VALUATION OF ASSETS TO DEMONSTRATE FINANCIAL WHEN STUDY, SETTLED IN AUSTRALIA

Unlike international students in many other countries, international students in Australia are allowed to stay and work after graduation and move to settlement when eligible. But this is not simply the result of holding a student visa, but the result of a long process, including many other visa applications later.

Specifically, the route for you to study in Australia includes the following steps:

• Step 1: Apply for an Australian student visa

Before applying for a subclass 500 Australian student visa, you need to choose your school and field of study on the list of priority occupations in Australia. And of course, the state you want to study also needs a policy for students to stay, work, and settle down.

• Step 2: Apply for a post-graduation visa

After completing your studies, you need to apply for a graduate visa – subclass 485. Holding this visa, you will be in Australia for 2-4 years to gain experience.

• Step 3: Apply for Australian skilled visa

Finally, you need to apply for a temporary skilled visa to continue to stay in Australia to work and apply for a permanent skilled visa to settle down. The group of Australian skilled visa categories includes: subclass 189, subclass 491, subclass 190, subclass 191, subclass 482, subclass 186 and subclass 494.

But many people cannot fulfill their dream of studying in Australia because they do not meet the conditions for an Australian student visa. What are the conditions to apply for an Australian student visa?

CONDITIONS FOR AUSTRALIA STUDY VISA

Before applying for a 500 visa, you need to fully meet the conditions to study in Australia of the Australian Government as follows:

- Have health insurance for international students (OSHC):

OSHC is a type of health insurance for international students. This is one of the required conditions to study in Australia when you want to apply for an Australian student visa.

Visa 500 requires international students to have OSHC and must maintain this insurance for the duration of their stay and study in Australia. OSHC helps you to pay for medical treatment and hospital treatment in case of illness or accident while living and studying in Australia.

- Proof of identity:

You need to submit a notarized copy of your passport, birth certificate, national ID card or drivers license. In addition, before applying for an Australian student visa, you need to meet additional conditions to study in Australia as follows:

• Confirmation of Enrollment (CoE) for all courses in Australia if applying to study outside Australia
• Confirmation of enrollment or invitation letter for all courses applied while in Australia

Cases that do not need to submit a CoE when applying for an Australian student visa include:

• Sponsored by Department of Foreign Affairs and Trade, Australian Department of Defense: provide letter of support
• Exchange students: provide an AASES form (with a confirmation letter of course registration; Meet the regulations for Purposeful Temporary Arrivals; Financial security as required by the Australian government)

- Financial conditions for studying in Australia:

Proof of financial resources to study in Australia is one of the decisive factors for the outcome of a student visa application. You need to prove that you are eligible to study in Australia financially during your studies: proof of income, including passbook, number of assets and origin of assets you or your guarantor are currently own. This proof is for the Embassy to see that you have enough money to pay for living expenses and tuition fees while studying in Australia. In addition, this is also a testament to your seriousness with learning.

And in order to build a residence and study abroad profile, proof of finances and assets is a must. According to current regulations, financial documents usually include:

• Verify bank balance.
• Proof of your own income, or financial guarantor.
• Documents proving that the source of investment money is legal money.
• Papers on ownership of movable/real estate and other assets and sources of income (if any).
• Other documents attached… (according to the regulations of each country)

Reputable appraisal unit serving the needs of financial proof:

Indochina International Appraisal & Investment Joint Stock Company (INA) is one of the pioneers in the field of property valuation to serve the needs of settling and studying in Vietnam. SunValues appraisal documents and certificates are made and issued in English, so it is very helpful for customers in persuading agencies to approve conditions to settle down and study abroad.