RioMarina

Hi 

Great to hear of your successful move. Could I ask how you managed to obtain flights. I have registered with Defat but have not heard anything. My visa expires in November and i am at my wits end trying to secure flights. .Good luck and  I would very much appreciate any shared experience of getting flights.   Rio

Hi All

I was gratefully awarded a 1Year RRV last November and presently based in the UK. I have tried to return to OZ, but have been unable to secure flights  due to Covid restrictions and my visa expiry date (Nov21) is quickly getting closer. Is there any other persons in the same situation with any solution to this problem or any agents that could help me either return or have experience of getting an extension. I have now been out of OZ for more than 5 years now, so I am worried that I would not be allowed to apply for a new RRV. Many Thanks Rio.

I know you should not look back but reading posts from people in the past makes you realise that no one has a clue about the future so why try to predict it! or maybe this previous thread did have a bit of hindsight!!!!

http://www.pomsinoz.com/forum/money-finance/147645-australian-economy-collapse-30.html

Must be a pain in the ass to be a first time home owner. Sure interest rates are lower, but that may only be for the first few years depending on the economy. In the meantime most will need a huge mortgage on a possibly overrated house price. If the market crashes and houses lose value up to 30% or even more, you may have lost your entire deposit and more. On the other hand, people have been talking about a propery bubble for many years, but it hasn't happened.

 

So what should first time home buyers do? Wait? Buy?

This maybe the answer to your question!

http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&cad=rja&uact=8&ved=0CCQQqQIwAA&url=http%3A%2F%2Fwww.smh.com.au%2Fbusiness%2Fthe-economy%2Faustralian-economy-sliding-down-the-precipice-says-jp-morgan-20150216-13fwon.html&ei=NfHhVLiUCsWvU8TBgeAF&usg=AFQjCNGb23-2rJ4pD4S2P1edFxTxgT94Xg&bvm=bv.85970519,d.d24

We are only two months away from it being three years since you first called the imminent collapse of Australia's economy...

Yes, If you are making me look back, not a bad prediction. If only our wiser men and ladies had vision and conviction, this could of been maybe different. Peachy Ald lad, you can't argue I was pretty accurate after what was said by the treasury. I didnt know at the time for sure, but the signs were there for all to see.

Shame you feel as though I was negative rather than just being factual and opening a discussion to help others coming over know what was in store. That's what I thought this forum was for. Get over it Ald lad and look to the future to see whats in store. Stop looking backwards.

Ps I was only commenting on a previous post but again get attacked from yourself. You make people want to quit this forum forever. I hope all that come over benefit and add to the strengths of Australia. They also need to know what the economy is like.

see ya Ald lad

Dunnit want to make you spit??!!

 

Could have bought land at Avalon Drive, Mandurah in 1963 for £250 :cry:

 

Alan Bond bought 2 side by side in Perth, about the same time; that's how he started off...

 

Cheers, Bobj.

Or in a more accurate context the beginning of the end!:wink:

At least petrol is becoming cheap.

Cheaper, not cheap!

Nah, she'll be right mate.

Fairplay, but luck it runs out after a while.

Well done and congratulations, but then again, given time, everybody's predictions will be right!

Cheers, from your answer I'm deriving that you agree that the economy in which we now live is knackered?

He has'nt had to wait that long unfortunately!

 

http://www.theaustralian.com.au/national-affairs/worst-slump-in-20-years-hits-jobs/story-fn59niix-1226839936921

Looks like I was right. Prediction was a bit early but the Australian economy is knackered. Shame, It could of all been different.

Worrying

http://www.theaustralian.com.au/business/jobs-to-go-in-minings-new-phase/story-e6frg8zx-1226974318684

Tp put it in perspective. Australian debt as a % of GDP is 27%. UK is 96%, Germany is 84% and the USA is 83%. Greece is 153% and Ireland is 129%.

Don Argus warns of debt, bubble bombs

• by:Adam Creighton

• From:The Australian

• May 24, 201412:00AM

RISING debt risks undermining living standards at the same time that stockmarket bubbles pose a threat to savings, one of Australia’s most eminent businessmen has warned.

Don Argus, former chairman of corporate giants BHP and Brambles, said Australia’s economic growth would suffer if Australia’s total debt, now 220 per cent of GDP, climbed much further.

Just sayin!

I take it the glass is half empty for you then.

 

According to http://www.rba.gov.au/, the rate of inflation is 2.9%. If that's "through the roof", you need to get the building inspector round.

 

But as for living in a bubble, I think there is some truth in that. Not an economic housing bubble, set to go pop. I mean an insular perspective. Petals wrote:

"Aus will always survive because the peoople who came to live here, pioneers and convicts were tough and their descendants are tough and resilient people."

That may have been true 50 years ago, but the latest generation have gotten very used to sitting back and letting the state/system provide for them. Sure, not all of them lie on the couch all day, but there's a widespread notion that all you have to do is get the education, go to uni (or learn a trade) and that a career will be handed on a plate. That an inner city flat is within everyone's reach. That the "quarter acre block" dream is the way it should be for everyone. And you can see the resentment every day on forums. Either it's the fault of the 457's, or the Chinese buying houses.

 

It's not going to all come crashing down, but there will be a change in society over the next decade or so. We've gone from a nation "all in it together" to a nation of "boundless growth". The next stage will probably not be quite so positive.

:wink: You lot crack me up.

Australian inflation has been fairly stable and consistant for the last 10 years WTF are you talking about?

 

And just to add inflation has consistantly been below the average wage increase.

