Australia's Migration Numbers Explained

Jason · 00:00Welcome to episode 257 of the Numbers Game. I'm Jace. I'm here with Nick and Marty. And Marty, I'm gonna jump straight into something. I've got a bone to pick with you mate. I, uh, I don't like you spreading misinformation and I'm here to debunk it. But you sent an image to me. I'm hold it up, uh, and we'll get it in there.

Jason · 00:18Essentially, it is an image that says that 142,000 millionaires expected to leave Australia in 2025. Not right. Well, you mate, I'm, I'm gonna give you a chance to defend yourself here and explain why you're sharing this image to me. But, uh, yeah, what have you got?

Marty · 00:34Oh, I just thought, I just saw it, mate.

Marty · 00:36There's no depth to that, uh, image. I would figure I'd send it to you and you the numbers man, and you'd debunk it and debrief it and come up with something spectacular today.

Jason · 00:47I could, I could've played this a different way, but, uh, Nick, what are your, what are your thoughts on 142,000 millionaires expected to leave Australia in 2025?

Nick · 00:56I think we need to, um, think about what makes a millionaire these days as it's not, it's not very difficult really. If you, uh, you've got a property in a decent suburb, you're probably a millionaire. Very good. Um, so that's no surprises to me because a lot of business people are leaving the country. Um, yeah, those, if you said 142, yeah.

Jason · 01:22142,000.

Nick · 01:25Hundred 42,000. Yeah. A lot of people, I dunno, but you know, there's a lot of millionaires.

Jason · 01:31Oh, okay. You said

Nick · 01:32billionaires. I would've been surprised, but millionaires,

Jason · 01:35Marty, if you come across an image of about, about billionaires leaving Australia, feel free to forward that one to me. But, uh,

Marty · 01:40well, well, you, you, you're smiling like a Cheshire cat, so Yeah.

Marty · 01:44Luck. Lucky's got, he's just gonna whack us with something. Oh, I, it's like, I've

Jason · 01:48coming in hot here. I've

Marty · 01:49done research here. I've

Jason · 01:51got that look going

Marty · 01:52on.

Jason · 01:53Well, let, let me go into it. I, I did want to deep dive on a, one of the hottest. And most misunderstood topics, which is around migration. Um, so this, this image, and I did see it through the rounds.

Jason · 02:05Marty, you know what, I'll let you off here. You weren't the only person who sent it to me. Um, but you know, the image talks about 142,000 millionaires leaving Australian 2025. Now it sounds scary. The story's very different, and obviously I'm here to throw it back in Marty's face and break down the facts about who's leaving and actually who's coming in, um, to our economy as well, and what it means for the everyday Aussie and, and our small business people who tune in as well as the everyday Aussies that tune in.

Jason · 02:31So. Where that number comes from. Marty is actually a Forbes Australia article where they're referencing a list called the, uh, Henley's, uh, list is about, it's about high net worth individuals and it talks about 142,000 high net worth individuals are scheduled or, or looking to relocate globally in 2025.

Jason · 02:54So that's all of them. That's all of the millionaires in the world, and that's based on 1 million US dollars in liquid investible assets. And that's, that just means they're looking to acquire residency or citizenship in another country. That's all the kind of the, the settings that are there to put together that 142,000 number.

Jason · 03:15And then also that's expected to rise to 165,000 in 2026. So high net worth individuals are on the move. Now when it comes to Australia, believe it or not, as much as that image that's doing the round says that people are leaving Australia. Australia in total is in the top 10 destinations for wealthy movers.

Jason · 03:34We, we have a pretty good way of life here in Australia, and as much as you know, we've, we had that episode recently where we talked about how many taxes are in Australia, but I also told you that Australia was around the 28th out of 39. Around the OECD most, you know, highest taxed countries. So in theory, you know, Aussies talk about being taxed a lot, but we are one of the locations where people want to move to on this Henley and Partners private wealth migration report.

Jason · 04:01So, a few different areas you can go and look up my stats and uh, try and debunk me, but, uh, yeah. Marty, what are your thoughts on that? The 142,000 millionaires moving globally and then that Australia is actually one of the destinations that they wanna come to.

