High Demand For Australian PR by Investment
Australian Investor Visas From AUD $595,000
The limited number of available places are likely to become oversubscribed much quicker than expected as the USA has just increased their minimum investment to secure a Green Card from USD $500K to USD $900K. Making Australia an even more attractive option. Australia's low cost of entry and faster processing times means those Hong Kong and Chinese investors looking for a "life raft" are flocking to invest in Australia, in record numbers.
While opportunities remain available, we now believe it is only a matter of time before Australia follow the USA in increasing the minimum investment required.
New From Other Investor Streams
Australia is seeing an increase in interest in its investor visa programmes from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters.
The New South Wales state migration department “has noticed a significant increase in applications” from Hong Kong in recent months, it said in a letter to agents this week, and seen by Reuters.
The interest has coincided with the “beginning of the current unrest in Hong Kong”, the department said, referring to a A$5 million ($3.4 million) Significant Investor Visa (SIV) program that provides direct residency to applicants.
Haskew Law, has seen a significant rise in applicants for all investor visa classes including the A$5 million SIV program.
“There definitely has been an uptick in the number of SIV applications from Hong Kong and across China”
“Anybody who can make an alternate plan is now trying to do so.”
Protests in the former British colony erupted in early June over a now-suspended bill that would have allowed criminal suspects to be extradited to mainland China for trial.
The unrest has been fueled by broader worries about what many say has been an erosion of freedoms guaranteed under the “one country, two systems” formula put in place when Hong Kong returned to China in 1997.
Australia’s New South Wales treasury department confirmed that the immigration team’s letter was sent out to migration agents on Monday but declined to provide any further details, saying only that the increase was off a small base.
In the letter, the department assured agents it was committed to providing “appropriate support” to help them discuss migration options with their clients.
The Investor visa programmes remains hugely popular with people from China.
The Significant investor Visa now requires at least 40 percent of the A$5 million to be invested in small-cap and venture capital (VC) funds while direct real estate investment is barred.
Data on applications received or visas granted in recent months was not available as Australia publishes these figures only annually.
According to the latest data, China accounted for 87% of the 2,022 Significant investor visas granted between November 2012 and June 2018 while Hong Kong stood a distant second at just 3.2%.
Juwai.com, China’s largest international property website, had seen “some increase” in demand for Sydney property by Hong Kong buyers since the unrest began, Executive Chairman Georg Chmiel told Reuters in an email.
“Purchasing real estate is not the first step in coming to this country. More important is to obtain legal residency,” Chmiel said.
“Over the next two to five years, there could be a substantial impact on the property market as these individuals look to settle down and purchase, but for now, it is too early for that.”
Do You Remember When
emigration was simple...
Investor visas increase in demand
Name: When will the cost of entry increase?
Australia is now facing a golden opportunity to cash in on those willing to invest to secure a better life overseas.
As the USA increase their minimum investment required to secure residency, it is now only a matter time before Australia and other nations follow suit.
Is the cost of emigrating going to soon prohibit all but the wealthiest investors?