The 407 is strictly a temporary visa and does not lead directly to permanent residency. However, some applicants use it to gain structured Australian workplace experience that may later support eligibility for an employer-sponsored or skilled migration visa.
If permanent residency is your ultimate goal, it is worth mapping out the full pathway before applying for a 407 – including whether the training you are seeking to undertake will genuinely support a future permanent visa application, and whether a more direct pathway to permanent residency might already be available to you.