Marty · 04:13Well, it's, it's a pretty good country that we have got.

Marty · 04:16I mean, for if you, if you turn the due off for a while, you're actually, it's not so bad. But I like, I like I've heard of the challenges in the uk, like mm-hmm. Um, there's a lot of millionaires and multimillionaires moving from the UK to the US just 'cause of the taxes are so bad. Um, so that's, yeah, that is a fact.

Marty · 04:35But yeah, that number still sounds. Sounds large for Australia with people moving out. So what, what have you got in regards to just debunking that a little bit further?

Jason · 04:47No, well, they're, they're, they're not the ones moving out of Australia, so that's, that's just that whole number's wrong altogether. But I do have some, some numbers.

Jason · 04:52I do. Did you say

Nick · 04:54globally, Jason? Yeah.

Jason · 04:55142,000 moving globally. So that's the 142,000. Was everybody moving globally to different locations? Did you saying they lied to Marty? Yeah, well the, the picture that Marty shared was, it was 142,000 leaving Australia, but that's just worldwide movement. So good

Nick · 05:14movement.

Nick · 05:15We stop using. TikTok is your main

Jason · 05:18TikTok and Instagram reels are not the place, uh, for this, uh, and, and MAD

Marty · 05:23Magazine I got

Jason · 05:24and Mad

Marty · 05:24Magazine Daily Mail. Was it? Zoo Zoo

Jason · 05:28Magazine back in the day as well. I feel like that's, that's just popped into my brain you're

Marty · 05:31talking about. It's, uh, no.

Jason · 05:33All good. No. So we'll give you a few more numbers 'cause obviously, you know, I didn't do all this research to sit here and, uh, you know, talk, not give you guys the numbers.

Jason · 05:40So the pe, the, the places gaining the most millionaires. No surprises. It's the UAE. They've got, they're expected a net gain of 9,800. Next is USA and Saudi Arabia. Now, the Saudi Arabia numbers are, are somewhat surprising, but it's put down to that it's a lot of returning Saudi Arabians. They've moved overseas.

Jason · 06:01Done their thing and now they're coming back, um, to settle back in again. So those numbers are reported as well. And then outside of us, USA, Saudi Arabia, UAE coming up next is Singapore and Greece. Um, Singapore very good from a tax perspective. Um, so there's, there's a lot of people that'll move to Singapore and as a hub to get around the world.

Jason · 06:19If you are traveling, Singapore's quite central, um, and a lot of flights around. So, um. Only about 30% of these wealthy movers are using investment migration visas. So that's, uh, a way you can move around. Uh, mostly, um, moving though for work, family and birthright channels. So they're going back to be able to have their families and, and continue their family growth.

Jason · 06:42Um, the Forbes Australia article's really interesting and that Henley publication, you know, if you're interested in these numbers, they're definitely two that I would say go and deep dive into it. Marty, given you sent me that image, it's probably, you know, I know you love your numbers too.

Marty · 06:54Even though they're

Jason · 06:54wrong.

Jason · 06:55Even though they're wrong. Um, yeah, said get off. TikTok Marty. The, the numbers though, the henleys use what's called a push pull factor, which I find really interesting where they describe like the, the push reason to leave or the pull reason to end up somewhere, and your pull factors are lower and simpler.

Jason · 07:13Taxes, political stability. Safety, education, healthcare, business hubs, and lifestyle. So, you know, when you think about somewhere like Singapore, as an example, lower taxes, political stability, safety, education, and business hub. Like there's, there's a, there's a real kind of business hub in there. Um. You know, those, none of those kind of reasons would surprise you guys.

Jason · 07:37And, and from a push percent push perspective, it's kind of the opposite. If you've got political instability, rising taxes, concerns around personal safety and then lack of global connectivity. So I mean, in a way you can actually kind of think about Australia a little bit that way there's some political instability.

Jason · 07:54We've got rising taxes or, or at least perspective of rising taxes, safety concerns, especially here in Melbourne. Every time you lo, you know, every time we use Marty's go-to news source of Instagram or TikTok, there's, you know, Jackie Felgate is there talking about the latest house that had a home invasion or a car jacking with kids in the back.

