Sydney is very pricey & no public house,a SG just found out
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Originally posted by Melbournite:
Well i got my PR in 2002. Studied in Melbourne and staying there, never regretted it. I amnot a unpatriotic singaporean but at the time i got a job offer and many advised me to take it and not return to singapore. But in fact i did return to singapore for a year after accepting the job offer.
Btw i am an accountant. And right now accountants are a serious shortage in AUS. Salaries scales hitting above the roof..
so how high is the salary scale now for someone with 3 years experience? -
I read that Australia is a destination for many locals to migrate to or retire in despite the fact it has high tax. What are the rationale for doing so?
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Originally posted by will4:
I read that Australia is a destination for many locals to migrate to or retire in despite the fact it has high tax. What are the rationale for doing so?
Is it true that in Australia you cant hire a foreign maid like in Singapore, HK or Malaysia to take care of your parents?
Is it true that although Australians are given free public healthcare (paid by their income taxes), but most of working class still prefer to buy their own health insurance and go for private hospital?
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Originally posted by Melbournite:
Well i got my PR in 2002. Studied in Melbourne and staying there, never regretted it. I amnot a unpatriotic singaporean but at the time i got a job offer and many advised me to take it and not return to singapore. But in fact i did return to singapore for a year after accepting the job offer.
Btw i am an accountant. And right now accountants are a serious shortage in AUS. Salaries scales hitting above the roof..
I read that one local also finished studying in other country n came back to Spore to be employed n after six month decided to go back to US as she cannot get used
to life in here already. There is a book on Sporean diaspora.
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i am a regular at perth not sdyney though.
whoever moving to aust than realise what is getting into has only himself to blame.
if i were him, i would wait for the righ time to get into the property market.
if he want a cheaper house, should consider adelaide. it is on the verge of booming.
anyway, the average aussie earn about AUD1200/week. or AUD60k-80k/yr.
dont kao pei kap bo when moving there and start comparing to singapore. do your maths!
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you are going to end up a target for O o O.
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Originally posted by reyes:
i am a regular at perth not sdyney though.
whoever moving to aust than realise what is getting into has only himself to blame.
if i were him, i would wait for the righ time to get into the property market.
if he want a cheaper house, should consider adelaide. it is on the verge of booming.
anyway, the average aussie earn about AUD1200/week. or AUD60k-80k/yr.
dont kao pei kap bo when moving there and start comparing to singapore. do your maths!
Is that before or after tax?
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Originally posted by O o O:
Is that before or after tax?
you are the smartest in here.
shouldn't you know that already?
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Not so bad in Australia lah. Not only the young wish to migrate or emigrate. I believe a substantial number of the middle-age group wish to leave here for good as well.
Just switched job here a few months ago. Already know of two colleagues who intend to emigrate to Australia to retire - one to Perth, the other to Adelaide.
Both of them are already Australian PRs. They are still working in Singapore. They are planning to leave Singapore when they reach 50 or 55 years old. One of the spouses is already an Aussie citizen and living in Perth. Her children are also Aussie citizens..
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Originally posted by googoomuck:
Not so bad in Australia lah. Not only the young wish to migrate or emigrate. I believe a substantial number of the middle-age group wish to leave here for good as well.
Just switched job here a few months ago. Already know of two colleagues who intend to emigrate to Australia to retire - one to Perth, the other to Adelaide.
Both of them are already Australian PRs. They are still working in Singapore. They are planning to leave Singapore when they reach 50 or 55 years old. One of the spouses is already an Aussie citizen and living in Perth. Her children are also Aussie citizens..
The more older u are, the more expereinced in Australia..But the 2 persons u are referring to, ask them to be a bit careful cause if they they dont return to Australia for long, their PR status may be affected in a negative way. Cos last i heard there is some kind of policy in place that PRs need to stay in AUS for 3 years at least...Not too sure... But please read the DIAC website regularly...There are always changes in their policies quote often
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Originally posted by O o O:
so how high is the salary scale now for someone with 3 years experience?u can check www.seek.com.au
btw, i think u can now try applying to PR already...or wait another 2 years... but if u apply now, yr application will be stored in the database for 2 years max till u that perfect spot.
anyway, i cant give u concrete advise, pls approach a good migration agent so that they can help u see the picture more clearly.
Gd luck
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for those interested, i think there may be better chances for students now who are currently studying in AUS cos in my area, there is sudden high inflow of international students in one of the tertiary institutions. This signals something positive i guess...
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Originally posted by O o O:
Is it true that in Australia you cant hire a foreign maid like in Singapore, HK or Malaysia to take care of your parents?
Is it true that although Australians are given free public healthcare (paid by their income taxes), but most of working class still prefer to buy their own health insurance and go for private hospital?
I think yes, because firstly what is the maid going to apply for skilled occupation visa? there is no "Maid" job title in the skilled occupation list. 2ndly in AUS, they are called PCA, personal care assistant and that needs an Australian certificate in PCA to gain employment. . Almost every job here needs a some kind formal training or course to gain employment. seriously uneduated maids from 3rd world countries dont stand a chance
There is an immense precoccupation about workplace safety, laws , education and training here in AUS.
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Originally posted by Melbournite:
I think yes, because firstly what is the maid going to apply for skilled occupation visa? there is no "Maid" job title in the skilled occupation list. 2ndly in AUS, they are called PCA, personal care assistant and that needs an Australian certificate in PCA to gain employment. . Almost every job here needs a some kind formal training or course to gain employment. seriously uneduated maids from 3rd world countries dont stand a chance
There is an immense precoccupation about workplace safety, laws , education and training here in AUS.
M, what do you think of the article below? cause for concern? i don't mean to open a pandora box for lionnoisy to start his nonsense again, but it is an interesting perspective.
i actually find this interesting and to my favor, becos i am gonna likely do something OoO detest, i.e. time the market to make my purchase when i am down there.
what say you?
