Can I immigrate if I buy a house in Australia?

The long-established major investor visa (hereinafter referred to as SIV) and the new high-end investor visa (hereinafter referred to as PIV) have brought effective ways for high-net-worth international investors to obtain permanent residency in Australia; They require investors to make major financial investments in venture capital and private equity funds.

SIV is mainly for those who want to maintain business contacts and investment activities in Australia. The conditions of SIV have changed. Foreigners must invest 5 million Australian dollars in Australia for at least 4 years before they can apply for a permanent visa. According to this clause, overseas buyers can invest in real estate projects alone as long as they meet the requirements for foreign investment, but the real estate they buy cannot be counted as investment projects with visas. Without the invitation of the Australian Trade Commission, China buyers cannot apply for SIV themselves. The Australian Trade Commission is an institution affiliated to the Australian government, state government or regional government.

PIV attracted a few elite entrepreneurs to Australia on 20 15, and their skills and talents brought long-term economic benefits to Australia. PIV requires a minimum investment of150,000 Australian dollars and a period of 12 months before applying for a permanent resident visa. Similarly, foreigners cannot apply for PIV themselves without the invitation of the Australian Trade Commission. PIV is not concerned with the accumulation of personal wealth, but with their talents and long-term economic benefits to Australia.

For China people who live in their own countries, and China people who hold permanent residence, temporary residence, tourist or student visas in Australia, Australia has also introduced different housing purchase policies accordingly.

All China buyers who are not Australian residents must submit an online application to the Australian Foreign Investment Approval Committee, an Australian government agency, before buying a house in Australia. If the developer has been approved to sell the house to overseas buyers, it is an exemption.

Generally speaking, China buyers can buy brand-new houses and apartments, buy land for construction projects, and use vacant lots and second-hand houses for reconstruction. The Australian government hopes to increase the number of domestic houses through overseas investment, so foreign buyers generally can't buy second-hand houses unless they are demolished and rebuilt into multiple houses (additional approval is required).

Further reading: the cost of living in Melbourne and Brisbane

The cost of living in Melbourne

Melbourne is a city with reasonable consumption value, high living standard and many accommodation environments. Your living expenses depend on your lifestyle. But I suggest that you have at least 12000 Australian dollars a year to pay for your living expenses. If you want to share a house with friends, you need nearly 2,000 Australian dollars to pay the first month's rent and deposit, household necessities and telephone, water and electricity costs. The usual expenses (weekly) are $65,438+$020 for rent (about $480 for deposit), $65,438+$000 for food and daily necessities, $25 for transportation and travel, $25 for telephone calls, $20 for gasoline and electricity, $40 for personal expenses (such as clothes and entertainment) and $80 for living expenses. You can buy fresh food at reasonable prices in any supermarket in Melbourne. Cheap clothes and personal belongings are also easy to buy. Food costs about $80 a week. The following is the price guide for purchasing basic food and personal items: milk $65,438 +0.50 bread $2.00 apples $2.00 potatoes $65,438 +0.50 steak $65,438 +03.00 a dozen eggs $3.00 cereal $2.50 juice $3.00 personal items/services.

The cost of living in Brisben

Brisben is the third largest city in Australia and the capital of Queensland. Brisbane, with a population of1500,000, is not only a favorite holiday destination for Australians, but also a popular choice for international students and backpackers. Rent 100 USD (deposit about 400 USD), food and daily necessities 80 USD, transportation and travel expenses 20 USD, telephone call 25 USD, gasoline and electricity 20 USD, personal expenses 60 USD and living expenses 60 USD. Based on the consumption situation of the above cities, it is suggested that travelers who want to live or study in Australia should bring at least 2000 Australian dollars in the first month.