Well it could be - but the leaves are pretty pale, maybe its short of nitrogen.

Could it be Drimys? The red stems are like the ones on mine.

It's not drimys lanceolata - this one shows its veins in the leaves

Mm...well perhaps it is Arbutus then. It just looks wrong to me...the habit doesn't look right somehow.

It just reminds me of the young growth of Arbutus that grows from the base of a cut down tree

Blimey, I hope its not Arbutus (though I think it is too), its already hard up against that fence...

Yes, it would need moving.