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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Aussie job search a tough gig for returning expats

By Cameron Micallef

September 16 2019
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Earn

Aussie job search a tough gig for returning expats

By Cameron Micallef
September 16 2019

Australians who believe working overseas will give them an employment advantage on their return home might struggle more than they think, a new study has warned.

Aussie job search a tough gig for returning expats

By Cameron Micallef

September 16 2019
Share

Australians who believe working overseas will give them an employment advantage on their return home might struggle more than they think, a new study has warned.

Recruitment site Indeed has undertaken research that revealed more than 1 million Australian expats are at a domestic employment disadvantage due to fears of gaps in local industry knowledge and the perceived inconvenience of hiring an expat.

According to its research, more than 90 per cent of “repats” believe Australian businesses are underestimating the degree to which skills are transferable across industries.

Returning overseas

Constant knock-backs in the Australian market are apparently proving too much for a number of returners, with two out of five expats returning to overseas posts in less than a year.

The majority of these “rebound expats” acknowledged they head back overseas because of job search issues, while 67 per cent leave again because they feel their international experience has been undervalued.

Salary expectations

Returned expats said the time spent gaining international experience and perfecting skills was worth more money, and employers should expect to adjust their salary expectations, the survey revealed.

On the other hand, recruiters reportedly believed returning employees have a “self-inflated sense of skills and experience” and “misjudge their earning power in Australia”.

Foster relationships in Australia

Reaching out to former employers or groups in an employee’s network can be advantageous, according to the survey.

It noted 49 per cent of expats found work through utilisation of their network.

It’s an experience lived by former expat Dan Home.

According to the former CEO, after eight years in Chicago, he was unable to land a job in Australia on any ASX-listed companies, and instead began his own firm.

He advised expats to “start fostering relationships back in Australia two to three years before you return because it takes a long time to break into the local industry.

nestegg has previously reported on the tax implications for returning expats.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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