Recently, the Australian government officially announced the highly anticipated 2022-23 Federal Budget. As is well known, the fiscal budget covers various aspects including migration quotas, health, education, taxation, real estate, and social welfare, all of which are closely related to the lives of everyone in Australia. So, what is the status of the highly anticipated migration quotas?
The total annual migration quota has been increased from the originally planned 160,000 to 195,000. The additional 35,000 places are almost entirely for skilled migration, suggesting that a golden era for skilled migration may be on the horizon. The specific quota distribution is as follows:
Skilled Independent migration has doubled to 32,100;
Regional migration visas (including subclasses 187, 491 & 494) - increased to 34,000;
State-nominated skilled migration has surged to 31,000 (an increase of 11,000, a rise of over 50%);
Employer-sponsored visas increased to 35,000;
Parent visas increased to 8,500;
Investment migration reduced to 5,000;
GTI visas reduced by nearly 50% to 5,000.
With the total annual migration quota increased to 195,000, it is evident that Australia is currently in need of talent and is eager to recruit. For those intending to immigrate to Australia, this is a golden period. However, it is worth noting that the quota for investment categories has significantly decreased; those wishing to apply should seize the opportunity and act as soon as possible.
Currently, the 188A, 188B, and 188C visas are among the Australian migration programs favored by high-net-worth individuals in China. Once applicants meet the relevant conditions, they can apply for their entire family to immigrate to Australia and enjoy Australian medical benefits. After obtaining Australian status, children can enjoy high-quality education and gain broader opportunities for overseas development.
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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