Is it wise to emigrate in the current economic climate?
 

Hello

OH and I are having a heated discussion at the moment as to whether taking the plunge to emigrate later on this year is the right thing to do, taking into consideration the current credit crunch. We wouldn't have any jobs lined up for starters, so would it be a madness to even consider it?

I know it hasn't hit oz as bad as here - yet - but I'm sure it's only time...

Are there any people out there who are reconsidering moving out there and why?:eek:

Are there any people who are going ahead with it whatever and why?:thumbup:

Would love to hear from both sides of the fence!

thanks to you all
roobush

Re: Is it wise to emigrate in the current economic climate?
 

As you say nowhere will be immune to the global financial crisis that is going on at the moment.

I guess the decision to emigrate would have to be based on a number of factors and job availabilty / job security would be one of them. Hopefully people who are considering moving here have either been offered a position or have done significant research into the availability of jobs here in their chosen profession.

I know that in the area of Melbourne I live in there does not appear to have been a significant impact yet, houses are still being built, the real estate market is still moving and I only know of one person who has been made redundant recently.

I know a few who have been in Brisbane though :(

Wherever you are at the moment there is no security...... If Aus can offer you a better future than the UK it may be worth making the move.

Also the Govt will be keeping an eye on the job / migration situation and where supply outweighs demand I am sure they will take action accordingly.

Re: Is it wise to emigrate in the current economic climate?
 

Ho Roobush,

I know what you mean on this one.

We have been talking about this for the last couple of weeks and things are scary, especially when you can't see into the future !

Me and the hubby fly out this Saturday to Perth and are worried if we are honest, hubby has left a relatively secure job as have I, not knowing whats around the corner is damn scary.

We have done alot of research over the last 12 months but I still feel as though I'm in the dark, I suppose there is only so much you can read ! We have a few hopefulls for when we arrive, but things may change in the next few weeks, honestly, we don't know what we would do if things were to get any worse over here or in Oz.

After all that blabber, I guess what I'm trying to say is, we are going for it regardless, with every body part crossed and hoping for the best.

Donna.

Re: Is it wise to emigrate in the current economic climate?
 

Donna,

Good luck - hope your new life is all you dreamed of....

I am sure that you will both find work - things aren't as bad here as in the UK (I think I should put yet or touch wood or something).

Lau x

Re: Is it wise to emigrate in the current economic climate?
 

Hi

We're living in SA so can only speak for there. The financial news over here is predicting a rise in unemployment from 4% to 7.5%. With regards to property/land prices - it looks like they a just starting to stagnate a bit, newer things to the market seem a bit cheaper than things that have been out ther for a while (we live in the country - so it may be different out here).

With regards to jobs - this depends what industry you're working in but there is a downturn in the number of jobs being advertised when comparing this year to the same time last year.

We both left very secure jobs in sept last year and in hindsight I would still have come, my OH wouldn't - he's a plumber and getting a licence to work for yourself is hard.

We're definately worse off financially now - but I think our quality of life is much better.

Mrs PHH:)

Re: Is it wise to emigrate in the current economic climate?
 

yes it would be madness. there are nicer places to bankrupt oneself. actually emigrating from UK to australia would be madness regardless of economic climate. maybe from Zimbabwe might make sense.

Re: Is it wise to emigrate in the current economic climate?
 

We are currently like so many in the UK trying to sell our property in a market that has been 'dead' for the best part of a year and although eager to get over to Australia we are thinking that it is probably better to 'ride out' this recession here in Scotland rather than Australia mainly due to the number of contacts and clients that I have here (Joinery & Building Contractor).

Things have slowed down a bit as regards work although I still have contracts on my books and my phone is still ringing with enquiries, the point being that in familiar surroundings and with familiar faces it might be easier to get by and get through the tough times rather than be trying to establish yourself in another country in the middle of a global recession.

PS Should our house sell quicker than we think then we will be out of here and over to Australia in a flash!;)

Re: Is it wise to emigrate in the current economic climate?
 

i don't think i would do it if i didn't have a job to come over to, but i guess that would depend on how much money you have to take over with you to support yourselves until you find work

Re: Is it wise to emigrate in the current economic climate?
 

If you have a job I wouldn't leave it just know. If you don't consider the following things:

1. There is a job slow down in Oz, so are employers likely to favour Australian workers over immigrants like you?

2. If you don't get a job what do you have to fall back on in both countries?

I've heard Australians, New Zealanders and Canadians say that the credit crunch won't hit as bad in those countries. Are they right or is it wishful thinking? Too early to say yet in my opinion.

Re: Is it wise to emigrate in the current economic climate?
 

The effect of the financial crisis on the Aus economy is constantly being upgraded. Just a few months ago we were continually told that China would be our saviour and all would be well. Things have changed dramatically since then and seem to get worse on a daily basis.

That being said, I think Aus will fare better than the UK. But, as a prospective immigrant I think 'better the devil you know' applies. Or maybe that should be better the devil where you have access to the social security system or the support of family if you fall on hard times.

To come and be forced to go back is a very expensive & soul destroying proposition.

Re: Is it wise to emigrate in the current economic climate?
 

Thanks Lau, reassuring words :)

I think I might take my chances of riding this out in the sun rather than the hole they call England :thumbdown:

Donna.
x

Re: Is it wise to emigrate in the current economic climate?
 

Very good advice. Non judgemental and asking exactly the right questions that need hard, honest answers.

Again, a very valid point indeed and worth pondering on for sure.

Re: Is it wise to emigrate in the current economic climate?
 

We are still going with trepidation......

We had just exchanged contracts on our house, (very lucky we know) and my husband's work contract with one of the big 4 banks was terminated. (Not so lucky!) We have the choice of either moving within the Uk to try to find work or moving to Aus. Since the initial reason we applied was work drying up for my husband in the UK and it has taken us 2 years hard slog to get the visa and sell the house, it seems the best way to go.

We are in the lucky position to have considerable equity and an additional income from 2 other UK properties. However we are still very worried about the recession and job prospects.

Re: Is it wise to emigrate in the current economic climate?
 

Were in same dilema, in process of a 175, but did have a job offer in Brisbane in October,when we did a reccie, which would have got us there on a 475 it is now on hold (big engineering company), we were told there would be a job whenever we got over as there was at least 10years work ahead. Now 3 months later, all agents have gone quiet.
Our house still not sold, so we are looking at waiting now for the 175 and validating. (grim , I know but better safe than sorry)were siting it out see what happens over next 12 months which would be sensible, this forum is full of people struggling to get jobs, we intially thought Oh we shall just get a job when we get there, no chance now.
If you dont have kids to support, fine, but if you have how will you live 6 months out of work, no benefits or family to bail you out. And as for the renting out your home, Im a landlady, and trust me tenants dont give a **** that you are relying on their rent to pay your mortgage. We have friends in Brisbane, who,s rent didnt get paid for 4 months in uk, and the letting agent was powerless , you have to make sure you cover all eventualities .:)

Re: Is it wise to emigrate in the current economic climate?
 

We are in the same position, although we will be ping pongers - came back last year and just before xmas OH had loads of interviews etc, then all of a sudden employers pulled out :( (hes in contruction sub stations), seems to be loads advertised on web, but as usual all a load of rubbish jobs dont even exist:mad: We have some right runs in with recruitments agencies over that!!!:frown: