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They never were, they were paying 1.4 million for land that the weatherboard crackshack sat on, 5km from the city. In many cases, that weatherboard crackshack got razed and a set of 20m apartments built where it lay. If this is the foundation on which your economic analysis sits I think it may be on shaky ground.
There have been some significant gains for the Australian dollar over the past few days, including against the USD, SGD, EUR, GBP and MYR. Against the USD, our dollar is now only down 0.63% over the past year and 0.1% for the EUR. It's also up 0.11% against the GBP and 1.7% for the SGD.
We must be overdue for an expert to claim 'Aussie can go to 80 cents by Christmas' or similar.
At 0.7030 I looked at buying AA miles on their latest offer. It works out at 2.5 cents a mile and we still have lots in our accounts.
AA Miles helped us exit London in a hurry in March.
I think we can wait as London and Los Angeles have not improved with COVID-19