1AUD is now P34?

dantz15

The lower the Aussie $ get, the higher the house prices will get.. (right now SYD has 1M median price with almost every sale going around 200k more than the reserve!)
Good for new migrates in the short term, but once you get started house hunting - it'll just be impossible.

- from a future perpetual renter

hindi ko masyado gets bakit tataas ang house prices?
baka pwede meron mag explain, feeling ko kasi pag tumaas ang prices, mas hihina ang demand.
Kasi namamahalan ang mga buyers. So walang benta.
thanks in advance.

TasBurrfoot

The lower the Aussie $ get, the higher the house prices will get.. (right now SYD has 1M median price with almost every sale going around 200k more than the reserve!)
Good for new migrates in the short term, but once you get started house hunting - it'll just be impossible.

- from a future perpetual renter

hindi ko masyado gets bakit tataas ang house prices?
baka pwede meron mag explain, feeling ko kasi pag tumaas ang prices, mas hihina ang demand.
Kasi namamahalan ang mga buyers. So walang benta.
thanks in advance.

Ganito yun @dantz15; may sinasabi dito sa Australia that the biggest factor driving up the price of houses are overseas investors - mainly the people from mainland China who are flushed with cash.

So all things equal; if the AU$ will get lower - they will be getting more of the local currency for their Yuan. Ang ibig sabihin nimo mas marami silang dolyares na ipambili ng lupa at bahay.

To put it in perspective; the value of the AUD in CNY has decreased by more than 20% in a span of 1 year. 1 year ago, 1Million CNY will buy A$173.6K - now that same CNY amount will buy A$221.7K.

More bang for their CNY - same applies to other currencies including PHP as the AUD slid has been across all other currencies.

Electrical_Engr_CDR

The lower the Aussie $ get, the higher the house prices will get.. (right now SYD has 1M median price with almost every sale going around 200k more than the reserve!)
Good for new migrates in the short term, but once you get started house hunting - it'll just be impossible.

- from a future perpetual renter

hindi ko masyado gets bakit tataas ang house prices?
baka pwede meron mag explain, feeling ko kasi pag tumaas ang prices, mas hihina ang demand.
Kasi namamahalan ang mga buyers. So walang benta.
thanks in advance.

Ganito yun @dantz15; may sinasabi dito sa Australia that the biggest factor driving up the price of houses are overseas investors - mainly the people from mainland China who are flushed with cash.

So all things equal; if the AU$ will get lower - they will be getting more of the local currency for their Yuan. Ang ibig sabihin nimo mas marami silang dolyares na ipambili ng lupa at bahay.

To put it in perspective; the value of the AUD in CNY has decreased by more than 20% in a span of 1 year. 1 year ago, 1Million CNY will buy A$173.6K - now that same CNY amount will buy A$221.7K.

More bang for their CNY - same applies to other currencies including PHP as the AUD slid has been across all other currencies.

The lower the Aussie $ get, the higher the house prices will get.. (right now SYD has 1M median price with almost every sale going around 200k more than the reserve!)
Good for new migrates in the short term, but once you get started house hunting - it'll just be impossible.

- from a future perpetual renter

hindi ko masyado gets bakit tataas ang house prices?
baka pwede meron mag explain, feeling ko kasi pag tumaas ang prices, mas hihina ang demand.
Kasi namamahalan ang mga buyers. So walang benta.
thanks in advance.

Ganito yun @dantz15; may sinasabi dito sa Australia that the biggest factor driving up the price of houses are overseas investors - mainly the people from mainland China who are flushed with cash.

So all things equal; if the AU$ will get lower - they will be getting more of the local currency for their Yuan. Ang ibig sabihin nimo mas marami silang dolyares na ipambili ng lupa at bahay.

To put it in perspective; the value of the AUD in CNY has decreased by more than 20% in a span of 1 year. 1 year ago, 1Million CNY will buy A$173.6K - now that same CNY amount will buy A$221.7K.

More bang for their CNY - same applies to other currencies including PHP as the AUD slid has been across all other currencies.

May I add, When the Australian dollars value is low. It requires More australia dollars to Buy Oil and imported Raw materials required for housing therefore Increasing Housing costs. Although generally global Oil proce has dropped, the Value of the AUD has dropped considerable alot. Nullifying any Global oil price drop.

dantz15

@TasBurrfoot thanks for explaining.
Mas naintindihan ko na ngayon.hehe

dantz15

@Electrical_Engr_CDR Thanks din sa additional info.

Mia

The AUD is taking a hit because coal export is taking a hit...

Admin

Malakas rin kasi ang USD. might change on Sept, paubos na pera ng US, may chance na bumaba ulit USD on sept which will mean tataas ang AUD.

TasBurrfoot

Malakas rin kasi ang USD. might change on Sept, paubos na pera ng US, may chance na bumaba ulit USD on sept which will mean tataas ang AUD.

Err, US is expected to raise interest rates sometime late this year... When this happens, the USD will strengthen and the AUD will again take a hit.

Today the AUD strengthen (albeit prolly temporarily) after the RBA statement which goes something like the A$ is where they want it to be - and of course, rates were held steady at 2%.

I want the AUD to strengthen now - ahahahaha!

Admin

Lets hope for the best!

IslanderndCity

kaya pala ibinenta na ang mamahaling bike & cellphone ng friend ko, tapos pumunta sya sa Pay2Home Singapore last week. lol

christopher_choa1

As of now, 40php na to 1 AUD!!!

Amp_Kanung150

Now 2019, www.audsmart.com provides 36.40 - 36.60 depends on amount for transfer. and the charge zero fee.