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The ruling Liberal coalition is set to win the Australian Federal election despite having unfavorable pre-vote opinion polls. That would most likely mean that the existing immigration policy will hold.
Wondering whether labor party would have been better for immigration? Liberals have cut down the number of intakes.True. But it's a big win for ScoMo, nobody is going to challenge him, at least in the near future.
Must worry if Dutton becomes their Prime Minister.
Well, traditionally labors are more lenient towards immigration.Wondering whether labor party would have been better for immigration?
I think the government will continue to take a similar path it has been taking in the last few years. So, I don't think it's going to be easier with time.As much as I dont know about Australia politics atm, how do you see impacting the current election results on immigration policies and upcoming laws/regulations for new immigrants
For migrants, where our first home in Australia will probably be a rental, labour losing is a good thing. They were planning on removing reverse gearing, which would mean a raise in home rental prices. So in that sense, I am relieved.
As a new migrant, even with the lowering of deposit to buy a house, most of us will take a while to find a full-time job to be eligible for a mortgage. That means rental for at least the interim. Rental prices are extremely high, but fortunately with reverse gearing still in play in the foreseeable future, rental won't sky rocket at a faster pace.Home rental prices are always rising... But good that the previous government continues....
the policy of 5% deposit (which is 20% now to avoid LMI) on home loan for first home buyers will be a relief for all new migrants.
they can own a home quickly rather than shelling the money towards rent.
As a new migrant, even with the lowering of deposit to buy a house, most of us will take a while to find a full-time job to be eligible for a mortgage. That means rental for at least the interim. Rental prices are extremely high, but fortunately with reverse gearing still in play in the foreseeable future, rental won't sky rocket at a faster pace.
If I get through the process, I’m headed to ACT. Rental is so expensive there. We did consider pouring most of our savings into buying a place upfront. The pro is the money not going into a black hole. The con is we can’t afford a home in the area we like and it isn’t a house. It would be a unit. So we decided to rent if we get through. Then the remaining savings can go into a decent down payment for a home with a lower mortgage when we secure a job. Hope we are thinking this through correctly
@PK-Adelaide: Will the change effect those who are in the process already.