1. Selected property: Do your homework well so that you know the city, region, and type of property you want to buy. Once you have selected the property you want, you can start the process of buying a house in Australia. 2. Pay the deposit: To buy a house in Australia, you need to pay $2,000-$10,000 as a deposit within the time specified in the contract (usually 5-7 working days). This deposit can be paid to the developer's trust account, or it can be deposited into the buyer's own account and then issued a guarantee by his bank. 3. Apply for Overseas Residents Buying Permit (FIRB): If the buyer is not an Australian citizen or permanent resident, he or she needs to submit a home purchase application to Australia's Overseas Investment Review Board (FIRB). 4. Sign the contract: The agent/developer provides the purchase contract to the lawyer representing the potential Australian property owner. Buyers sign the contract after consulting their own attorney and fully understanding the contract. At the same time, the developer also needs to sign the house purchase contract, and provide the house buyer with a contract signed by both parties, and the house purchase contract will take effect. 5. First payment: The down payment for an apartment or townhouse is usually 10% of the contract price. The down payment for house and land packages is usually 10% of the land price plus 5% of the building price. 6. Applying for a mortgage: For buyers of existing homes, they can apply for pre-approval for mortgages from banks or loan intermediaries before signing a home purchase contract. Or, after signing the contract, start preparing materials to apply for a mortgage. For off-plan buyers, it is recommended to start handling mortgage matters 3-6 months before the estimated delivery time of the property. 7. Delivery inspection: Before closing, the buyer will need to make an appointment with the real estate agent for a final inspection. If a problem is found, the buyer's lawyer and the seller's lawyer or the developer can be notified to negotiate and solve the problem. 8. Delivery balance: On the day of delivery, the buyer needs to pay the full final payment, which also includes stamp duty, and third-party fees (such as government, water bureau, property company, etc). Overseas people also need to pay additional surcharges. After completing the final purchase process, congratulations! You have become an Australian property owner. You can join us in the "Australian Property Owners Exchange Zone" on Facebook to gain more knowledge about Australian property management, and it is also convenient to communicate with other Australian property owners. In fact, after successfully buying a house in Australia, there are still many problems to be dealt with (such as housing rental, management and maintenance, and annual tax declarations, etc). Choosing a suitable Australian real estate agency to help the owner manage it can avoid a lot of troubles and make sure the house gets the maximum benefit. For more information about buying property in Australia, please watch my video: Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

The Australian Gold Coast is one of Australia's most famous tourist destinations and the fastest growing city in Australia, with spectacular beaches including Surfers Paradise, Broadbeach, Burleigh Heads, Coolangatta and more. Ideal for water sports, swimming, sunbathing and surfing, it attracts tens of millions of tourists from all over the world every year. In addition to the magnificent landscape, the Gold Coast has a warm and pleasant climate, making it suitable for tourism all year round. Therefore, there seems to be no low and high season - every day is the ideal time to visit. This also makes the real estate on the Gold Coast a very valuable investment, attracting a large number of domestic and foreign buyers. The advantages of buying a house on the Gold Coast The Gold Coast is one of Australia's most thriving tourist destinations and a very active property market. Here are some of the best features of the Gold Coast property market: Rising house prices: House prices on the Gold Coast are not low and are growing very well each year, especially in the waterfront area and in the bustling areas of the city centre. This is due to factors such as the region’s tourism and strategic location. Growing demand: The population of the Gold Coast is growing year on year, especially for retirees, foreign investors and immigrants. This has led to a continuous increase in demand in the real estate market and has also brought opportunities for real estate investors. High rental yields: The Gold Coast has relatively high rental yields due to factors like the boom in tourism and population growth. This also attracts more investors who want to buy real estate. Diverse property options: The Gold Coast's property market is very diverse, with luxury beachfront apartments, villas, upscale residences, commercial properties and more. Investors can choose the right type of property according to their budget and investment objectives. Where is the best place to buy a house on the Gold Coast? The Gold Coast is a linear city from north to south, divided into four main areas: Waterfront: North This area is made up of the Gold Coast's most famous beaches. Popular suburbs include Surfers Paradise, Broadbeach and Mermaid Beach, as well as the coast's CBD Southport. This area is a major centre for tourism, holiday accommodation and nightlife, with the highest number of high- and medium-density condominium-type properties, and is the area with a high return on investment on the Gold Coast. Seaside: South This area stretches south from the famous Burleigh Heads to the QLD/NSW border in Coolangatta. Burleigh Heads and Coolangatta have patches of high-density apartment buildings, but there are also townhouses scattered throughout the area. Relatively speaking, the South Beach area of the Gold Coast has a smaller supply of properties, more zoning restrictions, and a higher investment value for buying a property. Inland: North This is the largest area on the Gold Coast, housing most of the city's traditional suburban housing and boasting the new Gold Coast Hospital Precinct, as well as Griffith University and various theme parks. With plenty of areas with good investment potential, it’s suitable for investors on a budget. Inland: South The main residential areas in the Gold Coast’s south are Robina and Varsity Lakes, which generally have larger residential and block sizes. Some properties in the southern region have the potential for long-term appreciation, but the short-term return on investment of buying a property on the Gold Coast will not be particularly high. Is it expensive to buy property on the Gold Coast? At present, buying a property on the Gold Coast is not as expensive when compared to other cities, but it is not cheap either. In 2021, Australia's last housing price boom, the Gold Coast created a miracle of Australian property market growth - in one quarter, property prices in some suburbs of the Gold Coast rose by between 50 and nearly 60%! Compared with other parts of the country, the market for real estate on the Gold Coast is one of the fastest growing areas in Australia's housing price appreciation, and the number of buyers is also very large. According to the latest data from CoreLogic, a total of 5,896 properties were sold on the Gold Coast in 2021 for more than $1 million. What is the driving force for the growth of property prices on the Gold Coast? 1. Policy support: Benefiting from the Brisbane 2032 Olympic Games, the Gold Coast will invest $20.9 billion in infrastructure, including: promoting the revival of Southport CBD ($5 billion), Gold Coast health and knowledge district investment ($5 billion), Olympic rail infrastructure upgrades ($2.20 billion), and the Gold Coast Light Rail Phase 3 expansion ($1 billion). It can be said that large-scale infrastructure construction will have a positive impact on the size of the Gold Coast property market and the status of investment in buying properties in the area. 2. Population growth: Queensland now has the largest influx of interstate migrants of all Australian states. The Gold Coast has been one of Queensland's fastest-growing regions, growing its population from 500,000 to more than 600,000 over the past decade. The local government expects the population to reach 1 million by 2041, which will constitute a large-scale demand for property purchases. 3. Insufficient supply: Not matching the large population, the supply of property on the Gold Coast has been very tight. For the influx of immigrants, at least 6,500 new homes per year will be needed to keep pace with population growth if the Gold Coast population reaches 1 million in 2041 as expected. However, the government's land grants have become more stringent, drastically reducing the supply of land. Land on the Gold Coast is extremely limited, and there is less and less available for developers to build on. According to the CoreLogic report, properties on the Gold Coast are among the fastest selling in Australia. 4. High rent: The Gold Coast is one of the world's top tourist destinations, with around 12.5 million tourists coming to the region each year for their holidays. With such a large number of tourists, the number of local hotels and short-term rentals is far from satisfying the demand. The shortage of housing has made the Gold Coast home to one of the highest rents in Australia. For the majority of investors, the Gold Coast is currently an area worth buying in quickly, and the future appreciation space will be relatively large. Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Adelaide is a city in southern Australia and the capital of South Australia. It’s known for its high livability, low cost of buying property, clean air and beautiful natural landscapes. Adelaide suburbs have a relatively low population density, so they have spacious streets and green spaces with plenty of parks and beaches for residents to relax and entertain. At the same time, Adelaide is also one of Australia's important education centers, home to a number of well-known universities (such as the University of Adelaide and Flinders University). These universities have an excellent reputation in Australia and globally. 1. Get to know Adelaide Adelaide gets more than 2,500 hours of sunshine a year and doesn't have the humid climates of other Australian cities. Adelaide is a city of parks - over 760 hectares of parklands surround the city and North Adelaide. Adelaide is a university town. It has five college campuses within one square mile of the city — nearly 30,000 students from around the world attend these campuses. In 2014, Adelaide was listed by Lonely Planet as one of the 10 best cities to visit. 2. The characteristics of real estate in Adelaide Once ranked as the "capital city with the most affordable housing for people", the threshold for buying property in Adelaide is much lower. The important thing is that Adelaide's real estate prices are very stable and healthy, and the number of people buying and investing in property is also increasing year by year. 1. Relatively low house prices: Adelaide has lower house prices compared to other major cities in Australia, making it easier to buy a property here. This may be due to the city's small population and economic size, as well as the relatively ample supply of property. At present, the total population of Adelaide City is about 1.3 million, and the total population of Greater Adelaide is 1.7 million. 