Hi, just wondering if anyone else has decided to bite the bullet and bring their money over to Oz even though the exchange rate is shockingly bad?
We have grown tired of waiting for the exchange rate to pick up only to think at 1.74 that we should have transferred at 1.84 and at 1.64 we should have transferred at 1.74. We've also grown tired of renting, having had to rent in England before we moved over and then once again after arriving in Adelaide. When you've owned you own house for a long time renting is such an inconvenience, plus it's essentially money down the drain. We decided that any money we lost because of the exchange rate we'll make back by not having to rent (well some of it anyway) and using that money to pay our home loan rather than the landlord's.
Also, we didn't move all this way to "live the dream" as it were only to end up renting in the hope that maybe someday soon the exchange rate will go up. It might not happen for years and when it does house prices may have sky rocketed leaving you condemned to a life of renting or buying in Elizabeth.
Tell me we're not alone on this.