One-Eyed Richmond Forum
General => General Discussion => Topic started by: mightytiges on October 16, 2010, 04:17:56 AM
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The Australian dollar has reached parity with the US dollar for the first time since the currency was floated in December 1983.
The Aussie rose to $US1.0003 at 11.15pm last night in overseas trading.
It was the first time since July 28, 1982 that the Australian dollar has traded at $US1.
http://www.theage.com.au/business/dollar-hits-parity-20101015-16ntx.html
If anyone is heading to the US enjoy it while it lasts (as long as the US economy stays in a mess).
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If anyone is heading to the US enjoy it while it lasts (as long as the US economy stays in a mess).
Very good odds it will remain in a mess
The "Yes We Can" motto should now be "I Don't Know How" ;D
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
LOL
I remember seeing a show a few months back showing College students over there buying houses somewhere in Florida for just $100k.
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
Leaving day after Cup day for NYC and Vegas
you can actually pick up a condo in central Manhatten for under 350k, the same price if not less than a 1 bedroom in Melbourne CBD believe it or not.
They have very strict rules in renting out your place for 2 years max, but if your looking for easy money then a place in States for a 3 year investment will be easy money if you have spare cash lying around. However being in another country would be hard to manage
Once the USA picks up again within a year or 2, the USD will be back around 75 IMO.
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I would give the American property market more than another 3 years before you can start saying its easy money to be made.
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I would give the American property market more than another 3 years before you can start saying its easy money to be made.
your probably right the USA are stuffed for many years to come, but if your looking at it purely from a USD/AUD point of view then i can see mid 70's level in a few years time and that represents a 20-30% profit.
The issue over there is they dont allow you to buy an apartment and then let it be rented for years on end. They have laws and their fees, which are like our body corp fees and so high its not funny.
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Once the USA picks up again within a year or 2, the USD will be back around 75 IMO.
I think it more likely to go back to the 82-86 mark myself
But it certainly wont stay where it is now (98-99) forever
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Since the Aussie dollar was floatd in 1983, 70 US cents has been par.
(http://www.rba.gov.au/mkt-operations/images/exchg-rate-rba-role-graph3.gif)
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
Leaving day after Cup day for NYC and Vegas
you can actually pick up a condo in central Manhatten for under 350k, the same price if not less than a 1 bedroom in Melbourne CBD believe it or not.
They have very strict rules in renting out your place for 2 years max, but if your looking for easy money then a place in States for a 3 year investment will be easy money if you have spare cash lying around. However being in another country would be hard to manage
Once the USA picks up again within a year or 2, the USD will be back around 75 IMO.
what part of Manhattan?
Lower east side?
Mid town?
Uptown?
Brooklyn?
Chelsea?
I'm interested,so back it up tiger.
More info.
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http://www.rickotton.com/blog/?p=119
good article about the traps u can fall into when dealing with investment propertys in america and being an off shore landlord.
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The RBA has just increased interest rates by 0.25% despite inflation being under control. Parity with the US dollar and beyond here we come.
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Could hit parity again tonight. American Federal Reserve is unveiling economic stimulus tonight as well aren't they?
hopefully the investors in American aren't to busy out voting to buy into Aus dollar.
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Yep the US Feds will consider extra stimulus overnight our time.
Aussie dollar jumped up almost a dollar after the interest rate rise to 99.71 US cents.
http://www.businessweek.com/news/2010-11-02/australia-raises-interest-rate-to-4-75-ending-pause.html
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
Leaving day after Cup day for NYC and Vegas
you can actually pick up a condo in central Manhatten for under 350k, the same price if not less than a 1 bedroom in Melbourne CBD believe it or not.
They have very strict rules in renting out your place for 2 years max, but if your looking for easy money then a place in States for a 3 year investment will be easy money if you have spare cash lying around. However being in another country would be hard to manage
Once the USA picks up again within a year or 2, the USD will be back around 75 IMO.
what part of Manhattan?
Lower east side?
Mid town?
Uptown?
Brooklyn?
Chelsea?
