Big Investors Turning to NZ, Canada, US After Australia Scraps ‘Golden Ticket’: Migration Experts

Restricting millionaire migrants has hurt angel investments in Australia.
Big Investors Turning to NZ, Canada, US After Australia Scraps ‘Golden Ticket’: Migration Experts
Australian flags are pictured in the semi-final match between Alex De Minaur of Australia and Alexander Zverev of Germany during the 2024 United Cup at Ken Rosewall Arena in Sydney, Australia, on Jan. 6, 2024. Brett Hemmings/Getty Images
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In June, Australia ranked the fifth most preferred destination for millionaire migrants, with a net inflow of 2,500 wealthy migrants in 2023. This number has steadily increased by 35 percent over the last decade.

Yet a move by the Albanese government in January to scrap the millionaire migration program, known as the “Golden Ticket,” has raised concerns major investors are turning to other countries.

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