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New Zealand bans foreign buyers


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HOLA441
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HOLA442
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HOLA443
On 19/02/2018 at 7:18 PM, MARTINX9 said:

I don't see this happening in the UK - because there are too many vested interests in the London prime market to stop it. Who on earth would otherwise buy those £750,000 new build flats in Elephant and Castle. Harlesden and Bow?  Only overseas investors that have never visited the areas.

A lovely thought though!

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HOLA444
1 hour ago, TonyJ said:

There is a political campaign for a CANZUK free movement zone, meaning citizens of those counties would be free to live in each. Personally, I like the idea, and I have made some small donations to support it. 

https://en.wikipedia.org/wiki/CANZUK_International

http://www.canzukinternational.com/

 

That would be a disaster for AU/NZ. They would be flooded with people trying to escape the Islamic States of Europe.

Eventually all the social problems in the UK would be imported to AU/NZ.

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HOLA445
2 hours ago, TonyJ said:

There is a political campaign for a CANZUK free movement zone, meaning citizens of those counties would be free to live in each. Personally, I like the idea, and I have made some small donations to support it. 

https://en.wikipedia.org/wiki/CANZUK_International

http://www.canzukinternational.com/

 

Interesting. New to me. It certainly has potential.

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HOLA446
On 14/03/2018 at 10:38 AM, TonyJ said:

There is a political campaign for a CANZUK free movement zone, meaning citizens of those counties would be free to live in each. Personally, I like the idea, and I have made some small donations to support it. 

https://en.wikipedia.org/wiki/CANZUK_International

http://www.canzukinternational.com/

I like the idea but the Antipodeans have no need of it.

I have lots of friends (doctors) who've worked in Australia.  The good ones stay over there and all the mediocre ones come back.  I was offered three jobs in Australia but I'm stuck in the sinking ship for health reasons.

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HOLA447
14 hours ago, Will! said:

I like the idea but the Antipodeans have no need of it.

I have lots of friends (doctors) who've worked in Australia.  The good ones stay over there and all the mediocre ones come back.  I was offered three jobs in Australia but I'm stuck in the sinking ship for health reasons.

Why do you think the mediocre ones come back?  Hospital, GP, specialists, surgeons.  Just curious. I'm not medical but might shed some light on my area (IT).

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HOLA448
On 3/14/2018 at 12:54 PM, dropbear said:

That would be a disaster for AU/NZ. They would be flooded with people trying to escape the Islamic States of Europe.

Eventually all the social problems in the UK would be imported to AU/NZ.

Possibility. But they could limit the availability to those born in a commonwealth country and with citizenship. That way the dregs of the EE and immigrants to UK from everywhere else wouldnt be legilible to move. 

However i would expect vast swaths of the UK to abandon the 'Sinking Ship' for sunnier climes. Depends if AU/NZ/CD want to attract native brits or not. 

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HOLA449
8 minutes ago, NorthamptonBear said:

Why do you think the mediocre ones come back?  Hospital, GP, specialists, surgeons.  Just curious. I'm not medical but might shed some light on my area (IT).

For junior doctors (below Consultant/Staff Specialist or below GP) there are two type of job, training (promotable) and non-training (non-promotable) jobs.  In Aus/NZ non-training jobs are easy to get, but the mediocre doctors then fail to get training jobs and so come back.  (I was offered three training jobs.)

For senior doctors (Consultant/Staff Specialist or GP) the British mediocre ones often can't get jobs in popular hospitals or areas (such as Brisbane or Sydney) and so end up rusticated.  The ones who don't like this come back, with lots of complaining about the 'closed shop'.

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HOLA4410
5 minutes ago, TonyJ said:

The main political drive seems to be coming from Canada, Australia and New Zealand, rather than the UK, so they seem to want the opportunity to live in the UK, just as we would like the opportunity to live in their countries. 

Possibly.

I've worked with a couple of Canadians who were only here to put the word 'Cambridge' on their CVs.

I've worked with quite a few Aussies and Kiwis who made no secret that they were going to go home and tell all their colleagues that the NHS is not worth working in.

Edited by Will!
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HOLA4411
8 minutes ago, TonyJ said:

I am talking about all the millions and millions and millions of people who are not doctors. The campaign is based over there, and it is their politicians who are mainly pushing it.

Are those millions and millions of potential migrants all skilled workers who would contribute to their host countries GDP per capita?

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HOLA4412
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HOLA4413

Good luck. It would resemble the NZ/Aus free  movement arrangement. Limited recourse to public funds, no pension, not available to people carrying a conviction. 

There are stories of guys who spent 20 years in Australia having to return to NZ without access to a state pension. 

 

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HOLA4414

No, no, no, No, NO!

The masses are supposed to roll over and let the Offshore Class own everything.

