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Australian Significant Investor Visa Reform is Encouraging

April 2015, 20
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Australian Significant Investor Visa Reform
DIBP (Department of Immigration and Border Protection) recently promulgated in a statement that they are going to postpone the SIV (significant investor visa) programme until 30 June 2015 and introduce a new plan on 1 July. All the overseas applicants who nominate their application under the new scheme will be subject to fulfill the new norms of the investment framework. This major initiative is the most recent plan that is in the line of steps targeted at cooling that possessions market. Few of the concerned officials of the country are going to take many major moves such as confines on investor lending and clamp down on overseas buyers to surge the nation’s economy. Moreover, sources of the country further added that the reducing of a domestic property market made Melbourne and Sydney to see a good rise in the economy. 

All the new amendments pushed productive investment in advance to the investment of dead housing that is constrained to 10 percent of the portfolio. Wider advancement to the investment in housing is still under examination with all the submissions to close on 20 March. Launching date of the new regime is not yet disclosed. 

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