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You are probably right....particularly professional or business types coming from Japan, Korea, China or India.... I knew one guy who came to Sydney.....only wanted to live in Holdsworthy...he could have lived in the North or Easy but bought a nice house for 600K in cash so he could be close...

Lets say each immigrant brings in $500k in net assets. If we assume allowed 50,000 skilled immigrants each year....we would lose about $50 billion or 4-5% of GDP. In case you are wondering that most don't have $500k in net assets think again. I for one think this is great for...