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Tips for settling down in OZ

scroobal

Alfrescian
Loyal
So you have made it to OZ, what next?

Acquiring a Home
Couple of things to note in this respect.
1) Don't buy a home at a property fair or vendor in Singapore. The prices are higher. Their favourite trick is to tell you the prices are the same in OZ and challenge you to call OZ directly to confirm. The models that are sold in Singapore are not sold to OZ locals. So the guy answering the phone from OZ will give you the same price.

2) Always rent for 6mths to 1 year to get a feel of the place. Do the weekend house inspections, get ideas about buildings and decor. Find out about popular suburbs and get the demographics from web. Download the city plan. Read about pest, engineering inspections etc

3) Rule of thumb is to buy the worst house in the best street. Do not overcapitalise by building a large house in a bad suburb. Its is also a known traits of 3rd world ethnic/community based people.

4) Don't listen to friends and relatives alone. Its a human tendency to justify their original mistake by asking you to make same mistake without realising it. Nobody is going to tell you that he has made a mistake of buying in the wrong neighbourhood.

5) Never buy a house with one carport. Its the worst property to sell later. Never buy along a main road. Never buy along a golf course fringe - the flood lights will not allow you to sleep. Never buy if the house has been modified extensively (DIY) such a bedroom within a bedroom. Never buy a rural property at the start of the 7 year drought cycle. Look out for cracks if there are large trees within the house compound. Be cautious of buying a property that abuts a public accessway or footpath.

6) Auctions can be dicey. If you are really keen on the house, make an offer prior to auction.

7) When it comes to financing don't be a hero. Do your research. The usual local bank loan will do just fine. If anyone recomends multi-currency loan for house purchase (such as singapore denominated loan for its cheaper interest to buy a house in OZ), look around quickly for a big stick and wallop the guy.

8) Try not to buy new homes of the plan or land/house package as you are paying full premium. Better to build from land purchased separately or an existing home for sale.

9) Lastly, if anyone tells you not buy a house yet in OZ as there is a bubble, quickly look for another stick and wallop the guy.
 
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Asychee

Alfrescian
Loyal
Hi brother,

Dont mean to shoot you on this, just wanna to give you another perspective on acquiring real estate.
 

axe168

Alfrescian
Loyal
Comprehensive indeed.. Let me add a few words..

So you have made it to OZ, what next?

Acquiring a Home
Couple of things to note in this respect.
1) Don't buy a home at a property fair or vendor in Singapore. The prices are higher. Their favourite trick is to tell you the prices are the same in OZ and challenge you to call OZ directly to confirm. The models that are sold in Singapore are not sold to OZ locals. So the guy answering the phone from OZ will give you the same price.
There is a saying.. if properties are selling like hot cakes in Oz, who will wana take the efforts to fly to SG to advertise and sell it to sinkies ? It's a SCAM ! Only ignorant sinkies will fall into the trap.

2) Always rent for 6mths to 1 year to get a feel of the place. Do the weekend house inspections, get ideas about buildings and decor. Find out about popular suburbs and get the demographics from web. Download the city plan. Read about pest, engineering inspections etc
If one takes 6hrs to shop for a $50 skirt or shirt.. A simple equation, how many hours/days/weeks you need to shop for a $500k hse ?

3) Rule of thumb is to buy the worst house in the best street. Do not overcapitalise by building a large house in a bad suburb. Its is also a known traits of 3rd world ethnic/community based people.
Common sense will tell you one shldnt invest $800k into a area of $500k property. If your neighbour is worth 500k, you cant be worth 1 million, hence do what monkeys do..

4) Don't listen to friends and relatives alone. Its a human tendency to justify their original mistake by asking you to make same mistake without realising it. Nobody is going to tell you that he has made a mistake of buying in the wrong neighbourhood.
Well, if one has a choice I'm sure they'll live next to the President.. or 6th Ave besides GCT.

5) Never buy a house with one carport. Its the worst property to sell later. Never buy along a main road. Never buy along a golf course fringe - the flood lights will not allow you to sleep. Never buy if the house has been modified extensively (DIY) such a bedroom within a bedroom. Never buy a rural property at the start of the 7 year drought cycle. Look out for cracks if there are large trees within the house compound. Be cautious of buying a property that abuts a public accessway or footpath.
It depends on the location/State and land size.. In Melbourne - Kew along Burke Rd (busy road) a hse sold for $4mil.. land area : 1500m2 (rare site), so do you think it is bad ? The suburb is within reach from prestige schools, train and tram.. and finally, the leafy street/rd will blow you away... The above you mentioned may/may not be applicable.

