Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 7 July 2016

Record interest: "Student visa Australia"

Spike in visa searches

Perhaps not that big a surprise - there has been a record spike in internet searches for student visas in Australia since rules were relaxed, effective less than one week ago on 1 July.

The most significant recent change for Australian demographics will be the record boom in international students, since this will in turn lead to higher permanent residency uptake.

The government has announced that effective from 1 July 2016 that there are a series of important changes to the student visa programme.

There is now only be one visa class only for international students, subclass 500, and under the new streamlined process three quarters of applications will be waved through in less than one month.

International students with the requisite funds or income and English language skills will be able to apply for the new visa, including Primary School student applicants (from the age 6 or above) and their guardians or family members.

This represents a very significant shift in policy.

The rules have also been relaxed with regards to course duration and immigration risk assessment.

As a result of the new changes, there could potentially be a huge increase in the number of Primary School age Chinese students and their guardians, with many ultimately going on to become Australian citizens.

With a combined population of about 2.7 billion or so, there is boundless potential for uptake from China and India in particular.

I wrote in a bit about more detail what the new visa rules will mean for rebounding population growth in Australia here