System Message:

Australian Immigration Daily News

Breaking Australian immigration news brought to you by Migration Alliance and associated bloggers. Please email help@migrationalliance.com.au

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form
Recent blog posts

Posted by on in General

Seats are still available for “TOEFL Insights for Agents”, a workshop for migration agents and migration lawyers to help them stay informed about the choices of English-language tests for skilled migrants. The sessions are led by TOEFL® test experts Helen Cook and Cath Moore from ETS Global.

The free, two-hour session is being offered in Sydney on May 2, and in Adelaide on May 16.  Further sessions for other locations are planned later in the year.

The session is designed to:

...
Continue reading Last modified on
Hits: 153 0 Comments
Rate this blog entry:
0

Posted by on in General

The Migration Alliance has learned that Angela Julian-Armitage, the President of our sister organisation, the Migration Institute of Australia, appeared on the national ABC news on 20 April 2017 and has said that she "doesn't have a big issue with the changes" and that the changes amount to no more than "re-branding" and "shoring" up of the temporary skilled migration programme.

It should be noted that during this interview, Ms Julian-Armitage was apparently speaking in her official capacity as the President of the MIA, and was not stating her personal views.

If you'd like to see the full interview you can watch it on You Tube through this link. 

...
Continue reading Last modified on
Hits: 2736 22 Comments
Rate this blog entry:
8

Posted by on in General

Nexus Partners provides an alternative to traditional mortgage broking to assist Migration Agents and their clients with debt solutions.

We can provide access to a range of lenders who can lend to temporary & permanent visa holders, as well as Australian citizens residing overseas.

  • Do you have a debt solution in place to assist your clients currently?
  • Are you receiving the majority of the commission revenue made available by the banks?
  • Do you have access to a range of lenders who can help your clients?
  • Can you help your clients with both a residential and commercial debt solution?

If you answered ‘No’ to any or all of these questions, Nexus Partners can help.

...
Continue reading Last modified on
Hits: 166 0 Comments
Rate this blog entry:
0

Posted by on in General

The Liberal government seems to be overhauling everything and anything with the word “Immigration” attached.  Just when we all thought it couldn’t get any more interesting, changes to the Australian Citizenship requirements as well as general eligibility were announced!  

By way of background, initial discussions earlier this year seemed to indicate that the proposed changes to Australian citizenship eligibility would likely be implemented at some stage this year. These changes were originally scheduled to come into effect on or around December 2017.  We now have access to new citizenship requirements which are published on the Department of Immigration and Border Protection’s website with immediate effect.

Changes include:

...
Continue reading Last modified on
Hits: 2175 13 Comments
Rate this blog entry:
3

Posted by on in General
● A foreigner stamp duty surcharge applies to properties purchased in VIC, NSW and QLD
● It's not yet clear if other states will follow
● Some foreigners and temporary Australian residents may be able to avoid the additional costs
 
21 February 2017, Sydney, Australia - The Australian government has been forced to turn up the heat on foreign investment and slapping temporary residents with a stamp duty surcharge is the latest addition to their toolbelt.
 
Victoria (VIC) was the first state to introduce a stamp duty surcharge but, since then, New South Wales (NSW) and Queensland (QLD) have followed suit.
 
For the time being, surcharges on stamp duty or land transfer duty only apply to these three east coast states.
 
However, depending on your circumstances, you may still be able to avoid the additional stamp duty.
 
Stamp duty surcharge in VIC
 
It applies if:
 
● You’re a foreign citizen or a temporary resident
● You signed the Contract of Sale after 1 July 2015.
 
How much is it?
 
Prior to the additional stamp duty changes that came into effect on 1 July 2015, duty in Victoria was applied on a sliding scale, starting at 1.4 per cent for properties valued at $25,000 and rising to 5.5 per cent for those valued at $960,000 and above.
 
These rates still apply but the SRO Vic now charges an additional duty of 3% of the property value for contracts signed between 1 July 2015 and 30 June 2016.
 
That means a 7% additional land transfer duty applies to all property purchased from 1 July 2016 onwards.
Luckily, a surcharge only applies to stamp duty and not land tax.
 
The only exception to this is the so-called absentee land tax surcharge which increased from 0.5% to 1.5% on 1 January 2017.
 
This applies to absentee owners of land.
 
Case study
 
For an $800,000 property in Victoria, the normal stamp duty is $43,070.
 
For foreigners and temporary residents, your stamp duty now shoots up to $99,070 for the same property. That’s $56,000 more!
 
Be sure to check the State Revenue Office Victoria (SRO Vic) for more information.
 
Stamp duty surcharge in NSW
 
A stamp duty surcharge applies if:
 
● You’re a foreign citizen or a temporary resident. 
● You signed the Contract of Sale after 21 June 2016.
 
In addition to the additional stamp duty, an extra land tax duty applies to purchases made from 1 January 2017.
 
Neither surcharge applies if you're buying a commercial property such as a retail shop front or office space.
 
How much is it?
 
In specific circumstances, a 4% stamp duty surcharge and a 0.75% land tax surcharge applies.
 
Case study
 
Previously, stamp duty on a $800,000 property for both Australian citizens and temporary residents would have been $31,490.
 
Temp residents now have to pay up to $63,490, a $32,000 increase.
 
It's best to check out the NSW Office of State Revenue website to stay on top of any further changes.
 
Stamp duty surcharge in QLD
 
It applies if:
 
● You’re a foreign citizen or a temporary resident. 
● You signed the Contract of Sale after 1 October 2016.
 
How much is it?
 
A 3% stamp duty surcharge applies.
 
Case study
 
Previously, stamp duty would have been $21,850 for an $800,000 property in QLD.
 
You’re now paying $45,850 which is a $24,000 increase.
 
You should refer to the QLD Office of State Revenue website for more information.
 
How else can I avoid extra stamp duty?
 
The extra stamp duty or land tax surcharge doesn't apply in the following circumstances:
 
● You’re an Australian citizen.
● You're an Australian citizen living and working overseas (an Aussie expat).
● You're a permanent resident.
● You're a New Zealand citizen on a Special Category Visa (subclass 444).
● You're buying in the name of your spouse is an Australian citizen or permanent resident.
 
If these options don't apply to you, the other two solutions are to:
 
● Purchase in a state that doesn't apply the extra stamp duty surcharge.
● Wait until you become a permanent resident.
 
Author: homeloanexperts.com.au
 
 
About homeloanexperts.com.au
 
homeloanexperts.com.au is one of Australia’s leading specialist mortgage brokers.
 
Founded in 2006 by managing director Otto Dargan, the brokerage specialises in no deposit, unusual employment, non-residents and bad credit, as well as first home buyers, investors and discounts for professionals.
 
With a loan book of more than $1 billion, homeloanexperts.com.au has won a number of industry and consumer awards including being named one of the top 10 independent brokerages of 2014 and winning ‘Best Customer Service’ in the 2015 and 2016 Better Business Awards as well as the ‘Major Brokerage Of The Year - Non-Franchise’ in the 2015 Australian Broking Awards. 
 
a1sx2_Original1_Otto_OrgBG_Color_3_1200x1800.jpg
 
 
Last modified on
Hits: 546 0 Comments
Rate this blog entry:
0