Benefit Of Permanent Residence

WHAT ARE THE BENEFIT OF PERMANENT RESIDENCE?Benefits Of
Permanent Residence

Benefits for the Children

Your children will naturally be deemed as Australian citizens if they were born in Australia, . In such cases, they will be equipped with ultimate advantages in education and health care.

Gain Australian Citizen

If you have attained your PR after the 1st of July 2007, you have the eligibility to apply for an Australian citizenship. However in order to do so, you must have lived in Australia for a minimum of 4 years and have lived in Australia for 12 months as a PR.

Free Medicare

You will also receive a full Medicare insurance program that allows you to gain access to inexpensive health insurance, complementary treatment at hospitals, and funded medicine.

Social Security

After living for two years in Australia as a permanent resident, you are eligible to receive social security benefits through Australia’s Social Security Department called Centrelink. The social welfare aids include student, sickness, and unemployment. 

Loan until 95%

Permanent residents can borrow 90% until 95% to buy a home in Australia.

Low Cost Stamp Duty

If you are a permanent resident, you don’t have to pay the extra 3% until 7% charge for the property that you have bought.

First Home Owner Grant

The permanent resident identity permits you to have access to First Home Owner Grant (FHOG) that is worth approximately $10,000 for your first house acquisition. You have the option to choose your type of  brand new residence, starting from an apartment, unit, house, townhouse or other similar residences that has a cost of approximately $750,000 or less.

Free Foreign Investment Review Board (FIRB)

The FIRB is a department in the Australian government that evaluates foreigners applications who are interested to invest or purchase a home in Australia. If you are a permanent resident in Australia you do not need their approval; you have the privilege to purchase a new residence, an existing residence or vacant land. You also have the privilege to either live in the residence or use it as an investment.

You will get NZ PR when you have Australian PR

If you are of Australian citizenship or PR you have the right to enter New Zealand either for holiday, work or living purposes.

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