6) Auctions can be dicey. If you are really keen on the house, make an offer prior to auction.
It may not be applicable to Melbourne. The properties are fucking HOT now.. most owners prefer to take it thru Auction.

7) When it comes to financing don't be a hero. Do your research. The usual local bank loan will do just fine. If anyone recomends multi-currency loan for house purchase (such as singapore denominated loan for its cheaper interest to buy a house in OZ), look around quickly for a big stick and wallop the guy.
This guy is great ! I have no complain.. esp the economy is returning back from a tailspin.

8) Try not to buy new homes of the plan or land/house package as you are paying full premium. Better to build from land purchased separately or an existing home for sale.
Agree.

9) Lastly, if anyone tells you not buy a house yet in OZ as there is a bubble, quickly look for another stick and wallop the guy.
Totally agree ! KNN I've fought battles from all corners trying to convince fellow mates, this is a good time but in vain... REIV results proven I'm right ! Yahhhooo !!!!

Bro good job !
 
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scroobal

Alfrescian
Loyal
First Few Months

This is the critical period for any families that are migrating. The initial euphoria will wear out as one realises that travelling as tourist to OZ is different to that of a migrant. Always think long term - 2 years should be set aside to land a job, get into the grove of being an australian. Here are some tips to handle the transition.

1) More qualified you are in terms of education, experience and higher the level of position last held, the longer it will take to get a job. One possibility is bring to family over while you carrying on working in Singapore or vice versa - you look for a job here while the family waits in singapore.

2) Bring substantial furnitiure from your Singapore home. They provide an emotional anchor as you are in the transitional phase. If everythings is new, your family might feel lost especially at night and during weekends as weeks go by. You can always throw away the furniture when you feels completely at home.

3) One of the spouse must be prepared to be extra strong and resilient to support the other.

4) Try and start forming friends and realtionships. Though not a fan of church groups, they seem to have done well bringing singaporeans together especially in terms of jobs and getting integrated. Everyone has flaws and idiosyncracies, so be accommodating and understanding. Culturally Aussies tend to be very private within their homes so expect invitations or don't be offended when they turn you donw. Start by waving or chatting over the fences.

5) School grounds are where most people strike up a relationship with other parents and this includes Aussies and other races. Go for coffee etc. Another is the weekened chinese classes. As the lessons are usually about 1 to 2 hrs, parents tend to stay back and gossip. Excellent place to share information.

6) Organise weekend trips and gathering to keep your mind busy and the family excited. There are million things to do and million places to do it at.

Schools

1) The key is to rent or buy in a good suburb. For primary education, state schools are fine and if it s good suburb, it will cover your needs. Don't throw good money sending to private schools during the primary years. Places are assured if you reside in that suburb. Enrollment can be done via internet from Singapore.

2) Secondary education is where you begin to invest in your kids future. Take it seriously. There are 3 main types of schools.

a) State schools which range from the vary best to the dumps. Every state has 2 to 3 marquee state schools that have delivered outstanding results. Do your home work and one must plan ahead to be alloted a place in such schools. The rest of the schools are generally poorly run and worse than singapore mission / sap schools

b) Catholic Private Schools - like the state schools the range is very wide. Unfortunately due to the catholic ethos, education is to accommodate everyone. Sorry to be blunt but don';t throw away good money, its not worth it except for 1 or 2 in the whole country. Usually your money is use to pay for the education of less well off student. The standards for 99% of these schools does not come close to Catholic schools in Singapore which are streets ahead. Furthermore, the school boards in some schools are dominated by Italian parents and the Italian wog flavour and bias is too strong.

c) The Elite Private schools. The fees are the indicator ranging from 12 to 25 k. Usually Anglican, they are the very best. There are 2 components. First is the academic part which are comparable to the top state school or even better and the 2nd component where the value of the fees kick in - the old boy or old girl network. Their value comes in when your kid commences work. We are talking about a worldwide network. At the end of the day, if your kid is hopeless, no amount of fees or schools can help. Do note that some elite school have a deliberate bias especially all girl schools where they are very much like finishing schools in UK and Switzerland where culture, arts, class and mannerism dominate with a well rounded education.The girls from these schools end up marrying the best and brightest boys across all the high end career band. Some boys elite schools tend to dominate in sports. Again do your homework.
 