2. Stable house price growth: Despite Adelaide's lower house prices, house price growth is relatively stable. According to a report by Property Data Australia, Adelaide house prices are growing at an annual rate of around 3% to 4%, and buying a property in Adelaide can provide a solid return on investment. 3. Diverse property options: Adelaide's real estate market offers a variety of options, including apartments, townhouses, detached villas, and luxury homes to name a few. Whether owner-occupied or investing in Adelaide, buyers can find a property that suits them. 4. Quality education and healthcare resources: Adelaide is home to a number of well-known universities and high-level healthcare resources, which attracts many students and healthcare practitioners to live, work and buy property. This has also had a positive impact on Adelaide's real estate market. 5. High quality of life: Adelaide is one of Australia's most liveable cities, with a clean environment, good community facilities, beautiful parks and attractions, and numerous cultural and artistic activities. These factors have had a positive impact on Adelaide's real estate market. 3. Is it expensive to buy a property in Adelaide? Adelaide is one of the most affordable of Australia's capital cities. The cost of buying property in Adelaide is relatively low compared to other big cities, but even so, house prices have been rising over the past few years. This is mainly due to factors such as population growth, investment demand and construction costs. According to PropTrack, the median property value in Adelaide was $648,000 at the end of January 2023 (up 7.94% year-on-year). Many other Australian cities fell. The reason why Adelaide is a treasure city with endless potential is mainly because the city's real estate bubble is small or almost none. We have seen a general price correction in the Australian property market under the pressure of rising interest rates in 2022 and 2023, but the property market in Adelaide has recorded one of the smallest price declines in Australia. Among Australia's many cities, Adelaide is undoubtedly low-key compared to a metropolis like Sydney and Melbourne. But buying property in Adelaide is like buying blue chips with fast returns. The degree cannot be compared with the first two, but it is expensive in low risk, stable and long-lasting. Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

On July 21 2021, Brisbane, Australia, won the right to host the 2032 Olympic Games, becoming the third Australian city to do so (the 1956 Olympics were held in Melbourne, whilst the 2000 Olympics were held in Sydney). For a time, the call to buy a house in Brisbane was high. Brisbane house prices soared 33% in just one year. Did you know that the original median property price in Brisbane, Australia, was only a little more than 500,000 Australian dollars? At the high point of this round of soaring house prices, the median property price in parts of Brisbane actually exceeded 1 million Australian dollars! So what impact will the Olympics economy have on Brisbane's housing market? If you buy a property in Brisbane now, can you still catch this bonus period? Will investors make more money buying a property in Brisbane? After Brisbane won the right to host the Olympic Games, Australian property investment experts said “by the time the 2032 Olympic Games are held, property prices in Brisbane will double, and a large number of buyers are eager to move! In the future, the median property price will rise from A$516,000 to A$1.24 million.” But whether the Olympics have such magical powers, no one can be completely sure. But what is certain is that the next 10 years will be the golden decade of buying property in Brisbane. The Olympics often have an impact on a city's housing prices 1. The Olympic Games usually attract a large number of tourists and media to watch and report. If the timing and location is very attractive, such as during high season and near attractions, then this can lead to higher house prices. 2. In preparation for the Olympic Games, host cities usually invest a lot of money in infrastructure and urban renewal (such as transportation, sports facilities and public services). These investments are likely to increase the attractiveness and quality of living in said cities, which will drive up housing prices. Brisbane has already started a series of infrastructure projects, and the number of people buying property is also expanding. 3. During the Olympic Games, a large number of tourists and Olympic participants need to find accommodation, and hotel rooms may quickly become fully booked. This could lead to an increase in demand for short-term rental housing in the market, pushing up rent. Brisbane is currently in short supply, new housing starts have been affected by the pandemic far less than expected, and buyers are fiercely competitive. 4. The hosting of the Olympic Games may stimulate housing market participant’s expectations for the future development of the host city, which will prompt them to make long-term investments in the city. This could make Brisbane attractive to more buyers and investors, pushing up house prices. At present, we can already see very positive signals, the most significant of which is the increase in population and employment opportunities. The Australian government expects Brisbane's plan to host the Olympics to add 130,000 jobs and bring $7.4 billion in revenue. In the final analysis, international sports activities alone have never been the cause of long-term rise in the property market. The root cause is the huge infrastructure brought about by the hosting of the Olympics and the plan to improve transportation, which is the meat that really makes the property market grow. Where will the biggest infrastructure of the Brisbane Olympics occur? Since the importance of infrastructure is mentioned, we have to analyze ‘future Brisbane’ when it comes to buying a house - which places will have the largest infrastructure relevant to the Olympic Games? When talking about this part, we need to divide the property market into environmental infrastructure and site infrastructure to analyze. 1. Site infrastructure 85% of Brisbane's Olympic venues will use the city’s original sports facilities, which means there will be no significant investment in venue infrastructure. On the contrary, more attention will be paid to improving the transportation system. In terms of site infrastructure, the most notable is the Gabba, located near Brisbane’s city centre. The Queensland Government has announced it will spend more than $1 billion to refurbish the Gabba Cricket Stadium into a 50,000-seat Olympic main venue for the opening and closing ceremonies. There's also Roma Street's new world-class swimming arena, a massive 15,000-seat water sports centre. 2. Environmental infrastructure At present, the Brisbane government has decided to place the Olympic Village in the Hamilton area and will build new premium riverview accommodation for the world’s athletes. Other smaller hostels will also be built on the Gold Coast, Sunshine Coast and Kooralbyn. Whether it's Brisbane, the Gold Coast or the Sunshine Coast, hundreds of millions of dollars will be spent to improve environmental infrastructure. The government also plans to spend $5.4 billion on a rail link to the Cross River Rail, which is expected to be completed by 2024. In addition, Brisbane Airport is about to be expanded, with the government planning to spend $1.35 billion on an additional runway, which will see 49 million passengers per year and contribute an estimated additional 50% per year to the economy (around A$100 million). Thirdly, compare with other cities that have hosted the Olympic Games Looking back at the Sydney Olympics in 2000, the property market in Sydney rose by 88% in five years. Don't think that it was just the Olympics that made the property market in Sydney explode at that time. In fact, the city was meeting with tax reform at that time. The government had vigorously promoted housing purchase subsidies, including first home grants, which have fueled the property market for a while. At the same time, even Melbourne's property market, which did not host the 2000 Olympics, rose by 95%. In countries other than Australia, the economic impact of the Australian dollar cannot be underestimated. During the London 2012 Olympics, London spent $16 billion to host the Games. In the end, it not only earned back the investment, but also saw a long-term increase in the property market, which has continued to this day. Today, 11 years later, looking back at the real estate near the London Olympic venue, it is up 78%. Compared to the rest of London, it is generally only up 61%. It can be seen that places close to the Olympic site perform better than places that are not close. It is conceivable that investment in carefully selected places near Olympic venues and facilities can expect to have a huge return in the long run. Where should I buy property in Brisbane? How should you choose an area to buy a property in Brisbane at present? I have three tips for everyone: 1. Olympic venue area For example, near the Gabba, which will see $1 billion invested for refurbishment. 2. Near the Olympic Village Hamilton in Brisbane and/or Robina on the Gold Coast are also good choices. 3. Where the transportation system has been improved One of my favorite places is Roma Street. The planned arena will be developed into a central transport hub - keep an eye out for MRT stations and beneficiary areas along the Cross River railway station, as well as the Gold Coast's Phase 4 LRT extension to Gold Coast Airport (where Burleigh Heads will be reached via light rail lines like those at Palm Beach are also worth noting). Mass Transit will be built on the Sunshine Coast in the near future, which may be implemented sooner thanks to the Olympic Games. It is believed this will be beneficial to areas like Maroochydore and Slippy Downs, which will have the role of driving the property market. What are the advantages of buying a house in Brisbane? 1. There are few new houses Brisbane has always had a very low supply of housing, and despite rising rent, there is a severe housing shortage. At present, new homes account for only 2.8% of the total number of houses, and the number of residential approvals has been declining. The declining number of housing approvals means that, in the short-term, the overall housing volume in Greater Queensland and Brisbane will remain in short supply. 2. Investment advantages Relative to Sydney and Melbourne, median property prices in Brisbane, Australia, remain low. And record immigration from other states will continue to drive home price growth. Fortunately in 2022, the impact of Australia's overall house prices entering a correction period due to interest rate hikes, property prices in Brisbane have also returned to a relatively rational state. If you also want to eat the wave of dividends brought by Brisbane as a result of hosting the Olympic Games, you must start decisively. You can also watch the video below to learn more about buying property in Brisbane: Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