Jason · 08:10And then global connectivity. Australia's so far from everything. So as much as we might be a destination, that's not to say that there isn't still some net movement back out the other way, which we will cover next.

Nick · 08:22Mm, thought so far. No, it's all making sense to me. Um, yeah, I think, I think Marty nailed it.

Nick · 08:29If you switch the news off for a little while, this, this country's actually pretty good. But Yeah. Uh, it's definitely, you know, the, uh, as a parent now, definitely the crime is a, is a concern. Um, and it, it never was. It's only really the last 12 months that that's been a concern. Taxes for sure. Keep going up.

Nick · 08:49Yep. So there's plenty of, plenty of push there.

Jason · 08:51I couldn't agree more. And, and there is that, you know, as the, the news though, I mean, I've never thought more about, you know, the, the safety. Even like my, my brother with young kids thinking about them where they live and the access of somebody to walk straight off the street, into their home, out through a window, through a door, cars left out the front yet.

Jason · 09:08And I've never thought like that before in the 37, 38 years I've been on the planet. So yeah, times are changing and whether that's a lot of media influence or it's just reality,

Marty · 09:16but we would have to have, um, specific checks for migrants coming in. I wouldn't think it's a free for all. Like they would, there would have to be, from what my understanding is, there's still some pretty stringent criteria, isn't there?

Marty · 09:30Yeah. A a around it that hasn't changed.

Jason · 09:33Correct. So, you know, moving into migration overall to Australia. Um, so net migration overseas, um, and, and to Australia. So we actually had in the 2324, which is the latest published data I could find on the a BS. So Australian Bureau of Statistics, we had 667,000 arrivals versus 221,000 departures.

Jason · 09:55So. That net result, there was 446,000 up in population due to migration. When you then break that down or part of that, down of that 446,000, there was a touch under 200,000 that were permanent visas that were granted. Now of those numbers, nearly 140,000 of them were based on skills. So when you think of a skill stream, you gotta think, um, nurses, registered nurses, accountants, software developers, um, chefs, mechanical engineers, civil engineers, these are the skill stream where we have a shortage of people taking those jobs and applying for those jobs.

Jason · 10:33In Australia, there is a huge amount of need in those areas. So we open up the permanent visas being granted to. Other areas of the world to get people into Australia to take those jobs. So that is where the skills stream makes up 72% of the permanent visas. The other one that makes up the rest is the family stream.

Jason · 10:53So if you've got family ties to Australia where you can apply for a permanent visa under the family stream, it is to get family members over, to put the family back together. So. Of the, you know, some near, somewhat, nearly 200,000 permanent visas. Granted, I can give you the countries, um, they are touch under 50,000.

Jason · 11:15Were India, 22,000, China, 12,000 Philippines. Rounding here, Nepal, 11 and a half thousand and UK 10,000. The rest were made up of Pakistan, Vietnam, Sri Lanka, Afghanistan, and South Africa. So they're the top countries that are looking to come here and, and set up in Australia.

Marty · 11:34Geez, that's a, there's still big numbers when you think about it, like coming in every year, and I think the, I think the danger.

Marty · 11:44I just think about my own parents being migrants and coming into the seventies and just the assimilation into the Australian way of life. I feel like there's just such a volume of people coming through and it's not even like, I know it's better for the economy in regards to migrants coming in, but it's not so great for people that are already here.

Marty · 12:04Right, right. And I feel like I, I feel like. I, I just feel like there's different value systems going on, and when you're getting such a big volume of people, um. It, it's, it's opening up a can of worms for, you know, it not really going according to plan. And I think the ray is, you know, the violence coming in and, and just even those people coming in and having, um, decent jobs and being able to fit into the society with cost of living so high.

Marty · 12:36There's a lot of different things. And even it, it needs to be linked more to housing availability and logistics because again mm-hmm if we have an undersupply in housing, um, surely the. Migration's gotta be linked to what's available for them to live well here and for Australians to live well here that are already here.

