although it is linked in a way, my main bread earner is from the job I have as a partner in a small UK business. I owned the business outright and put it into partnership prior to coming out to Australia so that I would have work as soon as I arrived. So I now work from home and such is the business that rarely do I have to return to the UK. The hours can be a little odd though... However, it is less than ideal because I'm paid in UK pounds. I'm paid from the profits the business earns and until the annual accounts are officially stamped my dosh resides in a UK bank and only then can I get my muts on it. That's the trouble with being self-employed! So EACH YEAR I have to go through what migrants usually go through just once. In effect, I get paid once a year. There are strange tax implications which both my UK and my Australian accountants smooth out for me after some head scratching. And then it's time to look at the exchange rate and assess the best time for transfer. Bloody ridiculous, but there you go. So no more whinging! And if you must, and you must, think of me or anyone else like me, who has to suffer the ups and downs of the currency exchange markets on an annual basis. It's complete madness! Keep smiling, it'll all be over and you'll never have to worry about it again, unlike yours truly who, at this very moment, has one eye on the exchange rate and the other on his dwindling Aus bank account. Paul. I am not sure i could cope with being paid once a year. But would enjoy the paypacket when it come through. is there a particular time of the year when the exchange rate is better than others??
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


Paul	Apr 23 2007, 06:03 AM Post #8
Croc Posts: 270 Group: Members Member #110 Joined: March 27, 2007	I don't know Cath when the best time of year is or even if there is one. It's not like I can hang on to find out! It's the strangest of feelings - I think I'm rich and then I divide the number by 52... :lol:



CHELSEAJAMIE	Apr 23 2007, 05:01 PM Post #9
Redback Posts: 31 Group: Members Member #27 Joined: November 19, 2006	Paul Apr 23 2007, 12:21 PM Just as an aside, although it is linked in a way, my main bread earner is from the job I have as a partner in a small UK business. I owned the business outright and put it into partnership prior to coming out to Australia so that I would have work as soon as I arrived. So I now work from home and such is the business that rarely do I have to return to the UK. The hours can be a little odd though... However, it is less than ideal because I'm paid in UK pounds. I'm paid from the profits the business earns and until the annual accounts are officially stamped my dosh resides in a UK bank and only then can I get my muts on it. That's the trouble with being self-employed! So EACH YEAR I have to go through what migrants usually go through just once. In effect, I get paid once a year. There are strange tax implications which both my UK and my Australian accountants smooth out for me after some head scratching. And then it's time to look at the exchange rate and assess the best time for transfer. Bloody ridiculous, but there you go. So no more whinging! And if you must, and you must, think of me or anyone else like me, who has to suffer the ups and downs of the currency exchange markets on an annual basis. It's complete madness! Keep smiling, it'll all be over and you'll never have to worry about it again, unlike yours truly who, at this very moment, has one eye on the exchange rate and the other on his dwindling Aus bank account. Paul. Fair comment- and your are right, once is DEFINATLEY enough...assuming (worse case scenario)we don't decide to move what we have left back eventually!



cathnpaul	Apr 24 2007, 07:49 AM Post #10
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	JAMIEKERRIE Apr 24 2007, 03:01 AM Paul Apr 23 2007, 12:21 PM Just as an aside, although it is linked in a way, my main bread earner is from the job I have as a partner in a small UK business. I owned the business outright and put it into partnership prior to coming out to Australia so that I would have work as soon as I arrived. So I now work from home and such is the business that rarely do I have to return to the UK. The hours can be a little odd though... However, it is less than ideal because I'm paid in UK pounds. I'm paid from the profits the business earns and until the annual accounts are officially stamped my dosh resides in a UK bank and only then can I get my muts on it. That's the trouble with being self-employed! So EACH YEAR I have to go through what migrants usually go through just once. In effect, I get paid once a year. There are strange tax implications which both my UK and my Australian accountants smooth out for me after some head scratching. And then it's time to look at the exchange rate and assess the best time for transfer. Bloody ridiculous, but there you go. So no more whinging! And if you must, and you must, think of me or anyone else like me, who has to suffer the ups and downs of the currency exchange markets on an annual basis. It's complete madness! Keep smiling, it'll all be over and you'll never have to worry about it again, unlike yours truly who, at this very moment, has one eye on the exchange rate and the other on his dwindling Aus bank account. Paul. Fair comment- and your are right, once is DEFINATLEY enough...assuming (worse case scenario)we don't decide to move what we have left back eventually! Thats crossed my mind too - about if we decide to move back (worse case scenario). How it will impact on us will be amazing.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


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