In 2023, Australia ushered in a big increase in migration, with former senior immigration officials expecting Australia's annual net migration population to reach 300,000. In addition, the international student population has also ushered in a big growth, especially in February 2023 (with the new Chinese mainland policy seeing tens of thousands of international students returned to Macau). Under the combination of multiple factors, Australia's rental market has shown unprecedented prosperity. It is said that Australia's major cities have fallen into a rental famine. It is generally believed that Melbourne and Sydney are the most difficult cities to rent in because they have always been Australia's largest population-wise and they see the most frequent housing transactions of the international metropolis. But what I never expected is that the hottest city in the entire Australian rental market is actually - Perth. According to SQM Research, Perth's home vacancy rate has fallen to an all-time low of 0.4% in January 2023. In 2023, Australia ushered in a big increase in migration, with former senior immigration officials expecting Australia's annual net migration population to reach 300,000. In addition, the international student population has also ushered in a big growth, especially in February 2023 (with the new Chinese mainland policy seeing tens of thousands of international students returned to Macau). Under the combination of multiple factors, Australia's rental market has shown unprecedented prosperity. It is said that Australia's major cities have fallen into a rental famine. It is generally believed that Melbourne and Sydney are the most difficult cities to rent in because they have always been Australia's largest population-wise and they see the most frequent housing transactions of the international metropolis. But what I never expected is that the hottest city in the entire Australian rental market is actually - Perth. According to SQM Research, Perth's home vacancy rate has fallen to an all-time low of 0.4% in January 2023. Over the past year, while the Australian property market has generally come under a lot of pressure, Perth has become Australia's best-performing capital city thanks to strong economic momentum and population growth. Foreigners buying property in Perth, Australia, has also become the first choice for overseas people. It can be said that in this round of adjustment cycle for Australian house prices, Perth not only withstood the pressure of repeated interest rate hikes and maintained a steady rise in house prices, but it also unexpectedly reaped the highest rent increase in Australia! So what exactly are the advantages of buying property in Perth? Is it still a good time to buy a property in Perth, Australia? First, the economy is developing strongly Since May 2022, the RBA has raised interest rates nine times in a row. Although rising interest rates have triggered predictions of a 10 to 20% decline in property prices across Australia, many areas have not been greatly affected, with some even bucking the market and house prices have risen. This is the case in Perth, where Australia's house price correction has bucked the trend with a small but significant growth trend. Economic indicators are an important factor in measuring whether an area is worth investing in. It's the same with foreigners buying property in Perth, Australia. Perth's economy is driven by a number of industries and factors, the most important of which are mining and the extraction of natural resources, (particularly iron ore and natural gas). In addition, Perth has a number of other important industries - such as agriculture, fishing, manufacturing, tourism and technology - which have boosted investors' confidence in buying property in Perth. Perth is also one of Australia's education hubs, attracting a large number of international students to study. At the beginning of 2023, many international students chose to buy a house in Perth outright because of the difficulty of renting a house there coupled with the high rent. This has further pushed up property prices in Perth. The reason why I emphasize the importance of economic development for a city is because of the close relationship between economic stability and tenants. During boom times, people are generally more likely to tolerate high rents and rising rents because their incomes are relatively high. In times of economic downturn, tenants often cannot afford high and rising rents because their income may suffer. Perth's per capita income is currently the first in Australia, and the burden of renting and buying property is also small. In addition, economic stability also affects the employment and financial situation of tenants. If the economy is unstable, businesses may lay off employees or reduce hiring, resulting in job losses or reduced income for tenants. This will make it impossible for tenants to pay rent, putting financial pressure on landlords. Therefore, maintaining economic stability is very important for both tenants and landlords, as it can provide employment and stable income for tenants, and stable rental income for landlords. In Perth's economically stable environment, tenants can pay rent more easily, landlords can more easily maintain properties and investors can make more money by buying a property. In general, Perth's economic power sources are very diverse, which helps to improve the city's economic resilience, and the risk after investing in Perth is relatively small. Second, the vacancy rate is low and rents are soaring According to statistics from February 2023, rent in Perth has risen by 17.9% over the past 12 months and will continue to rise as competition from rental mayors intensifies. The affordability of the Perth market, combined with strong rental yields, now makes it particularly attractive to the investor market. According to the Australian Bureau of Statistics, the average salary in Perth is $1,937 per week. This is one of the highest for cities in Australia. High incomes make property prices in Perth relatively more affordable. Third, housing prices are low and affordable Due to the rapid rise in rent, which has put great pressure on renters, more and more people are choosing to buy property in Perth, Australia, and take out their own mortgages rather than handing over a similar amount of money to the landlord every month. In fact, house prices in Perth are much lower than in other capital cities, especially Melbourne and Sydney. According to SQM Researchstatisticsfrom February 2023, the entry threshold for a Sydneyhouseis very high (reaching1.07million Australian dollars). A house in Perth costs on average$813,000 - half as much. The entry threshold for a Sydneyapartmentis $740,000, whilst a Perthapartmentcostsjust $420,000. A big advantage of having a low entry threshold is that if you only have enough money to buy one property in a more expensive city, a low entry threshold elsewhere means that you can buy two properties, or even three. Plus, your rental income will increase a lot every week. I know a lot of savvy investors who will abandon a city like Sydney with a high price of property and instead buy 2 or 3 properties in Perth for a higher return, as well as lock in more room for home appreciation. All in all, Perth is a fast-growing city with a rapidly growing population, a lot of government investment, and a favor for overseas investors, all of which make Perth's property market a potential investment opportunity. Of course, there are risks associated with any investment, and investors need to make decisions on buying property in Perth based on a full understanding of market conditions. You can also watch the video below to learn more about buying property in Perth: Alison’s Story 生於香港，移居澳洲，一生與房產結緣。 隨著飛機緩緩降落墨爾本機場的跑道上，我的人生和事業也隨即換上了另一條跑道，由一名香港地產代理搖身變成澳洲地產銷售顧問，並成功考獲澳洲律師資格，放下了港人對投資買樓的思維，換上了澳洲人的房產投資視角。 在律師樓工作的日子，身邊都是擁有高學歷的專業人士，即使工資水平甚高，是社會上精英，然而他們的生活卻是終日營營役役，手停口停，難以買樓致富。 我不想他朝一日失去工作能令家庭承受巨大壓力，我花盡時間及努力鑽研財務及房產投資知識，希望盡早實現財務自由，同時讓艱苦工作多年的父母過好日子。 透過這個頻道，我會跟大家分享投資澳洲房產的知識及經驗，一起踏上財務自由之路。 Alison老師成立 investwithalison.com 這個網站的初衷是希望透過這個平台提供中立的澳洲房產資訊，協助投資者建立最合適的投資策略。 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Australia is one of the most livable countries in the world; not only rich in natural resources and cultural heritage, but also politically stable, good social order, high level of education... It can be said that when we mention Australia, we have equated it with "high quality of life". Therefore, tens of thousands of people come from all over the world every year to find ways to immigrate to Australia. Australia itself is also a large immigration country, and it is already one of the few countries in the world that still enjoys the dividends of population growth. Among the many immigration methods, "skilled migration" to Australia has always been a very popular type of visa for high-level talent. It’s also a set of visa categories established by the Australian government to introduce overseas senior technical personnel with high education, excellent English ability and rich technical work experience to alleviate the lack of professional and technical talent in the Australian workforce. Australia is one of the most livable countries in the world; not only rich in natural resources and cultural heritage, but also politically stable, good social order, high level of education... It can be said that when we mention Australia, we have equated it with "high quality of life". Therefore, tens of thousands of people come from all over the world every year to find ways to immigrate to Australia. Australia itself is also a large immigration country, and it is already one of the few countries in the world that still enjoys the dividends of population growth. Among the many immigration methods, "skilled migration" to Australia has always been a very popular type of visa for high-level talent. It’s also a set of visa categories established by the Australian government to introduce overseas senior technical personnel with high education, excellent English ability and rich technical work experience to alleviate the lack of professional and technical talent in the Australian workforce. 2023 Australian Skilled Migration Category There are many types of skilled migration visas in Australia, so we must first determine which visa is the most suitable for us and the most beneficial for our migration. Skilled Independent Visa This is a permanent residence category introduced in Australia for applicants with specific vocational skills and experience. This skilled migration visa allows the applicant to work and reside in Australia and enjoy the same benefits as Australian citizens. Skilled Nomination Visa The skilled nomination visa requires the applicant to obtain a sponsorship from an Australian state or territory before applying for a visa with the Australian Department of Immigration. Permanent Residence (Skilled Regional) visa (subclass 191) This category allows people living and working in designated remote areas of Australia on a qualifying visa to live and work in Australia permanently. Skilled Work Regional（Provisional) visa This is a category of skilled migration in Australia established by the Department of Immigration to attract skilled migrants to work and live in remote areas of Australia. Applicants in this category need to meet certain technical and vocational requirements and be sponsored by the state government of a remote region of Australia. 