I'm interested,so back it up tiger.
More info.
????????????????????? ?
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Hoping to go to the US in the next year or two, hope it stays this way :thumbsup
When we were over there in 2007 (the day we traded for Jordie :rollin) we were rapted to be getting $0.85-$0.87 for 1 Aussie $
Now parity - tempted to plan another trip ;D
While you are the WP, why don't you pick up a few investment properties. At the moment you could probably pick them up with the change in your wallet. ;D
Leaving day after Cup day for NYC and Vegas
you can actually pick up a condo in central Manhatten for under 350k, the same price if not less than a 1 bedroom in Melbourne CBD believe it or not.
They have very strict rules in renting out your place for 2 years max, but if your looking for easy money then a place in States for a 3 year investment will be easy money if you have spare cash lying around. However being in another country would be hard to manage
Once the USA picks up again within a year or 2, the USD will be back around 75 IMO.
what part of Manhattan?
Lower east side?
Mid town?
Uptown?
Brooklyn?
Chelsea?
I'm interested,so back it up tiger.
More info.
all parts actually mate. there seem to quite a few up town near Central.
below is part of an email an agent has sent me in the past
505 W 47th Street for $425k
Third and Lexington valued at $425k
70 and Third valued at $299k.
505 West 47th is a great building with amazing amenities as you can see from the listing. 505 Offers Full time Concierge, Landscaped and furnished Courtyard and Common Roof Garden, Roof Top Terraces (available for purchase), Bike and Tenant Storage. In addition the unit for sale has a private outdoor space which is a major plus for those renting. There is a unit for rent Unit 3DS asking $2000 in rent. That unit does NOT have outdoor space. In addition there is a washer/dryer in all units so another added benefit for renters. Based on the amenities, outdoor space and its a brand new apartment you can ask $2200 give or take.
140 East 56th St between Lex and 3rd the location is great as its close to subways. Its close to the 59th St Lexington EXPRESS subway line. You can grab 6,N,E trains from here. Asking rent is about $2100.
212 East 70th st between 2nd and 3rd is a walk up. No elevator or doorman. Plz keep in mind this is a 3rd floor walk up and is only 370 sq ft and no laundry. Although its in a good location as its a few blocks from the subway you can probably get rent for this unit $1600-$1700. Unfortunately there are no other photos nor floor plan.
There was an article in todays Herald Sun page 93 or 97 cant remember exactly which discusses in detail the growing demand of aussies buying up in the States.
Worth a look lets face it we cant do any worse than our property bubble that is going on in Australia at the moment.
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http://www.propertyinvesting.com/forums/property-investing/overseas-deals
just came across this interested to see some of peoples posts.
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Dollar must be above now, because I exchanged some today and got a bonus for a change :thumbsup
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Dollar must be above now, because I exchanged some today and got a bonus for a change :thumbsup
what rate did you buy the dollar at.
Personally I dont think the QE2 will work. Long-term I can see the dollar rising more. Its unlucky to drop if it does though it won't be by very much so im not buying in just yet.
This week I think it could break through the 1.02 level.
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$1.0059 tonight. Don't spend the halfcent all at once :D.
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HONG KONG (MarketWatch) — China’s central bank lifted the ratio of required reserve funds for several major lenders by half a percentage point, according to reports Wednesday.
The hike will apply to Bank of Communications, along with China’s four major state lenders — Bank of China Ltd., Agricultural Bank of China Ltd., Industrial & Commercial Bank of China Ltd. and China Construction Bank — the reports said.
Various reports citing unnamed sources said the move will be effective Nov. 15., although the People’s Bank of China offered no immediate formal confirmation.
The move, which requires the named banks to set aside 18% of their assets as reserves, will collectively drain about 180 billion yuan ($27.1 billion) of funds from circulation, according to calculations by Bank of America-Merrill Lynch.
“Factors behind this hike should be quite straightforward: to lock money flowing into China, either in the form of trade surplus or hot money, as on the back of QE2,” said BofA-Merrill Lynch’s Ting Lu in note Wednesday.
