According to Macquarie Bank researchers, rocketing Sydney property prices will cause a wave of migration to South East Queensland.
Sydney house prices are almost double those in other capital cities, while Queensland has rising job creation. This appears to be setting the stage for another wave of Queensland migration.
It is important to note that what is most important is not the number of people migrating, but that these people are asset rich—the wealth having been built from the increase in Sydney property prices over the past few years.
This predicted migration, as well as Queensland’s growing economy, opens up many business opportunities. Entrepreneurs abroad looking to bring innovative ideas to the state can take advantage of various avenues of entry, which could eventually lead to permanent residency.
Queensland state has a 4-year 188E Entrepreneur (Provisional) Visa available to entrepreneurs with innovative ideas and could eventually lead to permanent residency.
This option is ideal for those with ideas that they would like to develop and commercialise. Specified third party funding is required for this, and after the four years have been completed, the holder is able to apply for the Business Innovation and Investment (Permanent) Visa (Subclass 888). This visa gives the holder permanent residency in Australia.
The upcoming Gold Coast 2018 Commonwealth Games is bringing in new infrastructure projects, renewing interest in this market.
This is a fantastic opportunity for those who feel their innovative ideas could be of benefit and successful during these events and in the future.
Improved infrastructure between Brisbane and the Gold Coast and Brisbane and the Sunshine Coast has enabled people to commute more freely. The lifestyle still remains very appealing.
If you have an innovative idea and are interested in pursuing this visa avenue, feel free to contact us and we will be happy to help.