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By Dejan Pekic BCom DipFP CFP
Senior Financial Planner

Update- Australian Immigration Policy

If you are a foreign national prepared to invest $5m in Australia then you can now qualify for a Significant Investor visa.

There is no need to satisfy the innovation points test or to speak English, just bring money to invest.

Fast tracking wealthy foreigners will certainly open new business avenues and create more employment opportunities which are extremely beneficial but it will come at the cost of crowding out more existing Australians from being able to afford to purchase property in desirable suburbs.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at ww.newealth.com.au or to call me on +61 2 9267 2322.



22nd-February-2013
 
        
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