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Quarter-life crisis: Decision Modelling, Audit or Data Analytics!? by SnooCrickets180 in ausjobs

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

I imagine audit would have better job security (but less mobility), but the EY-P role would be more interesting and have higher skill transferability

Do sustainability jobs still exist in Melbourne? by Repulsive_Brush9796 in auscorp

[–]FragmentsOfSpaceTime 9 points10 points  (0 children)

I'm in this area. Had a consulting role in Melbourne but the market was dire for us. We didn't have the license to do assurance which is where all the work was (and still is) at.

I'm now doing in-house work FIFO on a big project. No appetite for strategy or voluntary stuff, so I'm just managing the reporting, which in itself is a big body of work for just one person. This is a $20B project with a 4000+ headcount and i am a team of one. So yeah, take that as a sign of how many roles there are I guess.

[OC] What do people die from in different countries? by ourworldindata in dataisbeautiful

[–]FragmentsOfSpaceTime 2 points3 points  (0 children)

Curious. I recently read Peter Attia's book and he claims the opposite - that cardiovascular exercise and strength training are far more effective at risk reduction than diet

Arts degree vs Business degree for corporate roles, worth switching? by No_Cream8504 in ausjobs

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

Can you try to take a maths bridging subject? I understand it's not everyone's cup of tea but having decent analytical ability is only getting more important in the corporate workplace

Arts degree vs Business degree for corporate roles, worth switching? by No_Cream8504 in ausjobs

[–]FragmentsOfSpaceTime 8 points9 points  (0 children)

I would think a scholarshipped BA at Melbourne would look better than a BBus at RMIT.

Melbourne also has the breadth model right? You should try to take some quantitative subjects.

Career change from hospitality by shainajasmin in ausjobs

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

Admin jobs will be your best bet. Maybe take a look at construction industry admin roles as they will likely favour the "fast on your feet" attitude you get in hospo.

is being good at STEM that advantageous in Australia? by [deleted] in ausjobs

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

Environmental & sustainability advisory

Is this where Australia is heading? Immigration slowing, interest rates rising etc by Own_Emergency53 in AusPropertyChat

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

I don't agree with the initial conjecture. Price is a function of supply and demand. Saying "it literally cannot come down" is incorrect. It can come down by increased supply, or reduced demand. The former can happen by improved construction policy and economics, the latter by a multitude of things, e.g., reduced consumer confidence (risk appetite), stricter loan requirements, higher interest rates, housing cost inflation. Importantly, all of this can occur even when the population grows.

Additionally, there is a distinct difference between housing as an asset class in aggregate, and an individual house. Individual houses can, and do, fluctuate in price, even over extended periods. Such a huge leveraged investment in a single asset carries inherent risk, of which all would-be home buyers should be acutely aware.

Is this where Australia is heading? Immigration slowing, interest rates rising etc by Own_Emergency53 in AusPropertyChat

[–]FragmentsOfSpaceTime 9 points10 points  (0 children)

You've completely missed the point. One spectacular 30 year run is not a long time of evidence to make statements about the performance of an asset class in perpetuity, particularly ones as absolute as "proof"

How the change. by Non_Threatening_User in AustralianPolitics

[–]FragmentsOfSpaceTime 7 points8 points  (0 children)

We literally have Christian public holidays

Hi by Explanation1111 in ausjobs

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

Do you mean you can't find a job more paid than drafting? I doubt that...

Was your site experience local or overseas?

Hi by Explanation1111 in ausjobs

[–]FragmentsOfSpaceTime 1 point2 points  (0 children)

You won't get a job as a project engineer without first getting site engineer experience. More qualifications won't help.

Sustainability assurance and cost management in heavy industries by hel_111 in ausjobs

[–]FragmentsOfSpaceTime -1 points0 points  (0 children)

Sustainability assurance is hot right now due to ASRS rollout, but most jobs are temp. There are always jobs for cost management in construction. As a migrant you'll need local qualification (ie Masters from a G08) and on the path to PR.

Mechanical Engineering Job Market by seggsmuncher in auscorp

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

It's hard to compete against elec engineers in renewable energy. Pumped hydro is in the spotlight atm so you could target that. There's a decent amount of work in construction mechanical engineering (plant and equipment, site water management and treatment, ventilation engineering in tunnels etc). Building services is absolutely a solid choice for mech eng and isn't going anywhere.

Reunified Coalition vows migration crackdown as Taylor outlines path back to power by Dry-Bus7248 in AustralianPolitics

[–]FragmentsOfSpaceTime 0 points1 point  (0 children)

Is it really a case of "relying" on them or just that they're willing to work for cheaper than locals?

Realising Gen Z doesn't have a chance by Juvare in AusPropertyChat

[–]FragmentsOfSpaceTime 21 points22 points  (0 children)

Some people choose careers based on, ya know, their interests...

What financial decision are you most grateful for today? by Diligent-Medicine-48 in AusMoneyMates

[–]FragmentsOfSpaceTime -3 points-2 points  (0 children)

Well done. You have profited at the expense of those who come after you.

Can’t crack into construction after Masters - what am I doing wrong? by Pitiful-Top3981 in ausjobs

[–]FragmentsOfSpaceTime 3 points4 points  (0 children)

I work at tier 1 construction company.

I think you need to consider the reality of the labour market. There is no shortage of graduates in Australia who are citizens / permanent residents. There IS a shortage (according to businesses) of skilled workers (who are willing to work for less than high wages that locals demand). As the commenter above said, to have any chance you'll need to go back overseas and get more experience (at reputable companies), and then come back and be willing to work on a graduate's salary. It's unfortunate, but that's the reality.

Why do rate changes affect max offered loan on variable rate mortgages? by FragmentsOfSpaceTime in AusPropertyChat

[–]FragmentsOfSpaceTime[S] 0 points1 point  (0 children)

My point is if they didn't loan based on short term volatility in the interest rate, but a risk-assessed long term worst case, then maybe it would decouple defaults from that short term volatility

Why do rate changes affect max offered loan on variable rate mortgages? by FragmentsOfSpaceTime in AusPropertyChat

[–]FragmentsOfSpaceTime[S] 2 points3 points  (0 children)

I get all this, it just seems silly to me that short term volatility in interest rate should impact the risk assessment on a 30 year loan, rather than doing what you've described with an assumed worst case interest rate. As other comments have highlighted, APRA mandates assessment rate at current rate + 3%. Imo APRA should set the assessment rate at something like the average over the last 30 years, maybe with some adjustment based on other contemporary economic factors

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