How come the NZ government has fallen out of line?  It's supposed to be crushing its own people's futures, like every other major government has been happily doing.

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HOLA4415
9 hours ago, Will! said:

For junior doctors (below Consultant/Staff Specialist or below GP) there are two type of job, training (promotable) and non-training (non-promotable) jobs.  In Aus/NZ non-training jobs are easy to get, but the mediocre doctors then fail to get training jobs and so come back.  (I was offered three training jobs.)

For senior doctors (Consultant/Staff Specialist or GP) the British mediocre ones often can't get jobs in popular hospitals or areas (such as Brisbane or Sydney) and so end up rusticated.  The ones who don't like this come back, with lots of complaining about the 'closed shop'.

Ok thanks.

Trying to relate it my field probably means best end up in big cities earning well and spending a lot on accommodation.

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HOLA4417
14 hours ago, TonyJ said:

The main political drive seems to be coming from Canada, Australia and New Zealand, rather than the UK, so they seem to want the opportunity to live in the UK, just as we would like the opportunity to live in their countries. 

CANZUK commissioned a poll on attitudes to freedom of movement between the four nations.

80 per cent of Kiwis polled, 75 per cent of Canadians and 72 per cent of Aussies supported the idea but only 56 per cent of Brits. The people with most to gain - on the tiny crowded island with more residents than the other 3 combined - wanted it least!

Given there is already FOM between Australia and New Zealand I presume the attraction for two of the three was the right to settle and work in the UK?

We of course effectively had all this prior to joining the Common Market - and then we abandoned it to get the right to move to Romania and Slovakia!

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HOLA4418

I live in Canada, and I don't know of a single Canadian who wants to leave and live in the UK. I know loads who want to spend half the year in Mexico.

My wife is a kiwi, and we go there most years...don't know a single one who wants to live in the UK.

Know millions desperate to leave the UK

Having said that, I'm done with Canada...boring bunch of tossers...planning on returning to the UK for stint, before heading down under for my retirement.

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HOLA4419
5 minutes ago, HovelinHove said:

I live in Canada, and I don't know of a single Canadian who wants to leave and live in the UK. I know loads who want to spend half the year in Mexico.

My wife is a kiwi, and we go there most years...don't know a single one who wants to live in the UK.

Know millions desperate to leave the UK

Having said that, I'm done with Canada...boring bunch of tossers...planning on returning to the UK for stint, before heading down under for my retirement.

 

I was merely quoting the poll. I agree few Canadians will want to leave Canada to live and work or retire in the UK or indeed NZ or Australia - but they might of course say they would like to have the right to when asked. 

 

http://www.canzukinternational.com/2016/03/poll-indicates-strong-support-for-free.html

Edited by MARTINX9
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HOLA4420
14 hours ago, Will! said:

For junior doctors (below Consultant/Staff Specialist or below GP) there are two type of job, training (promotable) and non-training (non-promotable) jobs.  In Aus/NZ non-training jobs are easy to get, but the mediocre doctors then fail to get training jobs and so come back.  (I was offered three training jobs.)

For senior doctors (Consultant/Staff Specialist or GP) the British mediocre ones often can't get jobs in popular hospitals or areas (such as Brisbane or Sydney) and so end up rusticated.  The ones who don't like this come back, with lots of complaining about the 'closed shop'.

I moved to new Zealand 2 years ago, with my ex partner who got us in as she was a consultant psychiatrist in the uk. 

We moved to auckland, because it was the only big city in can, aus, nz in which she could get a job, instead of going out to the sticks to work in a small community (where I wouldn't be able to get work in my normal line) 

A lot of people go out and do their time in some backwater town and then start applying for jobs in the desirable cities. Once they are resident in the country and show a couple of years in the backwater, they can apply to move. Actually I think it's only 6 months in the job as a visa requirement, but moving after 6 months wouldn't be a good look! 

From our experience, it's not about whether the applicant quality when applying from overseas wanting a good location, it's purely based on what states and cities have currently defined themselves as 'an area of need' for those skills offered. If it's not currently defined as an area of need (and 2 years ago, the only major city in any of these countries looking for psychiatrists was auckland), there are no jobs overseas docs can apply for - no matter how good you are. It's the visa process, not the job application which is the barrier. So, you get into the country, serve your time, then organise a move (and in that case I guess the only good docs will end up getting the desirable job locations) 

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HOLA4421

Just anecdotally from here in Auckland, I took a 5 minute drive home from a cafe yesterday, on the Eastern beaches in the desirable waterside and inner city suburb mission Bay yesterday... In a few minutes in the car, I saw signs for 9 open homes. I've not noticed those kindnof numbers before there definitely seems to be at least twice as much in the market now as a year ago in the richer areas

These places are a rich suburb, where $1.2 million is cheap, and a lot of fairly average houses go for $2million plus. It left me wondering where the supply of buyers trading up to these places is going to come from?  Salaries here are low. A household income of $150k (~£75k) puts you just into the top 10% of earners, and 200k put you at top 5%. Interest rates on mortgages are still around 4%-4.5% on a 2 year fix as well

I've been to a few auctions, and the market for well located character apartments that boomers would trade down into is still hot. A 2 bedroom 110sqm apartment right next to the domain (main park, 20min walk to cbd) just auctioned for $1.75million. One of the bedrooms had no windows to the outside, it went into an internal air duct. But the place was gorgeous otherwise and on the best street for apartments in town Imo. 

