DESPERATION HITS NEW LEVEL !Firstly the Facts: They are freely...

  1. 249 Posts.
    DESPERATION HITS NEW LEVEL !

    Firstly the Facts: They are freely available (DYOR).
    BTW, UT don't bother wasting your key strokes in reply.

    - Migrants coming to Australia barely make ends meet.
    - Chinese RMB / $HK dropped 35% vs AUD since last year.
    - With silly artificial price rises of 2009, most can't even buy even without the currency depreciation.
    - East Asian (China, HK, Taiwan, Korea) migrants (coming to Australia these days are typically not that well-to-do. Those with the means can make plenty more money back home with much lower taxes.
    - SE asians (Filipino, Indonesian, Thai, Vietnamese) in far smaller intake numbers are in fact relatively "poor".
    - Disillusioned UK migrants (in droves) are returning to motherland due to unaffordable housing and rent.
    - Most migrants from India and China have difficulties finding suitable employment due to language barrier and discrimination.
    - About 30% of Indian migrants with IT credentials cannot find work (hence Taxi drivers and supermarkets).
    - Chinese fare worse than just about every ethnic group in even getting an interview simply of their names.

    http://www.news.com.au/money/property/wealthy-migrants-pricing-locals-out-of-sydney-property-market/story-e6frfmd0-1225820461473

    "...Research (Residex) by The Sunday Telegraph has revealed for the first time how skilled immigrants - predominantly from Britain, India and China - are forcing house prices to some of the highest levels in the world when compared with average incomes.''"

 
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