2023 Australian Skilled Migration Conditions Skilled Independent Visa The benefit of the 189 Independent Skilled Migration visa is that no state nomination is required, so the applicant can live and work anywhere in Australia. The visa is suitable for "applicants who can achieve a high score in the EOI score of the letter of intent" and the applicant's Australian skilled migration occupation must be on the MLTSSL occupation list. Under 45 years of age (applicants can still apply for a visa if they have only turned 45 years of age after submitting the EOI and receiving the invitation; If the applicant is submitting the EOI and is at least 45 years old before receiving the invitation, the applicant cannot proceed with the visa application) An EOI invitation is required (after submitting the EOI, the applicant will be ranked with other interested applicants and may be invited to apply for a visa) The occupation is in the list of technical occupations Successfully pass the skills assessment Both the main and secondary applicants are required to meet all health requirements Ability to score 65 points or above (an indicative score will be awarded when an applicant submits an expression of interest in SkillSelect). If the applicant does not receive 65 points, they will not be invited to apply for this visa Meet the English proficiency requirement: equivalent to IELTS 4 6 levels There is no record of visa cancellation or previous applications being rejected 2. Skilled Nomination Visa For "people who may not be able to score high enough and do not mind having a restriction on their area of residence" and whose Australian skilled migration occupation must be on the STSOL list. Applicants must obtain a nomination letter from the Australian State Government before applying. Under 45 years of age (applicants can still apply for a visa if they have only turned 45 years of age after submitting the EOI and receiving the invitation; If the applicant is submitting the EOI and is at least 45 years old before receiving the invitation, the applicant cannot proceed with the visa application) An EOI invitation is required (after submitting the EOI, the applicant will be ranked with other interested applicants and may be invited to apply for a visa) Ability to score 65 points or above (an indicative score will be awarded when an applicant submits an expression of interest in SkillSelect). If the applicant does not score 65 points, they will not be invited to apply for this visa IELTS 6 or above Applicants must meet state or territory nomination requirements Successfully pass the skills assessment Occupations are on the list of skilled occupations (each state and region has its own list of occupations) 3. Permanent Residence (Skilled Regional) visa (subclass 191) Hold an eligible visa: At the time of application, the applicant must have an eligible visa such as a subclass 491 or subclass 494 visa. They must have held this visa for at least 3 years prior to applying Taxable income reaches the minimum income threshold: The minimum income threshold must be reached within at least 3 income years Both the main and secondary applicants are required to meet all health requirements There is no record of visa cancellation or previous applications being rejected 4. Skilled Work Regional（Provisional） visa This visa is suitable for applicants who cannot meet the basic score requirement for EOI scoring and do not mind living and working in remote Australia. Under 45 years of age An EOI invitation is required (after submitting the EOI, the applicant will be ranked with other interested applicants and may be invited to apply for a visa) An English proficiency level of IELTS score of 6 or above is required The "EOI" score is at least 65 points The occupation is in the list of technical occupations Successfully pass the skills assessment There is no record of visa cancellation or previous applications being rejected Occupations are on the list of skilled occupations (each state and region has its own list of occupations) *This policy is subject to change from time to time; the specific information is subject to the official website of the Australian Government: https://immi.homeaffairs.gov.au/ Australia, which has recovered rapidly after the pandemic, has begun a war for talent. I hope to see more and more friends who can achieve their wishes and successfully immigrate here via a skilled migration visa. Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Australia has always been one of the most popular countries for Hong Kong citizens to immigrate to for studying. The Australian government launched a convenient immigration policy that grants Hong Kong citizens a five-year visa, which not only increases immigration quotas but also reduces the difficulty of immigration for a large number of Hong Kong people. So, let’s look at the characteristics and conditions of the Australian five-year visa plan that many Hong Kong citizens are interested in. First, what is the “Hong Kong people’s five-year visa”? The “five-year visa” is not the name of this Visa but rather a nickname used to refer to the characteristics of the Visa. In its earliest form, this was an Australian government policy launched by Hong Kong expats in Australia. On July 9, 2020, Australia officially extended the residence rights of graduates holding Hong Kong passports and temporary work visas for 5 years. Australia then improved this policy in order to provide more convenient immigration channels for Hong Kong people for a long time. After the 5-year temporary Visa, Hong Kong citizens only need to meet the “adjustment qualification conditions” to apply for an “existing technology category permanent visa”. Policies have expanded from Hong Kong passport holders to Hong Kong people holding a British National Overseas Passport (BNO). Because the Visa is usually 5 years, it is collectively referred to as the “Hong Kong five-year visa”. Who can apply for a “Hong Kong Five-Year Visa”? 1. Hong Kong students currently studying in Australia or going to study in Australia in the future will be eligible to obtain a five-year graduate visa in Australia after completing higher education courses (including universities and TAFE courses). 2. When the holder of the Hong Kong passport applies for a 482 visa, if their job is included in the Occupational Skill Lists through the Labour Market Testing, they will be qualified to obtain a five-year Australian visa. 3. At present, Hong Kong citizens who have held a 482/457 visa will automatically have the validity period of this extended for five years from July 9, 2020. 4. Hong Kong citizens who have been approved or are about to be approved for 5-year residence visas will obtain Australian permanent residence status after the 5-year expiration (see the following specific requirements). 5. For Hong Kong citizens studying in remote areas and choosing to live and work locally, the time limit for obtaining permanent visa visas will be shortened from five years to three years. What conditions must you meet for the “Hong Kong people’s five-year visa” after the expiration? According to the new bill by the Australian government, under the current 189 and 191 technical immigration permanent residence visas, the Hong Kong category (Hong Kong STREAM) has been added, providing permanent residence for Hong Kong citizens. In other words, under the new policy, Hong Kong citizens who hold a graduation visa can live in Australia for 3 to 4 years, meet the “Common Criteria),” skip the score requirements of technical immigrants, and directly immigrate. The difficulty is greatly reduced compared to the previous technical immigration policy, also known as the “lowest cost” approach to Australia. Overall, if Hong Kong citizens want to get permanent residence through 189 and 191 technology immigrants in Australia, they must meet the following requirements: 1. 189 Independent Technical Immigration Visa (Hong Kong Category) Requirements: The applicant must hold a Hong Kong Special Administrative Region or BNO passport; The master applicant must hold an effective temporary visa (SC 457/482 /485 visa), and the Visa is valid for July 8, 2025, or five years; Hold this valid Visa for at least 4 years; Before the application, they have lived in Australia for at least 4 years; The main and vice applicants must meet all health requirements. 2. 191 Remote Technology Immigration Visa (Hong Kong Category) Requirements: The applicant must hold a Hong Kong Special Administrative Region or BNO passport; The Lord’s application must hold an effective temporary visa (SC 457/482/485 visa), meet the requirements of living, working or studying in designated remote areas, and hold this valid Visa for 3 years; Before the application, if they have lived in remote areas in Australia for at least 3 years; There is no need to meet the requirements of the 3-year income threshold before applying for this Hong Kong category; The main and vice applicants must meet all health requirements. Compared to other 189 and 191 visa applicants, applicants holding Hong Kong or BNO passports do not have other scoring requirements such as occupational assessment and language. In addition, children will still be regarded as family members, including for the SC 457/482 /485 visa, until they are over 23 years old (as long as they continue to live in the family home of the main applicant). Applicants can still apply for people to immigrate together without age restrictions. Since 2018, applications for a temporary graduate visa in Hong Kong have increased sharply. From 2021-22 to May 2022, it reached 1,600 applications (three times greater than in 2018-19). Before the protests, there were only around 500 applicants from Hong Kong. At the same time, since the launch of the 485 visa, the number of Hong Kong applicants who have finally obtained a temporary graduate visa has also increased. It reached its highest level in the fiscal year 2021-22. At least 767 Hong Kong applicants were successful during this period of getting a visa. According to the 2020-21 immigration plan of the Ministry of the Interior, 4,300 of the 160,000 people who received permanent residence visas in that year had Hong Kong citizenship. Due to the surge in the number of Hong Kong citizens who have obtained permanent visas, Hong Kong has become the eighth largest source of immigrants who obtain permanent residence status and has entered the top ten for the first time in six years. A new measure that took effect on July 7 last year means that when the Hong Kong Special Administrative Region passport and BNO holders apply for a temporary or permanent technical immigration visa in Australia, they will get a case of waiting for “Approval of the highest priority“. Measures are suitable for all temporary or permanent technical immigration visa categories, including employer guarantee, state government guarantee, and independent immigration applications. Is it easy for Hong Kong people to be approved for five years? When Hong Kong and BNO passport holders apply for a temporary or permanent technical immigration visa in Australia, they will receive the “highest priority order” for the waiting case. In fact, since the launch of the 485 visa, the number of Hong Kong applicants who have finally obtained a temporary graduate visa has increased, reaching the highest level in the fiscal year 2021-22. According to the 2020-21 immigration plan of the Ministry of the Interior, 4,300 of the 160,000 people who received permanent residence visas in that year had Hong Kong citizenship. In addition, from 2021-22 to May 2022, the application for temporary graduates of Hong Kong people also increased sharply, reaching 1,600 applications. Last year, due to the surge in the number of Hong Kong citizens who obtained permanent visas, Hong Kong became the eighth largest source of immigrants who obtained permanent residence. This policy changes from time to time, and specific information can be found on the official website of the Australian government: 189 Independent Technical Immigration Visa (Hong Kong Category): https://immi.homeaffairs.gov.au/visas/getting-a-disa/visa-listing/skilled-dependent-189/hong- kong 191 Remote areas of