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 [AMA] I immigrated to Australia early 2022, Ask me anything!

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tomatotomatomy
post Jun 19 2023, 06:16 PM

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QUOTE(smokey @ Jun 18 2023, 09:49 PM)
Seems like no hope for single earner to buy a landed house 🥲
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If you’re in Melbourne, you can probably still get a townhouse or a unit within 30km west of CBD under $500k

But the west has a bad reputation, ie many migrants of darker skin, too many factories, etc.

I’ve been living here for almost 10 years now, but nothing bad has really happened.

There are many young families from India moving into the new estates here.

tomatotomatomy
post Jun 19 2023, 06:21 PM

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QUOTE(Chinoz @ Jun 18 2023, 07:08 PM)
All fine and dandy until you realise there’s a negative cashflow element when negative gearing.

I’m not sure why the media likes to portray it as a free ride to riches.
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It is a great policy if your income is above $180k.

Imagine paying less tax for buying a property that’ll increase in capital.

It’s a policy made by greedy politicians to make the rich richer
t4gn P
post Jun 19 2023, 06:47 PM

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QUOTE(tomatotomatomy @ Jun 19 2023, 06:21 PM)
It is a great policy if your income is above $180k.

Imagine paying less tax for buying a property that’ll increase in capital.

It’s a policy made by greedy politicians to make the rich richer
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yeah many of the politicians own properties themselves, so in their interest to keep it up.

the difference now is in this current high interest rate environment which is likely to persists for at least 2-3 more years, will future capital gains be muted? anyone's guess

they have a few levers to control i can think of

1) artificially restrict supply of new land / developments

2) continue to prop up demand and sell the population dream and increase migrants flow.. eg india now has a almost exclusive migration agreement with australia... to drive up the rents and property price

3) maybe allow foreigner to buy subsale properties


for a middle class investor, is prolly not worth it to do this. they may not get approved for bank loans as bank's serviceability requirments get raised due to interest rate....

tat leaves the upper middle, maybe still can consider.. but increasingly, squaring the yearly losses + tax savings vs future prospect of cap gains... may not be enough to take a bigger risk esp. for risk adverse.... maybe better to pay more tax and have positive yields


DS51
post Jun 19 2023, 07:48 PM

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QUOTE(Barricade @ Jun 18 2023, 12:20 AM)
How's the jam in Australia during rush hour? One of the stress contributor in Klang Valley is the bloody jam to and back from work.
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If u really dont want traffic jam. go migrate to murica bro. serious bro.no joking. my dad work in kentucky before. malaysia problem is our country is small and only focus in KV. very high density place. out industry not developed enough to spread into other city.
Peace888
post Jun 21 2023, 09:55 PM

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Do you know anyone who's keeping both Malaysian and Australian citizenship and how.... Can PM also if it's personal. I'm seriously contemplating to do this due to some personal commitments in both countries...
Ramjade
post Jul 5 2023, 08:04 PM

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Salary if I work and stay I Australia on employment visa, am I taxed as Australia resident or foreign tax resident in Australia?

This post has been edited by Ramjade: Jul 5 2023, 08:05 PM
Chinoz
post Jul 5 2023, 08:12 PM

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QUOTE(Ramjade @ Jul 5 2023, 08:04 PM)
Salary if I work and stay I Australia on employment visa, am I taxed as Australia resident or foreign tax resident in Australia?
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Already say stay in Australia, of course you’ll be deemed as an Australian resident for tax purposes.
TSSalary
post Jul 6 2023, 09:21 PM

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QUOTE(Ramjade @ Jul 5 2023, 08:04 PM)
Salary if I work and stay I Australia on employment visa, am I taxed as Australia resident or foreign tax resident in Australia?
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You’ll be a foreign tax resident. Australian tax resident is only applicable for PRs and citizens.
Ramjade
post Jul 7 2023, 01:12 AM

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QUOTE(Salary @ Jul 6 2023, 09:21 PM)
You’ll be a foreign tax resident. Australian tax resident is only applicable for PRs and citizens.
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Thank you for the reply. As foreign tax resident, will I be taxed on my foreign sourced income (investment) or only my Australia pay?
kenji1903
post Jul 7 2023, 08:45 AM

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QUOTE(Ramjade @ Jul 7 2023, 01:12 AM)
Thank you for the reply. As foreign tax resident, will I be taxed on my foreign sourced income (investment) or only my Australia pay?
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Depends on tax bracket, you should read more on how dual taxation works, not only Australia practices that, UK as well

https://www.ato.gov.au/Individuals/Coming-t...r-tax-purposes/

As long as you are living and working in Australia and have income overseas, you need to declare the foreign income and tax office will calculate your tax based on your Australian tax bracket
kenji1903
post Jul 7 2023, 08:47 AM

