Applications for Australia’s Golden Visa Down 72% From Peak As Chinese Lose Interest

Applications to Australia’s Significant Investor Visa (SIV) program has fallen from an average of 46 a month during the 2015/2016 fiscal year to just 13 a month between July 2017 and January this year. Driving the collapse in demand are tighter regulations and competition from European programs. In its first three years, Australia granted an average of

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Chinese spent A$150M a month on Australian investor visas in last 4.5 years

Fresh figures from Australia’s Department of Immigration and Border Protection show that since its beginning less than four and a half years ago, the Australian Significant Investor visa program has received capital investments amounting to AUD 8.89 billion. Mainland Chinese applicants accounted for 88% of the 1,778 visas granted in the period from November 24th 2012

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