QUOTE(prophetjul @ Jun 16 2021, 08:02 AM)
Yeah. The property boom in Aus has made many millionaires indeed. My uncle and aunty migrated in the early 1970s. They have had a good life in Aus. They accumulated a few properties and are now in their 80s. He was a communications engineer.
My cousin who is in his late 60s have had ot good too. He is a civil engineer. Migrated in early 90s. He was made a partner in s small firm in a small town in Queensland. A rarity in Aus i think? A bigger firm came and took them over and he became an instant multi millionaire.
Yes. Malaysia is a great place for retirees. WE have ex Aussie migrants coming back to retire in our state.
Are you one of these?
I can always go back to Sydney if i don't like Msia as my PR will still be valid for at least 5 years. One property where i live in Sydney can buy three equivalent properties in KL
. Cannot compare one of the most expensive cities with one of the cheapest in the world - lah
In Sydney, we are encouraged to have at least A$1mil - A$1.9 mil (couple) in our nest egg for a 60 year old to have a reasonably comfortable retirement (this amount doesn't include the house we live in as well as your car if you need one). However even if you don't have this much, there is always the aged pension you can fall back on at age 67 (A$700/week for a couple). Medicare is always available which is free for PRs and citizens. Aussies have a very good welfare system for people who need it.
I like Msia very much - left KL after studying in Taylor's College (located bottom of Pantai Hill at the time) in 1979/1980 and only came back for a short while to apply for my PR in 1988/1989. I could not get a job that would pay me more than rm1,200/mth at that time in KL when i came back so decided to go back to Sydney once i got my PR. Sydney University has treated me well and gave me a job-for-life career and was extremely lucky to get a golden handshake just when i was about to retire
. My golden handshake is probably more than what T20 Msians will accumulate in their epf (working a whole lifetime) so i was extremely grateful to my employer
I have only been out of hotel quarantine 11 days but i love life here (even with the lock down). I just hope i don't catch Covid but i am very careful when i need to go out This post has been edited by Garysydney: Jun 16 2021, 08:30 AM