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Option A for us at the moment would be to ideally sell the house (isn't everybody's in our situation?). But.... if we did it appears that without gurantees from the Oz banks, that any equity we had (say £70,000) would be at risk if we transferred our funds over to an Australian account when/if we did sell. What do you do with your equity in such cases (that's if you're lucky enough to have some?)
That makes plan B (renting our house out) much more of an option until the markets steady and maybe start to rise again. But (obviously) there are associated costs to maintaining a property up for rent as a landlord and ideally we'd like to get rid.
There must be others out there who have lived with the anxiety of not being able to sell, have been lucky enough eventually to sell, who are now faced with the problem of where to put their equity where it will be safe?
Andrew you sound like a decent bloke and obviously come highly-recommeded!! May give you a shout fairly soon (when we get nearer to coming over) with regards to my monthly works pension (it's not taxed over here as I get taxed at work - but would the net sum I received now be taxable over in OZ d'you think?) As I say I'd like to get in touch to talk specifics and the transfer of such funds and setting up of bank accounts etc when we get nearer the time if that's OK?
Any probs with yer prostate then yer can let me know and I'll reciprocate!!!!! LOL
hopefully you have seen/heard the news about government Bank guarantees!
Alan, thanks for the offer, I'll bear it in mind!!!!! lol.
Feel free to contact me, I will be happy to assist.
Hi all, exchange rate at present with moneycorp is 2.65 , 2,67 is anybody using them.
Are they recommended, and any good as everyone seems tb mention HIFX.
Thanks , Wayne