Student visa changes drive boom10 June 2016 by News Desk
Australia will soon be the number one choice for school-age children thanks to upcoming changes to student visa criteria.
The changes to student visa requirements that come into force on July 1 are set to create a flood of new students, particularly kids of primary school age.
New student visa requirements are one part of the expected boom. Housing costs are another. A comparison of total education costs in China and Australia reveals that it could be over $350,000 cheaper for a Chinese child to be educated Down Under than to study in China.
The savings come from the cost of buying property in the right area in order to be able to attend the best schools. In Australia a top primary school education costs 50 per cent less than in China.
Soaring property prices in major Chinese cities have seen a big fall in the number of children studying there as money-wise parents send their kids to study abroad. And Australia is the top destination.
Student visa changes
From July 1 2016 there will be a single visa class for international students (subclass 500). A new streamlined process aims to process 75% of all applications in less than four weeks.
International students with the required income or funds who possess English language skills will be able to apply for the new visa.
The new visa includes Primary School children from age 6 and above, plus their guardians or family members.
In order to receive a student visa, each adult must spend a minimum of $18,610 and $6,515 for each child for every year they stay in Australia.
Visa rules have also been relaxed for course duration and risk assessment.
The number of students from Asia is rising. In the past 12 months 489,900 Asian students arrived in Australia – an increase of 17 per cent.
And it’s not only Asian students who are flocking to Australia. A recent report on global migration of the super-wealthy revealed that in 2015 the two most popular destinations in the world for inflow of millionaires were Sydney (4,000) and Melbourne (3,000).
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