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BNZ weekly economic overview

In this weeks overview the following topics are discussed: Is the economy getting better? What do the leading indicators say Interest rates Housing market update Major offshore issues Foreign exchange Download your full copy here

How to manage your banking while living overseas

Organising how to access and manage your NAB accounts while you’re living overseas is easy and can be done before you leave the country. Simply be aware of these factors: Accessing your money NAB Internet banking is the easiest way … Continue reading

Working visas available now for Canada and the United States

If your heart is set on moving overseas and the UK isn’t an option, Visa First’s Edwina Shanahan suggests taking other countries into consideration. “It’s worth noting that there are other visas and countries that Australian citizens are eligible to … Continue reading

NZ and UK skills shortage

New Zealand and the United Kingdom may not be in the grip of a mining boom, but employers are nevertheless crying out for skilled workers in construction, IT and engineering. According to research commissioned by recruitment process outsourcing (RPO) provider … Continue reading

UK visas explained

Tier 2 sponsored work visa The Tier 2 visa is applicable to those who have a job offer from a UK employer or who hold a certificate of sponsorship or work permit. Applicants need to be aware that according to … Continue reading

Changes to UK visa requirements for Australians

In spite of our colonial ties, Australians cannot enter the UK for work without a visa, and in recent years it’s become much harder for anyone wanting to move to the UK. A 2009 UK Office for National Statistics report declared … Continue reading

Visa requirements for Australians wishing to move to New Zealand

According to the Department of Foreign Affairs and Trade, there are currently around 65,000 Australians living in New Zealand. Want to become one of them? Here are some things you need to know about visas and New Zealand’s economic outlook. … Continue reading

10 things you need to know about private health insurance on a 457 visa

1. Under new laws introduced in 2009, your 457 visa will not be granted unless you can prove you have health insurance that will cover you and your accompanying family. 2. This insurance must be at least as comprehensive as … Continue reading

Australia’s Best Schools

About Australian schools Each state offers a wide variety of government (public), and non-government (Catholic and independent) schools. Most Independent schools have a religious affiliation, but some are non-denominational, while all Government schools are non-denominational.Most Australian schools are co-ed catering … Continue reading

Changes to streamline permanent employer-sponsored visa program

The Department of Immigration and Citizenship (DIAC) has announced a revision of the permanent employer-sponsored visa program. Announced by the minister for immigration and citizenship Chris Bowen on March 9, the changes will come into effect on July 1 2012. … Continue reading

Regional spotlight: The Sunshine Coast, Queensland

The Sunshine Coast offers approximately 100 kilometres of the laidback, beachside lifestyle Queensland is renowned for. Queensland’s Sunshine Coast begins 80 kilometres north of Brisbane, and stretches from the Glass House Mountains in the south, north to the Great Sandy … Continue reading

Nursing jobs in Australia: where to go

Thinking of applying for nursing jobs in Australia? New South Wales and Victoria have the most to offer. John de Haart, managing director and owner of Brisbane-based Health Staff Recruitment says that while there are still nursing jobs in other … Continue reading

Australia’s property hotspots

Looking to snap up a real estate bargain when you come to Oz? These are the cheapest suburbs and towns across the country. Units State Suburb Median price Average Annual Growth 5-year Growth Weekly median advertised rent ACT Curtin $322,770 … Continue reading

Regional spotlight: Mackay, North Queensland

Mackay is a thriving tropical city that rose to prosperity on the back of the sugar cane industry. Now, this gateway to the Whitsundays is enjoying a second wave of good fortune thanks to the mining boom.Each year, more and … Continue reading

Australia is the second best place in the world to live

Australia placed second only to Norway in the 2011 United Nations Annual Human Development Index. The survey revealed the average Aussie can expect to live to the ripe old age of 82 – only the Japanese with 83 years have … Continue reading

Tax obligations for non-residents of Australia

2011-2012 Tax Reference Guide Individual Tax Rates TAXABLE INCOME TAX PAYABLE % TAX ON EXCESS $6,000 NIL 15% $37,000 $4,650 30% $80,000 $17,550 37% $180,000 $54,550 45% The above rates do not include the 1.5% Medicare Levy Non-resident TAXABLE INCOME … Continue reading

