HugoB

Hi, I wonder if anyone who has applied for a 410 retiremnet visa can
clarify the meaning of 'available for transfer' relating to the assests
required - ie, if the money was tied up in a property, would this need
to be sold before the visa can be granted, or is it enough to show the
value and ownership of the property?

Thanks a lot,

HB x

George Lombard

Originally posted by HugoB
    > Hi, I wonder if anyone who
has applied for a 410 retiremnet visa can clarify the meaning of
'available for transfer' relating to the assests required - ie, if the
money was tied up in a property, would this need to be sold before the
visa can be granted, or is it enough to show the value and ownership of
the property?
    >
    > Thanks a lot,
    >
    > HB x

Hi Hugo,

The
rules are reasonably complex but generally the issue is whether the
asset is liquid enough to move and bricks and mortar real estate
generally isn't. If not using an agent and you're unprepared to sell at
the moment I suggest you get advice.

Cheers,

George Lombard


www.austimmigration.com.au

Alan Collett

Hello Hugo.

In short, and given that the property in question isn't in
Australia, no, the Australian High Commission in London won't accept a
valuation and proof of your ownership of a property as a basis for your
meeting the financial requirements of a Retirement visa - as George has
said the funds need to be readily convertible to cash.

Best regards.




Originally posted by HugoB
    > Hi, I wonder if anyone
who has applied for a 410 retiremnet visa can clarify the meaning of
'available for transfer' relating to the assests required - ie, if the
money was tied up in a property, would this need to be sold before the
visa can be granted, or is it enough to show the value and ownership of
the property?
    >
    > Thanks a lot,
    >
HB x

HugoB

Thanks for your help, had a sinking feeling that was going to be the
case!

HB x