technical immigration visas (Hong Kong category): https://immi.homeaffairs.gov.au/visas/getting-a-disa/visa-listing/skilled- regional-191/hong- kong You can also watch the video below to learn more about buying property in Australia: Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Australia's real estate market has sound laws and regulations, high transparency, and protects personal property (which is sacred and inviolable). Such characteristics make wealthy people all over the world regard Australian real estate as an important part of asset allocation. Everyone can buy a property in Australia, and all enjoy freehold property rights (except the capital Canberra). There is no limit to purchase, and you can buy as many houses as you want. But many people are hesitant about whether it is better to buy a first-hand property or a second-hand property. This article mainly makes some comparisons in terms of policies and regulations, so that investors know what to expect. Are first-hand properties in Australia more expensive than second-hand properties? When many people mention buying property in Australia, they will have an inherent impression. That is: first-hand property in Australia is more expensive than second-hand property, so locals like to buy second-hand properties, while foreigners can only buy brand-new properties. This is actually a misconception. First of all, many people don’t know that Australian locals also like to buy first-hand properties, and the Australian government most definitely encourages its own residents to buy first-hand properties. The various state governments of Australia provide an endless stream of first-hand housing subsidies throughout the year. For example, when Australians buy first-hand properties, there will be stamp duty relief, new housing subsidies, construction subsidies, etc. In 2021, some state governments launched the "New Housing Guarantee Scheme", so that many local Australians only need a 5% down payment. Secondly, first-hand property in Australia is not necessarily more expensive than second-hand property. Because the price of the first-hand property market in Australia is transparent, there is not much room for a premium. Second-hand properties in Australia are different, especially when investors are buying auction properties; they are easily influenced by the atmosphere of the scene and make impulsive decisions. Many people will buy second-hand properties at a price far higher than the average market price. Because the premium is too high, even if the Australian property market rises sharply, they will not be able to make money for a long time. Third, this is not to say that Australia's first-hand housing prices are lower. In fact, when we compare the price of first-hand property in Australia with the same type of second-hand property in Australia in the same area, the price of first-hand properties is higher. This is because new houses usually involve newer construction techniques and materials, and the quality is generally better. These factors will inevitably make the price of new houses relatively high. Do foreigners have to buy a first-hand property in Australia? Foreigners can usually only buy first-hand properties in Australia, but there are exceptions depending on the type of visa. Specifically: Pure overseas people can only buy first-hand properties in Australia A pure overseas person refers to a person who does not live in Australia or does not hold an Australian visa. Strictly speaking, it refers to a person who holds a visa for less than 12 months, such as a person who holds an Australian tourist visa, and is also a pure overseas person. Temporary residents may buy a second-hand building for self-occupation Holders of Australian long-term visas (allowing them to stay legally in Australia for more than 12 months) are recognized as temporary residents of Australia and can buy a second-hand house for self-occupancy (that is, the resident must use the property as their main residence in Australia). However, when Australian temporary residents purchase second-hand properties, there are many restrictions: They need to sell it within 3 months of their visa expiration or departure (that is, sell the property within 3 months after the resident stops using the property as his main residence); They all need to apply for FIRB review, and the application fee varies according to the housing price. The application fee for a house within $1 million is $13,200 Australian dollars; and They are not allowed to rent or sublet, otherwise it will be considered a violation of FIRB regulations (that is, the resident shall not rent out the property or any part of it, and at the same time, it is necessary to ensure that the property is vacant and no one lives in it during the property transaction period). The legal difference between overseas people buying first-hand properties and second-hand properties in Australia Generally speaking, first-hand properties and off-plan properties in Australia are sold at a fixed price, whilst second-hand properties are generally sold through bids or auctions. Simply put, the one with the highest price wins. At the same time, if a home buyer submits a FIRB application for an overseas person to buy a house in order to purchase a second-hand building, but fails to buy the second-hand building in the end, the FIRB application fee is non-refundable. If you are buying a second-hand property in Australia via auction, there are certain risks. For example, the current FIRB approval letter will indicate the maximum price limit for purchasing the property. If the final auction price exceeds the FIRB approval letter, you may face additional fees. Therefore, overseas people may need to master more skills and preparations when purchasing second-hand properties. As mentioned above, when overseas people buy second-hand property in Australia, they must be used for self-occupancy purposes and they are not allowed to rent or sublet. At the same time, they must sell the second-hand house 3 months before the visa expires. Not to mention that the selling price when in a hurry may not be ideal. If it catches up with the correction period of Australian house prices, you may face losses. More importantly, if you continue to hold the second-hand house after the visa expires, it will be considered illegal. According to the provisions of the law, if you are investigated, you will face a fine of up to $127,500 Australian dollars or three years in prison, and you may also be fined 25% of the purchase price. 2023 Australian property purchase stamp duty Australia’s property stamp duty rates and regulations may vary across states and territories. But in general, the cost of stamp duty is determined by the taxable value of the property. The lower the value of the property, the lower the level of stamp duty and the less stamp duty the investor needs to pay. To look at it another way, Australian property stamp duty is calculated by applying a sliding scale on the tax; a percentage that gradually increases according to the value of the property. The general rule is that the cheaper the property, the less tax you pay. The following is an overview of stamp duties for home purchases in each state and territory of Australia in 2023: Victoria: For first-time home buyers (Australian citizens and PRs alike), they can enjoy the policy of exempting stamp duty for houses with a purchase price of no more than $600,000 Australian dollars, and a partial reduction for properties in the $600,000 to $750,000 range. For non-first home buyers, stamp duty rates range from 1.5 to 5.5% in 2023 for properties purchased between $250,000 and $12 million. New South Wales: For first-time home buyers to purchase properties below $650,000 Australian dollars, stamp duty is fully exempted. Part of the stamp duty is reduced for some properties in the $650,000-$800,000 Australian dollar range, and stamp duty is partially reduced for vacant land of between $350,000 and $450,000 Australian dollars. At the same time, the NSW government allows first-time home buyers who purchase properties under A$1.5 million to choose to pay stamp duty once or pay land tax once a year. For non-first home buyers, stamp duty rates range from 1.5 to 5.5% in 2023 for properties priced between $140,000 and $40 million. Queensland: For first-time home buyers (Australian citizens and PRs alike), the purchase of a house that does not exceed $550,000 Australian dollars can enjoy a policy of exemption from stamp duty. For non-first home buyers, stamp duty rates range from 1.5 to 5.75% in 2023 for properties purchased between $55,000 and $11 million. Western Australia: For first-time home buyers (Australian citizens and PRs alike), stamp duty is exempted for any residence with a purchase price of no more than $430,000 Australian dollars. For sales between $430,000 and $530,000 Australian dollars, you can enjoy a discount. Stamp duty rates range from 1.9 to 5.15% in 2023 for properties purchased between $80,000 and $30 million. South Australia: Stamp duty rates range from 1.5 to 5.5% in 2023 for properties with a purchase price ranging from A$150,000 to A$50 million. Northern Territory: Before June 30, 2023, if you buy vacant land to build a house or buy a second-hand building, if the value of the house does not exceed $650,000 Australian dollars, and if you live in it for more than 6 months, you can apply for stamp duty relief. It should be noted that the above information is for reference only, and the specific Australian property stamp duty rates and regulations may vary due to annual policy adjustments or regional changes. In addition, overseas people who buy property in Australia usually need to pay additional stamp duty surcharges, and the specific tax rates vary by state. Homebuyers should consult a professional real estate consultant or lawyer before purchasing a property for up-to-date and accurate information and advice. You can also watch the video below to learn more about buying property in Australia: Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

