'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.


Tuesday, July 7, 2009

New migrants rendered homeless by policy

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According to an article on Stuff.co.nz “Redundant migrants forced out” on the 4th July 2009 recent migrants to NZ are being forced to leave the country within 21 days unless they can find a new job. Many of the new migrants are not disclosing that they have lost their jobs to avoid having their visas revoked. As a result many of these new migrants are ending up living homeless on the streets. Another aspect of the Government's policy was also causing grief. The government is denying migrants a renewal of their work visas.

The problem of course is a lack of foresight by all concerned. The problem arose because:
1. The NZ government failed to ensure new migrants had adequate savings to cover job loss, apart from any investment they might make in housing.
2. The migrant failed to make provision for mishaps like a downturn in the economy

It is not unreasonable for the government to deny new migrants residency or citizenship, and as a result, to deny them benefits such as unemployment payments. It is however unreasonable treatment given that these people were paying tax and had no part in the problem. The problem of course is a long term recession caused by government stimulus. The stimulus was mostly from the US government, but most Western governments are guilty by indifference. Any taxpayer might also be considered partially responsible. I'm proud to say that I have only voted once in my life, and that was for a libertarian Senator in Australia. Waste of time of course.

The solution of course is to not migrate to NZ unless you have adequate sayings. I am thinking that a lot of people migrate here thinking its a poor man's paradise. The reality however is that whilst welfare is generous, its only available to those with Australian or NZ citizenship or permanent residence.

'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.


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