If you are wondering how permanent residency in Australia can impact your life in Australia, below is listed down the privileges of permanent residents (PRs):
Eligibility to Apply for an Australian Citizenship
You may be qualified to apply for Australian citizenship if you have lived lawfully in Australia for at least 4 years and have lived in Australia for at least 12 months as a permanent resident.
Right to live in Australia Indefinitely
Being on a permanent resident visa entitles you to travel in and out of Australia for unlimited times. You are eligible to renew this visa before its expiry date. You require a five-year Resident Return Visa (RRV) to renew your permanent residence where you travel overseas and return to Australia after your permanent residency expired.
Complete Working Rights
You may choose any occupation you are interested in and are allowed to work with no restrictions. However, exceptions do apply for work types such as Public service or Armed forces.
Your credit rating as an Australian Permanent Resident will promptly rise, enabling you to gain approval easier on personal loans, car loans, home loans, credit cards, and so on.
First Home Owner Grant
You would be eligible for the FHOG (First Home Owner Grant) worth $10,000 if you signed your contract on or after 1 July 2013 on your first house acquisition. Your new home can be an apartment, unit, house, townhouse, or similar, which costs at $750,000 or less, and it must be the first sale of the property as a residential address.
Sponsoring Family Members
You may sponsor your family members to acquire permanent residence, but only after meeting the residence and support assurance pre-requisites.
Privilege for the Children of PR
One of the greatest benefits of becoming a permanent resident is felt when your children are born in Australia, as they will be deemed automatically as Australian citizens by birth. In essence, they will be provided with the utmost benefits in education and health care.
Access to Student Loans
The Higher Education Support Act 2003 dictates that Australian citizens and permanent visa holders are given the privilege of receiving assistance financially on their study through the Higher Education Loans Program (HELP). This is helpful for you if ever faced with a financial crisis while you are studying.
An all-inclusive Medicare health coverage will be available for you as a PR, which grants you cheaper health insurance, free treatment at public hospitals, and subsidized medicine.
Social Security Benefits
After two years of settling down in Australia as a permanent resident, a master program by Australia’s Social Security Department, widely known as Centrelink, will provide you social welfare aids associated with a student, sickness, and unemployment, which can be extended to your family.
If you have any further questions, book your FREE video consultation with our professional Australian Migration agents or click the link https://www.fbpintl.ae/ae11b