Dear bro,
It is no brainer solution. My BMW is <50% of my peanuts salary, with 3 yrs maintenance free and I can drive it forever.
Sg govt likes me to compete with Bangalas, China-nese or India-nese for cheap labour.. Who the hell agrees with that ! Siao ah ! I rather compete with the Angmos for quality work
Currently, lots of freebies in Sg are for the inferior cheap labourer (aka Foreigner Talents), NOT for the locals. Well, no problemo...
In Australia, PRs are considered skilled migrants with same benefits to the Australians. Life's Good ! hence, I rather be a 2nd class citizen (or the worst amongst the best) than in SG -so called 1st class local (best amongst the worst). GO figure it out !
A Leadership change is a must ! I shall leave it for your generation Z to change the world.. while I relax one corner enjoying my beer :-)
So what you're saying is that if you can put up with the inconvenience of starting afresh, the cost of settling in is far outweighed by quality of life in terms of car and house ownership, than slogging back home. ie. It doesn't take a 5 figure monthly salary to enjoy a good life.