In Australia, the government has always vigorously supported real estate as the main pillar industry, and every year it takes a number of measures to support its development. In addition, the business community, especially the financial community, has also followed suit and taken corresponding measures. One of the very important policies is to encourage overseas people to buy Australian real estate as a personal investment portfolio.Part of it. Throughout Australia, the government and companies have jointly created a personal real estate investment market open to the world.
What policy support can overseas people, even those who have never been to Australia, get?
First of all, when buying a house, you can enjoy the same policy as local Australian residents buying investment houses, namely national treatment. The only additional procedure that needs to be done is to be approved by the Australian Overseas Investment Board (FIRB). As long as the buyer is not a person considered by the Australian government to be detrimental to the national interest, and the purchased property is not a historical property prohibited from sale on the Australian historical and cultural heritage list, it will usually be approved within two weeks. In addition, there are no other special restrictions on overseas people. From this point of view, the requirements for overseas buyers are very loose. You can freely choose where to buy, what to buy, and how many sets to buy.
*Note: Under normal circumstances, foreigners are only allowed to buy new houses (including house flowers) in Australia, remember：
Temporary Residents may purchase property in Australia to live in but must see it if they leave the country or it is no longer their principal place of residence.
Secondly, Australian banks are also actively supporting overseas customers. Guests only need to provide simple documents, such as a copy of their passport, driver's license, proof of income, and the first page of the house purchase contract to grant a loan of 80% of the house price (70% to 80% depending on the customer's situation). Moreover, the interest rate and product functions are exactly the same as those of local Australian customers.
Third, Australia's developed financial industry has made overseas investors even more powerful, and some support is not even available in their own countries. For example: customers are allowed to pay only interest in the first five years, and the principal can be temporarily unpaid, so that customers who invest in loans can easily realize “raising a house with a house"; after the house appreciates in value, there is no need to sell the house, just simply do a re-evaluation, you can cash in the value-added part and put the "dead money" in.Become living money” and realize rolling investment. Offset hedging accounts are also provided. If excess funds are deposited into the account, the interest required to be repaid can be completely offset 100%.
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