Top 6 Australian PR Visa Advantages
We have compiled the Top 6 Benefits of an Australia PR Visa in 2022 to give you an idea of how a permanent residency status in Australia might benefit you.
Live in Australia permanently for as long as you want
If you have permanent residency, you may stay in Australia permanently and take advantage of all the privileges the country has to offer its immigrants.
You are eligible to the following benefits if you have permanent residency in Australia:
1. High living standards
In terms of quality of life, Australian inhabitants have a higher level of living than many other nations. This is mostly due to people’s lifestyles, and economic progress is always improving.
2. Excellent Credit Score
As a proud holder of an Australian PR, you will gain considerably more than others in terms of home loans, personal loans, vehicle loans, and so on, as your credit score rating will be significantly raised.
3. Financial assistance for students or holders of student visas
Higher Education Loans Program (HELP) provides financial assistance to Australian residents and permanent visa holders to study . You can also repay the debt once you graduate.
4. Purchasing your first house has advantages
You will be eligible for the FHOG (First Home Owner Grant), which means there will be no premium for purchasing any sort of property. In fact, you may be eligible for some tax breaks and savings.
The Australian government will provide a subsidy of up to $35,240 AUD to assist you in purchasing your first new home.
5. Soon-to-be Social Security recipient!
After two years of residency in Australia as a PR card holder, you will be eligible for social security benefits related to education, health, and unemployment.
The government takes care of your medical needs.
The Australian government is well-known for providing the greatest medical care and amenities to its citizens.
You receive access to Medicare service providers and public hospitals by acquiring a PR visa.
Medicare health insurance
As a PR, you will have access to all-inclusive Medicare health coverage, which includes lower-cost health insurance, free treatment at public hospitals, and discounted drugs.
Special discounts
Throughout Australia, most clinics provide a Medicare rebate (private clinics) or a completely free consultation and some operations (bulk billed clinics).
Immunization and vaccination
In most large cities, mandatory vaccination is free and may be obtained at either private or bulk-billed clinics.
For expectant mothers
Pregnant women can take use of the Medicare benefits of PR even before their PR status is approved.
Your children are well-cared after
You gain various benefits for your children as an Australian Permanent visa holder, such as child care assistance, early childhood education, and even citizenship by birth.
Children’s Education Subsidies
Dependent children of PR holders are eligible (up to a specific age) for free and subsidised education services at government-managed public institutions.
In addition, Centrelink assists in obtaining subsidised day-care and childcare facilities.
Birthright Citizenship in Australia
Children born in Australia to permanent residents are automatically granted Australian citizenship.
Child Care Tax Credit
The Child Care Rebate assists parents in meeting childcare expenses. With an annual maximum of $7,613 per kid, it pays up to 50% of your child care expenditures.
Tax Break for Families
Permanent visa holders in Australia can apply for the Family Tax Benefit. The first birth receives a $2,000 AUD incentive, with subsequent children receiving an extra $1,000 AUD bonus.
Study, Work, and Live Throughout the Country
Permanent residence visa holders are permitted to work in any vocation and for any employer.
Though certain government employment are prohibited, the advantages and privileges they get are quite similar to those enjoyed by Australian citizens.
You may also acquire companies and commercial assets and even establish your own business.
You can sponsor family members for PR status
As a permanent resident of Australia, you are allowed to sponsor relatives or family members seeking PR status. They, too, may enjoy the benefits of permanent residency in Australia provided they satisfy all of the conditions.
To be a sponsor, you must first complete a year as a PR holder.