
BiggerD
Just for anyone considering crossing the ditch.
Unemployment is rising in Australia.
Of course certain occupations are still in demand like health care & education.
But the building & construction industry could soon be on a decline.. due to certain factors.
For example in Sydney , regulations where dropped on building Apartment blocks.
Lots of Chinese money was coming into the country which boosted local Sate Government coffers & its was more Chinese immigrants then build more Apartments.
Some apartments where not built to local Government standards, & so now you have a problem where some apartment blocks are cracking & showing other faults
and no one is owing up to the mess. People are being made homeless after being kicked out of a faulty apartment.
Today a Major property Developer went into liquidation leaving those that have paid for one of their apartments in limbo
www.abc.net.au
Retail statistics show today that Australia is in a "retail Recession"
Too many Aussies in Debt.. its not looking good
www.dailymail.co.uk
And for some this headline : For some in Australia, unemployment is worse now than during the Great Depression
Dunno what the Economy is like in New Zealand.. but Kiwis for now could be better off.
Unemployment is rising in Australia.
Of course certain occupations are still in demand like health care & education.
But the building & construction industry could soon be on a decline.. due to certain factors.
For example in Sydney , regulations where dropped on building Apartment blocks.
Lots of Chinese money was coming into the country which boosted local Sate Government coffers & its was more Chinese immigrants then build more Apartments.
Some apartments where not built to local Government standards, & so now you have a problem where some apartment blocks are cracking & showing other faults
and no one is owing up to the mess. People are being made homeless after being kicked out of a faulty apartment.
Today a Major property Developer went into liquidation leaving those that have paid for one of their apartments in limbo
More than 3,000 units in limbo as one of Australia's major property developers collapses
The slump in Australian construction is biting, with large Sydney-based property developer Ralan Group going into voluntary administration, while shares in cement maker Adelaide Brighton tumble after a major profit downgrade.

Retail statistics show today that Australia is in a "retail Recession"
Too many Aussies in Debt.. its not looking good

The worst figures in almost 30 years that could signal a recession
Digital Finance Analytics founder Martin North said the weakest retail sales figures in 28 years could be a sign Australia is slipping towards a recession for the first time since 1991.
And for some this headline : For some in Australia, unemployment is worse now than during the Great Depression
Dunno what the Economy is like in New Zealand.. but Kiwis for now could be better off.