For most investors who want to buy property in Australia, their purposes include planning for immigration, creating income, realising capital growth, and planning for retirement. However, achieving success is not easy, especially when investing in Australia’s properties to pursue stability and long-term returns. If you invest in Australian real estate in a way that is unrealistic in the Australian real estate market and select the wrong properties, you will not achieve the expected results. So, what are the advantages of investing in Australian properties? Population high growth rate The characteristics of the Australian real estate are mature and stable, and the legal system is sound. It is a market with long-term rising house prices. Although there will be rising house prices, if you choose some good properties and hold them for a long time, you can achieve stability and get high investment returns. We judge whether a country or a city’s house prices are worth investing in based on whether the population increases. Australia is a major immigrant country, especially the cities of Sydney, Melbourne, and Brisbane. A large number of immigrants flow in each year; international students and tourists, whose arrival constantly stimulates the demand for property trading in Australia. In contrast, the real estate market in Hong Kong or the Mainland has been greatly affected by policy. In recent years, the outflow of residents has intensified, and the prospects of the property market have not been clear. With the “drive” of capital chase, funds will flow to the real estate markets with significant growth potential. Therefore, more and more people are “showing their skills” in the global real estate market. As an immigrant country, the threshold in Australia is far lower than in other countries, and the superior natural environment has attracted many overseas talent to move there and immigrate. The Australian Bureau of Statistics expects the population to increase by 40% from 2016 to 2041, from 24.2 million to 34 million, and the number of households will increase by 3.4 million. Australia issues about 200,000 immigration quotas each year. It is estimated that by 2031, Australian housing demand will be higher than 663,000. Although the Australian population is reduced under the influence of the recent pandemic, it is estimated to reach 31.8 million by 2040. Since 2005, the vacancy rate of Australian real estate leasing is generally only about 2%, and some places are even as low as 1%. Among them, the vacancy period is very short. In addition, the Australian population has continued to increase, and leasing demand is rising. The Australian real estate market is more stable for investors, with more room for growth than in other countries. Stable real estate market Many buyers will worry about whether there is a sound legal system to protect them when choosing to buy homes overseas. After all, overseas property investment in Australia is not cheap. The overall transparency of Australian real estate is the third best in the world, second only to Britain and the United States. Both local and overseas buyers enjoy unified prices with high transparency. The Australian real estate market has stabilised and is healthy. In the past three decades, Australian properties have obtained an average of 7% yearly return on investment. This is closely related to the Australian government’s real estate control, so local Australian property can always be in short supply. For example, if the Australian government feels that the population inflows in a certain area in recent years, more approved house construction permits will be needed to increase the number of properties in this area. If the Australian government feels that the population flow in a certain area is slowing down, it will reduce the approval of new properties accordingly. This can ensure that the houses in the region are in short supply correspondingly to ensure the stability of real estate buyers in Australia. It is easy to make overseas property investments in Australia Compared with many other countries, making property investment in Australia particularly easy. The transparency of Australian real estate rules and regulations is simple and allows anyone to buy Australian properties easily. In addition to the easy investment, managing properties in Australia is also very simple. Most property management companies in Australia can assist overseas investors with all matters relating to the property. These property management companies in Australia are supervised. Due to competition between each other, most Australian property management companies will provide professional services at reasonable costs. Foreigners can also have permanent business rights, with no inheritance tax In Australia, foreigners invest in specific types of real estate. Australia also welcomes foreigners to have permanent business real estate and enjoy owning the same real estate as locals. In addition, foreign investors have no price restrictions, which is not the case in many other countries. For example, in Vietnam, foreigners can only have leased property. In Thailand, foreigners have no right to purchase real estate. And in Malaysia, foreigners can only buy real estate priced at RM$1 million. As for inheritance tax, in Britain it is up to 40%. In the United States, if you die your heirs will also be charged 18% to 40% of the heritage tax. As for Canada, there is no heritage tax on the surface. Though if a person with a lot of assets dies, there will be a lot of taxes and fees to pay. Under Canadian law, a death is deemed the same as a sale. It means that the assets under the name of the person who died are liquidated, and the value-added part of all assets must be reported. Hong Kong’s high property prices make it difficult for young people to get on the property ladder. They may try investing in the Australian real estate market to enjoy sound legal protection and high rental return. The property price in Australia is much lower than that in Hong Kong. If you want to know how to choose different property types when buying a property in Australia, please see this video of mine: Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

The market for real estate in Sydney for 2023 will be full of big events and good things. If there are any obstacles for foreign investors to buy property in Australia, I am afraid that the stamp duty surcharge and land tax surcharge for overseas persons are more important factors. This is because these two taxes mean that foreign investors need to spend tens of thousands of Australian dollars in Sydney stamp duty, sometimes hundreds of thousands of Australian dollars (if buying a luxury home), to compete with locals for the same house. The cost is significantly higher. In addition to this, the land tax surcharge also increases the cost of foreigners holding Australian property. But two of the biggest tax hurdles may soon disappear in Sydney. At present, people from all walks of life are rejoicing, rubbing their hands, waiting for the explosion of the Sydney property market. 1. Sydney’s Stamp Duty Reform 2023 Let's start with a Sydney stamp duty reform that is beneficial to Australians. New South Wales, where Sydney is located, is introducing the largest stamp duty reform policy in more than 30 years; such a big move will definitely affect the interests of many people. The most important thing is that once the Sydney reform is officially implemented and works well, the rest of Australia will follow suit to a large extent (for example, it is said that Melbourne is now ready to move!). So at this time, some experts have come forward to comment on the changes that this policy will bring. AMP Capital chief economist Shane Oliver said that once the new policy is implemented, the price of properties worth less than $1.5 million Australian dollars in Sydney will stand firm or even rise in the short-term. Then it will soon lead to the recovery of the entire real estate market. Simply put, this policy gives buyers a choice question - either A or B - and the name of this new policy is First Home Buyer Choice. Specifically, first-time home buyers can choose to pay Sydney stamp duty in one lump sum. Alternatively, they can choose to pay $400 per annum, plus a property tax of 0.3% of the land value - but only if the total value of the house you buy is less than $1.5 million. This is a bit like the idea of installments; so people who want to buy a house for the first time don't have to work hard to save for the stamp duty of tens of thousands of Australian dollars, therefore the burden is much smaller. So how big is the difference after making different choices? Let's say you buy a property in Sydney and sell a property for $1 million. According to the existing stamp duty rate schedule, the charges are tiered so the more expensive the property, the higher the stamp duty. For a $1 million house, the current stamp duty rate is $40,502. So if you choose not to pay stamp duty but instead to pay property tax every year, this property tax is mainly for the value of the land. Then, according to the calculation table of land tax under the new policy, the $1million Australian dollar property of which the land valueis $600,000Australian dollars, you will pay an annual paymentof $400 Australian dollars + 600,000* 0.3% = $2,200Australian dollars. After 18 years, the total expenditure is $39,600, which is almost as much as the stamp duty but still sounds very cost-effective. This figure, however, does not take into account the fact that the assessed price of the land will rise over time. This reform does not only apply to owner-occupied housing, it also covers investment housing. In general, after the implementation of the policy, first-time home buyers who have PR status and want to buy a property in Sydney, and are looking at an apartment are likely to be the ones who smile the most. This is because the land area contained in apartments is very small, especially high-rise apartments. So if you are buying an apartment, you can basically pay a few hundred dollars in property tax every year, even if you pay it for 60 years, it will not be higher than the stamp duty. Sydney's stamp duty reform 2023 will generally boosted the city’s overall house prices, especially homes worth less than $1.5 million. 2. Sydney abolished the stamp duty surcharge and land tax surcharge for overseas persons The NSW government issued a notice in 2023 that citizens of New Zealand, Finland, Germany and South Africa who buy property in Australia no longer need to pay the Surcharge Purchaser Duty and the Surcharge Land Tax. If any of you purchased a residential property in NSW after 1 July 2021 and paid these 2 taxes, you can apply for a refund with the NSW government immediately and will not have to pay it in the future. Investors buying property in Australia, first of all, must understand that there is a difference in taxes for overseas buyers and local buyers buying residential properties in Australia. Simply put, Australia collects more taxes from overseas buyers. For example, Sydney locals buy a house and are expected to pay a one-time payment of a certain percentage of the property value known as stamp duty (according to the value of the property for different step charges). The general price that a local needs to pay is tens of thousands to hundreds of thousands in Australian dollars. Overseas buyers (non-Australian citizens or permanent residents) who buy property in Sydney also have to pay an additional Surcharge Purchaser Duty. Currently, the stamp duty surcharge in Sydney is 8% of the value of the property. In addition, from June 21, 2016, the Australian government began to impose a Land Tax Surcharge on overseas buyers. That is, overseas buyers will have to pay an additional 2% per year after buying a property in Sydney (Land Tax). From midnight on December 31, 2022, the additional land tax payable is increased to 4%. But now, the state where Sydney is located has exempted some national investors from both tax regimes and is expected to expand to more states in the future. It has to be said that the various policies currently introduced by Sydney, including stamp duty reform, will have a role in the next wave of house price increases. Investors who intend to buy property in Sydney have the conditions to enter the market decisively. 