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What is the State of Australia’s Economy?

One of the visa options available for individuals hoping to immigrate to Australia is the Australian Business Visa. The Australian Government’s business skills entry schemes aim to attract people with proven experience and skill in business, senior business management and investment. The aims are state development and wider economic benefit to Australia. Click here to find out what the requirements for this visa are.

When considering such a move, one first needs to consider the Australian economy and weigh it against that of South Africa. You have to ask yourself – will I benefit from moving to Australia? Many critics have been publishing a very negative outlook for the Australian economy and we urge you to do independent research into this topic if you are considering an Australian Business Visa.

Let’s start off by saying that the Australian economy is currently growing at a rate that is similar to their long-term average. In the last year the GDP grew by 3.1%. This is the 32nd consecutive year of expansion. It is one of the most resource rich countries in the world with agriculture and mining making significant contributions to the economy.

The outlook for the housing and construction market seems to be positive as construction approvals have been increasing in recent months. There are many benefits to investing in Australian property. The Australian Government has created a National Rental Affordability Scheme (NRAS) (NRAS) and are paying investors of these properties $10,350 TAX FREE. This is just one investment opportunity, contact us to talk about your other options to invest in Australian property.

Australia is still considered the lucky country and choosing to migrate there is a decision that will no doubt benefit you and your family. If you’re interested in applying for an Australian Business Visa, but not sure if you qualify, click here for our FREE online assessment. We’ve assisted many individuals in the past and look forward to helping you migrate to Australia.

*Migrate 2 Oz is not an authorised financial institution and therefore cannot give investment advice. Always do your research and consult a professional before making any investment decisions.

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