The stringent visa policies of the Government of Australia will reduce the Australian immigration intake annually by 55,000 skilled immigrants as per the latest research. This is almost one-fourth of the total immigrant intake.
Australian Population Research Institute has revealed in its study that this move could decrease the growth of housing prices. Bob Birrell a Demographer has said that the percentage of Australian immigration intake through the Employer sponsor visas will decrease by a minimum of two-thirds.
On the other hand, the Australian immigration intake through the provisional 457 visas will be decreased by 50%. The reduction of immigration levels to Australia will also be owing to the fact that after March 2018 it will be tougher for overseas students to remain in Australia upon completion of their studies.
The report titled ‘Tougher than You Think – The Coalition’s 457 Visa Reset’ elaborates that the 457 visa reforms damage two pillars of past immigration policy. The first is the policy of promoting employers to hire maximum provisional skilled overseas workers. The second is the facilitation of the provisional visas to Australia PR through the sponsorship of the employers.
Birrell explained that this is the first major indication that none of the major political parties are prepared to address the issue of immigration, as quoted by the Australian.
The reduction of the Australian immigration intake through the 457 visas will have drastic effects. The reason is that more than 50% of the 457 visas are currently being offered to overseas students who are already residing in Australia. A majority of them are erstwhile overseas students who will struggle to cater to the required experience even if they possess the Degree.
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