3. Where to buy property in Sydney? Burwood: Burwood has long been one of the most sought after areas for Chinese property buyers, known for its high-quality schools, short distances to the CBD and other amenities, and a thriving nightlife and cultural scene. Burwood is close to the transportation hub artery, close to Strathfield and Ashfield, and has two shopping malls, as well as Chinese shops and restaurants, which are convenient for both consumer shopping and access. It’s one of the most promising areas in Sydney's inner west. Rouse Hill: Known as Sydney's invisible affluent area, this area is close to the Northwest Business Park, Australia's largest Fortune 500 business park, and has the largest commercial centre and transportation hub in the Northwest. The business park has brought about a rapid increase in the number of high-quality, high-income employment population, with more than 50% of residents earning more than $88,000 Australian dollars, far higher than Sydney's per capita income level, and even comparable to the Manly affluent area. This area is ranked among the top quality of life in Macau and is very suitable for living. Housing prices have also risen as the government has invested heavily in infrastructure. North Sydney: Sydney's traditionally affluent area has become the most central location outside the CBD in recent years. Home to the headquarters of many Fortune 500 companies, attracting countless talent and visionaries, it is undoubtedly Sydney's noble financial centre, full of opportunities to rival Wall Street in the United States. The demand for real estate has been high, and the return on investment is relatively high. Summary: Australia is known as the most popular immigration country; the real estate market has also been open to overseas buyers for a long time (as long as it is within the range of real estate allowed by the government - for example, overseas buyers can only buy new houses, not buy second-hand houses). Overseas buyers generally encounter relatively few rigid conditions, even if they are not Australian PR or citizens; as long as you are over 18 years old and have sufficient purchasing power, you can own a property of your own in Australia. However, after 2016, in order to curb the rapid rise in house prices, the Australian government introduced a series of tax systems for foreigners, which largely suppressed the demand for overseas buyers. Now, we are seeing that cities such as Sydney are opening their arms again to overseas investors with Sydney’s Stamp Duty Reform in 2023, which is a very positive sign. Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Australia has now become an ideal country for more and more immigration of elite people and high-net-worth individuals. Among the many immigration channels provided by Australia, 188B investment immigration is favoured by the elite. Among the many Australian commercial immigration categories, the Australian 188B investment visa is unique. It is an immigration category set up by Australian investor residences. In 4 years, investors can get permanent resident status along with their families. It is currently a minority option, meaning you do not need to operate a business in Australia in business immigration categories. It is also the only category where you can invest in Australian government bonds. At present, Australian PR by investment (via 188B immigration) has become the most common way for Hong Kong’s wealthy people and high-net-worth people to immigrate to Australia. Therefore, this article will help you learn more about the advantages, conditions, and specific processes of 188B investment immigration. What are the advantages of Australia’s 188B investment immigration? One of the advantages of the 188B Australian investment immigration visa is that, generally speaking, investors consider the focus of Australian investment immigration. This means the acquisition of immigration permanent residents, followed by investment income and returns. In Australia, the security of state debt is second only to deposits. It is designated and managed by state governments and is protected by the Australian legal system. Therefore, 188B investors do not have to worry about the security of funds. The Australian 188B investment visa allows investor residence to take care of their investments easily and worry-free, which is why investors love it. So, specifically, the advantage of an Australia 188B investment immigration visa is: 1. The investment amount is relatively low (starting from 2.5 million AUD $). 2. Investment funds (government bonds) and such investment methods can ensure the security of funds, and investors also own the income. The cost performance is very high. 3. There is no need to own a company in the applicant’s name. 4. Get the reinvestment first: After obtaining the Australian 188B immigration visa, you can live in Australia. Before permanent residency is approved, children can enjoy free primary and secondary school education in Australia. 5. Carrying family members: Applicants can bring qualified family members, including spouses or children, by jointly applying for temporary and permanent residence visas. 6. Easy to transfer to permanent residence: Applicants who get 188B investment visas find it easier to get permanent residence than other types of immigrant visas. For example, the 188B visa is converted to permanent residency following the 4-year residence of the main and vice applicant, assuming the applicant has maintained the government’s designated bond for 4 years. That is, you can get a permanent residence visa. Specific requirements of Australia 188B Investment Immigration The 188B investment immigration applicant can be within or outside Australia. Investor Stream 188B is generally a 5-year temporary visa, which requires applicants to sell at least 2.5 million Australian dollars in commercial or net assets and invest 2.5 million Australian dollars in Australia. There are some requirements: • The age of the main and vice applicants is under 55 years old • A state or territory must be nominated where the applicant will live for at least 2 years • EOI score of at least 65 points • Language requirement of IELTS 4.5 or language learning fee exemption • No history of participating in unacceptable business or investment activities • Meet personality and health requirements • Signing an Australian values statement • Debt-free relationship with the Australian government • No visa cancellation or record of visa rejection • Have a successful business experience • Have at least 3 years of experience managing one or more eligible enterprises or making eligible investments • Successful records of qualified investment or business work • Qualified or possess high-level skills in management, investment, or business work • Personal assets or investment requirements, including: - In the five fiscal years before the investment Visa, the applicant directly manages: In the enterprise that meets the requirements, you or your spouse may hold at least 10% of the shares or your spouse, or; Australian PR by investment that meets the requirements: When you received an invitation on July 1, 2021, you or your spouse must have invested at least $2.5 million. - The assets owned: In the two fiscal years before the invitation to apply for a visa, the net worth you/and your spouse own total at least $ 2.5 million * These assets must be legally obtained and can be transferred to Australia within two years after signing. In addition, it is worth noting: If invited to apply for the 188b investment immigration visa applicant on July 1, 2021, you must (when applying for the Visa and after the Visa) make a major investment of at least $ 2.5 million. In other words, the applicant must continue to make major investments while holding a temporary visa. • At the same time, you must invest in the following proportion: • At least $500,000 Australian dollars in venture capital, investing in startups and small private companies; • At least $750,000 Australian approval management funds, which must be invested in emerging companies listed on the Australian Stock Exchange; • At least $1.25 million Australian dollars in “balanced investment.” • These management funds can be used to invest in a series of assets, including companies listed on the Australian Stock Exchange, Australian corporate bonds, or bills, annuities, and commercial real estate. Remember: The Immigration Bureau is prohibited from investing in residential real estate directly and strictly limits the indirect investment of the fund to invest in residential properties. You cannot use investment as a guarantee or mortgage for loans. 188b investment visa scoring table 1. Age: (The invitation of the state is subject to the invitation) 18-24 years old - 20 points 25-32 years old - 30 points 33-39 years old - 25 points 40-44 years old - 20 points 45-54 years old – 15 points 55 years old - 0 points 2. English IELTS at least 4 - 5 points 3. Education Vocational education certificate issued by Australian education institutions, graduation certificates or bachelor’s degrees; or 5 points for bachelor qualifications certified by education institutions, Australian institutions, bachelor’s degree in science or technology; or bachelor’s degree in educational institutions that meet the certification standards - 10 points 4. Investment experience Invited to apply for an Australian business Visa for at least 4 years to hold a 10-point investment of not less than AUD 250,000 Invited to apply for an Australian business Visa for at least 7 years to hold a 15-point investment of not less than AUD 250,000 5. Family and company net assets In the last 2 fiscal years, it was satisfied: $1.25 million Australian dollars - 5 points $1.75 million Australian dollars - 15 points $2.25 million Australian dollars - 25 points $275 million Australian dollars - 35 points 6. The company’s annual turnover (In the last 4 fiscal years; at least 2 fiscal years have been satisfied) $750,000 Australian dollars 5 points $1.25 million Australian dollars - 15 points $1.75 million Australian dollars - 25 points $2.25 million Australian dollars - 35 points 7. Innovative qualifications Certificate of registered patent or registration design - 15 points Certificate of registered trademark - 10 points Formal joint venture company agreement - 5 points 8. Export trade certificate - 15 points Certificate of Rights Equipment of Gazelle Enterprise (Gazette Enterprise is a collective name for high-tech enterprises with good growth and jumping development trends) - 10 points Gift receipt or risk capital financing certificate - 10 points 9. Special endorsement The nominated state or territorial government agency determines a unique plan and a special contribution of 10 points (Please note: scores of at least 65 points or more meet the requirements of Australia 188B investment visa for Australian PR by investment) 188b investment immigration visa application process 1. Submit 188B Immigration Intent Application (EOI) 2. Apply and obtain the state government guarantee 3. Get EOI invitation 4. Complete asset audit 5. Submit application materials 6. Get an interview notice and supply the requested materials 7. Physical examination and payment of English contribution If the master applicant does not have a total IELTS score of 4.5, you need to pay the language learning fee of AUD$9,795; for the spouse or the accompanying children who are 18 years old, if you do not reach the IELTS score of 4.5 points, you need to pay the language learning fee of AUD$4,890/person (specific costs are subject to the latest requirements of the Australian immigration department). Special reminder: policy information changes from time to time, so you should check the official website of the Australian Immigration Bureau. Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. Alison Australian real estate information platform The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

