pazza

[B]

Hi everyone..

I've read a few threads about the $100.000 investment for a minimum of 12 months.
Would i be wrong in thinking, that if i paid a great amount of deposit for a house, or the whole amount (no mortgage). Would that be classed as investing in the Australian government/economy ?

I'd appreciate any light on the subject please !!

Cheer's, Paz........

ps. We're planning to go on a East Coast Exployer in August.
Starting with Cairns, then Brisbane, then ending up in Sydney for the final 7 days.
Is anyone familiar with housing estates for young families in these resorts. If not we'll have to do a bit of homework when we get there..... , I think Brisbane is mainly our first choice.

hevs

errm no, but nice try

I pretty sure it has to be lodged in the goverments coffers!! Sure JAJ will be along to put things correctly in a bit

pazza

Thanks anyway hevs, i'm not sure mate !!!

kirsty&al

Hello,

The $100,000 dollar investment has to be in a government bond. Also it occurs before you are granted your visa (it's the last step before they issue the visa) and you would not be allowed to buy a house without a visa.

Regards
Alistair

JAJ

And not just any government bond - it has to be in a *designated* state government bond.

Forget the idea of getting the points for any other kind of investment.

Jeremy

Phoenixuk2oz

Has this changed?

When I lodged my bond I'm sure I was informed I could do so within any state. At the time I looked around for the one that offered the best interest and as it happened...it was Queensland where we were going anyway, so that's where we invested. I also think I remember being informed I could invest it in any state. Maybe I misunderstood?

Or are you talking about state nominated visa's [mine was Skilled Ind]

JAJ

Any state/territory which offers a designated 'General Skilled Migration Bond' - not all do. Within that limitation, you can pick the state bond that suits best.


Jeremy

Phoenixuk2oz

Ahh...didn't know that. Cheers

pazza

Thanks to everyone who replied...I'm a lot clearer on the subject now..

cheers...... paz.