TOUGH TIMES IN AUSTRALIA

tune09 · February 2014

With a growing number of companies closing down, frequent laying-off of workers and increasing Australians looking for jobs, we are indeed facing hard times.
Here in WA, the state is about to dissolve a lot of city councils. In my place, City of Canning, they will abolish this council and will be integrated with Gosnells, closing more than five city centers with hundred of people losing their jobs.

Kahit anu man ang mangyari, ang mga Filipino ay mananatiling matibay at matatag. Life will go on. Life must go on.

wizz · February 2014

Scary lalo na sa mga WA bound. I don't know how to feel about this. pero sabi mo nga life will go on. oh well.

Bigfoot · February 2014

Yep, a lot of job cuts and companies closing down here in VIC. Tough times ahead but we shall overcome. Keep the faith, there are always opportunities even in seemingly dire situations!

JCsantos · February 2014

Thanks to our Current Government who is not doing anything at all , we are seeing this massive Job losses .. First was Holden ... Then Toyota, Alcoa and now Qantas ... just the first 2 companies mention alone it will sum up to 50,000 direct and in-direct job losses

ShayShey · March 2014

@JCsantos , with the current situation in oz.. would you still recommend to pursue our oz dream? :-/

lorieonline · March 2014

It's a huge risk talaga after paying thousands of dollars for visa costs then we will face with hard time looking for jobs,competing sa recently lay off aussie workers. Ma tiyaga naman ang pinoy, Hindi papayag umuwi agad at balik pinas to attain the australian passport. Sa oz bound pinoys, be prepared to accept casuals jobs to gain local experience and to pay your bills.

tune09 · March 2014

medical and healthcare jobs are always available but competition remains high. may nakakausap ako na mga kababayan nating mga nurses na student visa at nag bridging program na ang problem ay ang paghahanap ng magsponsor sa kanila to have the working visa, yung iba ay umuwi muna talaga sa atin because of the restrictions of the student visa. just keep on going, aim for the PR visa kasi pwedeng lumabas pasok sa bansang ito kahit kailan within the specified period of valdiity ng PR visa.

JCsantos · March 2014

@JCsantos , with the current situation in oz.. would you still recommend to pursue our oz dream? :-/

Yes, mas madali pa rin dito kesa sa atin

fbclemente · March 2014

Hey Guys and Girls! Im looking for a part time job. Im here in Melbourne. Can anyone help me or recommend me? thanks! God bless!

ShayShey · March 2014

@JCsantos , salamat! Mejo nag worry lang ako with the recent lay off sa oz.. Go na talaga to...

rooroo · March 2014

I think not all industry naman ay affected. Nangyare na din naman yan before sa Singapore but still life must go on.

pmzinoz · March 2014

how is the housing market? mataas ba price ng mga house now or mababa? is it best time to buy now?

kookie420 · March 2014

house prices are still at a crazy level. and projected to go higher in most cities. di na ata bababa yan. although im still hoping the bubble bursts in the next few years.

kremitz · March 2014

Saang state mababa pa orice ng house pati cost of living? We are thinking sa sydney mag stay pero dun ata pinakamahal eh. Cheaper ba melbourne or brisbane?it kc c hubby kya dun sa 3 states ata mas madame opportunity

JCsantos · March 2014

how is the housing market? mataas ba price ng mga house now or mababa? is it best time to buy now?

best time is when you have at least 10% downpayment,

JCsantos · March 2014

house prices are still at a crazy level. and projected to go higher in most cities. di na ata bababa yan. although im still hoping the bubble bursts in the next few years.

I dont agree that there would be a bubble burst, sa dami ng mga nagrerent kesa sa bumibili there would not be atime na mag oover supply ng bahay

example na lang nung nagrerent kami imagine 50 people taking a look at one rental property ganyan kahirap maghanap ng marerentahan

kookie420 · March 2014

thats what they said in the US before the GFC happened. "real estate is a sure investment".

imagine what would happen if the economy tanked and all these people who bought during the peak aren't able to service their very large mortgages. or maybe a liquidity crunch or even a large increase in interest rates by the rba. lately the banks have been relaxing their lending criteria, so the situation reminds me of the us before the gfc.

i read somewhere that half of the home buyers in syd are investors buying a 2nd, 3rd, 4th property for rental. i doubt these guys would keep these properties if they're underwater. they already have a primary home, they might just want to get out with some of their money intact.

Although i do agree, the situation is a bit different here. due to land and other restrictions, home construction has not kept up with the population kaya malaki tlaga demand.

like i said, im hoping, but i believe that the chance of this bubble bursting is not very high at this point.

Allysond · March 2014

I'm flying to perth this end of march as a dependent to mu husband's visa,..shaky pa tlga ung economy nila, dame ngshutdown n company,..its a gamble tlga on our part since 457 visa p lang c hubby,...sana maging ok na ang lahat.

Allysond · March 2014

I'm flying to perth this end of march as a dependent to my husband's visa,..shaky pa tlga ung economy nila, dame ngshutdown n company,..its a gamble tlga on our part since 457 visa p lang c hubby,...sana maging ok na ang lahat.

JCsantos · March 2014

thats what they said in the US before the GFC happened. "real estate is a sure investment".

this article is some sort of a proof

http://www.smh.com.au/business/the-economy/generation-rent-battles-to-get-in-the-game-20131012-2vf43.html

unlike in US we still have a good banking regulation here

stolich18 · March 2014

regarding real estate, according to my officemate who has been here for 10 years, dependent daw ang Australian economy sa China, since maraming Chinese property buyers, and they keep on driving the property values much higher, especially pag naka-auction yung bahay. Kapag daw bumaba ung prices ng bahay dito, mas lalo daw dadami ung investors na gustong bumili ng property. hehee not sure how true is that.

Pero I recall from some Pinoy friends na around 2007-2008, maraming nagbenta ng bahay nila sa Melbourne, as well as dito rin sa Sydney. That time, ung mga property daw sa Rouse Hill area, around 450K lang, and does not require any downpayment pa. check nyo ngayon how much na ang mga bahay don, at least 700K-800K pataas. Ang rule daw is every 7 years, property prices double. Maybe not true for all suburbs but a good example is The Ponds.

although general trend naman tlga na tumataas ang property, may time lang din na nagpplateau but still in the long run, tataas pa rin. Pag tumaas ung interest rate, the market will correct itself ulit. Yun nga lang pag nangyari yun, not sure if all can still afford to pay off their mortgage repayments dahil biglang taas ng babayaran nila. Nakakatakot din ang malaking commitment. hehehe