kingat33

Alfrescian
Loyal
morning scroobal, agree with u on all points except point number 9. Seems to me you are another one of those property spruiker trying to talk up the property market. The property price in Oz is grossly overvalued and due for a major correction and it will happened with RBA kept on increasing interest rate and the gradual expiring of the extension of first home buyer grant. In the event of a double dip recession which will take place next year, it will accelarate the drop in prices as unemployment rate will increase. Unemployment rate in Oz is pretty bad as the actual figure does not reflect the true state of unemployment. My advice to singaporeans migrating to Oz is to wait for a major correction and u will get a good bargain by then. What is the point of coming to Oz and still be on mortgages? Cash will ultimately be king and very few aussie have much cash and that includes the govt.
 

axe168

Alfrescian
Loyal
Allow me to share..

If global crisis can't bring down the Australia property market, then what else will ? Do you think there will be another correction or property market crash ? I doubt. There are many factors influence the property market.. I have seen many China-nese came over with bags of gold & paid cash for a 1-2mil hse !! Do they care about interest rate ? No. There are also overseas borrowing pegged against USD/SGD or the like.. these ppl are not affected by interest rate in Australia. Ask simple question : How many Australians working overseas ? and how many obtained overseas borrowing ? This is one of the obvious reason why Australians went overseas.. and subsequently return for good..

Bottomline is the "Supply and Demand factor".. Is there enough supply ? or the demand is simply too great ? Both factor will cause rocket prices.. also minor influences such as influx of migrants, interest rate, jobs.. etc.

Cash is no longer King under the current circumstances.. Highly geared with strong holding of assets is King ! ie shares.. when economy picks up, the assets will grow hand-in-hand with the economy. Finally, the harvesting time is within reach.



morning scroobal, agree with u on all points except point number 9. Seems to me you are another one of those property spruiker trying to talk up the property market. The property price in Oz is grossly overvalued and due for a major correction and it will happened with RBA kept on increasing interest rate and the gradual expiring of the extension of first home buyer grant. In the event of a double dip recession which will take place next year, it will accelarate the drop in prices as unemployment rate will increase. Unemployment rate in Oz is pretty bad as the actual figure does not reflect the true state of unemployment. My advice to singaporeans migrating to Oz is to wait for a major correction and u will get a good bargain by then. What is the point of coming to Oz and still be on mortgages? Cash will ultimately be king and very few aussie have much cash and that includes the govt.
 
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kingat33

Alfrescian
Loyal
Allow me to share..

If global crisis can't bring down the Australia property market, then what else will ? Do you think there will be another correction or property market crash ? I doubt. There are many factors influence the property market.. I have seen many China-nese came over with bags of gold & paid cash for a 1-2mil hse !! Do they care about interest rate ? No. There are also overseas borrowing pegged against USD/SGD or the like.. these ppl are not affected by interest rate in Australia. Ask simple question : How many Australians working overseas ? and how many obtained overseas borrowing ? This is one of the obvious reason why Australians went overseas.. and subsequently return for good..

Bottomline is the "Supply and Demand factor".. Is there enough supply ? or the demand is simply too great ? Both factor will cause rocket prices.. also minor influences such as influx of migrants, interest rate, jobs.. etc.

Cash is no longer King under the current circumstances.. Highly geared with strong holding of assets is King ! ie shares.. when economy picks up, the assets will grow hand-in-hand with the economy. Finally, the harvesting time is within reach.


If Kevin Rudd wasn't panicking about the falling property prices, why did he implement the increase in the first home buyer grant and subsequently extend it beyond the initial deadline? And the example u gave only represent the small percentage of buyer and what about the majority of buyers? Property price cannot be sustain only by a few individual and be mentally prepared comes this january once the extension of first home buyer grant ends in addition to interest rate increased in addition to double dip recession in addition to increase in unemployment rate, u will see a major correction in property prices unless again, kevin starts to play tricks or steve keen would have won the bet on property price correction of 40% this year.
 

axe168

Alfrescian
Loyal
Interest rate can only be increased gradually without causing great stress to the home loan market. Can you imagine the catastrophic scenario if it is increased by 5% (on top of the current 3.5%).. everyone will be a bankrupt !! This will bring property prices down but can ppl afford to buy ?

