What Are the Benefits of Australian Permanent Residency

While there are number of compelling reasons why people can choose Australia as a destination to migrate from, many people ask why should they seek Australian permanent residency and what does that permanent residency allow you to do. This article will go through some of the benefits that Australian permanent residents receive.

1. Buy residential property. In most states in Australia, buying residential property that is not new can only be performed by citizens or permanent residents. This is a local policy that was enacted to protect the local housing market from foreign nationals bringing funds into the country and acquiring large tracks of existing housing and at sometimes even entire neighborhoods which would have the effect of pressuring local residents further away from the CBD. These rules stipulate that international purchasers need to buy brand new residential houses or apartments and also be subject to specific tax surcharges which necessarily drive the market price higher than what the local residents would have to pay. Consequentially, once you become a permanent resident, one, you no longer incur any tax surcharge for the purchase of property. Two, can buy second-hand residential property, and three, if your purchasing your first home in Australia, you may even qualify for specific tax incentives.
2. Own restricted work rights. In Australia, there is no work permit, or generic work visa, but in fact, a complex regime of different visas of varying lengths that can restrict you to only work in a given occupation. However, once you become a permanent resident, in most cases you seize being subject to work restrictions and can find a job in any occupation. Additionally, most Australian based organizations hire permanent residents on an almost exclusive basis. In some instances, they may not even consider your CV unless you indicate that you are a permanent resident in Australia.
3. A permanent resident can send their child to a public education system for a subsidized or free right.
4.  A permanent can start a business.
5. Child care rights. In Australia, The child care industry is very much in demand and parents can reserve places in child care several years in advance. Consequentially, per price of child care can be quite inflated specifically in high-density areas, and far for types of care and for particular care, high care environments. However, once you become an Australian permanent resident, you become eligible for child care rebates under Australia’s social entitlement system. A child care rebate assist with the cost of the child care fees and in some cases, can cover for up to 50% of your expenses for child care up to an annual of to be confirmed per child. There are another range for child care rebates as well including the child care benefit which is a direct cash payment to help with child care cost. Once you are settled in Australia, if you meet the income test, you will qualify these benefits immediately.
6. Enroll in Medicare. Like the British health service, Australia has a world class medical health care system. This is under pinned by the Medicare program which is a socialized health care system run and controlled by the federal government across the country. The Medicare system allows for free public hospital care and a range of rebates for particular medical services and certain prescription medications. The vast majority of medical clinics in Australia provide a rebate through Medicare or fully free consultation. Other practices bulk bill in [inaudible]. I higher tiered medical health clinics, there may be a gap between the fee you are required to pay and the level of rebates provided through Medicare. Additionally, under the Medicare program, mandatory immunization is provided free of charge and is mandatory for every resident. Once PR is approved, or alternatively, in certain cases once you have applied for permanent residency, you will be eligible for enrollment into the Medicare system. If your eligibility for social security benefits, if your living in Australia and your permanent resident, it is quite possible that you may be eligible for social security payments. In some cases, you may need to beat a qualifying resident’s period or a newly arrived residence period before you can apply for social security payments. If you are unemployed, or below a certain or failed the means tests or failed to meet the means threshold, you ay be eligible for social security payments. If you have a family with small children, or if you have a disability, or if you are in a special circumstance like a specific crisis, or if you need assistance, then you may be eligible for support payments.

Summit Migration can assist you in your pathway towards permanent residency in Australia. Summit Migration provides free 15 minute general information assistance to all callers. Claim your free telephone consultation today! Call us on (07) 31777609

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