One Pressure That Is Not Reducing
Student immigration isn’t slowing down and a large number of those arrivals end up staying here permanently.
Plenty of those arrivals will end up as residents…education arrivals breaking records pretty much every month pic.twitter.com/Uwv1PIo1Km
— Pete Wargent (@PeteWargent) July 14, 2017
Student immigration is at long term highs which keeps the pressure on house prices. Firstly because a large percentage of those students will remain in Australia on other visas once they finish study. Secondly because of the propensity for their parents to buy investment property for them to live in while they are here.
Student Immigration Rising But General immigration Is Steady
General immigration is flat even reducing compared to student immigration. Most new immigrants gravitate to their established communities further reducing affordable housing in Australia. The Sydney and Melbourne hotspots suffering the worst effects.
Student immigration visas are being streamlined from July 1st 2017 so who knows what affect that could have on the property market.
Australian study visa application made simpler from July 2017 – Study International
Effective July 1, 2017, there will only be a single Student visa (subclass 500), regardless of the applicant’s chosen course of study. The SSVF takes effect from July 1, 2017, where there will only be a single Student visa (subclass 500), regardless of the applicant’s chosen course of study. Previously, there were seven types of Australian student visas – 570, 571, 572, 573, 574, 575 and 576 – which depended on the applicant’s level of study, whether it is high school, higher education, vocational education, English language or PhD.
“The changes are made to simplify the student visa framework for the students,” says Gagan, an education counsellor at overseas education consultancy Edwise.
A single immigration risk framework will now apply to all international students. Australian study visa application made simpler from July 2017 – Study International