Flush with the success of a millionaire visa program to attract wealthy Chinese, Australia is now promising citizenship to rich Americans who are willing to bring their cash and entrepreneurial talent Down Under.
But there's a rather large catch: participants in the invitation-only Premium Investment Visa scheme will need to invest A$15 million ($11.57 million) for the privilege of becoming an Aussie.
http://www.reuters.com/article/2015/07/12/us-australia-usa-immigration-idUSKCN0PM10320150712What this means for everyone else is that rent prices go up - currently around $450 pw an hours away from the CBD. The first thing the do is buy property and sit on it.
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