Success of Migrants - McCarthy Group Success of Migrants - McCarthy Group

A few weeks ago our founder Stephen McCarthy visited the USA to take part in an international marketing conference. While he was there, Stephen recognised some similarities between the conditions in Australia and those of the States, past and present. This is the final article that he wrote, this time about the success of migrants.

I’m currently standing in Battery Park looking out across Upper Bay to the Statue of Liberty. This colossal structure really does capture the imagery of freedom and international co-operation, something that the United States has embodied for centuries (perhaps more so in the past though).

It’s a heart warming thing to imagine, that after the war had ended, so many European immigrants got to see the outstretched arm of lady liberty, a warm welcome to a new home after such a terrible conflict.

ghgh

There are significantly worse things to see when entering a new country.

Over the years, there have been so many instances of refugees and immigrants coming into a new country and becoming wildly successful. It could be because of a greater understanding of the opportunities open to them, or perhaps a greater level of importance that parents put into preparing their children in a new country. Whatever the cause some of the greatest success stories have come from those who become a part of a new country; think Nikola Tesla, Sergey Brin, Charlize Theron even.

South Africa's greatest export?

South Africa’s greatest export?

Of course I can’t just talk about these success stories without tying it together with some talk around investment properties though, so here we go.

Success doesn’t just come from keen ideas. Yes, that is a massive part of it, but ultimately it comes down to the options available to you. Consider Sergey Brin, co-founder of Google and now one of the richest men in the world. If Brin’s parents didn’t have the resources to put him through Stanford, then it is entirely possible we would be without the most popular search engine in the world.

PACKAGE: File images of Google Glass as it is questioned by privacy officials from seven nations

While he may be a genius, I do have my doubts about Google glass

When people come to a new country whether they are forced or voluntarily move, they of course need a place to live. Unlike established Australians however, immigrants have a stronger need, a stronger drive to establish themselves within their new home. Property is something very tangible that can be extremely reassuring to somebody entering unfamiliar territory. The benefits of this are two-fold, local investors can sell or rent their existing properties to these new-comers and we get more individuals working, buying, contributing to the economy and the culture.

If we look at the statistics, there are 6.6 million Australians who were born overseas, a massive 28%! All of these people are buying local products, using local services, renting and buying property. They are contributing to the economy, just as all of us are. Not only that, they bring fascinating foreign cultures, which enhance Australia’s international image, bringing in tourists who regard Australia as one of the most multi-cultural nations in the world.

Excited Female Shopper With Sale Bags In Mall

So bring on migrants! The economic impacts alone are a fantastic asset to Australia

Not only this, but as property investors we can determine the impact on rental numbers that migration has. From census data alone we can assume at the very least 200,000 extra renters from migration in 2006. Imagine what those numbers would be now!

In any case, if you would like to know more about property investment and the impact that migration can have, give us a call on 1300 850 318. Or click the link below!

Get Started!

Kind Regards,

Stephen McCarthy
CEO McCarthy Group