494 visa – Skilled Employer Sponsored Visa

The subclass 494 visa, commonly known as the Skilled Employer Sponsored Regional (Provisional) visa, allows workers to live and work in regional Australia. This visa is for those with a job offer from an approved sponsor who wish to contribute their skills to the regional community. 

It offers a pathway to permanent residency for eligible applicants. In this article, we will help you understand the eligibility criteria and benefits so that you can decide whether this visa is the right choice for you or not.

What is a 494 Visa?

494 visa
Australian Visa

The 494 visa is a temporary visa that allows skilled workers to live, work, and study in regional Australia. This visa is designed for people nominated by an approved employer to fill a professional position. 

The visa is valid for up to five years, during which the holder must live and work in regional Australia. It also provides a pathway to permanent residence through the Subclass 191 Permanent Residence (Skilled Regional) visa.

Eligibility

494 visa
Get visa approval

Ensure you meet the following requirements to secure your visa approval:

Age Requirement

You must be under 45 years old at the time of application. Exceptions may apply for certain occupations or agreements.

Be Nominated by an Approved Sponsor

You must be nominated by an approved Australian employer located in a designated regional area with a valid sponsorship agreement.

Work Exclusively for Your Sponsor

You are required to work only for the employer who has nominated you, ensuring your skills directly contribute to the regional community.

Relevant skills, Qualifications, and Experience

You must have the skills, qualifications, and work experience necessary for the role to perform your job effectively.

Positive Skills Assessment

A positive skills assessment is a mandatory requirement. This assessment confirms that your skills meet the standards for your appointed job in Australia.

English Language Proficiency

You must demonstrate good English language skills by passing a recognised English language test, such as IELTS or PTE.

Benefits of the 494 Visa

494 Visa
Get access to healthcare

The 494 visa provides several benefits, including the opportunity to live and work in regional Australia for up to five years. It allows access to Medicare, Australia’s public healthcare system, and the ability to include eligible family members in your application. 

In addition, it offers a pathway to permanent residency through the Subclass 191 visa, provided you meet specific requirements. This visa also helps regional communities by addressing skilled labour shortages and supporting economic growth.

Available Streams – Subclass 494

494 Visa
Visa that permits family members to join

Employer-Sponsored Stream

This pathway is for applicants nominated by an approved sponsor to work in a specific position in Australia. This visa requires the applicant to fulfil the general visa eligibility criteria.

Labour Agreement Stream

This stream applies to workers nominated under a labour agreement between the Australian government and an employer. This pathway is suitable for occupations not included in the standard skilled occupation list.

Subsequent Entrant

This pathway allows family members of 494 visa holders to join them in Australia. Therefore, family members must meet specific eligibility criteria.

Visa Processing Times

494 Visa
Visa processing

Processing time for a 494 visa may vary, depending on the number of applications and the case’s complexity. On average, it takes several months to process an application. Providing all the necessary documents and meeting the eligibility criteria can help streamline the process.

Home Loan Eligibility for 494 Visa Holders

As a holder of a Subclass 494 visa, you are classified as a temporary resident in Australia. This status allows you to apply for home loans; however, eligibility criteria and terms can vary between lenders. It’s advisable to consult with multiple financial institutions to understand their specific requirements for temporary residents.

Temporary residents, including Subclass 494 visa holders, are generally required to obtain FIRB approval before purchasing residential property in Australia. This approval ensures that your investment aligns with national interests. Detailed guidance on this process can be found in FIRB’s Guidance Note 1: Residential Real Estate – Overview.

In addition to standard property costs, temporary residents may be subject to foreign purchaser surcharges. These additional fees vary across regions and are essential when planning your budget.

Frequently Asked Questions

Does 494 lead to PR?

Yes, a 494 visa can lead to permanent residency through a Subclass 191 visa, provided you fulfil the income and residency requirements during your temporary visa period.

What is the difference between 482 and 494?

The 482 visa is a temporary skills shortage visa that allows skilled workers to work anywhere in Australia. The 494 visa is regionally specific and provides a pathway to permanent residency.

How long is a 494 visa valid for?

The 494 visa is valid for up to five years. You must live and work within Australia to maintain your visa conditions during this time.

Conclusion

The 494 visa is an excellent opportunity for skilled workers to live and work in regional Australia while contributing to the local community. It offers a clear pathway to permanent residency and supports family inclusion.

If you are a 494 visa holder or decide to apply for this visa and plan to borrow a home, please visit Professional Home Loans or contact us for further consultation.