Tuesday, October 27
Australia's parent visa system is facing severe delays, with processing times now stretching up to 14 years for contributory parent visas and 31 years for general aged parent visas. Recent data from the Australian Department of Home Affairs revealed that nearly 2,300 applicants died while waiting for their parent visa applications to be processed in the past three years. The delays have sparked concern, with some describing the system as cruel and unnecessary, especially as many applicants may never receive their visas.The review on migration has highlighted the slow processing times, noting that for many, the chances of successfully migrating are practically nonexistent. The report suggested the introduction of a green-card style lottery system or the removal of permanent residence option
India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Real estate developers and property consultants are expecting that the RBI will cut the repo rate this year, enabling banks to lower interest rates on home loans. They also hope for some fiscal incentives in the upcoming Budget to boost supply and demand for the affordable housing segment, which has lost sheen in the past few years. New home sales across seven major cities declined for the first time since the pandemic, as a sharp rise in housing prices and still elevated borrowing costs ruined the appetite of buyers in 2024. Sales volume declined 4 pe
