Search Results

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/

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/

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/

Buying a property in Australia is a major investment. Many significant costs will apply, such as paying various taxes and fees. Some fees that may be incurred when buying Australian property will increase the cost of house purchases to a certain extent, not only in money but also time. Therefore, all costs involved in buying Australian real estate should be considered in advance to avoid unexpected financial constraints as much as possible. In addition to the standard fees and costs of buying property in Australia, this comes with a number of holding costs. These costs generally include overseas buyer fees (FIRB), stamp duty, lawyers’ expenses, real estate loan institution costs, housing property insurance premiums, market capacity construction fees, sewage costs, land taxes, or property fees. 1. Overseas buyer fees (FIRB) For overseas people, the Foreign Investment Review Board Australia applies an overseas buyer fee, which is a cost that must be calculated when buying property in Australia. According to the current regulations, foreigners (referring to those who have not yet obtained Australian permanent residence) wanting to buy buildings in Australia must get FIRB approval by filling in a residential real estate application form and paying the application fee. Residential real estate that overseas people can apply for in Australia includes new housing, secondhand housing (with restrictions), redevelopment of a property, housing, and idle residential land. 2. Stamp duty Australian governments levy stamp duty on buying real estate, but some states and territories will also charge stamp duty surcharges for overseas buyers who want to buy property in Australia. Taking Melbourne as an example, it is 8%. However, compared to Singapore and Vancouver, which levy 20% surcharges on foreign buyers, the foreign stamp duty surcharge for Australian property does not seem so high. In addition, buyers who purchase land house projects in Australia can sometimes save stamp duty. 3. Conveyancing fees The legal transfer of property ownership in Australia and the right to real estate ownership is generally carried out by a lawyer who handles the property transfer certificate. Individuals have no way to handle it. Therefore, the cost of lawyers is also an inevitable procedure fee. Every time you buy a building in Australia, lawyers are required to participate. 4. Mortgage broker fee Generally speaking, paying for loans before buying an Australian property is unnecessary, but this may involve account opening costs and other related handling fees. Customers may opt for specific interest rates and expenses according to their needs and then choose the institutions they want to receive their loans from. The mortgage consultant will also give relevant professional advice. 5. Insurance To prevent any damage and loss of property after buying an Australian home, the buyer can consider purchasing this insurance to ensure that the inside of the house is guaranteed. Management generally bears the cost of insurance outside the house, and the owner does not need to pay. 6. City capacity construction costs, sewerage costs, and land tax (council, water, and land tax rates) Buying a house and townhouse in Australia will generally involve city capacity construction costs, sewerage costs and land taxes, usually charged quarterly. Generally speaking, a municipal fee is required every year after buying a property in Australia, especially a house, which can vary depending on the government. The landlord or agency generally pays the sewerage fee. The land tax is different according to the evaluation value of the land. If the buyer is overseas, there is an additional tax rate. 7. Body Corporate Pay attention when buying buildings in Australia because apartments will charge property management fees. However, the land tax and municipal expenses of these types of properties are relatively low. The property management fee of Australia is collected according to the types of public facilities provided by the property. If the facilities are perfect and include things like a gym or swimming pool, these will be relatively high. 8. Property Management Fees Allowing leasing agencies to take care of the property can effectively ensure collecting and paying various housing expenses. Even if the landlord is overseas, they are exempted from these worries after buying an Australian property. Generally, the management fee for a long-term rental ranges from 5.5% to 8.8% of the rent. The agency will give the owners a detailed list of expenditures to avoid confusion. What are the specific processes for 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. 👉Website: investwithalison.com 👉Email: hello@investwithalison.com 👉Linkedin: linkedin.com/in/alisonwongaustralia/

