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Thread: Kiwis leaving the shaky isles ...

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    Default Kiwis leaving the shaky isles ...

    Record Exodus to Australia Risks N.Z. Labor Shortage
    By Tracy Withers - Feb 3, 2012 6:47 AM GMT+0800 .


    Record N.Z. Worker Exodus to Australia Risks Labor Shortage Mark Coote/Bloomberg
    The city and surrounding districts have been rocked by more than 10,000 temblors in the past 16 months.

    The city and surrounding districts have been rocked by more than 10,000 temblors in the past 16 months. Photographer: Mark Coote/Bloomberg

    An unprecedented outflow of New Zealand citizens last year for jobs and better pay in Australia is leaving the nation’s earthquake-hobbled economy vulnerable to a labor shortage during rebuilding.

    An all-time high of 45,863 citizens permanently relocated to the country across the Tasman Sea in the year ended Dec. 31, Statistics New Zealand said in a report released today in Wellington. The number who opted to return was the lowest in three years.

    The flight of laborers suggests the nation may face a skills shortfall when it needs workers for an estimated five years of reconstruction in the South Island city of Christchurch after a series of quakes since September 2010. Central bank Governor Alan Bollard, who is monitoring rebuilding to assess when to raise interest rates, last week said the exodus means companies need to fight to find and retain staff.

    “The real issues that this repair and the city rebuild are going to suffer is inflation around labor and retention of people,” David Peterson, general manager of Fletcher Earthquake Recovery in Christchurch, said this week.

    The company, a unit of Fletcher Building Ltd. (FBU), New Zealand’s largest construction company, is managing about 3,500 workers in a project to repair at least 100,000 homes over the next four years. Peterson said in an interview Jan. 30 he will need twice as many workers within two years and is already recruiting in the U.K. and Ireland.

    $1,418 a Week
    Money is the main lure to Australia, where the unemployment rate of 5.2 percent compares with New Zealand’s 6.6 percent. The average weekly wage in New Zealand of NZ$1,013 ($843) is 40 percent less than Australia’s A$1,323 ($1,417).

    Another reason for the departures is the ground around Christchurch won’t stop shaking.

    The city and surrounding districts have been rocked by more than 10,000 temblors in the past 16 months, including a quake Feb. 22 that killed 181 people and closed the central business district. As many as 1,000 city buildings and more than 6,500 homes are being demolished, while at least 130,000 homes need repairs.

    Permanent departures overseas from Christchurch rose to 7,167 from Feb. 23 to Dec. 31, compared with 4,769 in the year- earlier period, according to government figures.

    Departures to Australia will increase in the next year because of “the lagged effects of recent strength in the Australian labor market,” New Zealand’s Labor Department said in a report yesterday.

    Election Issue
    The department’s report follows criticism of Prime Minister John Key during last year’s election campaign for failing to stem immigration to Australia as he had pledged in 2008.

    Still, departures to Australia are forecast to ease in 2012 as employment prospects in New Zealand improve, the department said. Departures are about 1 percent of the population, compared with 1.2 percent in 1988 and higher ratios in the late 1970s, it noted.

    Bollard last week said economic growth may be slower this year than he previously forecast because the rebuild is taking longer to start. He expects reconstruction “in earnest” from 2013 rather than the second half of 2012, he told a business audience on Jan. 27.

    Rates on Hold
    As a result, the central bank is “not uncomfortable” with expectations that the official cash rate will stay at a record- low 2.5 percent through this year, Bollard said after his speech. There is a 32 percent chance of a rate cut by June, according to swaps prices from Westpac Banking Corp. (WBC)

    Net immigration to all nations by New Zealand citizens rose to 36,454 last year, the most since 2008, according to government figures.

    “We do lose a lot of skilled people,” Bollard told reporters on Jan. 27. “It’s getting worse, not getting better and it’s a challenge we share with a whole lot of other countries.”

    Construction workers are mobile and local companies “have to fight to keep staff,” he said, adding that businesses will tap South Africa, Ireland and other nations that have construction workers to spare.
    “Skills like that are portable,” Bollard said. Local firms “will definitely access people and they’ll be able to get them into New Zealand much easier than in the past.”



    Work Visas
    New Zealand accepted 9,400 people for residence in the three months ended Sept. 30, according to Labor Department figures. The total includes about 4,370 approved as skilled migrants who have job offers. An additional 37,400 were accepted on temporary work visas, it said.

    A three-hour flight from the nearest developed economy, New Zealand has endured prior periods of fleeing migrants. During the early 1980s, another period when Australia was a population destination, then-Prime Minister Robert Muldoon quipped: “New Zealanders who emigrate to Australia raise the IQ of both countries.”

    New Zealand’s economy will grow less than 3 percent this year, Bollard said last week. Australia’s gross domestic product may expand 3.25 percent in 2012, according to Bank of America Corp.’s Merrill Lynch division.

    “There’s no real reason to stay in New Zealand if prospects are better elsewhere,” said Annette Beacher, head of Asia-Pacific research at TD Securities Inc. in Singapore. “If you are out of a job waiting for Christchurch to be rebuilt, you could go broke waiting.”

    To contact the reporter on this story: Tracy Withers in Wellington at [email protected]

    To contact the editor responsible for this story: Stephanie Phang at [email protected]
    Last edited by neddy; 03-02-2012 at 04:39 AM.
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    Default Re: Kiwis leaving the shaky isles ...

