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House Price Crash Forum


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Everything posted by mungbean

  1. Thanks for all the advice. I agree the current exchange rate is something of an anomaly and I agree that a Labor win could adversely affect this. Also the interest rate differential doesn’t look like it’s going to blow out any time soon with most commentators pointing to the Aus interest rate remaining about where it is in the foreseeable future. So, after having phoned a friend and asked the audience I think I’m now gonna 'take the money Chris'.
  2. We're returning to the U.K. after an extended period in Australia. We've saved some money up which we are planning to use as a deposit for a house in the future. In recent times the Australian dollar has gone from being worth 45p to around 60p and this has left me in a bit of a quandary. Do I leave the money here in Australia in a relatively high interest savings account or make the most of the current good exchange rate and change it to sterling? Anybody got any thoughts what I should do (sadly us staying here is not an option)?
  3. Albert Einstein once said: "Two things are infinite: the universe and human stupidity, and I'm not sure about the universe." Never a truer word was said.
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