In fact it may reverse if there is a lack of jobs. Some of those poms who came may be homesick and the move in exchange rate may make going home a very tasty option.
We know many cashed up poms who are returning.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
I seem to remember that something like 40% of all Poms go back within 5 years. I can't be arsed to look for the numbers, but it is something like that. It is purely for emotional reasons (family, British pubs, Fish and Chips). The thing is though, that of the ones who don't go back, a good percentage of them use economic reasoning to stay in Perth. If however, on balance, the economic argument falls in favour of returning to the UK, they will go back. At the moment, a house in Perth is more expensive than a house in most parts of Britain (apart from London). This is a first in the entire history of UK to Australia migration. It was always the case that Perth property was cheap (very cheap) by UK standards so coming to WA was a bit of a no brainer. POMs come here to swap a mortgaged 3 bed terrace in Birmingham for a fully paid for 4x2 near the beach in Butler. They are not going to come here to be worse off than where they were in the UK.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I seem to remember that something like 40% of all Poms go back within 5 years. I can't be arsed to look for the numbers, but it is something like that. It is purely for emotional reasons (family, British pubs, Fish and Chips). The thing is though, that of the ones who don't go back, a good percentage of them use economic reasoning to stay in Perth. If however, on balance, the economic argument falls in favour of returning to the UK, they will go back. At the moment, a house in Perth is more expensive than a house in most parts of Britain (apart from London). This is a first in the entire history of UK to Australia migration. It was always the case that Perth property was cheap (very cheap) by UK standards so coming to WA was a bit of a no brainer. POMs come here to swap a mortgaged 3 bed terrace in Birmingham for a fully paid for 4x2 near the beach in Butler. They are not going to come here to be worse off than where they were in the UK.
Anyone who has spent any amount of time in Perth knows the cashed up prisoners of mother england are always coming in droves.
Returning to the UK. My wife had a drinks session with the mother's of my youngest child's class. Half the parents had been to oz over the last ten years to live and work, but they have all cashed up now. They made a pretty penny, which they are now using to by houses in the UK.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
I did six months on one job and earned about 3 years money (no shit).
Oh deary me!!
What an odd statement for a man who claims to be a shareholder of his company to make.
Most (all) people like that are paid a salary, not by the hour with living allowances.
Oh deary me!!
Jimbo
2 Aug 2014, 03:33 PM
I am 100% certain though that prices will drop in the short term.
Oh deary me!!
They rose in the short term from this post. You were 100% wrong. Oh deary me.
Jimbo
2 Aug 2014, 11:02 PM
There is a lot of dumb money in the Perth property market. I know one couple, hubby is FIFO concrete layer and wife works in Woolies. Three kids in private school, two $60k plus 4wds, fishing boat, couple of jet skis and 5 investment properties in the same suburb they live in. The cars are financed as is the boat (got good finance deals apparently).
From my own perspective, I am doing some work on a Gorgon contract at the moment and I finish up around December. Up until about two months ago I was being spammed by recruitment agencies advising me of vacancies but that has ground to a halt.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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