Marty · 12:57And I just feel like, like why aren't people going to regional areas as well? You know? Is there no housing there? Like there, there's there. I'm not sure what the metrics are. All I'm hearing is it's volume based, based on a high level. You know, macro impact, but I think there's a few red flags when you, when you dig in under those, uh, those bigger numbers.

Nick · 13:20So you're saying that they're driving, um, what's driving immigration numbers is what they need to do for the economy, but they're not.

Marty · 13:28Yeah,

Nick · 13:29and they're obviously, they're chasing their tail, which we know with, um, infrastructure and. In particular housing.

Marty · 13:36Yeah. Well, it can make the economy look better.

Marty · 13:38Right. But it might not be solving the real, you know, problem in regards to cost of living and housing. And, and that's, that's probably my argument. Um, let's get some, you know, bring some information to the table on that from the government that, that. I think that's more important. Mm.

Jason · 13:55Well, ma Marty, what you're saying is common sense, and I'm not too sure that that exists at, uh, the, the top level of decision making, bringing in a couple of hundred thousand people, but then obviously building homes would, would be awesome.

Jason · 14:06Right? But in that list of skills, none of it was building on. You know, adding builders or skills in areas like that, that will help us with our construction needs. And if anything, the government has so many of their own projects on where it's pulling workers out of the domestic sector where you build homes and they're pulling them onto commercial, um, and public, public, uh, projects like tunnels and bridges and roads.

Jason · 14:33So we don't have the, the enough manpower to build more homes, uh, and that is part of the shortage problem.

Marty · 14:38Let's say the skilled worker, I don't know what they, they might be securing government jobs. So even the question in regards to if someone's coming in, they need to be able to earn a really good income, given cost of living standards.

Marty · 14:49And if they don't, you know, the, I mean, the price of housing is, you know, is so high. So they've gotta be able to make a life. You know, when people came from Europe in the sixties and seventies, you know, they could be earning, you know. 10 grand and it would be the equivalent to a house would cost two times their annual income.

Marty · 15:07Yeah. Right. So they could come here and flourish and actually, you know, add their skills and add to society and, you know, and then that was still tough for people that have, you know, sort of changed countries, but, but that was here they're coming in where maybe if they're earning 50,000 and a house is, you know, potentially at least.

Marty · 15:2810 times for an apartment to, you know, to that they, they're on the back foot at the start. And then I link that immediately my head goes logistically to, well, if we can't make it, you know, we've gotta grab it somehow. And that's a very, you know, that's a very terrible way to think, but I go, but. But it opens up the discussion is, could that be happening?

Marty · 15:47And you know, given what we see in the, the changing crime over the course of, and I'm not just saying it's the migrants, there's plenty of Australians doing crime too, right? So, don't get me wrong there, but it's, it's, but we have to be looking at that to make sure that when people are brought in, it's sustainable.

Marty · 16:02People can flourish. The existing population can flourish and we're not putting more pressure on a potentially broken system just to make it look good economically when it's really not. So that's, and I don't know enough about it to, to make a call on that, but I go, that's really what we need to hear from the government.

Marty · 16:22We need a bit more depth in regards to why this volume and. What, what is the tangible aspects of this volume for our, not only for this year, but for the next 5, 10, 20 years too. Yep. Might be there. I don't know. That's it.

Jason · 16:38Well, and uh, just on the numbers coming in, where they live, new South Wales and Victoria are the major two.

Jason · 16:43So of those numbers I talked about before, the 200,000, uh, permanent visas that were granted, give or take, um, 57,000, which New South Wales, 50,000 landed in Victoria. 23,000 in Queensland, 20,000 in wa. And the numbers get smaller across South Australia, Tasmania, a CT, and Northern Territory. So again, the, the booming populations of Victoria and New South Wales are copping the majority.

Jason · 17:08And then again, when you think back to it, that's often where you've got the population is where you need the registered nurses, the accountants, the chefs, the medical eng, um, mechanical engineers. The business analysts, that's where they're going to work in big cities, which is why there's not so much of an influx to regional.