In 2023, an unprecedented tide of studying abroad swept Australia again. After the pandemic suppressed studying abroad for 3 years, the Australian border reopened. In fact, not only are international students pouring into Australia, but many new immigrants are coming too. Under such circumstances, the problem of accommodating international students in Australia has become a top priority. In particular, the current rental market in major cities in Australia is hot, and the Australian media has described a “rental crisis.” Since the beginning of 2023, tens of thousands of international students have been searching for houses to accommodate them. Many international students have applied for more than a dozen houses and have not been selected for any of them. They are worried that one day they may face the embarrassment of “living on the street”. Because of this, the phrase “in support of houses” has been common among Australian international students. As a result, many international students and their parents are choosing to buy property in Australia, and there are many unexpected benefits. 1. What are the advantages of “in support of houses” in Australia? Today, when globalisation is deepening, each of us can choose to go to any of our ideal countries to study and live, and immigrants have become more and more normal. However, not every country has multiple attractions like Australia. There are many benefits to studying in Australia. Although the United States, Canada, Western Europe and other countries, for example, are also popular destinations for studying abroad, the threshold for home buying is high. Taking the United States as an example, every state in the US levies real estate taxes every year. The tax rate is generally 1% to 3%. A property with a market value of 3 million Hong Kong dollars pays at least HK$30,000 a year. In addition, the cost of subsequent housing is high, and it is relatively difficult to rent and transfer property ownership. Australia is different. First, the Australian real estate market is very active, with high rental returns, and the vacancy rate is below 2%. In 2023, due to the popularity of Australian immigrants and the study-abroad market, the vacancy rate further dropped to less than 1%. It can be said that the Australian rental market has provided a high rental return on the rental market all year round. Secondly, real estate in Australia has the advantages of low down payments for new houses, permanent property rights, no inheritance tax, rental potential, real estate transactions and investment in the legal system. If you want to start a business in Australia, you can also use a real estate mortgage loan. 2. Can international students buy property in Australia? One of the benefits of studying in Australia is that international students can buy property in Australia. But if you want to apply for loans, proof of income is necessary. Although international students have no or less income, they can use their parents as guarantors to guarantee loans with the guarantor’s income. Of course, the house will be in their parents’ names. 3. What are the choices for Australian students to buy property? Regardless of whether or not international students have a temporary visa that allows them to stay in Australia for more than 12 months, they can apply for FIRB (Foreign Investment Review Board) to obtain approval and purchase land for building houses, buy new houses, etc. The same applies whether they are buying for self-occupation or overseas property investment in Australia. Unless the developer has obtained the FIRB “New Dwelling Exempting Certification”, it is generally necessary to apply for FIRB approval separately whether you are buying a new or a secondhand house. 4. How much is the cost of studying in Australia? Take the accommodation fee for four years in Australia as an example. One choice is to buy Australian property, and the other is to rent a house. Many parents think it is not much different, but this gap will become more obvious over time. If you choose to buy, although you need to invest some funds to start (such as a down payment and stamp duty), the rental income and the increase in value of the house itself will eventually benefit the buyer. After studying in Australia, you can not only live in your own property but also earn rent. The most important thing is that you can use the building to make overseas asset allocations in advance and enjoy the dividend of market growth. Many parents send their children to study in Australia. The ultimate goal is to make plans for immigrants. Buying buildings in Australia is even better. Otherwise, the more expensive property prices will be wasted for several years. I have recently calculated the investment value of Mr Wang, a client. Mr Wang’s daughter began to study at Monash University in Melbourne, Australia, in February 2023. Currently, his daughter rents a 2-bedroom apartment with her classmates for $18,720 a year. Assuming that the rental price does not rise in the next few years, the accommodation fee for four years will be $74,880. However, suppose Mr Wang purchased a set of two-bedroom properties worth about $700,000 Australian dollars (about 3.8 million Hong Kong dollars) in Melbourne, Australia. In that case, his daughter could live in one bedroom and rent the other. That way, she could save her 4-year rental fee. In four years, rent can also be collected to offset some loans. 5. Can Australia’s “in support of houses” achieve zero costs to study abroad? If you buy real estate in Australia when you start studying here, by the time international students graduate, the value will increase. If you choose high-quality real estate, the house value can even pay for your tuition whilst studying in Australia. For families with a sufficient budget, rent can be a rich “cash flow” for children, enough to pay their living expenses and parts of their Australian tuition fees. However, achieving zero costs through overseas property investment in Australia is not achievable by everyone, and the feasibility varies from person to person. The key is to find professionals who are very familiar with Australia’s real estate rules and industry. Buying a high-quality property is not enough if you buy it with your eyes closed. 6. Can Hong Kong assets be used for a mortgage to buy a house in Australia? When buying a property in Australia, you may require a mortgage to purchase real estate. If you have assets in Hong Kong, this will make for a more convincing case when applying for a mortgage, but your assets in Hong Kong are “adequate and non-necessary conditions.” In fact, if the buyer can make the first payment of the property price of more than 30% at one time, Australian financial institutions will already be confident in your financial ability. 