Hey, I'd love to hear your thoughts on what you think might happen in the next fiscal year regarding the migration strategy. What are your predictions?
Australia is basing their migration levels on Net Overseas Migration. Recent changes to temporary visas have greatly affected students, while skilled workers are given priority for fast-track processing. A new In-Demand Skills Visa with Permanent Residency pathways is coming soon. Tourist visa holders are being rejected by universities for student visa applications.
For permanent visas, this still accounts for a significant portion of the pie with 160K before the pandemic and an increase to 190K after.
For this year, their NOM plan is 375K, down from last FY's peak of 510K. They plan to further reduce it to 250K by 2025.
They may reduce it further but not too much since they mostly need skilled workers. With those numbers, if the migration planning levels for GSM remain at 190K, only 60K will be allotted for other transient visas.
"I believe that the quotas for certain visa categories will be reduced further as a result of the new policies. By that time, some temporary visas will have pathways to permanent residency, so it makes sense to apply for an In-Demand Skills Visa in the new migration year. This will enable a smoother transition into Australian society once the visa is granted."
I think the GSM visas will be reformed to be more competitive since they offer instant PR pathways.
Overall, the quota will increase in a new format by combining GSM with in-demand skills visas, which will contribute to a larger pool of permanent migration in the long term.
Have you ever thought about how the student pathway might not be as lucrative for older applicants? It's something that's been on my mind lately.
