Australia: News and Views

If you are an overseas Australian property investor you may have noticed that the Aussie dollar is hitting new highs against the US$ and quite a lot of other currencies too. So if you are planning on selling a property and bailing from Australia - now is a very good time to do it - the property market is showing quite strong signs of recovery in places - and more importantly the rate you will get for your foreign exchange is fantastic.

If you are on the other side - maybe and Ausralian expat looking to head back to Australia you are in a worse situation - you might want to delay your overseas currency excahnage in the hope that the dollar doesn’t stay at current levels of over 90c - though speculation is that it might hit partiy - mind you the last time that speculation occurred  - alittle over a year ago from memory - it hit 62c - so you never can tell with foreign exchange.

My advice would be to avoid large currency transactions anyway - drip the currency in or out over a few months - to limit your risk

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