7. Can international students buy Australian secondhand houses? According to FIRB’s regulations, international students hold a 500 study visa (allowing them to stay legally in Australia) and are temporary residents of Australia. Therefore, they can buy a secondhand house for self-residential purposes (that is, the resident must use this property as their main residence in Australia). But you need to pay attention because: a. You must sell the property within three months of visa expiry or departure (that is, sell this property within 3 months after the resident stops using the property as their main residence) unless you become an Australian citizen or permanent resident. b. All international students must apply for FIRB, and the application fee differs according to house prices. c. Do not rent or sub-rent, otherwise, it violates the FIRB regulations (that is, the resident may not rent this property or part of it out to a third party). After the international student visa expires, if the secondhand property is illegally held, international students will face a fine of tens of thousands of Australian dollars or three-year imprisonment in accordance with the law. I don’t recommend buying secondhand buildings when studying abroad in Australia. There are few advantages except for renting and earning rental income. If there is trouble with your Visa or your Visa expires, you must sell the secondhand property, meaning it is difficult to make an increase in the Australian property market. Today, more and more international students buy property in Australia to achieve the purpose of “housing care”, in addition to the family overseas asset allocation in advance. Australia’s property prices have also begun to show signs of rebound under the promotion of this general trend, and new real estate is even more sought after. If you calculate the rent cost that may be afforded in the future, when funds are sufficient, buying a house is absolutely necessary, and the sooner, the better. You can also watch the video below to learn more about Australia property news: 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/

Why choose to study in Australia? Australia has a good quality of life and a sound education system, attracting many international students to study in Australia every year. As a flexible and diverse country, there are naturally countless course options for further study in Australia, and students can choose their favorite subjects to study and develop their interests. This is why Australia has been the best choice for overseas study for many years. Hong Kong students now only need to complete university, masters, doctoral, or vocational education courses in Australia, get a work visa and meet the residency requirements, and they can achieve the purpose of immigrating to Australia (which is very cost-effective). In addition, compared with overseas study in the United Kingdom and the United States, the cost of studying in Australia is relatively cheap. Coupled with a guaranteed quality of life, students will study and live in such an ideal country with half the effort. Overview of further education in Australia Australia is a multicultural country; you can meet students from all over the world, even many older students, and enjoy a variety of further study options: Primary school: Once they turn the age of 6, students are eligible to go to primary school in Australia. Primary education in Australia encourages students to express themselves boldly and focuses on cultivating students' self-directed learning ability. The learning content is mainly organized in six areas: English, Creative Arts, Human Society and Environment (including Language), Mathematics, Personal Development, Health and Physical Education, and Learning and Technology. Coming to Australia to study in primary school, children are in the golden period of language learning. The all-English teaching environment, coupled with Australia's beautiful environment, food safety and other factors, can lay the foundation for children to go to world-famous schools in the future. Secondary school: The Australian school system is similar to that of Hong Kong, and secondary school lasts for 6 years. Generally, secondary school students do not need an English IELTS score to study in Australia, but they need to be accompanied by a language course for 20 weeks, and then the main course. If students have an IELTS score of 5~5.5, they do not need language classes and can be admitted directly. The benefits of studying abroad in secondary school are numerous. First of all, if you choose Australia to study from junior high school, you will generally be able to speak English as fluently as your mother tongue in the future. But if you choose to study in Australia at an older age, even if you try to learn English, it is difficult to integrate into the Australian local population. Technical and Further Education (TAFE): Vocational education and further education in Australia mainly provide students with a variety of vocational higher education courses, involving hundreds of disciplines (such as finance and trade, business and finance, engineering and architecture, visual arts and so on). Its courses can be directly linked to bachelors courses at other Australian universities, which is a great way to help students succeed at university. At the same time, TAFE also provides high-quality and high-level vocational skills training for its students, so that students can have professional vocational skills when graduating. Universities: Australia's education is among the best in the world, with a total of 42 universities in the country. Whilst there are 2 private universities, the rest are