Australian housing purchase process
The first step is to book a house.
Pay 10000 yuan for booking (the deposit amount may vary according to the requirements of the developer). There is usually a cooling-off period of one week. During the cooling-off period, customers can choose whether to continue buying. If the purchase is not considered, the customer's deposit will be refunded; If you choose to buy, continue to the next process.
The second step is to sign the contract
After booking a house, our company will communicate with the developer as soon as possible and sign a purchase contract, usually within one week. At this time, you need to be accompanied by an Australian lawyer (Australian) (Australian law stipulates that in the whole process of buying a house, in order to ensure the safety of the owner's home, the lawyer must participate in the whole process)
The third step is to transfer 10% of the total house price to the trust account of the Australian law firm responsible for the customer's house purchase behavior.
At this stage, existing houses and faster houses are different.
If it is an auction house, the client should deposit 10% of the advance payment into the trust account of the Australian law firm.
If it is an existing house, the customer can directly choose to deposit the full amount or down payment (the property has applied for a loan) into the trust account of the Australian law firm responsible for the customer's purchase behavior. Of course, 10% must be paid within the first time after signing the contract, and the rest can be given a certain period (usually within ten days) due to the owner's capital turnover.
Step 4: If you need a loan, go through the loan procedures for your customers.
If it is an existing house, you need to go through the loan formalities immediately. According to the current market, owners can generally borrow 80% when buying a house, and some small-sized one-bedroom and studio can borrow 70%.
If it is an auction house, you need to go through the loan formalities for about three months before handing over the house.
Step 5: The owner repossesses the house.
If it is a full purchase, the customer can get the title deed at this time; If it is a loan to buy a house, the deed will be temporarily deposited in an Australian bank.
When the developer delivers the house, the owner closes the house. At this time, the owner can choose whether to choose Australian professional home inspector (charge a certain fee), or choose to inspect the house by himself or not.
Step 6: Rent a house.
Our company is responsible for renting an intermediary for customers in the local area and renting out their houses (the owner needs to pay an intermediary service fee of 6% of the intermediary rent).
Documents required for the owner's loan:
1. loan application document (English version provided by the bank)
2. Passport &; Copy of id card
3. Proof of income
4. Work &; residential telephone
5. Proof of assets: such as real estate license, car book and deposit certificate issued by the bank (this item can be provided by the owner as much as possible, which is conducive to improving the credit of the owner, thus speeding up the approval process and increasing the approval amount).
First, overseas people who are not Australian citizens (international students are also overseas people) can buy Australian real estate. And you can enjoy the local loan policy in Australia, and the real estate can be used as an investment, education, leisure and holiday room. Overseas people need to apply for home ownership through overseas people, namely FIRB. At the same time, you can only buy first-hand real estate projects in Australia.
Second, in view of Australia's perfect legal protection system, you can buy Australian real estate in China. Developers or intermediaries can help customers buy houses, lend money and rent houses in China. Of course, in view of the diversity of domestic Australian real estate companies, you must choose a powerful company to help you operate the whole scheme! Professional companies include local and domestic companies in Australia, which can serve you in both China and Australia.
Third, if you buy a house by loan, you are applying for a loan from a local bank in Australia! According to the current regulations, you can generally get 80% loans and 20% down payment. The house you bought in Australia is the collateral of this loan, and the owner needs to provide your income certificate and the corresponding domestic assets certificate. And the whole operation, you can not go to Australia.
Fourth, the Australian real estate market is a healthy, stable and bubble-free market! It has great investment potential. Buying Australian real estate for investment is suitable for long-term holding and value investment, not for short-term operation! The annual appreciation is about 10%, and the government policies are strictly controlled. However, the rental rate of return is very high and the vacancy rate is very small, which is essentially different from the current domestic market.
Fifth, regarding the purchase of "second-hand houses", the Australian government clearly stipulates that overseas people are not allowed to buy second-hand houses. International students and TR (temporary visas such as163) can buy second-hand houses, and this "second-hand house" cannot have any investment behavior (rental, etc. ) within the ownership period, otherwise it will be punished by the government. However, at the end of studying abroad or when TR fails to apply for PR successfully, this second-hand house must be sold after returning to China, otherwise the government will force it to be sold.
Sixth, the issue of housing tax. When buying a house in Australia, the biggest tax expenditure is "stamp duty" (equivalent to the domestic "deed tax"). The stamp duty collection standards in Victoria and New South Wales are not the same. The standard of stamp duty collection in Victoria is calculated according to the actual value of the property at the time of purchase, which means that the earlier the auction is purchased, the lower the stamp duty will be. In Xinzhou, it is different. Of course, every continent has its own preferential policies for home ownership, and some have also designed stamp duty, which will not be explained here for the time being.
Seventh, the payment process for buying Australian real estate is completely different from that in China! According to the regulations of the Australian government, if a customer decides to buy a property, regardless of the existing house, he must pay 10% of the total house price immediately after signing the contract (pakage, which buys land to build a house, needs to pay 10% of the house price +5% of the house price). Then make up the balance or go through the loan formalities when handing over the house. If it is an existing house, it is natural to make up the balance immediately (if the funds are sufficient, the existing house can pay the down payment of the loan or the whole house price together with 10%, and there is no need to pay by installments).