Beverly Chandler, Opalesque London: Australia’s consultancy for business and marketing intelligence on the financial and investment markets Basis Point has launched a new website and newsletter focused on the new Significant Investor Visa which has been launched in Australia.
Basis Point’s founder and managing director, David Chin, outlined the new visa in Opalesque’s Asia Pacific Intelligence in the February issue.
Insights from the SIV Newsletter’s inaugural issue include:
The SIV industry could generate $5bn in capital inflows in its first full financial year. This is equivalent to one sixth the superannuation industry’s net inflows, or nearly half of all Australian IPOs, in 2011/2012.
171 SIV applications have been lodged over the last three months.
A straw poll of SIV industry leaders indicates a pipeline of 400 plus applications which supports Basis Point's initial estimates of 1000 visas per year (to equate to $5bn in fresh capital inflows into Australia).
Foreign investment in Australia… China was ranked the third largest foreign investor last financial year but represented nearly half of all investment approvals.