He added that inflation expectations are on the rise across major Chinese cities, with “stories of price hikes and QE2 occupying major media.”
Merrill said the impact of the reserve-ratio hike on banks’ bottom lines would be minimal, although worries lingered that the move could be the first of more to come.
“What the market is really concerned with is that Beijing could take draconian measures to cool the economy to contain inflation,” Merrill’s Lu said.
The banking majors traded lower Wednesday in Hong Kong and Shanghai, following the news.
http://www.marketwatch.com/story/china-hikes-reserve-ratio-for-major-banks-2010-11-10
Our dollar is getting smashed hopefully it holds parity
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Aussie dollar is back above parity with the US dollar and is also at record highs against the Pound and Euro. A good time for an overseas holiday if you don't mind being up to your waist in snow.
http://news.theage.com.au/breaking-news-business/a-near-post-float-high-vs-us-pound-euro-20101229-199gz.html
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1.01 now. Such a good rate even for buying and holding purposes.
should make 10-15% by end of year when the dollar drops to about 85-90 cents
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1.01 now. Such a good rate even for buying and holding purposes.
should make 10-15% by end of year when the dollar drops to about 85-90 cents
True. They're claiming the Aussie dollar will drop to at least 90 cents by this time next year so not long to wait to make a profit.
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1.01 now. Such a good rate even for buying and holding purposes.
should make 10-15% by end of year when the dollar drops to about 85-90 cents
True. They're claiming the Aussie dollar will drop to at least 90 cents by this time next year so not long to wait to make a profit.
I cant see the dollar dropping back under 90cents while the american fed reserve are printing extra money which will be happening for half this year QE2 package dont forget guys
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the truth is no one really knows there is a fair bit of guess work from all parties including people that are supposed to know.
I remember 3 years ago analysts from the major banks were saying the currency would peak at 85 to 90 cents. Its all crap
the only thing i do know is the US cannot surely get any where than where they are right now
dollar approaching 1.03
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I wouldnt worry about jumping on the US dollar to fast at the moment. Alot of things can happen this year that will keep pushing our dollar up on it plus theres no real reason for our dollar to drop fast against it.
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I wouldnt worry about jumping on the US dollar to fast at the moment. Alot of things can happen this year that will keep pushing our dollar up on it plus theres no real reason for our dollar to drop fast against it.
what was that you were saying?
dollar nearly hit 1.03 now ur lucky to get 98 cents. big drop of 5% with further expected due to the floods
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I wouldnt worry about jumping on the US dollar to fast at the moment. Alot of things can happen this year that will keep pushing our dollar up on it plus theres no real reason for our dollar to drop fast against it.
what was that you were saying?
dollar nearly hit 1.03 now ur lucky to get 98 cents. big drop of 5% with further expected due to the floods
obviously I couldnt predict massive floods that will cut exports and GDP. But long-term im still bullish on the dollar
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The Aussie dollar is pushing up again. It's now hanging around just below the $1.03 US mark. Some experts are saying it could hit $1.05.
http://online.wsj.com/article/BT-CO-20110329-701177.html
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It's nearly at $1.04 at the moment.
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Now at 104.8 US cents thanks to the positive jobs data today. Some experts are even saying now it coul reach $1.10 US :o
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$1.05.04 overnight...
Anyone thinking of buying imported goods, hold off for 6 months :thumbsup
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At 1pm (AEST) today, the local unit hit 105.96 US cents, its highest level since it was floated in December 1983.
Read more: http://www.theage.com.au/business/aussie-dollar-hits-another-record-20110420-1doae.html#ixzz1K2LtEWD8
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In mid-afternoon trading today, the local unit hit 106.05 US cents, its highest level since it was floated in December 1983
Today's record adds to a series of recent, record-setting peaks which have kept the Australian dollar consistently trading well above parity, with some analysts predicting it could go as high as 110 US cents by the end of the year.
http://www.smh.com.au/business/aussie-dollar-hits-another-record-20110420-1doae.html
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It hit $1.0719 this morning.