Tips for permanent migration

Having a good agent to help you cut through immigration red tape can save you a lot of time and trouble. Philip Duncan, Registered Migration Agent with Australia Migration and Visa Lawyers offers these tips for finding a good agent … Continue reading

Education costs for 457 visa holders

School fees for 457 visa holders vary in each state and it pays to do your homework before you pack your boxes, says Australian Migration and Visa Lawyers’ Philip Duncan.“The best way to find out what the requirements are for … Continue reading

Superannuation guide

When you arrive in Australia, you will need to know about superannuation, and your employer’s obligations. What is superannuation? Super, as it’s known, is money set aside from your salary over your working life to provide for your retirement. For … Continue reading

What does the Australian economy look like in 2012?

Australia is far from immune to the Euro-zone crisis, but while the global economic outlook is increasingly precarious, Australian forecasts for 2012 are cautiously optimistic. NAB’s Economics Team offers the following insights for the coming year: Inflation “The likelihood that … Continue reading

What you need to know about Medicare

Medicare is Australia’s national health care system. It is taxpayer funded, with the majority of Australians paying a 1.5% Medicare Levy on their taxable income. So what does Medicare cover? A lot. The following medical services are either free or … Continue reading

Paid parental leave in Australia boosts baby boom

Thanks to the government’s recent introduction of a long overdue paid parental leave scheme, Australia is currently enjoying a mini baby boom. If you’re moving to Australia and plan to start or add to your family, the good news is … Continue reading

Regional spotlight: Darwin

The Top End is in the grip of a skills shortage that’s set to worsen dramatically in the next few years. If you like your summers hot and your beer cold, Darwin could be calling you home. Peter Stewart, executive … Continue reading

In the news:Australia’s brain drain continues

Recent government cuts to university level science and maths spells bad news for Australia’s future as a clever country but good news for future generations of skilled migrants. In a bid to restore the budget to surplus, the Gillard government … Continue reading

Will you pass your Australian citizenship test?

When you are eligible to become an Australian citizen, you will have to sit a citizenship test. To pass, you will need to correctly answer a minimum of 15 out of 20 multiple-choice questions.Here is a sample list of the … Continue reading

Is Adelaide the best place to live in Australia?

According to the results of The Property Council’s liveability survey, the answer is yes. In January 2011, The Property Council released the results of the largest survey undertaken on attitudes towards the liveability of Australia’s cities with the South Australian … Continue reading

Spotlight on: Toowoomba and the Surat Basin

Toowoomba is the major service centre to the Surat Basin region to the northwest, an area experiencing a resources boom – and a skills shortage – courtesy of major projects for conversion of coal seam gas (CSG) to liquefied natural … Continue reading

Australian workplace culture

Surviving your first year on the job will be a breeze if you can work and play well with others, says Dr Natalie Skinner from the University of South Australia’s Centre for Work + Life. What are the common misconceptions … Continue reading

Who are Australia’s Employers of Choice?

Australia holds its own as a professional destination of choice on the international stage, says Nick Deligiannis, Director of Hays worldwide recruitment. “The Australian economy continues to experience growth and recovered well from the 2008/2009 market downturn,” Mr Deligiannis explains. … Continue reading

Top 20 paying industries by state

Find out where you can earn the most money in your industry in Australia. The majority of primary 457 visa grants to 30 June 2011 were for positions in New South Wales, Victoria and Western Australia. Notably, however, the percentage … Continue reading

Skilled migration trends in Australia

With the number of primary 457 visa holders in Australia on the rise, we take a look at the top industries where skilled migrants are making an impact. As of June 2011, there were 72,300 primary visa holders in Australia … Continue reading

Living and working in Australia’s capital city

Canberra offers skilled workers ample employment and lifestyle opportunities. Canberra is Australia’s capital offers some of lowest cost of living in Australia. It also boasts unemployment levels consistently lower than the rest of the nation. Canberra is home to Australia’s … Continue reading

Immigration snapshot: where do most of Australia’s skilled workers come from, by country and industry?