Editor’s note: Nowadays, people’s investments are becoming increasingly diversified. More and more savvy investors are turning their attention to overseas real estate investment. Australia’s beautiful living environment, pleasant climate, stable political situation, and first-class education make it a top investment destination. In Australia, buying a home is not a difficult process. The process may seem overwhelming but because Australian law is very sound, you will not have to do any heavy lifting as professionals will handle the matter for you. In addition, overseas investors can apply for mortgages in Australia with simple procedures and low interest rates. A house can be used as a rental property as well as a place to live. Real estate in Australia can be passed on for generations as personal property without being subject to inheritance tax, which is the ideal choice for family wealth. When allocating assets, many wealthy people around the world choose Australian real estate. So, if you want to buy a property in Australia, what do you need to know? In this article, all processes and precautions relevant to investing in property in Australia will be explained in detail to help people overseas who want to buy real estate for sale in Australia as well as help experienced investors realise their dreams. Here are four things you need to know when purchasing Australian real estate: 1. What are the options for major cities in Australia? 2. What are the types of real estate in Australia? 3. What fees are involved in buying property in Australia? 4. What are the specific processes for buying property in Australia? 1. How to choose from major cities in Australia? When looking to invest, you should compare the property hotspots in Australia. The combined population of Melbourne and Sydney accounts for half of Australia’s total population. Additionally, these are two cities that are popular among Chinese investors. Specifically: Melbourne Melbourne is known as the “Education State.” It has a strong humanistic atmosphere and a mild climate. It has been rated the world’s most livable city for many years. Many people prefer Melbourne’s liveable and high-quality educational environment, so buying property in Melbourne, Australia, as soon as possible is a wise investment strategy because it will likely become more expensive in the future. The city of Melbourne is rapidly growing, and the cost of buying a building has increased accordingly. In the next 30-40 years, Melbourne’s population will exceed Sydney’s and become the largest in Australia. Sydney Sydney is Australia’s business, trade, finance, culture, and tourism centre. It is also the ocean, sea, land, air traffic, and communications hub. If you want to invest in Sydney, you should be cautious as, in recent years, everyone has been buying real estate in Sydney. Because of this, property prices have increased exponentially. However, from the investment perspective, you can also buy buildings in more remote areas in Sydney where the current prices are lower but the future appreciation potential is significant. Brisbane Brisbane has a warm climate throughout the year, and the scenery is like spring. 365 days a year, the climate is warm and rarely cold. The 2032 Summer Olympic Games will be held in Brisbane, Australia. As the third-largest Australian city, the next ten years will be the golden decade of Brisbane’s real estate growth. This is important for everyone to keep in mind when considering buying property in Australia. If you plan early and build a real estate investment portfolio, buying in Brisbane is likely to bring investors an excellent opportunity to achieve financial freedom as soon as possible. Perth Perth is the capital of Western Australia and the fourth largest city in Australia. The climate is pleasant, the city is magnificent, and it has the beautiful name “the capital of wildflowers.” It has also ranked among the best in global livable cities. In addition, Perth performs well in tourism and education. With the recovery of mining, various economic indicators are even better. The number of overseas looking at property for sale in Western Australia, specifically Perth, have also increased year by year. Adelaide Adelaide is the capital city of South Australia. It is loved by overseas people with its vast parks, blue-grey sandstone buildings, and relaxed and happy lifestyle. From the perspective of buying buildings in Australia, Adelaide, like blue-chip stocks, may not be comparable with the two international metropolises of Melbourne and Sydney. The cost of buying a building in these two cities is often more than double that of Adelaide. It can be said that the real estate for sale here is expensive but low-risk, and stable long-term. Gold Coast The Gold Coast is the sixth largest city in Australia, located on the eastern coast. It is famous for its abundant sunlight, white sandy beaches, and clear blue oceans. Every year, international tourists continue to increase, and more and more people buy property to stimulate economic development further. In addition to the developed tourism industry, the economy, education, medical care, and benefits of the Gold Coast are all well-developed. These factors will definitely attract more overseas investors to this city. The increase in the wave of immigration will accelerate the development of the property market and stimulate the rise in house prices. 2. What kind of real estate is there in Australia? Australian real estate buildings are roughly divided into houses, townhouses, and apartments. Each has its own advantages. If you plan to buy a property in Australia, you must also consider which type you want to buy in advance. House In Australia, a house or villa is one or two storeys with its own garden. Each house is built independently, and the style can be diverse. The homeowner can rebuild the house according to personal preference. Generally speaking, the cost of buying a house in Australia is the highest. Townhouse Townhouses are rows of several houses designed in a unified style. Even some of the interior decorations are uniform. The price of a townhouse in Australia is lower than a house whilst still having a private garden, terrace, and house-like feeling. Apartment Apartments are found in buildings that are at least three floors high. Each building has one or more units, and each unit houses one or more households. Generally, security is the best in apartments, as most have access control systems. Suitable for students and young technical immigrants, apartments have an area of about 80 to 200 square meters, with deed property rights. For overseas buyers, apartments are often the first choice because they are usually new, and modern rental returns are high, making them excellent investment products. 3. What are the specific processes for buying property in Australia? When buying property in Australia, it is most important to set a reasonable price based on your financial ability. This is important. Once you know what you can afford, you can choose a house that suits you in your chosen city. Consider how much money you have available, how much you will need to loan from banks, and so on. Once the price is set, you can complete your purchase according to the following process: Choose appropriate real estate Before buying a property in Australia, you must choose a city you want to invest in and then choose the appropriate property to buy through an Australian agency. When overseas people buy Australian buildings, they must pay attention to the screening of agency qualifications. If your agency does not have Australian qualifications and a dispute occurs, the laws of the two countries will not protect you. Have a lawyer review the contract Australia has extremely sound legal systems, and lawyers must be involved in buying and selling real estate. However, please note that when purchasing property in Australia, the lawyer is only responsible for checking the contract, confirming the legitimacy and compliance, etc., and does not express opinions on the house’s value. Buyers bear the risk of deciding to buy in Australia. Apartment diagrams, brochures, and so on are usually not part of the contract. These are just a reference – meaning they do not have legally binding power. Contracts are usually not stated in the area of square meters. Apply for an overseas buyer permit (FIRB) Overseas buyers must submit an application to the Foreign Investment Review Board before buying property in Australia. The application must be completed for overseas buyers to purchase certain Australian real estate. FIRB must approve overseas buyers before signing a housing contract, otherwise they will be regarded as violating FIRB regulations (resulting in a fine or severe punishment). It is recommended that this process be completed by the buyer’s lawyer. For more information about applying to FIRB, please use FIRB’s official website: https://firb.gov.au/Guidance-s. Formally signing the contract When buying property in Australia, the buyer and seller must have a contractual relationship after signing the contract. For existing houses (including new houses and secondhand houses), the seller is required to price according to the current state of the property. If the buyer finds that some facilities or the status of the property do not match what is outlined in the contract, relevant evidence is required to dispute this. Delivery of 10% bond When buying an Australian property, after signing a house purchase contract, the buyer needs to transfer 10% of the contract price to the trust account of the agency or seller’s lawyer. The buyer should ensure their loan documents, identity verification etc., are finalised to avoid delaying the delivery. Cooling off period Generally speaking, after buying a building in Australia, the buyer has three working days after signing the contract to change their mind. This can vary based on different state laws. Within this cooling off period, the buyer can decide not to buy the property but may lose 0.2% of the contract price. If 10% of the deposit has been delivered, the seller will return 9.8% of the buyer’s contract price. After the cooling off period, the buyers and sellers are bound to the contract – that is, the buyer must buy and the seller must sell it unless there are special terms to be satisfied. Apply for loans Buyers who apply for loans need to note that when buying property in Australia, the loan is paid after the delivery of real estate. Therefore, applying for loans in advance before delivery is essential. To buy an existing house, you can use a bank or loan agency to apply for a loan pre-approval before you sign the contract for the property. After signing the contract, you will start preparing materials to finalise the loan. Arrange final inspection Whether people are in Australia or overseas, buyers must make an appointment with real estate agencies to perform a final check before buying Australian property. If a problem is found, the buyer and seller’s lawyers can be notified to negotiate to resolve the problem. The seller can receive fines and penalties (commonly 12% or higher) for delays. If this becomes over 14 days overdue, the seller has the right to terminate the contract, sue for additional compensation for additional losses (if any) and/or not provide the buyer with the property. Successful delivery On the day of the delivery, the buyer needs to make the final payment based on the cost of buying a house in Australia, as well as third-party costs (including stamp duty, government and water bureaus, and property companies). Overseas people also need to pay additional taxes for purchasing Australian property. After that, you can get the keys, and the real estate has been successfully delivered! Alison’s Story Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification. When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties. So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life. Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/