public. University programs generally last three to four years, Masters degree programs last one to two years, and doctoral degrees require three years or more to complete. Choice of further studies in Australian universities When it comes to studying abroad, many people's first reaction is the Ivy League schools in the United States. As a popular country for studying abroad, Australia has eight famous schools that are also known as Australia's Ivy League due to their high-quality educational resources and good academic environment - they are representatives of Australia's high-quality universities! Australia's "Big Eight" perennially dominates the world's top 100 universities, these schools are: 1. The Australian National University QS World University Rankings 2023 - 30 ANU is an excellent public university with a long history in Australia, and a reputation steeped in education and research. Quality education attracts international students from all over the world who come to Australia to further their studies, and it is a world-class university with outstanding teaching and research results. 2. The University of Melbourne QS World University Rankings 2023 - 33 Founded in 1853, the University of Melbourne is one of the world's leading research universities - and it’s located right here, in the educational capital of the Southern Hemisphere. Many of Melbourne's graduates have become leaders in their fields and have played an important role in politics, culture, academia and business around the world. 3. The University of Sydney QS World University Rankings 2023 - 41 The University of Sydney is located in the heart of Sydney, the financial capital of Australia. It’s known for its business, law and medical majors. Its outstanding academic achievements and excellent course quality are well-known at home and abroad, especially in business, engineering, architecture, medicine, law and other majors. 4. The University of New South Wales QS World University Rankings 2023 - 45 The University of New South Wales is known for its engineering and business studies. Its strong, professional main campus is located in Sydney, covering an area of 38 hectares, which is convenient for transportation from the railway station and airport. There are also three campuses, namely the College of Arts, St. George's and the Defense Military Academy. Both of the former are also near Sydney, whilst the latter is in Canberra. 5. The University of Queensland QS World University Rankings 2023 - 50 The University of Queensland is Queensland's first comprehensive university, founded in 1910, making it the oldest university in Queensland. Its scientific research funding and academic level are always among the top three universities in Australia, and the number of doctoral students is the largest. 6. Monash University QS World University Rankings 2023 - 57 Established by Parliament in 1958, Monash University is Victoria's second oldest university. Monash has an international reputation for its teaching excellence and superb research, it’s one of Australia's largest national universities, and it’s also a well-known intensive research university, which is the first choice for many international students to study in Australia. 7. The University of Western Australia QS World University Rankings 2023 - 90 UWA is one of Australia's most historical, representative and powerful prestigious research universities, ranking among the best in many authoritative Australian university rankings. UWA is located in Western Australia, a state of endeavor with only 11% of Australia's population but that generates and supports nearly 50% of the Australian economy, Its 65-acre main campus is just five kilometres from Perth’s city centre. 8. The University of Adelaide QS World University Rankings 2023 - 109 Located in Adelaide, South Australia, the University of Adelaide was the third university established in Australia. It boasts 5 Nobel Prize winners and 108 Rhodes Scholars, and has been rated as a super five-star academic institution by QS Think Tank. The University of Adelaide is renowned for its cutting-edge research, high quality of education and producing graduates with a world impact. Application process for further education in Australia Choose a study abroad major and school: First, determine your study abroad goals and majors, and choose the right Australian universities and colleges for your needs. Submit application materials: According to the requirements of the application school, prepare relevant application materials (such as resume, transcripts, language test results, recommendation letters, etc). Confirm admission and apply for visa: After the school's admission notice is issued, applicants need to pay tuition fees and submit visa applications as required, and obtain an Australian study visa before entering Australia to study. Prepare for departure: Prepare your flight, accommodation, medical insurance, luggage, etc. before entering the country. It should be noted that current and future Hong Kong students studying in Australia only need to successfully complete their studies to obtain a temporary graduate visa for 5 years, and can apply for a permanent residence visa after 5 years. Hong Kong students who have been granted a graduate visa will be eligible to extend their visa for 5 years with immediate effect, regardless of how long they have been in Australia, and will be eligible to apply for a permanent residence visa at the end of that period. Hong Kong students studying in Australia’s remote areas will have the opportunity to apply for a permanent residence visa after 3 years. 