Recent developments in Australian law means that from today immigrants in Australia that hold 410 visas will be able to work without restriction. From today the cap will be lifted that only allows immigrants who hold 410 visas to work for twenty hours or less.
The consequence of uncapping the limit will mean that many people who migrate there will now be able to generate more money, surely influencing people to take the plunge and move there.
David Redfern, Managing Director of DSR Asset Management Ltd. commented that, “this is a very exciting development. The Australian government have until recently been perceived as too stringent on immigrants, but we can see things are becoming much more relaxed, this can only be good for the property market as more people are encouraged to move there.”
Australia’s property market is already very strong and stable, and provides an excellent low risk environment for the prospective investor. These developments are certain to add to the strength of the property market, and to the lucrative nature of existing investments.
DSR Asset Management Ltd. has some excellent opportunities to invest in South East Australia at Echo Beach, one of the most stable property markets in Australia, and the entire world. The news of the visa law changes which take effect as of today makes these opportunities even more desirable and sensible.
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