What is the outlook for the AUD:NZD? A pertinent question don't you think since so many Kiwis are looking to go to Australia? The press are of course trying really hard to convince New Zealanders to stay at home. Just like the churches they are presenting a lot of SCARY!! stories about Kiwis living on the poverty line in Australia.
Just in case anyone has forgotten. Australia is taking NZ's best workers, not its worst. Those on the poverty line are clearly people who didn't have a realistic sense of their own worth. This is not surprising of course. Australia is a competitive market, and NZ's are inclined to lack a good work ethic if they are not accustomed to living in a competitive market. i.e. A person coming from a country town, accustomed to spending 20 minutes talking to others at the local post-office will have an adjustment.
No, if you have useful skills, then you will find a place in Australia. The following chart suggests however that your chance to move your wealth over to Aussieland is quickly disappearing. The NZD seems destined to fall back to 0.68AUD in the next 6 months as the Australian economy regains strength.
NZD doldrums is of course good news for Aussies looking to buy property in NZ. NZ are eager sellers, whether to move to Australia, or because of the rural drift to the cities, or simply because the 'batch' is quickly turning into an investment nightmare. What is the rationale for living in NZ, or having a house here? Well, depending on where you buy, it could be easy an investment or lifestyle property. Land rates are padded with welfare here, i.e. $1800, so its best to factor that in. Retirement probably makes the most sense. There are many motels for sale or lease. My favourite locations are Rotorua, Wanganui and Nelson, and of course Queenstown if money is no issue.
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