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 Australia, when it comes to real estate, there is always a connection with taxation. In addition to knowing that rental income and property appreciation are subject to taxation, many people do not know how to pay less tax. In fact, the Australian Tax Office has long prepared money saving cheats for you, so that you can earn money and pay less tax. This is called negative gearing. What is the Australian negative tax deduction? Negative gearing is a common strategy in Australian property investment, and Australia is one of the few countries in the world that implements this policy. Australia's "negative tax deduction" itself is not a tax, but a tax subsidy system for investment property. This applies when an investor takes out a loan to purchase an investment property in Australia and then uses that rent to pay mortgage interest and other expenses. If the rental income of the property is not enough to cover the full loan interest and expenses, the investor can deduct the remaining part as a liability against personal income tax. This deduction can reduce the tax burden on investors, thereby encouraging more people to invest in the real estate market. What are the advantages of Australia's negative tax deduction? 1. Reduced tax burden Australia's negative tax deduction policy allows investors to deduct mortgage interest and other expenses, thereby reducing personal income tax. This can make real estate investment more attractive, especially for those with high incomes. 2. Improve cash flow: By using debt financing, investors can get cash flow in the short term without having to pay for the full purchase cost of the home. This allows investors to grow their real estate portfolios faster and generate higher rates of return. 3. Asset appreciation Property prices tend to rise over time. Therefore, Australia's negative gearing tax policy allows investors to gain income while their assets appreciate. 4. Expand the range of options Under negative gearing, investors can expand their options when considering buying an investment property in Australia. Otherwise, investing only in properties with positive cash flow is often limited to areas with high rental returns rather than areas with high long-term appreciation potential. How do I achieve a negative tax deduction in Australia? Australia’s negative gearing tax does not simply mean that if the rent cannot cover the mortgage, the investor has to "stick" their own money to maintain the house. In fact, the beauty is that negative gearing can deduct non-cash depreciation, and then deduct the tax payable with the "loss" on the book. In reality, the “loss” on the book is often not a real cash loss, but if the house price rises, it will not be regarded as "income" on the book, and it will not increase taxes as a result! In fact, investing in real estate in Australia is like running a business: The Australian Taxation Office (ATO) treats investing in property as a "small business", where you are the shareholder of the business. The property you invest in is a fixed asset; the property management agency is CEO or manager; your tenant is the customer; and the rent paid by the tenant is your "income". To maintain the business, mortgage interest, sewage charges, house depreciation, property management, maintenance costs and insurance premiums are all considered expenses. The detailed items, calculation methods and practical examples of the negative tax deduction on buying a property in Australia are described in detail in my book "Buying a Property in Australia to Create Financial Freedom" (click to jump to the book page). Who is suitable for negative tax deductions in Australia? High-income people are more inclined to this tax arrangement because cash flow is not an issue and can significantly reduce taxes. At the same time, they can enjoy long-term capital appreciation. In Australia, doctors, lawyers, IT and other high-income earners will have several sets of real estate under their accounts for tax deduction. As a result, high-income earners usually pay less tax each year than low-wage earners, or even don't pay taxes. Low-income people who want to achieve financial freedom by investing in Australian property are also suited. These people are more inclined to use positive leverage because cash flow is a more pressing issue. When negative gearing boosts cash flow for such investors, they can invest in new investments more quickly and expand the size of their assets. While there are many benefits to investing in property under Australia’s negative gearing tax rule, it has always been a controversial policy. Some people believe that Australia's negative tax policy is actually encouraging more people to participate in real estate investment, resulting in an increase in demand for investment properties, which in turn pushes up house prices and puts pressure on ordinary families. At the same time, there are risks associated with negative gearing policies, and investors may be exposed to financial risks if they rely on negative gearing policies without an effective investment strategy or management. If their investment property in Australia does not generate sufficient rent or return on investment, they may be forced to sell the property to cover liabilities or living expenses. Therefore, investors should carefully assess the risks and benefits of the negative tax deduction policy, and formulate effective investment strategies and management methods to avoid potential risks. 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/

