SIV update from Ord Minnett

Ord Minnett's SIV complying portfolios with their performance to the end of the financial year can be found here:

NSW

Ord-Performance-NSW-1-year-to-30-June-2014.pdf

VIC

Ord-Performance-VIC-1-year-to-30-June-2014.pdf

With today’s release of data on the accelerated decline in Chinese property prices, further diversification across different asset classes in Australia makes sense.

We have noticed many early investors who have invested 100% into the state government bonds are unhappy with the low returns and seek our help to redeem and diversify into safe, higher returning investments including fixed interest, property and equities.

The table below shows DIBP's statistics since commencement of the SIV on 24 November 2012 until 31 July 2014.

Item	Total
Expressions of Interest (EOI) submitted through SkillSelect	1582
Invitations to apply for a SIV issued as a result of applicants being nominated by a state or territory government	1312
Primary applications lodged	1095
Primary visas granted	343

As of 31 July 2014:

· 46.2% of primary visa applications have been on hand for less than three months

· AUD1.715 billion has been invested in Complying Investments

· AUD3.010 billion is proposed to be invested in Complying Investments.

The table below shows the state and territory distribution of the SIV.

Significant Investor visa: State and territory distribution - 24 November 2012 - 31 July 2014

State	EOIs submitted	Invitations	Applications lodged	Visas granted
Any	35	N/A	N/A	N/A
ACT	4	0	0	0
NSW	533	420	352	126
NT	1	0	0	0
Qld	101	77	61	21
SA	39	34	24	9
Tas.	3	1	1	0
Vic.	810	733	620	171
WA	56	47	37	16
Total	1582	1312	1095	343

The table below shows the distribution of primary visa applications and visa grants for the top five source countries for the SIV.

Applicants for top five source countries	Percentage of total visa applications	Grants for top five source countries	Percentage of total visas granted
China	90.8	China	87.4
Hong Kong	3.1	Hong Kong	2.6
Malaysia	0.9	South Africa	1,7
South Africa	0.7	Japan	1.4
United Kingdom	0.6	Malaysia	1.2

The table below shows the state and territory distribution of SIV for the 2013-2014 financial year.

Significant Investor Visa: State/territory distribution - 1 July 2013 – 30 June 2014

State	EOIs submitted	Invitations	Applications lodged	Visas granted
ANY	13	N/A	N/A	N/A
ACT	1	0	0	0
NSW	287	209	198	101
NT	0	0	0	0
Qld	54	36	33	19
SA	25	28	20	8
Tas.	1	1	1	0
Vic.	582	517	452	140
WA	29	24	18	14
Total	992	815	722	282