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The future of Australian property prices

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SirRumpole said:
Yes, people do want to come here to take advantage of our welfare system.

So poor people are coming here when we need people like Musk instead.

So what are we going to do to attract entrepreneurs ? The brain drain has been from Australia to the US and bringing in relatively uneducated people who are a drain on resources is not going to fix that.
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I don’t think that is true at all, I think the vast majority of immigrants end up have productive Working lives, every where I look I see hard working immigrants.

I actually think they are less likely to be on welfare than the average Aussie, my Dad has been in Australia since 1980 and wasn’t on welfare a day in his life, he retired in 2020 self funded not on the pension.

Just yesterday I had two immigrants from New Zealand plastering a house I am renovating, I bought sushi today from a new sushi opened by a lady I can tell is an immigrant, a bed and breakfast I stayed at on the week end had a Mouri bloke from Hawkes bay NZ working around the property, as I said I see immigrants working everywhere.
 
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Value Collector said:
I don’t think that is true at all, I think the vast majority of immigrants end up have productive Working lives, every where I look I see hard working immigrants.
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Do you think your sample is statistically valid ?

This may give a better statement of the facts.

Unemployment rate​

While the overall unemployment rate was higher for recent migrants and temporary residents than for people born in Australia (5.9% vs 4.7%), it varied across the different migrant groups:
  • 3.3% for migrants with Australian citizenship
  • 4.8% for temporary residents
  • 9.2% for migrants on a permanent visa (Table 2 and Graph 1)
Female recent migrants and temporary residents had a higher unemployment rate than males (8.3% vs 3.9%). (Table 3)
 
SirRumpole said:
Do you think your sample is statistically valid ?

This may give a better statement of the facts.

Unemployment rate​

While the overall unemployment rate was higher for recent migrants and temporary residents than for people born in Australia (5.9% vs 4.7%), it varied across the different migrant groups:
  • 3.3% for migrants with Australian citizenship
  • 4.8% for temporary residents
  • 9.2% for migrants on a permanent visa (Table 2 and Graph 1)
Female recent migrants and temporary residents had a higher unemployment rate than males (8.3% vs 3.9%). (Table 3)
Click to expand...
Does the “recent migrant” number include refugees and other humanitarian reasons for migration, because it’s understandable that the number could be inflated by that group who rightly take more time to adjust.

However the discussion is about skilled migrants.

Also, if we bring in a surgeon that ends up paying $100k a year in tax, that would more than off set a family off refugees that cost $50k a year for 3 years while they adjust.

From the link

Key messages
The literature review found that while there may be short-term costs as refugees are resettled and adjust to their new surroundings, after successful integration they make permanent cultural, social and economic contributions.
• Humanitarian entrants are often entrepreneurial as they establish themselves in a new environment – in the year 2000, five of Australia’s eight billionaires were people whose families had originally come to the country as refugees.
• Their impact has been positive in regional and rural Australia through providing labour and stimulating economic growth and service delivery.
• Available sources point to above average rates of success in education and employment for children of Humanitarian entrants.
• Informal volunteering plays an important role in building social capital, and volunteers from ethnic communities provide the greater part of their services to benefit society as a whole rather than their own ethnic group.

Click to expand...
 
Value Collector said:
However the discussion is about skilled migrants.
Click to expand...

I have no objection to skilled migrants where they are needed and it's proved that their qualifications are equivalent to our standards.

Unskilled migrants I'm not so sure about. OK to import some for fruit picking etc, but out of season they should go home.
 
wayneL said:
3/It creates a brain drain from their own countries and inhibits the development of a "good life" there. It is stealing the benefits of their education system.
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And to add to 3, extra migrant create a braindrain as native skilled move out.France a case in point with nowadays a massive outflow of 5y+ uni kids while massive influx of illiterate migrants.
The frog would not be here had France started its immigration suicide in the 1980.
VC might object as i did not exactly favour his ethics, but i brought massive wealth here, no education health cost, massive taxes and all jobs i had were bringing USD back in australia.
Gor that to work, you need to attract the right people: good life and that means vontrolled migration,low crime, good education and housing, reward for effort aka low taxes otherwise why bother.the attitude of the gov preventing migrants to travel OUT has created unprecedented damage to the image of Australia in expats and really skilled migrants.i would not recommend anyone of any value migrate here anymore.
But for loosers, it is a land of bounties with a very naive attitude that can be leveraged to the max in welfare, racism cries and colour skin plays
 
Value Collector said:
Hang on! Isn’t the Qldfrog an immigrant himself???

Maybe we should hear from him about why he shouldn’t have been allowed in hahahaha
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I'm an immigrant too, as is my wife.

I think you must have missed the numerous times above where the point was made that immigration in itself is not a bad thing.

Debate is not productive when you intentionally miss the point, bro.
 
SirRumpole said:
I have no objection to skilled migrants where they are needed and it's proved that their qualifications are equivalent to our standards.

Unskilled migrants I'm not so sure about. OK to import some for fruit picking etc, but out of season they should go home.
Click to expand...
Unskilled migrants make up the smaller part of the total number, and are limited to

1, Humanitarian reason eg refugees
2, Family of citizens
3, Investors
 
SirRumpole said:
Well, number 2 is a problem.

It seems an open ended scheme to me. They should have to stand on their own merits, not be let in because they have family here.
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as I said it still makes up a smaller part of the total, only 60,000 entries per year and is subject to limitations, and long processes, preferences is given to Partners, Dependent children and dependent parents, other non dependent family members can apply under the family sponsored program such as siblings, aunts and uncles etc, but they may have to show that they have a skill and can only apply for permanent status after 5 years, in the meantime the family have to sponsor them.

My neighbors were a husband and wife that were both dentists from Hong Kong, they worked here for about 7 years before they had a baby, when the baby was born they applied to bring the husbands mother over from china to help care for the baby while they worked as dentists, I see nothing wrong with that.

I am only learning about all this stuff today, but I am actually surprised about all the rules and regs and how thorough the program seems to be.

Family Sponsorship

Bring your family to Australia. Australian citizens, permanent residents and eligible New Zealanders may sponsor family members to join them Australia.
www.immigrationdirect.com.au
 
Macquack said:
Does that mean your father retired after you retired?

That is an example of the lucky country, right there!
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Yep, my mum beat me by a year though.

My dad was semi retired for a few years before he stopped completely though, he had reduced his work load down to part just working for his two favourite clients.
 
The last thing you need in a downturn, your council finding reasons not to buy. :eek:

www.smh.com.au

Sydney home owners fear premium hikes, hit to property values after shock flood rating

Thousands of residents were blindsided by an official notification from their council warning their properties were at risk of flooding.
www.smh.com.au www.smh.com.au

Thousands of eastern Sydney home owners fear higher insurance premiums and lower property values after they were blindsided by a formal notification that their properties are at increased risk of flooding.

The backlash to a flood study conducted chiefly by Waverley Council will have implications for councils throughout NSW, who have primary responsibility for managing floodplain development under the state’s flood-prone land policy.
 

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