Guest JT1421 Posted May 14, 2011 Posted May 14, 2011 Hi, Because where are 55 and 54 we thing the only way to live in Oz is an 405 visa. There are a view questions I have got. We need at least $ 1.000.000. Because the Aus dollar is fluctuating, the last 2 years about 60% I like to know at what moment during the migration procedure you have to prove you got the $ 1.000.000 and do you need to prove it is all in cash or can you count the cash and the value of your house (without the mortgage). What if you have enough at that moment and to dollar will increase so your assets are less.
Guest siamsusie Posted May 14, 2011 Posted May 14, 2011 A big welcome to Poms In Oz . I cant answer your questions for you I am afraid but I hope someone will be along shortly to help you. Good luck with your future plans Susie x
Alan Collett Posted May 15, 2011 Posted May 15, 2011 http://www.immi.gov.au/visitors/retirement/405/eligibility.htm#d Are you planning to live in a regional area of Australia ($500k of personal net assets, plus the $500k to make the Designated Investment)? I recall the $500k of personal net assets has to be confirmed for the 2 years prior to the submission of the visa application. The other $500k to make the DI simply has to be available when the DIAC case officer asks you to arrange the investment, immediately prior to visa grant. Best regards.
Guest JT1421 Posted June 2, 2011 Posted June 2, 2011 Thanks for answering my question. I also need $ 50.000 annually. Is it allowed to use the interest of the investments for the annual income?
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