    Yes, a lot of kiwis here even before the Christchurch earthquakes. I hear Wellington is pretty safe though.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Ash007 View Post
    Yes, a lot of kiwis here even before the Christchurch earthquakes. I hear Wellington is pretty safe though.
    Wellington has both tsumani and earthquake risks. The city had been flatten before, only the wooden buildings survived, all brick buildings collapsed.
    It had 3 major earthquakes before, according to a trusted report.


    Tsumani risk is easier to manage.

    If I am moving there, I will want to get a liquefaction map
    http://www.gw.govt.nz/assets/Emergen...wellington.pdf


    Another consideration: Building insurance cost. Don't get a shock!


    http://www.3news.co.nz/Quake-rattles...8/Default.aspx
    http://www.stuff.co.nz/dominion-post...-in-Wellington
    Last edited by neddy; 03-02-2012 at 07:03 AM.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Ash007 View Post
    Yes, a lot of kiwis here even before the Christchurch earthquakes. I hear Wellington is pretty safe though.
    There's a fault line that runs right through Wellington!!! Where did you hear that from?


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    Default Re: Kiwis leaving the shaky isles ...


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    Default Re: Kiwis leaving the shaky isles ...

    From kiwis here?
    Quote Originally Posted by Leongsam View Post
    There's a fault line that runs right through Wellington!!! Where did you hear that from?

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    Default Re: Kiwis leaving the shaky isles ...

    NZ is not called the shaky isles for nothing.

    From a Kiwi source, the fault line runs the length of the country.

    Nothing compares to TOKYO.

    Built exactly at the triple intersection of three major tectonic plates — the North American plate, the Philippine plate, and the Pacific plate — Tokyo is constantly on the move. Its long history and familiarity with earthquakes has pushed the city to develop maximum levels of tectonic protection.

    My other favourite cities like Istanbul, San Francisco, Seattle and LA are built on faultlines.
    Last edited by neddy; 04-02-2012 at 08:50 AM.

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    Default Re: Kiwis leaving the shaky isles ...

    no worries to the kiwis,the china people will still flock into your country in groves

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    Default Re: Kiwis leaving the shaky isles ...

    Test


    Test



    Quote Originally Posted by peanuts100k View Post
    no worries to the kiwis,the china people will still flock into your country in groves

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    Default Re: Kiwis leaving the shaky isles ...

    Great time to move to kiwi country.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by chupacabra View Post
    Great time to move to kiwi country.
    My Auckland plan back on track

    Just waiting for the shakened South Island migration north to subsides. Auckland property price on the high side now.

    Perth getting too dry for my lungs.



    Staying away from material rich - lifestyle poor tragic who blow up with "colourful abuses" when cornered.
    Last edited by neddy; 21-04-2012 at 03:34 PM.

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    Default Re: Kiwis leaving the shaky isles ...

    a lot of migrants are quitting Oz as well, esp the britons...

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by IWC2006 View Post
    a lot of migrants are quitting Oz as well, esp the britons...
    Just got my ITA from Immi NZ. Hooray NZ.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Tuapehkong View Post
    Just got my ITA from Immi NZ. Hooray NZ.
    Congrats.

    The earthquakes are all over the place, may i know which part of NZ are you heading to? How long did it take for NZ IMMI Dept to process your application?

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Raphael85 View Post
    Congrats.

    The earthquakes are all over the place, may i know which part of NZ are you heading to? How long did it take for NZ IMMI Dept to process your application?
    It is rare to feel the ground shake in Auckland. It sits upon volcanic rock.


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    Default Re: Kiwis leaving the shaky isles ...

    My mistake, I should have been more clearer. What i actually meant was the presence of earthquakes happening over the globe.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Raphael85 View Post
    Congrats.

    The earthquakes are all over the place, may i know which part of NZ are you heading to? How long did it take for NZ IMMI Dept to process your application?
    I am heading for Auckland.
    Dun worry about earthquake...if you have to die, dun think you can stop that.
    2 weeks to get ITA. 4 months to submit the docs but I think I can do it in 1 month.

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    Default Re: Kiwis leaving the shaky isles ...

    Do it b4 15 May, or there's a change in application criteria.
    Run Road While You Can

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Tuapehkong View Post
    I am heading for Auckland.
    Dun worry about earthquake...if you have to die, dun think you can stop that.
    2 weeks to get ITA. 4 months to submit the docs but I think I can do it in 1 month.
    Ah, Auckland. That's a good choice.

    Seriously speaking, if a natural calamity is bound to happen anytime soon, i doubt it's simply nothing to deter the most determined individuals bent on emigrating to their destinations. It's not really a major concern for me because obtaining NZ/CA PR is the essential part.

    BTW, i hoped you don't mind me reading thru your posts as i prefer to find out more about an individual if they really know their stuff. (:

    So, in your case, why would you choose NZ over CA? Perhaps it may help to shed some light on my present dilemma if there were points that i might have missed out while researching pros/cons in both countries and making the best decision out of it. Thanks.

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    Default Re: Kiwis leaving the shaky isles ...

    Quote Originally Posted by Raphael85 View Post
    Ah, Auckland. That's a good choice.
    Why do you think Auckland is a good choice?


    Screw the CPF! Beat Ho Ching's returns by converting your SGD to ARS and earn 27.18% interest immediately
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