Due to the influx of immigration and rapid growth of economy, many foreigners have begun to heavily invest properties in Australia, as such, the high volume of transactions have made immigration law more complex in the modern days. Standing in the shoes of a foreigner, buying a property in Australia is not as simple as the olden days.
Department of Immigration and Border Protection (DIBP) sets a stringent rule in granting permanent residency for the foreigners. In the process of assessing permanent residency visa subclass including 188 A, B, C and E and 888, it is mandatory to assess total assets of foreign applicants inside and outside Australia. In Asia Valuation, we provide foreign valuation assessments in China and Hong Kong.
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