Due to the long popularity of the Australian property market, many people are looking to buy a building for their children so that they can live in Australia in the future or the whole family can immigrate to Australia. The potential for investment appreciation is also excellent. However, for parents, some problems continue to linger. For example, whose name will the property be in, and can international students buy a property in Australia? When buying real estate in Australia, the contract can be put in your name, your child’s name, or both. The basic condition is that the child must be 18 years old. I suggest that even if the property is bought for children to live in whilst studying in Australia, it is best to place it in the parents’ names. There are 3 main points to consider: 1. It is inconvenient to apply for a mortgage From the perspective of buying a house, you must provide proof of income. If you buy a house in your child’s name, students cannot handle a mortgage in Australia without income. Although international students can also provide income proof through work in Australia, applying for a mortgage to buy property is still difficult because of their low salaries and unstable work. If the parents buy a house and add the name of their child, there is the problem that the child does not have the income to reduce the parent’s loan ability because children still depend on their parents. 2. The risk of property Putting the property solely in your child’s name whilst they study is not recommended. When young people come to study in Australia, they often want to fall in love, and sometimes they live under one roof. But according to Australian law, if this relationship breaks down, the other party may enjoy legal protection. For example, Australia’s cohabitation relationships (including same-sex relationships) enjoy legal protection. Once the two parties live together for 12 months, they can be defined as being in a “de facto” relationship. After a relationship breakdown, the division of property stipulates that the property of both parties will be regarded as putting joint income into the overall asset pool. We sometimes see similar incidents in Australian news where two international students studied together and fell in love in Australia. After breaking up, the other party claimed half of the other person’s property, including real estate. 3. Influencing children’s preferential policy after immigration to Australia The Australian government has the first tax discount for local citizens and permanent residents. If parents buy a property in Australia when their children are studying here, the child already had a property in Australia before they immigrated. Therefore, although international students can buy property in Australia, the most secure thing is to put the house under the name of their parents. There is no loss in doing so because Australia has no inheritance tax for direct relatives. Therefore, in the future, children can inherit real estate in Australia without paying inheritance taxes. If inheritance is used for the purposes of overseas property investment in Australia, you need to pay related value-added tax when selling real estate. You can also watch the video below to learn more about Australia property news: 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/

visa” because of its simple application conditions and high investment. The annual snapshot of Australian immigration shows that in 2020-21, China overtook India for the first time and became Australia's main source of migrants, (occupying 22,207 immigration quotas, a substantial increase compared with 2020), basically recovering to the pre-pandemic level. Among the applicants for the 188C visa, immigrants from Hong Kong and the Chinese mainland accounted for 89.9%; it can be said that the 188C immigrant visa is almost covered by Chinese. But in September last year, Australia announced the news that the 188C visa was going to be cancelled or revisited. Therefore, friends who meet the conditions of the 188C investment immigration visa and are interested in immigrating to Australia should seize the opportunity to do so now. What is the 188C immigrant visa? The Australian 188C Significant Investor Stream, also known as the 188C Investment Migration Visa, is one of the 188 visa categories for Australian business immigrants. It is suitable for applicants who are willing to invest at least AUD $5 million in Australia, and want to maintain business and investment activities in Australia. 188C visa applicants need to be nominated by an Australian state or local government, or by the Australian Business Commission on behalf of the Australian Government. Holding the 188C immigrant visa is the first stage of qualifying for the Business Innovation and Investment (Permanent) visa (888 visa). The 188C visa was previously valid for four years and three months, with its validity period being adjusted to 5 years after July 1, 2021. If the applicant needs additional time to meet the requirements of the permanent residence visa (subclass 888), the applicant can extend their time in Australia by extending the visa. 188C temporary visa holders can apply for a 4-year extension visa, so the visa is then valid for up to 8 years. The main advantages of the 188C investment immigration visa No age limit; No English requirement: No scoring requirements; Fast approval speed; Relaxed residency requirements (can apply for two extensions); Eligible immediate family members can apply for temporary residence and corresponding permanent residence visas; Visa holders are free to travel to and from Australia; and During the visa period, children can attend Australian public primary and secondary schools. The general requirements for the 188C visa Be invited to apply; Guaranteed by the state government; Have successful business or investment experience; Have sufficient personal and business assets; Invest at least $5 million in Australia; The applicant and all family members must meet certain health and conduct requirements; and Applicants aged 18 orover must sign an Australian Values Statement confirming that the applicant will respect the Australian lifestyle and comply with Australian law. 188C visa application requirements