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fantastic if your a business importing ;D
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fantastic if your a business importing ;D
we import :thumbsup
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$US 1.0736
http://www.theaustralian.com.au/business/no-end-in-sight-to-soaring-dollars-record-run-as-it-approaches-us110/story-e6frg8zx-1226043499968
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Another high
Inflation forecasts raised today. Result dollar $1.085.
Rate rise guaratneed now in the next few months. Dollar will hit 1.10-1.15 no doubt now
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Another high
Inflation forecasts raised today. Result dollar $1.085.
Rate rise guaratneed now in the next few months. Dollar will hit 1.10-1.15 no doubt now
Agree daniel, though I would expect that the RBA will hold off on interest rates next week and watch what happens with costs over the next month or 2.
The experts are saying that food prices that have gone up because of the Qld flods & cyclone Yasi are likely to stabilise or perhaps drop back to "normal" levels
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Be interesting to see what Bernanke says in his speech tonight. Surely he'll have to try and word something to give off confidence and slow the USD falling.
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$1.08 now...
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Another high
Inflation forecasts raised today. Result dollar $1.085.
Rate rise guaratneed now in the next few months. Dollar will hit 1.10-1.15 no doubt now
Agree daniel, though I would expect that the RBA will hold off on interest rates next week and watch what happens with costs over the next month or 2.
The experts are saying that food prices that have gone up because of the Qld flods & cyclone Yasi are likely to stabilise or perhaps drop back to "normal" levels
Yes it played a major part IMO. We not only pay more for Food, petrol etc but Insurance too which fuels the inflation number.
We would be paying $2 a litre for fuel if the USD was around 80 cent mark.
There are no experts when predicting rates, USD etc etc. Its 90% guess work cause reality is no one really knows.
These economists change their mind like Andy D and Adrian tosser Anderson.
Rates are a certainty by July i would say. I will get buy some USD very soon to keep in the kitty till next year.
Honestly anything over 1.10 is unbelievable value for money when travelling over there.
Holiday about to be booked for 2011 with our new born. Cruise out of Miami to Carribean for $600.
Cant beat it if you havent tried it :thumbsup
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Over $1.09 today and possibly heading towards $1.12 :o
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getting interesting in investment terms. may have to start looking at US based equities to take advantage of our own strengthening dollar.
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Might splash out and get myself a nice little place over in Detroit.
(http://attach.realcomponline.com/?PATH=PROPERTY/AC694/C779B/AC694DC779BA4C/DF12C732AC7405.jpg&g=100&sp=0&l=0&t=0&r=10000&b=10000&o=0&1cf=0&w=320&h=240)
I can afford $180US. :o
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Might splash out and get myself a nice little place over in Detroit.
(http://attach.realcomponline.com/?PATH=PROPERTY/AC694/C779B/AC694DC779BA4C/DF12C732AC7405.jpg&g=100&sp=0&l=0&t=0&r=10000&b=10000&o=0&1cf=0&w=320&h=240)
I can afford $180US. :o
There were stacks of foreclosures in place like Detroit and Cleveland when the GFC hit. People just walking out and abandoning their homes. House prices have nosedived over there.
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Might splash out and get myself a nice little place over in Detroit.
(http://attach.realcomponline.com/?PATH=PROPERTY/AC694/C779B/AC694DC779BA4C/DF12C732AC7405.jpg&g=100&sp=0&l=0&t=0&r=10000&b=10000&o=0&1cf=0&w=320&h=240)
I can afford $180US. :o
There were stacks of foreclosures in place like Detroit and Cleveland when the GFC hit. People just walking out and abandoning their homes. House prices have nosedived over there.
We are at 1.10 and its hard not to see this heading toward 1.15-1.20 now. Who knows. I very much doubt we will see this levels for a very very long time maybe not again in our lifetime especially if it reaches the 1.20 mark.
There are Australian Companies like www.888usrealestate.com.au smashing the market with offers of High yield but as we know high return means high risk.
Some of the sales i get emailed are unbelievable value. If only you had someone over there who could manage it for you.