Jason · 17:23Not to say that some of them don't end up living regional, but that is, uh, they're going where the skills are needed. Um, other than that, there's 207,000 student arrivals each year as part of those migration numbers. Um, and that's a temporary migration. They come in on a student visa and they're expected to leave at some point, uh, once their studies are done.

Jason · 17:44So that kind of covers numbers in. I wanted to then touch on, you know, as we said, of the above numbers that I read out, it was, uh, 667,000 arrived and 221,000 departed. So I wanted to give you a bit of a breakdown of those. Uh, 221,000 that leave. Essentially those numbers that leave are made up of the end of temporary visas.

Jason · 18:07People moving for careers, people leaving due to cost of living and housing pressures, people leaving for lifestyle and family or people leaving for tax and regulatory arbitrage. So, um, it's only recently that I've started to see this more in, in our own business as well, um, that clients are, and several, several in the last year.

Jason · 18:27And you think, you know, we're, we're not a huge firm. We're a small business. Clients that have moved to Dubai and other places in the UAE for the purpose of it's better to run a business over there. They had not enough ties to Australia to warrant them staying here. They were able to up and leave and end their domicile and tax residency in Australia, and they now live somewhere else where from a tax perspective, it is much better for them to run their business and operations overseas than being here in Australia.

Jason · 18:53And it's only recently that I've seen that more and more in my career. Whereas, you know, five, 10 years ago I hadn't even noticed it once.

Marty · 19:00That would have to be a small percentage chase though, wouldn't it?

Jason · 19:03It's a small percentage, but, but it's happening and, and as a percentage of my book of clients, as much as it's a small percentage, it's, it's still becoming significant enough for me to notice and go, oh, okay.

Jason · 19:14Yeah.

Nick · 19:14Okay. That's,

Jason · 19:15that's surprising.

Nick · 19:16I think something you need to consider though in this is, you know, the fact that. Just the exposure we've got to these other places that we never used to have. Whether it's suit through social media, whether it's, you know, just the fact that these places are more advanced.

Nick · 19:29Like 20 years ago you wouldn't have thought about moving to Dubai. No. Most people now you would. So I think, you know, even, even Bali's a great example, like you look at, look at Bali now compared to what it was even 10 years ago. It's becoming a place where many Westerners can live and you know, live like Westerners.

Nick · 19:47You couldn't do that maybe 10, 20 years ago. You could, but it'll just look very different. So. I think it's, I don't think it's all about, um, I need to get outta the country because the tax is too high and I, you know, I can't stand the protests and the crime. I think we are just more worldly now, as, as, as a people.

Nick · 20:05And, you know, it's not, it's not as, it's not as weird as it once was to go and live in another country. Um, pretty accessible these days too with flights. Um, so yeah, I don't know. You have to factor that in, I would've thought.

Jason · 20:19Yep. Yeah, definitely completely agree. And, uh, I think, uh, the other interesting one as well is the median age.

Jason · 20:25Uh, people leaving are generally a bit older, and our median age of arrivals is in the mid, mid twenties, 26 to 28, mid to late twenties I should say. Uh, what they're saying there is migration being skewed younger actually is good for the workforce because more people, more of the arrivals are participating in taxation, they're participating in the workforce, and it's actually having a positive uplift on our economy when it comes to a net impact point of view.

Jason · 20:50Um. The, they, you know, migrant migration actually plugs those critical shortages that we have. But as you said, Marty, the infrastructure, the housing and other services needs to catch up to the pace of migration. We can't just keep throwing migration and, and, you know, adding 400, 500, 600,000 new people a year into Australia without the ability to keep up.

Marty · 21:11When you say it out loud, it's, it's actually nuts. Right? Mm. Just, just dumping in another, you know, three, four, 500,000. It's, it's like, just doesn't make sense if there's nowhere to go. Uh, and that's just gonna cause uh, yeah. Massive issues. So, again, I, I got no problem. I, I want people who come into our country to flourish and I want the people in our country to flourish that, that's what I want.

Marty · 21:35And you gotta get the logistics right? 'cause if you don't. It's, it's a whole different ballgame.