Kenneth Davidson
July 31, 2008
A recession is the biggest threat to Australia 's real estate market.
ARE house prices going to crash in Australia as has occurred in the US ? Based on West Sydney University economics professor Steve Keen's regular Debtwatch newsletter, the answer is probably yes.
The Housing Industry Association explains how a projected 10% fall in the nation's property prices will affect you.
The doubling in real terms in house prices in the past decade is a bubble waiting to burst. According to Keen, the bubble is based on speculation financed by debt. Keen claims it is effectively a "Ponzi scheme" where dividends are paid out of new rounds of capital injected into the scheme instead of the non-existent profits. The scheme collapses when there are no new investors to pay the dividends.
In the case of real estate speculation, according to Keen, "the only way the individual speculator profits from real estate speculation (and sharemarket speculation) is either by selling to somebody with a higher income or by selling to another individual with a similar income, who takes on sufficient debt to buy the property at a price that exceeds the speculator's price plus accumulated net losses from debt serving".
The banks and the Government are the witting, or unwitting, financiers for this massive Ponzi scheme. The banks are directly or indirectly responsible for most of the lending for housing. The Government offers an inflation multiplier through the tax system through negative gearing, which allows investors to write off the interest expense against all income instead of just rental income, and pay only half the capital gains tax when the house is sold for a profit. These concessions cost tax revenue some $2 billion a year. It is a notorious form of middle-class welfare that is never on block in discussions about the need to curb Government spending. And yet, by directly adding to the inflation in house prices, the tax concessions reduce the supply of affordable housing and shuts an increasing proportion of the middle-class out of home ownership.
The banks have contributed to the Ponzi by lowering lending standards. It is an iron law of financing: apart from meaningless advertising, the only way banks can compete for customers is by lowering lending standards. It was the reason why, after financial deregulation in 1983, the banks quickly ran up some $20 billion in "non-performing" loans — they were able to borrow unlimited amounts from overseas to onlend to customers. This led to the closure of two state banks, rising debt, massive asset price inflation and then treasurer Paul Keating's "recession Australia had to have".
Within two decades, the lesson was forgotten. Driven by the "carriage trade", where Australian banks could borrow cheap on the capital markets of Asia and the US to lend dear to their customers in Australia, foreign debt nows exceeds $600 billion, or more than half annual GDP, and domestic debt is about $1.7 trillion or 65% of GDP.
As Keen has noted, while an individual can escape from an excessive debt by selling property for a profit, the nation as a whole can't.
It is possible to imagine the Australian housing market going into meltdown, but probably not in the magnitude of the US , more because of the different culture within which the two financial systems operate rather than superior risk management within the Australian system.
The "subprime" meltdown in the US was a consequence, rather than a cause, of the collapse in house prices.
The US is a far more stratified society than Australia and this is reflected in a lack of standards and planning in outer suburban developments, apart from stratified and gated communities for the middle-class and the rich.
About 11 to 12 million houses throughout the US are empty and about 20% of people live in streets where houses are simply boarded up.
The loans that financed these homes were allocated by agents who didn't care that their clients were NINJAs (no income, no job, no assets), or the housing was in jobless ghettos without public transport, because the loans were bundled and on-sold.
Fortunately, we have no single-industry cities like Detroit , no urban ghettos on the scale of many US cities and a more egalitarian distribution of income and social infrastructure. But we are following the US down. House prices are falling in the outer suburbs of Sydney and Melbourne because of substandard public transport.
Thankfully, we have resisted the recommendations of right-wing think tanks such as the IPA to deregulate urban planning and cut development taxes to boost the supply of affordable housing.
The biggest immediate threat to Australian house prices is recession leading to rising unemployment and a slump in immigration.
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wait for the bubble to burst. ot stay onrental in aus , buy a home in singapore ...
If all these trends worry u , then do the above.. there will always be trends ..5 years ago, someone predicted a trend housing price will rise, and so it did... 5 years from now that will repeat itself...
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if u re interested, there is a home in Narre Warren , Melbourne going to 290 K ..with a glass house feel..
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http://se.mercer.com/costoflivingpr
According to the list above - Singapore is more expensive than Sydney. This guy who wrote this article is just plain ignorant.
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Originally posted by Melbournite:
http://se.mercer.com/costoflivingpr
According to the list above - Singapore is more expensive than Sydney. This guy who wrote this article is just plain ignorant.
a close fren of mine in sydney told me property prices have already fall 10-15% in the last 18 months or so.
regardless, coming from singapore where we are `immuned' to high housing price, property prices in sydney is actually pretty ok if you were to buy similar property.
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Originally posted by Melbournite:
if u re interested, there is a home in Narre Warren , Melbourne going to 290 K ..with a glass house feel..
this place is too far from the city center... -
In terms of transport by trains, they have monthly fare card which is significantly lower than daily fare charges.
SMRT wants to fleece more from the commuters, that's why they don't implement cost saving measures to help commuters.
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Why would someone migrates without doing research and preparations?
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Originally posted by redDUST:
this place is too far from the city center...If for retirees, should be ok???
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Originally posted by eagle:
If for retirees, should be ok???
yeah, but me not retiring.....full of life and got lives to support.
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Originally posted by maurizio13:
In terms of transport by trains, they have monthly fare card which is significantly lower than daily fare charges.
SMRT wants to fleece more from the commuters, that's why they don't implement cost saving measures to help commuters.
Are Australian public transport service subsidised by the australian government?
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Originally posted by whiskers:
Are Australian public transport service subsidised by the australian government?
I have no idea.I think even Hong Kong has a similar monthly pass fare card to help reduce cost for commuters.