24 October 2019
From 24 October 2019, applicants will need to show they have access to a higher level of funds or income to cover annual living costs in Australia. The increased costs/income are as follows:
Living costs
For a 12 month period, applicants must show:
- $21,041: main applicant
- $7,362: partner or spouse
- $3,152: for each dependent child
- $8,296: schooling costs for dependent children
Income Requirement
As an alternative to showing funds, you spouse or your parents can provide evidence of their taxable income in the 12 months prior to application. The minimum income required is as follows:
- $62,222: single applicant
- $72,592: applicant with dependents