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QUOTE(Salary @ Jul 6 2023, 09:21 PM)
You’ll be a foreign tax resident. Australian tax resident is only applicable for PRs and citizens.
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Those with company sponsored temp resident work visa, are they considered Australian tax residents?
prophetjul
post Jul 7 2023, 09:18 AM

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QUOTE(Salary @ Jul 6 2023, 09:21 PM)
You’ll be a foreign tax resident. Australian tax resident is only applicable for PRs and citizens.
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What about TRs?
Chinoz
post Jul 7 2023, 09:24 AM

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The ATO has guidelines on who is and isn’t a tax resident, and they’ve stated that their definition of resident for tax purposes is not related to whether you’re a local or a foreigner.
empire
post Jul 7 2023, 11:51 AM

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QUOTE(Salary @ Jun 11 2023, 11:25 AM)
Hi All,

I’ve been browsing Lowyat Forum on and off for the past decade or so and I’ve seen a lot of threads every now and then that centres around the topic of moving to Australia. There’s a lot of good information on here, but there’s also an equal amount of misconceptions about living and working in the land down under.

One saying that I’ve come across a lot which stands true is that the grass is not always greener on the other side, and this is something that I’ve always kept at the back of my mind when I was planning the big move. I’ve seen many migrants struggling as they did not deliberate enough when making the decision to uproot their established lives in Malaysia to give what they perceive as the land of opportunity a go.

I have a bit of time to spare over the next week, so I’d be happy to shed light on and provide some first-hand insights into moving, living and working in Australia. Some context about myself to kick start the AMA:

- I obtained my Australian permanent resident visa prior to the COVID pandemic
- I moved early 2022 at the tail-end of COVID border restrictions
- I am English-educated while my wife is Chinese-educated
- My wife and I are in our early 30s
- We are both currently working in our respective industries, either at the same level or higher that the jobs we had prior to leaving Malaysia
- We had a combined monthly salary of approximately RM35k per month in Malaysia with our house and cars paid off, which made the decision to move even more difficult

Feel free to ask me anything and I will endeavour to provide a candid answer based on my personal experience.  smile.gif
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What English educated? you are Malay Educated la!
All the 8 subjects in your Secondary school are in english is it? if not, you are Melayu Ed!

This post has been edited by empire: Jul 7 2023, 11:53 AM
hakmuiguai P
post Jul 7 2023, 10:41 PM

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Hi, for EA skills assessment, do we need to apply for employment assessment as well?
jojolicia
post Jul 8 2023, 04:15 PM

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QUOTE(prophetjul @ Jul 7 2023, 09:18 AM)
What about TRs?
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Why, again nobody reply to your post.

Subclass 485 (graduate work stream) is consider as temporary resident for tax purposes.

485 will only be subjected to income earned in aust and not your foreign income.

This post has been edited by jojolicia: Jul 8 2023, 04:20 PM
prophetjul
post Jul 8 2023, 04:35 PM

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QUOTE(jojolicia @ Jul 8 2023, 04:15 PM)
Why, again nobody reply to your post.

Subclass 485 (graduate work stream) is consider as temporary resident for tax purposes.

485 will only be subjected to income earned in aust and not your foreign income.
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Thanks mate.
Not a lot of people has this experience like yours. smile.gif
jojolicia
post Jul 8 2023, 04:41 PM

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QUOTE(prophetjul @ Jul 8 2023, 04:35 PM)
Thanks mate.
Not a lot of people has this experience like yours.  smile.gif
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Opss sorry, my bad.
My apologies to TS too 🙏, just realised TS did not reply to any later postings as well. Busy

This post has been edited by jojolicia: Jul 8 2023, 06:42 PM
limeuu
post Jul 8 2023, 08:04 PM

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QUOTE(AnimeSinceForever @ Jun 14 2023, 03:37 PM)
I think the level of concessions you can expect from Australians about this depends on whether you care about being seen as a "community hero" or "assimilated newcomer". hmm.gif

As an example Lebanese and Somalians in Australia seem to have successfully imposed a lot of parts of their culture in Australia, you will need to read up on modern Australia to discover what I'm talking about. icon_idea.gif

Halal eateries already exist in Australia too ... easiest would probably be McDonald's or KFC brows.gif
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HSP!!!
TSSalary
post Jul 8 2023, 08:08 PM

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QUOTE(empire @ Jul 7 2023, 11:51 AM)
What English educated?  you are Malay Educated la!
All the 8 subjects in your Secondary school are in english is it? if not, you are Melayu Ed!
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Yes. SMKs and SJKCs are not the only schools in Malaysia. rolleyes.gif

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