Previously, I wrote about the reasons that could potentially lead me to stay in Australia.
Now, I’ll list out some reasons that might bring me home to Malaysia.
1. I predict that it’ll be hard for me to get a job
The economy is pretty bad here. Many companies are laying off their workers. On top of that, I am pretty academically challenged (i.e. my academic results are not that great). So, I predict that it’ll be hard for me to get a job here. Also, to get a permanent good-paying job in Australia, you need the Permanent Residency status. To apply for PR, you have to spend a few thousand dollars. If I won’t be able to secure myself a job, spending a few thousand dollars would be a waste of resources, no?
2. Being called back to work
With regards to point number 1, I’ve already got a job waiting for me in Malaysia (assuming the company doesn’t renege on the promise of course). The perks are also pretty good. In terms of pay, well, so-so.
3. Family and friends
Most of my family and friends are in Malaysia. Most of my friends here in Australia also hail from Malaysia and they’ll ultimately return home.
Personally, I think that it might be a tad harder for me to expand my social circle here.
On top of that, it is much more fun celebrating festivities in Malaysia, right?
4. The ease of carrying out a business
This is pretty much a deadlock between Australia and Malaysia. I can’t really determine where it would be easier for me to conduct a business. What do you think? Malaysia or Australia? Based on past experience, I’d say Australia. However, Malaysia is not that hard as well. Hmmm….
5. High rental
The next three should probably be on top. Anyway, it is pretty expensive to rent here in Australia. In Brisbane, I guess setting aside around AUD1,000 per month to cover rent is about right.
6. High insurance costs
Again, when it comes to insurance costs, it can get pretty hefty over here.
7. High tax rates
This point refers to Personal Income Tax rates. It can go as high as 45% (not including Medicare levy) for an individual.
Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.