Australia's economic slowdown, policy tightening, and the downturn in the real estate market have made more and more buyers and real estate investors lack confidence in the Australian housing market, and even feel depressed …
However, the recent situation seems to be somewhat different! I don't know if it's because the Australian election is coming soon. In order to fully boost the confidence of voters, the Australian government fought back and offered a series of big moves, releasing many good signals, so that many experts exclaimed: "The Australian housing market may be picking up"!
1.ANZ loans only pay interest. The loan term can be up to 90% with a term of 10 year.
According to Australia's Financial Review and The Times, ANZ, one of Australia's four largest banks, has made a major reform on the interest-free loan standard for investors, which is expected to rekindle investors' enthusiasm for the real estate market.
Reform content:
1, increasing the loan quota ratio to 90%; (ANZ used to be able to borrow up to 80%)
2. Extend the term of interest-free loan to 10 year (previously 5 years);
That is to say, as long as the basic loan qualification conditions are met, you only need a total down payment of *** 10% to enter the market and own your own investment house. In the past, in most cases, the loan could only be 80% at most. A down payment of 10% is required when buying a house, and 10% is required when handing over the house.
ShayneElliott, CEO of ANZ, said, "We decided to pay more attention to the investor market." According to analysis, this is a reflection of the loosening of loan restrictions for real estate investors, and it is also a clear signal that banks are trying to stimulate investment growth in the real estate market, and it also brings great benefits to practitioners in real estate peripheral industries such as credit.
2. The Reserve Bank of Australia officially announced on the 28th to keep the interest rate unchanged at 1.5%. Last Tuesday (March 5th), the Reserve Bank of Australia announced the March interest rate resolution, keeping the cash interest rate unchanged at 1.5%, which is the 28th consecutive time to keep the interest rate at this level.
The Australian central bank said that low interest rates can continue to stimulate the Australian economy, reduce unemployment and increase inflation. 1.5% is already the lowest interest rate in history and will remain unchanged, which also makes many interested buyers breathe a sigh of relief. For property buyers and investors, the most direct benefit is that they can continue to enjoy lower mortgage interest costs.
3. Chairman of the Reserve Bank of Australia Philipplewe: The current price may be a good time to enter the market. Philipplewe, chairman of the Reserve Bank of Australia, said at the business summit of the Australian Financial Review: "Recently, more and more people think that now is a good time to buy a house, and investors have not poured in, but first-time buyers and property upgrade buyers have begun to consider that the current price may be a good time to consider entering the market."
Lower prices and less competition are encouraging first-time buyers and buyers who want to upgrade their properties to enter the market. Falling house prices can make it affordable for more people. The continuous rise in housing prices in previous years has made many people feel the pressure of buying a house for housing. Now that house prices are falling, it is a good opportunity for buyers with relatively low risks or bargain-hunting.
4. Major immigrants can add 36 jobs. In March 1 1, the latest list of Australian skilled immigrants was released. * * * 2 12 occupations, including 36 popular occupations. The 36 newly added occupations involve arts, science, science, IT and other categories. In other words, applicants can not only apply for graduate temporary work visas (485 visas), but also apply for general skilled immigrants (189 visas).
(List of new immigrant occupations)
The increase in immigration majors will attract more people with immigration needs to enter Australia, and the demand for housing will also increase. As long as you can have a long-term work visa in Australia, or successfully get PR through general skilled immigrants, you can happily buy a house in Australia without strict restrictions on overseas buyers.
5. The Australian dollar continued to plummet, showing a downward trend in the past three years and two months. Just last week, the Australian dollar fell to 1: 0.703, while the Australian dollar fell to 1: 4.723!
Recently, the Australian dollar has been hovering around 4.8 against the RMB, thinking that it was higher than 5 for a long time last year, and then thinking that the exchange rate peaked a few years ago 1: 7, and now it is the lowest exchange rate in the past three years. Whether it is changing foreign exchange or buying a house, it is a big province (earning)!
The same house is 1 10,000 Australian dollars. When the exchange rate of 201/kloc-0 is 6.95, it is about 6.95 million yuan; At the current exchange rate of 4.72, the RMB is only 4.72 million yuan! The difference (saving) is 2.23 million RMB, and the money for buying a new Porsche sports car is saved ~
Of course, no one can absolutely predict when Australian housing prices will definitely rise, but so much good news adds up to a predictable future for buyers!