A permanent residence visa allows you to travel in and out of Australia as often as you choose. However, keep in mind that your initial PR visa is only good for five years. Nonetheless, you have the option of renewing this visa before it expires. You will need to apply for a five-year Resident Return Visa (RRV) to extend your permanent residency if you travel overseas and return to Australia after your permanent residency has expired.
You can work in whatever occupation you want after you get PR status, and you have no restrictions on where you can work. Work kinds such as public service and the armed forces, however, are exempt. Only Australian nationals are eligible to apply for jobs in these two industries.
You may sponsor your family members for permanent residency only once you have met the residence and support assurance requirements.
As an Australian Permanent Resident, your credit rating will quickly improve, making personal loans, car loans, home loans, credit cards, and other types of loans easier to get.
If you signed your contract on or after July 1, 2013, on your first home purchase, you will be eligible for the $10,000 FHOG (First Home Owner Grant). Your new home can be a $750,000 or less apartment, unit, house, townhouse, or similar structure, and it must be the property’s first sale as a residential address.
According to the Higher Education Support Act of 2003, Australian citizens and permanent visa holders are eligible to receive financial aid for their studies through the Higher Education Loans Program (HELP). This will come in handy if you ever run into financial difficulties while studying.
When your children are born in Australia, one of the most significant advantages of being a PR is that they will be automatically considered Australian citizens. In essence, they will be supplied with the best education and health care available.
As a PR, you will be eligible for all-inclusive Medicare health coverage, which will provide you with cheaper health insurance, free treatment at public hospitals, and subsidized medicine.
After two years of settling down in Australia as a permanent resident, the Australian Social Security Department, often known as Centre link, will grant you with social welfare supports related to student, sickness, and unemployment, which you can extend to your family.
If you have lived lawfully in Australia for at least 4 years and have lived in Australia for at least 12 months as a permanent resident after July 1, 2007, you may be eligible to apply for Australian citizenship.