Australia Citizenship And Residency

[jason51]

According to recent studies, the economic impact of such programs is often overestimated. Australia might be reconsidering its strategy.

 

[mattm]

As someone who went through the process, the uncertainty can be quite stressful. Hope they clarify things soon.

 

[adamhholmes]

Breaking news: Australia officially scraps its residency by investment program after a government review in 2023.

 

[steven.harrington]

The decision was based on the program's unsatisfactory economic rewards. A significant shift in policy indeed.

 

[jennifer.javier]

What about the backlog of applications? Any news on that?

 

[mike1985]

This is bad news for investors. Australia is losing out on a lot of potential capital.

 

[keith]

The backlog issue remains unresolved. Over 20k applications are still in the queue.

 

[cmarchan]

thiS is UnfAir for thoSe who havE been WaitinG for years!

 

[vivienne]

So, no more investment visas? That's it?

 

[petter]

So, no more investment visas? That's it?

Seems so. But they might introduce a new program in the future. Let's see what happens.