Any overseas workers thinking about investing in a property in Australia should take encouragement from the fact that skilled migrants are playing a pivotal role in the success of the Australian economy.
This is the conclusion drawn by a new report conducted by KPMG, which has heaped praise on Australia's 457 visa system by saying: "bringing in qualified overseas workers involves a valuable transfer of knowledge and experience that can help to up-skill the local workforce."
The poor economic conditions currently being seen in other parts of the world has heightened this effect, as increasing numbers of skilled workers are attracted to Australia, where the impact of the global depression has been less severe.
As a result, not only do skilled immigrants benefit from a more robust market, but local businesses and workers profit from exposure to foreign expertise.
In particular, the booming mining sector in states such as Western Australia and the Northern Territory is attracting huge numbers of overseas investors and workers, with Western Australian Legislative Assembly member Troy Buswell now predicting the economy in these states to go from strength to strength, with immigration being a key driver of their development, according to Trading Room.