Jason · 21:41Couldn't agree more. Have you, have you, maybe this is just me, but you know, the common misconception that I hear is that migration is bad for Australia. Um, that, you know, we, we bring people in, they take jobs, uh, or they get loads of government handouts while they're setting up life here.

Jason · 21:55Uh, does that misconception Sounds familiar.

Marty · 21:58It's, it's not the people's fault. It's like if they're getting handouts. Yeah. And I don't think I, like, it's always sensationalized, so as to what's, you know, what you hear and, and people get agro about, it's usually get clicks and keep me entertained on TikTok, but it's, um, but the reality is it's, um, yeah, it's probably a lot different to that.

Marty · 22:19But again, that might be the perception. And obviously with the protests going on lately, um, there's unrest. Because people are taking a position one way or the other, and that is a problem because that causes conflict as well. So yeah. I'd be interested in your thoughts.

Jason · 22:37And it was one, again, like I, I, I don't mind, uh, debunking the old myth here and the data actually shows the opposite.

Jason · 22:43So this is purely a numbers game thing. I'm not going into my own, you know, political beliefs or my own myths or, or misconceptions, but that the data shows that migration has a massive net positive impact on productivity skills and the economy overall. As I said, the the migrants coming in are of working age 26, 28.

Jason · 23:01Australians. Median population age is 39. That's median. So you imagine, as we know, we've got a lot of, you know, the, we had a Boomer app or retiree app and, and that went off. Um, we've got an aging population, so we actually need, and, and Australians. Uh, statistically we're having less babies, we're having less children, so we're not populating the economy ourselves.

Jason · 23:22So we rely on bringing in this migration to continue to populate and have with a workforce. So these new arrivals are in the workforce. They're paying taxes, as I said. And they're less likely to be drawing on pensions and aged care beyond that as well. Apart from filling those skills roles that are needed, they're actually not entitled to most Centrelink payments, um, for at least two to four years after arriving.

Jason · 23:46What they have is called a newly arrived residence waiting period. So after that two to four years, then you may be entitled to job seeker parenting payment, family tax benefit. But you're on a waiting period. Um, so again, that was something that I didn't know until kind of diving into this, that there was a waiting period.

Jason · 24:03It's not like you jump off the plane and jump onto Centrelink and, and away you go. You're part of the, the social welfare system here in Australia. But on the flip side of that, from day one, they arrive and they get a job. They're paying taxes, they're contributing positively to the economy. They're paying things that have GST.

Jason · 24:18They're paying rent to someone who, you know, has a home up for rent as an investor and they're putting fuel in their car, which gives fuel excise. So there is this positive effect on the economy that is probably under recognized. And on top of that, they're contributing to the Medicare system. You know, permanent residents and long-term visa holders still have to pay Medicare.

Jason · 24:38Some can get Medicare levy exemptions, but most of them pay the Medicare levy, um, like all taxpayers here, and even though they sometimes can't actually access it. So in summary, there. Migrants is actually contributing more than they draw from the economy. From an Australian myth busting point of view,

Marty · 24:55well, well that's great, but then you don't probably wanna be putting out announcements for a tax for an additional bedroom that's not getting used for people have been here.

Marty · 25:03Right? So you don't, that's not the marketing tactic if you are. You know, you know, that's fantastic numbers. That's more than I heard from anyone. You know, anyone from where we should be hearing it. Right. So, and I think too, the other thing we've gotta think about, and Singapore's a great example of this.

Marty · 25:23So like we talk about diversity and we have a lot of different cultures. The Singaporean system is, is fantastic. They create a system where all cultures agree to assimilate in, in order for law and order to occur. So you're not getting these hubs and pockets of people who come in naturally with different value system and different values on even to the point of human life sometimes, which is, you know, dangerous in itself.

Marty · 25:49But there's lots of different values, misalignments and systems that people believe in their own cultures, and that's fine, but that can be celebrated as long as we all assimilate into a system that everyone agrees upon. And Singapore have done that fantastically well with. Different religious groups, different types of backgrounds, um, they're, they're probably the best example of that, and it functions cohesively.

