Australian dollar worth more that US dollar?
How much would one be able to survive (as in living in Australia such as in Sydney or Melbourne) with $350,000 U.S. dollars? Could one buy a decent home?
- TonyBLv 61 decade agoFavorite Answer
You'll just get an ordinary, small house in a major city for Au$450k. Probably 30klms or more outside the city.
Perth is now the most expensive city for housing in Australia.
If you're just after a nice house, look to cities like Adelaide and Darwin - the prices are cheaper.
Remember - you'll need a steady income affter you've bought your house so try to get a job first.Source(s): Houses - domain.com.au Jobs - seek.com.au
- 1 decade ago
Currencies cannot be compared in absolute terms, so it is not accurate to say that the Australian dollar is "worth more" than the US dollar just by saying that the conversion rate is 1 USD = 1.27 AUD. The question is, what can you buy with 1 USD. IF you can buy more in Australia with 1 USD (i.e. 1.27 AUD) than you could buy in the US for 1 USD, then the USD is worth more than the Australian dollar. If on the other hand, you can buy less, then the AUD is worth more. It's all a matter of what you can get with your currency - not how many of another country's currency you can buy - because their prices may be adjusted accordingly. To use a better example, consider the Baht. 1 USD is equivalent to 33 Baht, but it is certainly not true that you can buy 33 times less in Thailand with 1 USD than you could buy with 1 Baht (in fact, it's the opposite, meaning that you can usually buy 2 to 3 times as much with 1 USD in Thailand than you could buy in the US, so the USD is strong against the Baht). A lot of people's confusion is driven by the fact that currencies are sometimes named the same (Dollars, for example) and often times the exchange rate is close to 1 to 1, which makes people think that 1 to 1 would be parity (even though it may not be), while 1.2 to 1 means that one is "worth" more than the other (which it doesn't necessarily).
So in short, you should check out the real estate market in Australia, check consumer prices for common staples, and determine whether it means that you can live better there on $350,000 USD than you could live in the US. Of course, people that travel back and forth could probably tell you where their mooney goes farther - hopefully one of them is watching this board.
In addition, one other thing you need to consider is how you will continue to make money. $350,000 may be enough to buy a house, but you still have to pay the taxes and utilities and insurance and food and gas and car maintenance and all that other stuff. Are your skills marketable in Australia? What can you make compared to what you could make in the US? If you've never been there (which I assume you haven't if you are asking the question), are you sure you want to jump right into buying a home without checking whether you like it or not first. I would take a chuck of the money and go there for a few weeks, then see if you are ready to plunk down the money on a house.
- FORKYLv 51 decade ago
at the moment $350,000 u.s is equal to $446,000 Australian dollars
and as a Aussie who bought a house 2 years ago for around $300,000 i,ll tell you this if your looking at the major cities of Sydney,Melbourne and even Perth and Brisbane now, you won't get any change out of your $446,000 oz and you will be living in the outer suburbs not in close to the city,and forget about a house on the beach for that amount.
as the majority of Aussies live on the edges of this country and with limited space and a growing population property is becoming expensive down in this neck of the woods.
saying all that the actual homes you can buy and build for that amount are great, probably around 33 squares as a rough estimate which is a fairly big home its just that you will be out of the city a bit.
apartments on the other hand you will be able to afford,and in most cities probably except for Sydney which has the most expensive property on average in Australia.
sorry this is just the reality
- Anonymous1 decade ago
70 cents to the dollar look at www.realestate.com.au and type in city don't buy West of Sydney Parramatta side. Sydney for something decent 500,000 Australia. suburbs Manly Bondi Palm Beach. Work your way in from these areas. see Maps for names of suburbs on www.bigpond.com where is section on the right hand top
Melbourne might be better closer to the city the better. Ask realestate that it is not a state housing area if not that is good. Brisbane, Sunshine Coast, Coast of New South Wales towns not mining towns Queensland is good plus Perth West Australia and Adelaide. Good Luck happy home hunting.
- How do you think about the answers? You can sign in to vote the answer.
- NoreenLv 44 years ago
The dollar value has two sides (like a coin), outside and inside the country. Outside the country is the value relative to other currencies such as the Euro, Yen, Yuan etc. You're right. The US dollar against the Yen has been depreciated about 40% this year, and about 10% against most of Asian currencies,except the Yuan it was only 2% so far. Against Australian dollar it is approaching 1US$=1AU$. It's the right time for all of you to by cheap American products right now. But at home, we have deflation. The price of goods and services inside the US was -0.4 last month. For Americans, it is the right time to buy American product at home too. But Americans have to stay home, and stop enjoying foreign products because the low value of dollar make them so expensive.
- 1 decade ago
350,000 USd=446,216.60 AUD
This means that 1 USD= 1.27 AUD
US dollar is worth more than an australian dollar
i bet that you can buy a pretty decent home in australia with that money and have some left over, or you can rent or buy a pretty luxurious apartment. life is less expensive overthere
good luck. mate
check these out
- Daniel-sanLv 41 decade ago
Yes, right by the ocean, where all the killer Great White sharks lurk. Ohhh, creepy, just don't go swimming in the deep blue sea.
- doingitright44Lv 61 decade ago
aussie dollar = .777 american dollar (ours is worth more)