Accentuate the positive

posted in: News, Research | 0

Thousands of Aussie expats are ditching economic doom and gloom in Europe for better job opportunities back home, according to, an online jobs community that links expat workers overseas with firms in Australia and New Zealand.

Australia’s continued jobs growth and downturn defying economy are proving too good to resist for ambitious expats looking to further their careers on home soil.

UK Home Office figures show that the number of Australian citizens entering the UK for employment has dropped by 35 per cent over the past three years.

A survey conducted by found that many expats were returning home for better job opportunities and because they are “sick of the economic doom and gloom in the UK”.

The top ten jobs that Australians are returning home for this year are reportedly in mining, resources, engineering, energy, digital media, healthcare, pharmaceuticals, trades, construction and insurance.

The report – released yesterday – is interesting timing given recent speeches by the Reserve Bank “gov’nor” that Australians needs to realise that our economic situation is actually glass-half-full, and not glass-half-empty. This is especially true when you consider how well our nation has fared during the GFC when compared to Old Blighty, let alone, to some eurozone countries such as Spain.

While, here in Queensland, we have been hearing a lot recently about how broke our State Government is – which is not great for confidence levels admittedly – the situation can be fixed. We still have a multibillion-dollar resources industry, an improving tourism sector, and a property market that appears to be a turning a corner.

I spent some time in the UK and Ireland in the midst of the GFC and it was not a pleasant place to be – and I’m not just referring to the €15 I paid for a drink in Dublin. There was row upon row of empty retail spaces, and the overcast, gloomy skies suited the general demeanour of most of the people I spoke too. The unemployment rate in the UK is now about 8 to 10 per cent, while in Australia it remains is in the low 5s. This is a very good thing.

It is not unusual for confidence levels to be impacted by bad news, but conversely it would be nice if good economic news could be celebrated just a little bit more.  Indeed, let’s make a commitment to accentuate the positive because we are all know that nearly every other nation is envious of our economic place in the sun.

Nicola McDougall is the REIQ Executive Manager Corporate Affairs