We are applying for the pre 1st July 05 Retirement 410 visa through an agent and have had our medicals etc and have now been given 6 months to sell our house. We have enough liquid cash to cover the requirement without our house, but have been told we must not sell our house for any less than the quotes provided. Does anyone know why? Also, does anyone know if the money you can earn on the 'excess' to the requirement, can be taken into account to meet the 'annual income' requirement. Also, Would DIMIA progress your application to this stage if you hadn't already met the monetary requirements? The agent is not clear!!!! Can rejection still happen at this late stage....

Your agent should have the answers to these questions ...

I can confirm though that the capital that is in excess of the capital requirement CAN be considered to be income generating.

Best regards.

I am applying for a 410 visa as you.after reading your post I am a little worried for myself. I have not been told not to sell our house for less than the quote. I am selling for less than the quote. Is it because your quote only meets the required monetary amount. If you have enough liquid cash without your house why have you put you house forward. If you do not provide proof of the required money in your hand and proof of medical insurance at this stage then as i understand it yes you can be rejected