Kevin Rudd strategy cannot please all parties.. He is interested in short term measures to resolve the affordability of 1st home buyers.. by giving away money during the interim will solve the on-going property prices? No. In short, Kevin Rudd fulfill (part) the 1st homer's dreams, inevitably this increases the demand for properties.

However, relaxation on town planning guidelines and pro-development will fulfill the appetite of property buyers.. Sadly we have heaps of ppl objecting to developments and Councils are highly inefficient in dealing with the approval. These lead to poor supply.

Non-home owners will cry-out-loud..(maybe Rudd govt will give money again ?) But the proud hse owners who's sitting by the side will continue to enjoy the prices grow..

Again the 'Supply and Demand' Factor..


If Kevin Rudd wasn't panicking about the falling property prices, why did he implement the increase in the first home buyer grant and subsequently extend it beyond the initial deadline? And the example u gave only represent the small percentage of buyer and what about the majority of buyers? Property price cannot be sustain only by a few individual and be mentally prepared comes this january once the extension of first home buyer grant ends in addition to interest rate increased in addition to double dip recession in addition to increase in unemployment rate, u will see a major correction in property prices unless again, kevin starts to play tricks or steve keen would have won the bet on property price correction of 40% this year.
 

Ash007

Alfrescian
Loyal
If Kevin Rudd wasn't panicking about the falling property prices, why did he implement the increase in the first home buyer grant and subsequently extend it beyond the initial deadline? And the example u gave only represent the small percentage of buyer and what about the majority of buyers? Property price cannot be sustain only by a few individual and be mentally prepared comes this january once the extension of first home buyer grant ends in addition to interest rate increased in addition to double dip recession in addition to increase in unemployment rate, u will see a major correction in property prices unless again, kevin starts to play tricks or steve keen would have won the bet on property price correction of 40% this year.

Are you suggesting property prices is due for a correction next year with the first home buyer grant removal and the rise in interest rate?
 

Satan

Alfrescian
Loyal
Are you suggesting property prices is due for a correction next year with the first home buyer grant removal and the rise in interest rate?

Does not necessarily have to be the rule of the law. It all depends on the kind of houses and the suburbs they are in. In good suburbs and suburbs with good schools, the houses will only go on appreciating in value regardless of the matket. Also, you've got to look at the price range. Earlier this year, the prices of houses in NSW that are >$1m were coming down whereas those in the $500k range were going up. That's because an average husband and wife working like a husband earning $60k a year and wife earning about $50k a year can very comfortably afford a house around $600k.
 

neddy

Alfrescian (Inf)
Asset
Are you suggesting property prices is due for a correction next year with the first home buyer grant removal and the rise in interest rate?

For the Perth market,
I think it is a matter of demand and supply, I do not see speculators distorting the market here.
Basically, the first home buyer market is sensitive to interest rates and free money (grants). There is minimal stamp duty.

There is a strong prediction that property prices will dip. Some first home buyers are hoping for this to happen so that they can get into the market.

I have been following the cycle of this group of similar houses as PAST evident of this occuring. In the years leading to the financial crisis, the price of a desirable 3bedroom 2bath went up $75k between 2004/5, $95k between 2005/6. At its peak, $450k. Then the GFC strike and my colleague try to sell at $450, there is zero offer. He reduced the price to $400k but still no offer. Everybody were scared off, thinking property prices will collapse like the UK and US. So, my colleague end up renting the house for $380 per week.

Then 2009 May, his neighbour advertised for $450k but sold for $410k, (she bought at $405k 2 years ago) Last month, this colleague put the property on the market again and in the 1st hour of home-open, sold the house for the new record of $475k!!! The same property that cannot be sold for $400k is grabbed at $475k.

Why?
- the extended first home owner grants is ending.
- there are more buyers than sellers
- low interest rates

Like what I mention earlier,
There are a group of people who will wait for this demand to be subsided before entering the property market.

This is the CORRECTION that these group of people are hoping for. It will come.

Why. The "upgrading" segment of the property market (those below $1mil) have been in correction mode. This is even so when these upgraders have sold their (first) properties at high prices. There is this thing call price substainability. The upgraders are usually family with kids and they cannot afford the mortgage.
 

neddy

Alfrescian (Inf)
Asset
ONE
One point to add is that church groups do help. There are some church branch offs from Singapore. Otherwise, so long as there are active asians in the church, you will gain a lot of knowledge. Again, be careful of information given to you - we do not want the blind to lead the blind.

