No, but we plan to. In order to withdraw, we will need to give up our Malaysian citizenships. We won’t be able to renounce our Malaysian citizenships until we’ve gotten our Australian citizenships.

The reason why we’d like to withdraw is because all our annual KWSP dividends are included as part of our taxable incomes in Australia. Mine’s being taxed at 45% which is pretty painful.

I can choose to keep my KWSP as well, but then half of the dividends will go towards tax. Combined with the falling ringgit, not worth it for me to keep it in Malaysia.

So there is no subsidised housing (flats/landed) for the poor in Oz, unlike MY and SG? As far as I know housing is also not cheap in other major cities like Brisbane, Perth or Adelaide.
To me SG has more pluses than OZ except work-life balance, SG is a good stepping stone to built one's qualification(education) n accumulate wealth for retirement  in cheaper countries at old age. AUD is only slightly stronger than MYR but depreciated a lot if compare with SGD. Weather wise MY n SG is more livable than South OZ for the whole year. I never like the 40C summer there.

no wonder.

Oil and Gas pretty big in Australia, I know a few personally migrated with OnG experience.

Its all about the fit between the prospector and what Australia is looking for.

if we happen to be at the wrong place and wrong time, not having matched skillset, migration could become a disaster.

i also known several migrants who failed, they went to australia couldn't find a job for 2 years, burnt their savings and have to return secretly, their tails between their legs.

If I don't care about future family, better work life balance I won't even consider about moving to Australia. I wont even be on this thread. Yes I want best of both world. No tax on investment and the Australia lifestyle for my kids and myself. But like they said you cant have your cake and eat it. I know there's a way to get both but I will need to be a private banking level and not normal people level.
No one's door.

Reason is I can FIRE if I dont move to Australia. With all the taxes I don't think I can FIRE. Maybe yes but take longer (which I don't want to wait). The reason for FIRE is to have early retirement and enjoy life.

I agree and I already start seeing the changes in Malaysia even though it's still cheap for now. 3% tax Vs say 32.5% tax.

Australia has no problem with dual citizenship...but Malaysia does not allow....

The tricky part is how you travel between the two....you can leave Australia with any passport, but you can only enter Australia with an Aussie passport....because you will not have an eligible visa on your Malaysian passport....

You can enter and leave Malaysia with the Aussie Passport, as long as they do NOT know you are Malaysian.].You cannot enter and then leave with the Malaysian passport, because of the above....you need a valid visa to even check in....

The way out is to travel through a 3rd country that does NOT practice API with Malaysia....

Not an issue for short stays, but if you enter with your Oz passport you will only get a restricted period visa as for the usual Oz tourists....so you cannot stay long....