Asked for $100,000 investment - is it a done deal now?
Jan 15th 2004, 10:41 am
#1
Guest
Posts: n/a
Asked for $100,000 investment - is it a done deal now?
Hi all experts here
If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
points (after completed PCC and medical), does it mean that the chance of
success is very high? Will there still be an interview?
Thank you in anticipation.
If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
points (after completed PCC and medical), does it mean that the chance of
success is very high? Will there still be an interview?
Thank you in anticipation.
Jan 15th 2004, 10:44 am
#2
Guest
Posts: n/a
Re: Asked for $100,000 investment - is it a done deal now?
>ggg wrote:
> Hi all experts here
>
> If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
> points (after completed PCC and medical), does it mean that the chance of
> success is very high?
Not 100% certain, but yes it's high. Just don't sell the house or quit
your job just yet!
> Will there still be an interview?
Very unlikely.
Jeremy
> Hi all experts here
>
> If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
> points (after completed PCC and medical), does it mean that the chance of
> success is very high?
Not 100% certain, but yes it's high. Just don't sell the house or quit
your job just yet!
> Will there still be an interview?
Very unlikely.
Jeremy
Jan 15th 2004, 10:56 am
#3
Guest
Posts: n/a
Re: Asked for $100,000 investment - is it a done deal now?
Thanks Jeremy
But I may have to sell my property to raise the $100,000.
Sigh ...
"JAJ" <[email protected]> wrote in message
news:[email protected]...
> >ggg wrote:
> > Hi all experts here
> >
> > If one is asked to invest the $100,000 in Aust bonds to score the bonus
5
> > points (after completed PCC and medical), does it mean that the chance
of
> > success is very high?
> Not 100% certain, but yes it's high. Just don't sell the house or quit
> your job just yet!
> > Will there still be an interview?
> Very unlikely.
> Jeremy
But I may have to sell my property to raise the $100,000.
Sigh ...
"JAJ" <[email protected]> wrote in message
news:[email protected]...
> >ggg wrote:
> > Hi all experts here
> >
> > If one is asked to invest the $100,000 in Aust bonds to score the bonus
5
> > points (after completed PCC and medical), does it mean that the chance
of
> > success is very high?
> Not 100% certain, but yes it's high. Just don't sell the house or quit
> your job just yet!
> > Will there still be an interview?
> Very unlikely.
> Jeremy
Jan 15th 2004, 11:00 am
#4
BE Enthusiast
Joined: Nov 2002
Location: Perth, Western Australia
Posts: 368
Re: Asked for $100,000 investment - is it a done deal now?
If the 5 points will get you to the passmark (115 for independent, 110 for sponsored class), then if you are still asked for an interview I will shout you a beer if you ever get to Perth.
Things are looking very good, and DIMIA are not supposed to ask for medicals AND investment without having gone through any concerns about work experience, skills etc before that stage.
Cheers
Steven O'Neil
Perth
www.iscah.com
Things are looking very good, and DIMIA are not supposed to ask for medicals AND investment without having gone through any concerns about work experience, skills etc before that stage.
Cheers
Steven O'Neil
Perth
www.iscah.com
Jan 15th 2004, 11:02 am
#5
BE Enthusiast
Joined: Nov 2002
Location: Perth, Western Australia
Posts: 368
Re: Asked for $100,000 investment - is it a done deal now?
You have done it again Jeremy, not sure why as I checked the forum 10 minutes after you are supposed to have replied to this person and there was no reply at this stage.
Haven't seen a delay in the past on posts going up for the public to see, maybe it is just slow tonight (perth time)
Cheers
Steve
Haven't seen a delay in the past on posts going up for the public to see, maybe it is just slow tonight (perth time)
Cheers
Steve
Jan 15th 2004, 11:23 am
#6
Guest
Posts: n/a
Re: Asked for $100,000 investment - is it a done deal now?
Many people (in the UK at least) take out an additional mortage on their
property to fund the AUD100k. Then when the visa is granted they sell
the property and repay the finance. Clearly the finance has got to have
the option of early repayment without penalty, but it's normally ok with
DIMIA if you do this.
Also, when they do ask for the investment they will want it done in a
specific timescale. You don't want to have to turn a house into cash in
49 or so days - I'd start looking at financing options now if I were you.
Jeremy
>ggg wrote:
> Thanks Jeremy
>
> But I may have to sell my property to raise the $100,000.
> Sigh ...
>
property to fund the AUD100k. Then when the visa is granted they sell
the property and repay the finance. Clearly the finance has got to have
the option of early repayment without penalty, but it's normally ok with
DIMIA if you do this.
Also, when they do ask for the investment they will want it done in a
specific timescale. You don't want to have to turn a house into cash in
49 or so days - I'd start looking at financing options now if I were you.
Jeremy
>ggg wrote:
> Thanks Jeremy
>
> But I may have to sell my property to raise the $100,000.
> Sigh ...
>
Jan 15th 2004, 2:52 pm
#7
BE Enthusiast
Joined: Mar 2003
Location: Brisbane, Australia
Posts: 316
Re: Asked for $100,000 investment - is it a done deal now?
As far as Don't Sell Your House goes ......
It has just taken us 7 months to get to contract exchange on our house, we put the house on the market last January, accepted an offer in June and only exchanged contracts last week. We complete at the end of the month. This is all with the same buyer! Maybe we have just been really unlucky, but I am glad that when our visas are issued we won't have to hang about waiting for the good old British house selling saga!
Our application was lodged late Feb/ Early March 2003 and we were notified that we have a case officer and were requested to submit new character checks on December 12th. (Character checks were front-loaded dated Nov 02; Meds were done unrequested and submitted Sept 03.)
We are now waiting for the bond request.
It has just taken us 7 months to get to contract exchange on our house, we put the house on the market last January, accepted an offer in June and only exchanged contracts last week. We complete at the end of the month. This is all with the same buyer! Maybe we have just been really unlucky, but I am glad that when our visas are issued we won't have to hang about waiting for the good old British house selling saga!
Our application was lodged late Feb/ Early March 2003 and we were notified that we have a case officer and were requested to submit new character checks on December 12th. (Character checks were front-loaded dated Nov 02; Meds were done unrequested and submitted Sept 03.)
We are now waiting for the bond request.
Jan 15th 2004, 3:38 pm
#8
Forum Regular
Joined: Jan 2002
Location: Wigan now in the Gold Coast!
Posts: 155
Re: Asked for $100,000 investment - is it a done deal now?
Originally posted by Ggg
Hi all experts here
If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
points (after completed PCC and medical), does it mean that the chance of
success is very high? Will there still be an interview?
Thank you in anticipation.
Hi all experts here
If one is asked to invest the $100,000 in Aust bonds to score the bonus 5
points (after completed PCC and medical), does it mean that the chance of
success is very high? Will there still be an interview?
Thank you in anticipation.
Pretty quick given it's their summer hols etc.
We remortgaged in plenty of time for the money and had it waiting ready. It takes the pressure off a bit because they only give you 49 days to sort it all out and you know what paperwork's like!