Marty · 26:14If we can do that, then that is, yeah, again, that's a, that's a fantastic thing, but I don't think anyone's even thought about that. Hmm.

Jason · 26:23No. Look, Marty, I, I think you've absolutely hit the nail on the head. I think Australia needs to look more too. Countries like Singapore that have law and order and great rules and regulations and great ways of setting things up and, and structure, um, you know, for, and I get, uh, I get obsessed with looking at the tax system, the amount of clients that'll come to me and be like, can I, can I base my business outta Singapore?

Jason · 26:44Taxes are much better there. So the fact that even having like those conversations happen quite often. So you go, there's obviously a draw card there, there's something they're doing right if it's got the attention. So why isn't Australia starting to think at government and policy level? How do we change the game to make Australia such an attractive place to be?

Jason · 27:03Not just because it's a great way of life and living, but it's a great place to run a business, to be innovative and develop new things. And to prosper that, that, and that that should be the mindset. And, and, and Singapore does it well from a tax perspective.

Nick · 27:16Yeah. And I think maybe our, not to go on a, a government rant here, but the reality is they're trying to please everyone instead of doing what's best.

Nick · 27:26Um. You know, for everyone, if that makes sense. Yeah. Trying to keep everybody happy and, uh, puts us in the position that we're in today. You know, making people move. Marty's shifted. He's moved on to the Caribbean. Marty's one enough.

Jason · 27:41Marty's one of the 142,000 Aussies that are millionaires that are leaving the country.

Marty · 27:45No one knows where I am. This is a, a fake backdrop. I've got big fences all electrified. It's, and that, and that's the sort of thing, you just don't want to have to have the psyche like, like you said, from um, you know, try and spit and gum in the street in Singapore, you get arrested. Right. There's no tolerance.

Marty · 28:04You know, we, we have a standard of society and community that we wanna uphold and we wanna be proud of that as a whole nation with all the people that are fortunate enough to live in our nation. And I think that, um, to me, the numbers that you're talking about make sense. And like I said, I've heard of first from you, uh, Jace, which is, you know, which is tremendous and, um.

Marty · 28:26Yeah, we really need to, like you said, I think you explained it well. We need to rethink this on how this could work. I don't wanna have to lock my car door driving through Melbourne and I never used to 10 years ago. Now I do, you know, now I worry about, uh, my son. I can't let my son walk down the street on his own because, or ride his bike on his own because you just don't know now.

Marty · 28:48And maybe that's just what we're constantly being fed in the media, but. We wanna, we want a safe place, not only for our kids, but for us and the next generation.

Nick · 28:58I think the reality is though, the media's been around for a long time in its current, current format, such as social media and whatnot. So there's absolutely no doubt it's gone to another level.

Nick · 29:07Yeah, a hundred percent. Um, media aside, so

Jason · 29:11well. Marty, I appreciate you, uh, sending me that Instagram pic because it sent us on this little trip down, uh, this investigative, uh, episode, so I really appreciate

Nick · 29:21it. Yeah, and thanks for joining us mate, too, from the Caribbean.

Jason · 29:24Thank you, Marty. I appreciate that mate.

Marty · 29:25I told you not to say it out loud.

Jason · 29:29Uh, the real story here though, Australia is still a migration magnet. Uh, we're bringing in skilled talent in those shortage areas. Uh, love your thoughts. If you have listened to this episode and enjoyed it or you've got a different opinion, uh, love to hear it. Comments, if you're on YouTube, subscribe while you're there.

Jason · 29:44If you're on, uh, Spotify or Apple, likewise, you can contact Marty, Nick and I on LinkedIn or Instagram or any of the things or jump on the at the Numbers game podcast and give us a follow. We'd love to hear from you. Until next time though.

Marty · 29:56They call us the lucky country. Let's not put this up to luck.

Marty · 29:59Let's make it great and do the right thing. Game over

Jason · 30:03this podcast is for educational and informational purposes only. The conversations are of a general nature and do not qualify as financial or tax advice. We recommend before you make any financial decisions, you consult a licensed professional.

Jason · 30:16Individuals on the podcast may hold positions in the companies discussed. ---