TWO
One point I do not agree with, is bringing substantial furniture from Singapore. It really depends on the quality of furniture brought over. It costs money to bring a 40 footer container across and find storage for those furniture you cannot fit into your accomodation.

It is more fun going to Ikea. Shopping is a therapy and Ikea look and smell the same as Singapore's. If you need good furniture, Harvey Norman is the place to go.

I will think that small appliances are more suitable as emotional anchors. In fact, for asians, bringing over a rice cooker not only provide comfort food, but provide a central focal point. :biggrin:




First Few Months

This is the critical period for any families that are migrating. The initial euphoria will wear out as one realises that travelling as tourist to OZ is different to that of a migrant. Always think long term - 2 years should be set aside to land a job, get into the grove of being an australian. Here are some tips to handle the transition.

1) More qualified you are in terms of education, experience and higher the level of position last held, the longer it will take to get a job. One possibility is bring to family over while you carrying on working in Singapore or vice versa - you look for a job here while the family waits in singapore.

2) Bring substantial furnitiure from your Singapore home. They provide an emotional anchor as you are in the transitional phase. If everythings is new, your family might feel lost especially at night and during weekends as weeks go by. You can always throw away the furniture when you feels completely at home.

3) One of the spouse must be prepared to be extra strong and resilient to support the other.

4) Try and start forming friends and realtionships. Though not a fan of church groups, they seem to have done well bringing singaporeans together especially in terms of jobs and getting integrated. Everyone has flaws and idiosyncracies, so be accommodating and understanding. Culturally Aussies tend to be very private within their homes so expect invitations or don't be offended when they turn you donw. Start by waving or chatting over the fences.

5) School grounds are where most people strike up a relationship with other parents and this includes Aussies and other races. Go for coffee etc. Another is the weekened chinese classes. As the lessons are usually about 1 to 2 hrs, parents tend to stay back and gossip. Excellent place to share information.

6) Organise weekend trips and gathering to keep your mind busy and the family excited. There are million things to do and million places to do it at.
 

scroobal

Alfrescian
Loyal
If you are familiar with my posts over the years, you would know my themes and interest revolve around families, homes, settling down, and quality of life. I don't write about speculation and have little interest in it despite my forte in economics.

There is a big difference between a bubble and a market correction. Buying a home is so far removed from speculating in the share market. Anything that is financial always has spikes and dips and the correcting trends. I sense you might not be familiar with economics and financials from the way you write.

There is no bubble unlike the ones you see in singapore prices now which tend rise pheomenonly within a quarter or a year.

I will make it very clear:

1) People have been talking about OZ price bubble for the last 15 years. I have attached a highly alarming report about overvalued homes written in Dec 2005. http://www.theage.com.au/news/national/house-prices-world-highest/2005/11/30/1133311106610.html. I know a guy whose wife left him recently because this report stopped him buying a house and now they can't afford to buy anywhere near the locations that they desired while other migrants from his cohort have.

2) When you buy a house in which you live in, the spikes and dips have little material impact as it is long term proposition. Name me one country in the world (with exception of war torn states) that has house prices going south after 10 years.

3) Its does not mean when you buy a home, you have to be locked to that physical home until you die. You can sell it at anytime no matter what the economic climate is. It just means that when you sell high, you buy high for the next property and when you sell low in a bad climate, you also buy low. Its only an idiot that sells high and hoping to buy low delays pruchases and rents. That is in the realm of speculating, something you do not do for a family home.

4) Houses and land have a special economic characteric when it comes to prices, very unlike other investments and commodities. Its called the ratchet effect. It will not free fall unlike other investments. It will dip and it will stagnate but will eventually be ratchet up. Land is a limited commodity and there are more people coming on this land. In Singapore, the person who bought a family home in Serangoon Garden in 1975 for $12,000 is sitting on $2M and that is after 2 sizeable bubbles with no renovation done in between.

5) Notice that I don't talk about Apartments and units. These are the speculative end of the housing market with Melbourne being the worst. They are occuypying air. One has to be really careful as foreigners are allowed and like Singapore prone to speculating and price ramping.

