Australian visa changes set to benefit property industry
August 28 2009 by Matt Jones
DSR: Australia visa law will relax
Australia's property industry is set to benefit from recent changes in visa rules, according to an expert.
DSR Asset Management, an overseas property investment specialist, working directly with property developers in more than forty countries, believes that the recent lifting of the cap on working hours for holders of Australian 410 visas will give the industry a much-needed boost.
Until yesterday, people who staretd work in Australia under the rules of the 410 Australia visa were not permitted to work more than 20 hours per week. They are now allowed to work without restriction.
According to David Redfern, Managing Director of DSR Asset Management, this change will attract more migrants to move to Australia and generate income for themselves and for the wider economy: "this is a very exciting development," he said.
"The Australian Government have until recently been perceived as too stringent on immigrants, but we can see things are becoming much more relaxed. This can only be good for the property market as more people are encouraged to move there."
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