According to recent studies, the economic impact of such programs is often overestimated. Australia might be reconsidering its strategy.
 
As someone who went through the process, the uncertainty can be quite stressful. Hope they clarify things soon.
 
Breaking news: Australia officially scraps its residency by investment program after a government review in 2023.
 
This is bad news for investors. Australia is losing out on a lot of potential capital.
 
The backlog issue remains unresolved. Over 20k applications are still in the queue.
 
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