I have no issues if you have alternative views or views that are diamaterically opposite but accusing me of spruiking is rather low. Believe me, if I see bubbles in the property market, I will be first to let people know as I realise that not many people can tell the difference between correction and a bubble. By the way, I don't see a correction in the housing market.

Structurally the OZ economy is sound and going to back to turbo mode because of the Chinese minerals consumption. It does not take a wizard to figure out why prices are climbing steadily and being a migrant you might have a clue.




morning scroobal, agree with u on all points except point number 9. Seems to me you are another one of those property spruiker trying to talk up the property market. The property price in Oz is grossly overvalued and due for a major correction and it will happened with RBA kept on increasing interest rate and the gradual expiring of the extension of first home buyer grant. In the event of a double dip recession which will take place next year, it will accelarate the drop in prices as unemployment rate will increase. Unemployment rate in Oz is pretty bad as the actual figure does not reflect the true state of unemployment. My advice to singaporeans migrating to Oz is to wait for a major correction and u will get a good bargain by then. What is the point of coming to Oz and still be on mortgages? Cash will ultimately be king and very few aussie have much cash and that includes the govt.
 

scroobal

Alfrescian
Loyal
Furniture as emotional link of a steady and realiable past in singapore is important for some. I think the ladies will understand this best when they are alone tending to the kids. I only realised the value when a lady told me that she cried every night until customs cleared her container. She stopped crying when she saw her furniture. For us guys, a couple of beers will fix us. Its the only thing that provides a physical link to an all new environment. As I noted in the title, for the "first few months". You can always chuck it away and go shopping later.

By the way, teak and rosewood should be brought over, much better than OZ price and quality wise.

Good point about rice cooker. Really small but iconic in family terms.

ONE
TWO
One point I do not agree with, is bringing substantial furniture from Singapore. It really depends on the quality of furniture brought over. It costs money to bring a 40 footer container across and find storage for those furniture you cannot fit into your accomodation.

It is more fun going to Ikea. Shopping is a therapy and Ikea look and smell the same as Singapore's. If you need good furniture, Harvey Norman is the place to go.

I will think that small appliances are more suitable as emotional anchors. In fact, for asians, bringing over a rice cooker not only provide comfort food, but provide a central focal point. :biggrin:
 
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axe168

Alfrescian
Loyal
Oh yes.. I sold my HDB in May 2007 and bought this crappy hse in May 2009.. Am I selling high and buying it low ? :wink: Refer to the property graph from URA & RP data - sorry no link.

3) Its does not mean when you buy a home, you have to be locked to that physical home until you die. You can sell it at anytime no matter what the economic climate is. It just means that when you sell high, you buy high for the next property and when you sell low in a bad climate, you also buy low. Its only an idiot that sells high and hoping to buy low delays pruchases and rents. That is in the realm of speculating, something you do not do for a family home.
 
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IWC2006

Alfrescian
Loyal
morning scroobal, agree with u on all points except point number 9. Seems to me you are another one of those property spruiker trying to talk up the property market. The property price in Oz is grossly overvalued and due for a major correction and it will happened with RBA kept on increasing interest rate and the gradual expiring of the extension of first home buyer grant. In the event of a double dip recession which will take place next year, it will accelarate the drop in prices as unemployment rate will increase. Unemployment rate in Oz is pretty bad as the actual figure does not reflect the true state of unemployment. My advice to singaporeans migrating to Oz is to wait for a major correction and u will get a good bargain by then. What is the point of coming to Oz and still be on mortgages? Cash will ultimately be king and very few aussie have much cash and that includes the govt.

Yes and No.

There will be a correction but don't know when. If u believe the property prics in Oz is seriously overvalued, I suggest to start with renting and consider buying later. There's good bargains out there but those houses are usually far away from city. Like you, I too felt that is not worthy (not just the prices, rising interest rates but also the expensive strata cost) to buy now. I always believe if u don't believe in something then don't follow what everyone else is doing.

As to delaying for a bargain before moving over, this is a very Sinkie mentality. There's no best time to migrate, the longer u delay, the journey becomes harder and harder, is difficult to time the market but the market won't wait for you (some people let their PR expires and regret later). However, investment in property is a good strategy to have a balanced financial planning else you just work to pay high tax to the gov.

Trust me, the gov has lots of money but you just don't know where the money goes to. The Aussies also have lots of money ( in terms of equity, not necessary the hard cash).
 
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