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Global financial crisis!! Will it impact immigrants ?

View Poll Results: Will global economic recession impact the settling of immigrants in Oz ?
Yes
86.67%
No
8.33%
Do not Know
5.00%
Voters: 60. You may not vote on this poll

Global financial crisis!! Will it impact immigrants ?

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Old Oct 24th 2008, 5:04 pm
  #1  
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Exclamation Global financial crisis!! Will it impact immigrants ?

Hi Friends

Do you foresee that global financial crisis / economic recession will have any impact on settling of immigrants in Oz ?

Thanks in advance
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Old Oct 24th 2008, 10:13 pm
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Default Re: Global financial crisis!! Will it impact immigrants ?

Cant believe some voted no??
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Old Oct 25th 2008, 12:27 am
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Default Re: Global financial crisis!! Will it impact immigrants ?

Before the crash £100,000 was worth about $210,000 it is now worth about $250,000

So it will be better for UK migrants with cash in hand.

The higher price range of houses may stabalise or even drop, whilst the lower end are expected to rise slightly. This will impact different migrants in different ways.

Unemployment has been rising since the beginning of the year, and is expected to rise even faster now.
Those without experience will find it harder to find work, as most employers are expected to concentrate on quality employees again, rather than just whoever they can get.

Maybe those who answered no, do not expect it to impact on 'them', as there are undoubtable some people who will not be affected, in any significant way, by these things.
 
Old Oct 25th 2008, 5:49 am
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Default Re: Global financial crisis!! Will it impact immigrants ?

Unless your have to accept less for your house in the UK.
Originally Posted by ABCDiamond
Before the crash £100,000 was worth about $210,000 it is now worth about $250,000
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Old Oct 25th 2008, 5:51 am
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Default Re: Global financial crisis!! Will it impact immigrants ?

Originally Posted by themerlin
Unless your have to accept less for your house in the UK.
Assuming you can sell your house in the UK full stop.

K Rudd's going to pull up the drawbridge.
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Old Oct 25th 2008, 7:35 am
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Default Re: Global financial crisis!! Will it impact immigrants ?

Originally Posted by spartacus
Assuming you can sell your house in the UK full stop.

K Rudd's going to pull up the drawbridge.
And if some of the predictions turn out to be true you can't blame him. Political (and social) suicide to keep immigration running at high levels while unemployment heads north towards 10%
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Old Oct 25th 2008, 8:29 am
  #7  
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Default Re: Global financial crisis!! Will it impact immigrants ?

http://money.cnn.com/news/newsfeeds/...9_FORTUNE5.htm

GE Motor Finance going out of business in Oz. 300+ jobs gone
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Old Oct 25th 2008, 9:24 am
  #8  
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Default Re: Global financial crisis!! Will it impact immigrants ?

Aus immigration comes in 2 forms:

1/ Labour

2/ Skills

One of these will be impacted more than the other IMO.
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Old Oct 25th 2008, 4:57 pm
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Default Re: Global financial crisis!! Will it impact immigrants ?

A relevant article:

http://www.theage.com.au/national/ca...1025-58oc.html


Call for a 25% cut in migration

* Josh Gordon
* October 26, 2008

AUSTRALIA'S migration intake must be immediately slashed by one quarter to help cope with the global financial crisis and relieve pressure on cities and the environment, says the Federal Opposition.
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Old Oct 26th 2008, 12:22 am
  #10  
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Default Re: Global financial crisis!! Will it impact immigrants ?

Originally Posted by Devlin
Read that one this morning myself.

Was definitely on the cards IMO

Thats the advantage of a country like Australia. If you have an unemployemtn problem, close the door to immigrants for a year of so till things get better again.
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Old Oct 26th 2008, 12:27 am
  #11  
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Default Re: Global financial crisis!! Will it impact immigrants ?

Effectively what it will mean is that unless you are in a Health Profession (nurse, doctor etc...)where there is a global shortage the door will be closed.
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