There's a lot of activity and competition for the very limited number of genuine nice character apartments that boomers are trading down into, but the rest of the market in the central areas is dead. First time buyers don't seem to be able to afford to get in unless they buy 20km out of town (1 hour plus commute during rush hour),  and as I say there are very few sales to people trading up into the best located family homes now. It feels like prime central London a-la 2014... Those boomers who manage to sell out and trade down at current prices are lottery winners. 

From what I can tell having done the sums, there's really little financial reason to buy at these prices. Rent on my house is $860 a week, so $44k a year. The interest on the mortgage would be more than that if you bought at current prices with a 20 or 25% deposit. 

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HOLA4422
3 hours ago, Foreverblowingbubbles said:

From what I can tell having done the sums, there's really little financial reason to buy at these prices. Rent on my house is $860 a week, so $44k a year. The interest on the mortgage would be more than that if you bought at current prices with a 20 or 25% deposit. 

How do the renting laws compare to the UK such as secutity and length of tenancy?

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HOLA4423
4 hours ago, Foreverblowingbubbles said:

Just anecdotally from here in Auckland,...From what I can tell having done the sums, there's really little financial reason to buy at these prices. Rent on my house is $860 a week, so $44k a year. The interest on the mortgage would be more than that if you bought at current prices with a 20 or 25% deposit. 

Anecdotally I always yearned to live in the Mediterranean by the sea, and Auckland offers it in spades..beaches on your doorstep, blue skies and hot sun, tasty fruit & veg ripened outside rather than indooors.  When we arrived it had a whiff of the UK 20 yrs ago, a slower pace of life and values.  Since moving here in 2013 I've seen house prices practically double, the extra traffic due to increased immigration does your head in, most overheard cafe conversations are about 'property' as being the only game in town. But our rent is the same as our London rent was in 2013 but our lifestyle is a zillion times better..commute to the CBD and work is 20mins by car and a fab ferry ride. Having witnessed house prices shoot up I think they will at some point in the next 5 years either shoot down, or nominally remain flat whilst inflation takes care of the rest. 

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HOLA4424
2 hours ago, Fence said:

How do the renting laws compare to the UK such as secutity and length of tenancy?

A relevant question given my recent experience! My landlady gave me 42 days notice, because she wanted to give the house to her daughter who was pregnant. Normally wouldn't have been too much of a problem having 6 weeks to find somewhere, but it was just a couple of days before my mum was due to arrive on holiday for 5 weeks. Ended up homeless (in a tolerable sense). 

I think they have to give 90 days notice if they just want to give notice. No other protections as far as I can tell. Renting is precarious. I don't have kids, but it still actually has quite affected me emotionally to have to move out of my last place, as I felt like it was home, had made a lot of friends in the apartment building... Really wasn't expecting to be asked to move out, but that's renting isn't it

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HOLA4425
1 hour ago, Viceroy said:

Anecdotally I always yearned to live in the Mediterranean by the sea, and Auckland offers it in spades..beaches on your doorstep, blue skies and hot sun, tasty fruit & veg ripened outside rather than indooors.  When we arrived it had a whiff of the UK 20 yrs ago, a slower pace of life and values.  Since moving here in 2013 I've seen house prices practically double, the extra traffic due to increased immigration does your head in, most overheard cafe conversations are about 'property' as being the only game in town. But our rent is the same as our London rent was in 2013 but our lifestyle is a zillion times better..commute to the CBD and work is 20mins by car and a fab ferry ride. Having witnessed house prices shoot up I think they will at some point in the next 5 years either shoot down, or nominally remain flat whilst inflation takes care of the rest. 

Agree with most of that 100%. I think they'll be crashing here shortly after everyone cottons on to what's happening in Sydney.

I'm paying more in rent now than I ever did in london (I was being more frugal when living there, even though I was earning more), but I don't resent it. What I get for the money is a million times the lifestyle I had, or would have had if I splashed out on a more expensive place in london. 

The only bad things I can say about nz are: the salaries are crap, it's miles from anywhere, wish the family and friends weren't on the other side of the planet, and wish the timezone was more agreeable for watching the footy! 

But yeah -  it's paradise - can't see myself leaving

Edited by Foreverblowingbubbles
Clarity
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