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America are stuffed Dollar might not hold these high levels but they will return. America are going to have to keep printing for a while yet.
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The A$ went past $1.10 yesterday before falling back to $1.0943. Experts are now raising the maximum value it will reach to $1.15 :o
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I think this guy is wishful thinking when he reckons the A$ will reach US$1.70 by 2014!
http://www.news.com.au/business/australian-dollar/aussie-dollar-could-hit-us170-by-2014-predicts-money-guru-savvas-savouri/story-fn6t6wad-1226052283978
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Just announced that our economy grew 0.9% in the last quarter so the Aussie dollar has jumped to a record high of $1.104 :o
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Just proves MT that economists have no better idea than predicting than everyday aussies.
last week it was rates are on hold for the rest of the year, amidst the doom and gloom of the PIGS and USA, and now its rates are on the way up, possibly as soon as August.
Seriously hearing "experts" like koshy predict the economic future of Australia is comical.
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Seriously hearing "experts" like koshy predict the economic future of Australia is comical.
So true daniel, so very true ;D
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Just proves MT that economists have no better idea than predicting than everyday aussies.
last week it was rates are on hold for the rest of the year, amidst the doom and gloom of the PIGS and USA, and now its rates are on the way up, possibly as soon as August.
Seriously hearing "experts" like koshy predict the economic future of Australia is comical.
With any mathematical statistics it's a lot easier to make long-term predictions based on smooth long-term trends than short-term predictions where "noise" dominates especially in such a current volatile global economic environment. My hunch (I'm no economist) is we need to wait a quarter or two more to see the real underlying inflation trend as the flow effects of the natural disasters of last summer seem to have still affected the June quarter CPI figure. Bananas for example are still well over $10 per kg.
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yep dollar now below parity.
Prediction is now for a rate cut. Last week it was a rise. Week before that was a cut
crazy times ahead
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yep dollar now below parity.
Prediction is now for a rate cut. Last week it was a rise. Week before that was a cut
crazy times ahead
Not wrong
Sharemarket looked bleak this morning but has bounced back this arvo to finish in the black today
Our economy is strong compared to others and we have investors panicking
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
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It's ironic how the US lost their triple A rating but people are jumping to there dollar for safety.
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i thought people were buying gold for safety
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yep dollar now below parity.
Prediction is now for a rate cut. Last week it was a rise. Week before that was a cut
crazy times ahead
Not wrong
Sharemarket looked bleak this morning but has bounced back this arvo to finish in the black today
Our economy is strong compared to others and we have investors panicking
yep
Its times like this when the cashed up smart investors pounce. They love a nervous market
The truth is its anyones guess as to whats going to happen next. Will Italy, Spain follow suit to cause GFC mark 2, is the real question.
Europe is stuffed, USA are stuffed and we are hanging on by a very thin thread cause of China.
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.
Obama has already killed the Space Shuttle, expect a serious Miltary cut-back next.
Afganistan and Iraq alone have cost them close to 900 billion dollars.
The US has plenty of money just needs to stop invading other peoples countries.
:thumbsup
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.
The GOP, and in particular the tea party faction refuse to allow the current administration to raise taxes. That and and the fact that they do not want obama to remove the tax cuts for the rich that bush introduced was a major sticking point in the negotiations to raise the US debt ceiling.
A couple of weeks ago i saw a senator on TV say that he wanted to do what is best for the country but did not want to do anything that would help obama get re-elected.
talk about skin off you nose to spit your face.
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.
The GOP, and in particular the tea party faction refuse to allow the current administration to raise taxes. That and and the fact that they do not want obama to remove the tax cuts for the rich that bush introduced was a major sticking point in the negotiations to raise the US debt ceiling.
A couple of weeks ago i saw a senator on TV say that he wanted to do what is best for the country but did not want to do anything that would help obama get re-elected.
talk about skin off you nose to spit your face.
Just like Tonty Rabbitt and his goons.
The only thing they are concerned about is bringing down the government stuff the consequences
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US debt visualisation
http://usdebt.kleptocracy.us/
Seriously scary.