In 2010/11,39% more 457 applications were lodged than in the previous year.  As of June 2011, there were72,030 457 holders were in Australia, up 5.3%. Here’s who they are and what they do: 78% Managers and Professionals 16.5% Technicians and … Continue reading

Snapshot of Australia: Olympic Dam, South Australia

South Australia is becoming an increasingly popular location for people looking for a relaxed lifestyle and a lower cost of living than other more expensive states such as Victoria and New South Wales. The capital, Adelaide, offers great cultural diversity … Continue reading

How Asia’s rapid economic growth will impact the Australian skills shortage

With Asia’s rapid economic expansion set to exacerbate the Australian skills shortage, there will be even more top paying jobs available to skilled migrant workers in Australia. While unprecedented progression in Asia is a driving force in Australia’s lucrative mining … Continue reading

Skilled workers coming to Australia can obviously command great pay packets but are there things they should be aware/wary of?

Philip Duncan, partner with Australian Immigration and Visa Lawyers, offers these helpful tips for anyone negotiating employment and visa terms before coming to Australia. Keep in mind that if you’re going into boomtowns such as Mackay, Moranbah and Gladstone in … Continue reading

Western Australia’s Mining boom remains in full swing

There is much debate over how long the mining boom can continue, but a quick look into the fortunes and future plans of the biggest players operating in Western Australia reveals the bust is a long way off. The Deloitte … Continue reading

Skills shortage update

According to a Skills Australia report released in May, it’s estimated Australia will need an additional 2.4 million skilled workers by 2015 and 5.2 million by 2025. Mark Wright, partner and national immigration leader with Deloitte says the government and … Continue reading

What does Australia look like in a post-GFC world?

Grattan Institute CEO, John Daley, says that in the wake of the global financial crisis, Australia is not without its troubles but we wouldn’t swap them for anyone else’s. What are current unemployment rates in Australia? “Australia’s unemployment figure during … Continue reading

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Avoid tax stress

Stay on the taxman’s good side – or under his radar completely by understanding how the system works. How to obtain a Tax File Number Every Australian requires a Tax File Number (TFN) as it is the means by which … Continue reading

What can’t I take with me?

As with pets, Australia also has rigid rules regarding food, plant and animal materials that are allowed into the country. The strict regulations are designed to protect the country’s billion dollar agriculture and tourism industries from being decimated by new … Continue reading

Spotlight on Newcastle and the Hunter Valley, NSW

Buoyed by the twin economies of mining and a flourishing wine region, this area two hours north of Sydney, NSW, is slowly but surely shedding its image as a dusty steelworks town and surging ahead as a desirable spot to … Continue reading

Cultural activities

There are hundreds of festivals in Australia each year ranging from tiny regional affairs such as the Henry Lawson Festival in Grenfell, NSW, which celebrates the works of the colonial era bush poet, to each capital city’s annual arts and … Continue reading

The Cost of Living in Australia

The Cost of Living in Australia How much will it cost you to run your home once you’ve finally unpacked the last box? We take a look at the prices of electricity, petrol and food. In next month’s issue, we’ll … Continue reading

Three steps to finding a job you’ll love in Australia

Get your CV right and find out tips on what Australian employers look for, where to look for work and what you’ll need to work in Australia. Step 1: Update your CV Keep your CV short and relevant to the … Continue reading

Mortgages in Australia – myths and reality

Myth: Migrants are unable to get mortgages. Reality: There are no rules that say you can’t have a mortgage in Australia from the day you arrive, says NAB’s Tony Loeckenhoff. Pre-approval, however, is another matter. “Lending decisions are based on … Continue reading

How does the home auction process work in Australia?

Buying and selling houses at auction is hugely popular in Australia. The following is a basic guide to how the home auction process works. Registration of Interest Once you’ve found a property, by law, you need to contact the real … Continue reading