Does anybody have any clue how strong the AU Dollar is likly to get!!!
I guess like many people, we are watching out house equity get smaller by the day in AU Dollar terms! Reassurance required please!!

Hi Simon,

Yep I'm feeling quite foolish for passing up a chance of buying at 2.52 which at the time I thought was a bit low!

I'm holding out to see if the Bank of England will raise their rates. Hopefully that will swing things back a bit but I doubt it will make more than a couple of cents per pound difference.

Try to be positive think how much more your equity will still buy in Australia in comparison to the UK.

An interesting point is to look at the rate in say 1993 and look at property prices in both the UK and Australia at that time, it is a good way to see who has come out on top over a ten year period. Its all a case of catch up all around the world. It dosent help much I know but it may make you feel a little better to do the comparison

regards

Hi Wenval

Thanks for the encouragement......we have been very fortunate here in the UK with regard to house price gains. Though like most people our dream was, decent house, pool in the back yard and no mortgage!... oh well we'll have to take a small mortage now, though hopefully no more than $50K. Lets hope the pound doesn't slide much further against the dollar.
Cheers
Simon