:o
It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.
Obama has already killed the Space Shuttle, expect a serious Miltary cut-back next.
Iran and Iraq alone have cost them close to 900 billion dollars.
The US has plenty of money just needs to stop invading other peoples countries.
:thumbsup
Did I miss something when did America invade Iran? I think you might mean Afghanistan.
The space shuttle has achieved what it was set out to. Now like after Apollo there is a break from space travel while they fund the new Orion capsules to go further into space.
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Did I miss something when did America invade Iran? I think you might mean Afghanistan.
The space shuttle has achieved what it was set out to. Now like after Apollo there is a break from space travel while they fund the new Orion capsules to go further into space.
Quite right, it was meant to be a reusable system of space flight which it was but...
Trouble is(was?) each shuttle cost 1.7 billion dollars to make and each mission cost (on average) 1.3 billion dollars (that's per flight).
:thumbsup
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Some are predicting our Dollar to go back under parity within days.
Currently at 1.0222
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Some are predicting our Dollar to go back under parity within days.
Currently at 1.0222
Not a bad thing if it does. For our manufacturing and tourism industries our dollar is currently 25 US cents too high.
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The Aussie dollar has dipped below parity today to 99.96 US cents.
The ASX has also dipped below 4000 points.
http://www.abc.net.au/news/2011-09-22/markets-slump-on-us-fed-action/2911420
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The lemmings are on the track..............
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The Aussie dollar has fallen to 94.8 US cents.
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Be kicking your self if you was heading over to the states in the next couple of weeks and didn't buy any USD a month ago.
But thats hindsight for you.
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I'm kicking myself >:( >:( Had to put a $5000US deposit on accommodation for a OS trip next year, when the dollar slid back just below parity I decided to wait to till it went back up :pray 3 weeks later the accommodation now costing me close to $1000 more :banghead :banghead
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Touched 1.08 after RBA left rates on hold.
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Touched 1.08 after RBA left rates on hold.
they(RBA) obviously see something we dont.
Construction, Retail, Tourism all down yet they fence sit.
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Touched 1.08 after RBA left rates on hold.
they(RBA) obviously see something we dont.
Construction, Retail, Tourism all down yet they fence sit.
Looks like the rise in job ads in January changed the RBA's mind :-\.
Well no one can accuse the RBA of not being independent.
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We should see two rate cuts in the coming months after yesterday's inflation figures. There'll definitely be one next Tuesday. That might knock a few cents of the dollar as well.
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The question is not so much if the reserve bank will cut rates, but if the banks will follow suit?
going slightly off topic (forgive me WAT :P, but i couldnt be bothered hunting down the thread,) there was a discussion on here a while ago about buying property in the the US and it's dangers. There was a story on the 7.30 report last night about a heap of people who were burnt badly doing just that
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The question is not so much if the reserve bank will cut rates, but if the banks will follow suit?
going slightly off topic (forgive me WAT :P, but i couldnt be bothered hunting down the thread,) there was a discussion on here a while ago about buying property in the the US and it's dangers. There was a story on the 7.30 report last night about a heap of people who were burnt badly doing just that
Didnt see it but just googled. Fair enough which is why its important your using the right company that does their due dilligence.
I know theres a guy in Byron who runs a very successful company doing just this. IMO would be so hard to manage while your over there but 10/20k between a few people is very small risk but means nothing if title belongs to another person.
I was in NYC last month and made some enquires on apartments over there. Cheaper to buy apartments in NYC than Melbourne
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Aussie dollar lingering under parity now thanks to what is happening in Greece. 98.4 US cents
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Aussie dollar lingering under parity now thanks to what is happening in Greece. 98.4 US cents
Along with Greece and the ripple effects of European financial issues. China's growth has also slowed to a 13 year low that adds to selling of the Aussie $.
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Who are you?
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Not great news for struggling retailers and manufacturing but our dollar is going to stay above parity for a while longer thanks to this ...
---------------------------------------------------------
UP TO 23 central banks from around the globe have included Australian dollar assets in their foreign exchange reserves, underlining the wide appeal the currency holds among overseas investors.
