If you are an investor applying for Australian immigration then the new visa paves grand opportunities for your children.
For investors considering a property in Australia, this is high time to find one near a school.
Australia is opening doors for young students aged 6 and above to apply for Australian immigration under study visa from July 1, 2016. The visa is offered to all eligible students regardless of their citizenship. The guardians are also eligible to apply under subclass 580.
PM Turnbull announced on his recent visit to China that the investors can buy one or more properties in Australia without having a citizenship.
The Chinese international property dealer, Dave Platter reported that since Turnbull’s announcement, there has been a 20% rise in the inquiries regarding investment in Australia.
Platter manages an online portal on the subject and reported that we don’t arrange visas but provide expert advice about applying.
New student visa policy allows a candidate and their guardian to stay in Australia for duration of 2 years. The visa holders cannot work nor apply for any other visa during their stay in Australia.
A number of parents and their guardians are inquiring about the new student visa policy as Australia offers a good educational base for young students.
This increase in inquiries indicates that more and more people will be applying for Australian immigration. It will also increase the construction business in Australia since all these people will need homes for accommodation.
The areas having a school nearby will be affected more since parents will be interested in a property that is near a school. This indicates a rise in property investment in Australia.
The average purchase price in New South Wales recorded to have additional surcharges for stamp duty and land tax. These additional charges were recorded to be $50,000. Till now Victoria was leading the property prices. New South Wales is second on the lead. The house pricing in other areas is also increasing day by day.
The average house price in Australia has already reached around $1 million.