 

I'm sure if anyone cares to read your post history all you are bothered about (hoping for) is a reccession/bursting of the Oz bubble :wink:

:wink:

We are moving to Aus but are concerned about rising prices food housing etc we lived in Ireland when it collapsed.Would hate to move to Aus and go through it all again . There is also currently a recruitment freeze on government jobs in WA is this normal ?.I find it hard to comprehend how prices and wages can just keep on rising. Will this have an effect on the mining industry exporting Etc

Theres nothing more sure that Australia is in a bubble. Inflation has gone through the roof over the past years and has been left to be uncontrolled. The dollar is too high, house prices too high and wages too high. Its a global competition and when you look at costs to produce anything or sell anything in Australia they dwarf every country. Totally uncompetative globally and for sure something will give, It already has. Anyones guess for the timing but its stacked to the downside. Recession coming again soon.:wink:

So OH home on R&R so took a little walk to the beach , it was ever so crowded

Quite ironic. We call it doggy beach! because its got that much dog crap on it.

He has'nt had to wait that long unfortunately!

http://www.theaustralian.com.au/national-affairs/worst-slump-in-20-years-hits-jobs/story-fn59niix-1226839936921

You'll have to wait for a while yet mate.

:no:Hi, I was just looking for some advice regarding Australian qualification recognition for Early Childhood Teachers.

 

I am currently qualified in nvq lvl 2&3 childcare. However I'm hoping to become an early childhood teacher.

 

I have two course options, BA Hons Early Childhood Education leading to QTS (3 year course)

 

Or alternatively, BA Hons Early Childhood Studies (3 years) and a PGCE Early Childhood Education together totalling 4 years study.

 

I am not the main visa applicant and will be newly qualified at the time of the move.

 

Any advice on my best option for recognition as an Early Childhood Teacher in Australia?

 

We are currently considering Adelaide and Perth.

 

Thanks in advance x

Hi from what I understand you must do the 4 year option, of three years degree with Hons followed by 1 year PGCE and must be through a university not a school based training option. You then get your qualifications assessed by the teaching board of the state you are going to reside/work in. I hope that helps.

Is it ethical to seek PP/citizenhip if you have no thoughts of living here? Seems a bit dodgy to me.

Wonder how many of us would return if you had to hand in your british passport and you were only allowed one citizenship.

Surprised anyone even invites you!!!!

Steady on Ald Lass.

I think if you shifted you life savings at 1.4 you are entitled to a moan.

I know what you mean mate. I can just sense it at the next party we have. "what rate did you get when you came over. We got 2.6, well we got 1.4, we got 1.9". Anyone who took the step at 1.4 must be gutted. These are life changing decisions and you need to make sure you get the best from the exchange rate. The only concern now is house price inflation again. Mind you who can afford a house in Oz now even coming over at 1.9. Think I'll give the next party a miss!

Nearly two years since you first started the Doomsaying, jusy sayin. http://www.pomsinoz.com/forum/money-finance/147645-australian-economy-collapse.html

This isn't even sport. Too Easy!

The exchange rate has no bearing on wages, when we migrated to Australia, the exchange rate was 2.6 - whilst I saw it drop to 1.5 it made no difference whatsoever - my salary stayed the same and what it paid for stayed the same (well my salary went up a bit as did the cost of living but unrelated to the exchange rate)

 

Conventional wisdom says that your Australian salary needs to be 2.2 x your UK salary to have a similar lifestyle.

 

Of course the exchange rate does impact the capital you can bring over which will impact your start-up lifestyle and the kind of deposit you may have for a house down the line. You don't have to bring everything over at once though.

If you read the text it states comparable wages OZ to UK. Forgive me but the only direct product at that particular time when comparing wages is the exchange rate.

With the pound souring and the dollar plumetting wage comparisons don't seem so favourable. Well done to anyone who went back to the UK at 1.4. Wise people!

Hi

 

I have a tough decision to make and I am hoping I can get some input from people that have been through this. We got our visa at the end of November and we are planning to move to Australia around May-July 2014.

We had a plan of renting out our condo in Houston and then sell when it appreciates ( we bought in 2006, shortly afterwards the market crashed, now we might have a chance to get about the same amount of what we paid for it). I`ve recently been in touch with property management agent and a realtor and it looks like it makes more sense to sell.

 

pros as I see it:

 

1) we won`t be tied to a property on the other side of the world, dependent on the fact that our property manager is doing a good job

 

2) we will have some spare cash after everything is paid off - not much but still something

 

3) we aren`t planning to come back to Houston in the future so not a home that we would want to come back to later

 

4) our HOA fees just went up again, now 400 $ a month

 

5) we would still need to invest about 7-8000 $ a year ( not covered by the amount of rent) for HOA payment, property management fees and if anything broke and needed repair, the rent would basically only cover the mortgage

 

 

cons:

1) I expect that the condo will appreciate ( but it was expected last year already, so far it stays the same). We could wait and see but at this point we are ready to move and don`t really want to hang around to see "if" the price might go up.

 

2) We are in our mid 30`s and it doesn`t feel very good at all not to have a property, we will be renting in Australia for at least a year. We have some savings but it just feels insecure

 

3) If we rent it out and sell it after more than 2 years, there would be a significant capital gain tax we would be required to pay ( we are exempt if we lived in the property for 3 in the past 5 years)

 

 

I don`t know, in a nutshell, I am worried that paying up to 80000 a year is way too much if the appreciation is uncertain. On the other side, it was our first home that we owned - for both of us - so I guess the value we see in it is rather sentimental.

Any opinions are welcome and appreciated.

As far as I see it this is not an investment just bad debt. I would sell, pay off my debts and move on. My only concern would be entering an Oz market that is probably 4 times as expensive as Houston.