(http://images.theage.com.au/2012/09/17/3642529/18RBA-420x0.jpg)
Central banks, which have historically invested heavily in euros and US dollars, are looking to diversify in response to the dour outlook in these economies.
Chief currency strategist at Westpac, Robert Rennie, said Australia's AAA credit rating and strong economic outlook was an attractive combination for investors, when compared with many other nations.
Read more: http://www.theage.com.au/business/worlds-central-banks-shout-aussie-aussie-aussie-20120917-262iv.html#ixzz26kME5yoj
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Aussie dollar down to 92 US cents after the US Feds said they are turning off the stimulus measures over there.
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The days are over for the extra cheap US holiday
80 bound is my guess by December
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The days are over for the extra cheap US holiday
80 bound is my guess by December
It will be home grown holidays for a while.
Never been to Darwin.
And it has been 20 years since I've been to Tasmania.
:thumbsup
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Never been to Darwin.
Look us up if you get up this way '65.
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Never been to Darwin.
Look us up if you get up this way '65.
Will do.
:cheers
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not a good day coming up today for you 65 if rates drop further as expected.
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not a good day coming up today for you 65 if rates drop further as expected.
Because....
Darwin is in a different country?
:lol
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not a good day coming up today for you 65 if rates drop further as expected.
Because....
Darwin is in a different country?
:lol
no, thats not what i meant.
Your a retiree are you not? Low rates means low interest
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not a good day coming up today for you 65 if rates drop further as expected.
Because....
Darwin is in a different country?
:lol
no, thats not what i meant.
Your a retiree are you not? Low rates means low interest
57 years old and planning to work FT for another 8 years, 0.5EFT for five years, CRT for ten years and retire at around 80.
:cheers
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The days are over for the extra cheap US holiday
80 bound is my guess by December
It will be home grown holidays for a while.
Never been to Darwin.
And it has been 20 years since I've been to Tasmania.
:thumbsup
Just think of Melbourne 10 years ago and you're basically there
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ummm, no!
despite the changes in the dozen or so years i have been here, Darwin is nothing like melbourne has ever been in my life.
each suburb of melbourne would have more traffic lights than the entire darwin region
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ummm, no!
despite the changes in the dozen or so years i have been here, Darwin is nothing like melbourne has ever been in my life.
each suburb of melbourne would have more traffic lights than the entire darwin region
I'm thinking a couple of weeks in the July holidays next year.
What's the weather like then?
:cheers
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ummm, no!
despite the changes in the dozen or so years i have been here, Darwin is nothing like melbourne has ever been in my life.
each suburb of melbourne would have more traffic lights than the entire darwin region
Sorry I should of made it clear I was referring to Tassie
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:lol
I'm thinking a couple of weeks in the July holidays next year.
What's the weather like then?
:cheers
generally as good as it gets.
days around 30
if its a good dry the nights will drop to the low teens
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57 years old and planning to work FT for another 8 years, 0.5EFT for five years, CRT for ten years and retire at around 80.
Ambitious, aren't you a teacher, at the schools I grew up in they would tear a 70yo teacher to shreds halfway through Term 1!
An 80yo CRT teacher would not make it past morning playlunch at Werribee High :help, although I'm not sure what it's like these days.
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57 years old and planning to work FT for another 8 years, 0.5EFT for five years, CRT for ten years and retire at around 80.
Ambitious, aren't you a teacher, at the schools I grew up in they would tear a 70yo teacher to shreds halfway through Term 1!
An 80yo CRT teacher would not make it past morning playlunch at Werribee High :help, although I'm not sure what it's like these days.
The school is an eastern suburbs secret
Shhhhhhhh!!!!
Waiting lists at each level.
We don't produce Doctors or Lawyers (who would wish that upon their kids)
We produce good people.
Next year's No 1 draft pick is in Yr 12 ATM.
:cheers
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High school fees 65, you would want to hope its a good school.
Also Darwin great placed been there heaps of times. Better than that hole that is Cairns.
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http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425