I've looked into this myself to some depth and also have some friends based over in Asia and Sydney doing exactly what you are intending, from my conversations with them the most overriding issue they have complained about is the weakness of the pound, especially in Aus where it has gone from 2.5AUD/£ to about 1.6AUD/£ in a little over 14months.
That being said thats really the only grumble I hear, the quality of life (weather especially!) seems to outweigh these issues.
As someone on the other end of that trade, living in AUD while earning USD has been incredibly difficult in the last two years, and it's not going to get any better anytime soon.
The irony is I passed on buying a flat in London because I was worried the AUD would get weaker and I wouldn't be able to afford the repayments.
Comments
I've looked into this myself to some depth and also have some friends based over in Asia and Sydney doing exactly what you are intending, from my conversations with them the most overriding issue they have complained about is the weakness of the pound, especially in Aus where it has gone from 2.5AUD/£ to about 1.6AUD/£ in a little over 14months.
That being said thats really the only grumble I hear, the quality of life (weather especially!) seems to outweigh these issues.
Some useful links...
http://everything-everywhere.com/
http://locationindependent.com/
As someone on the other end of that trade, living in AUD while earning USD has been incredibly difficult in the last two years, and it's not going to get any better anytime soon.
The irony is I passed on buying a flat in London because I was worried the AUD would get weaker and I wouldn't be able to afford the repayments.