Back in 2002 a Brit working in Australia managing to save $10,000 a year after all expenses would have been able to send around £3,333 back home. Today the same $10,000 would buy around £6,666 – thats double !
It’s not rocket science to work out that today $20,000 would now buy you £13,332. So for anyone considering coming to work in Australia on a skilled work visa for, say, 3 years, you could send home £40,000 over that period. That would pay off a decent part of most mortgages or perhaps even a new luxury car or investment nest egg.