If, after meeting the requirements for the 188C immigrant visa, the applicant wants to switch to the 888 permanent visa, he or she needs to have a real and achievable commitment to: Reside in the nominating state or territory; Continue to operate and invest in Australia after the expiry of the 188C temporary visa; During the period of holding the 188C temporary visa, the applicant has resided in Australia for at least 40 days per year (cumulative), or his or her spouse has lived in Australia for at least 180 days per year (cumulative); The applicant, the applicant's partner or the applicant and his/her partner jointly have a net asset of at least AUD $5 million, which is at the disposal of legitimate income and can be used to make a qualifying investment in Australia; The applicant and his/her partner have not engaged in unacceptable business or investment activities; 188C temporary visa applicants and family members over the age of 18 must agree not to take any action against the federal government for any losses associated with qualifying investments; According to Australian tax law, income earned by 188C from designated investments in Australia is subject to tax; and 188C temporary visa applicants must make a qualifying investment of at least AUD $5 million or a qualifying major investment for 4 years. Compliant major investment applications after 1 July 2021 (4-year significant investment of $5 million for the following businesses): At least $1,000,000 in venture capital and growth private equity funds to invest in start-ups and small private businesses ($500,000 before 1 July 2021); At least AUD $1.5 million of approved managed funds invested in ASX listed emerging companies; and Balanced investments of up to $2.5 million in managed funds that may invest in a range of assets, including ASX listed companies, Australian corporate bonds or notes, annuities and commercial real estate (July 2021). The investment amount before 1 day is 3 million Australian dollars). The 188C visa application process Submit an Application for Immigrant Intent (EOI). Apply for and obtain a state guarantee. Get an EOI invitation. Complete the asset audit. Submit application materials. Obtain an interview or exemption from interview notice and supplement materials. Physical examination, payment of English contribution fund. Visa signed. The 188C investment immigration visa application fee State sponsorship application fee; depending on the state standard, ranging from free to hundreds of Australian dollars. Visa Application Fee: Main applicant - AU$8,925 Secondary applicants over 18 years of age - AU$4,465 Dependent applicants under 18 years of age - AU$2,235 Language Training Fee: If the main applicant does not have an IELTS TRF with a total score of 4.5, a language fee of AU$9,795 will be payable. A spouse or accompanying children over 18 years of age who do not achieve an overall IELTS score of 4.5 will be charged a language study fee of AU$4,890 per person. (Note: The above fees are subject to the final fee charged by the Australian immigration department). Epilogue: Australia is a country with high welfare and high taxes, and many wealthy Chinese have obtained Australian status quickly and simply through the 188C investment immigration visa. In view of the possibility that Australia may suspend these visas in the future because of the lack of follow-up power for Australia's economic development, now is the time to act. Applications are just open for 188C immigrant visas FY22/23, so applicants who sign up now can still submit and get an invitation letter to lock in the policy for the current fiscal year. 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/

According to international practice, a vacancy rate for commercial housing of between 5 and 10% is a reasonable area, and a vacancy rate of between 10 and 20% is a vacancy danger area. In Australia, the vacancy rate has been below 5% for many years, indicating that housing is in short supply. So that's why more and more people are investing in Australian property. In 2023, Australia's housing vacancy rate has dropped to less than 1%, and the continuous influx of immigrants and international students has made rent in major Australian cities unattainable. Overseas people who invest in real estate in Australia have therefore gained huge benefits. 1. What is the Australian Vacancy Tax? The Vacancy Fee is an annual fee paid by overseas owners who own an Australian residential property that is unoccupied for more than half of the year (183days). This is to reduce the vacancy rate and thus provide more housing opportunities for Australian residents. The fee is levied by the Australian Taxation Office(ATO) to assess whether and how much needs to be levied based on the "vacancy tax return" filed by all overseas owners. 2. Who needs to pay Australian Vacancy Tax? People who meet the following conditions will need to pay vacancy tax in Australia: 1. Overseas owners, i.e. persons who are not Australian citizens or who do not ordinarily reside in Australia (who have not lived in Australia for at least 200 days in the past 12 months); 2. Persons who own a residential property and fail to live in it within one year or fail to rent or sell it to the market for more than 183 days; and 3. The property is a property approved for purchase by the Foreign Investment Review Board (FIRB). 3. How much is the Australian Vacancy Tax? According to information provided on the Australian Tax Office's website, the vacancy tax is usually the same as the FIRB application fee paid by investors when submitting a foreign investment application. The ATO calculates the specific cost based on the vacancy tax return filed by the owner, so you don’t have to calculate it yourself. 4. How do I file Australian Vacancy Tax? Overseas buyers should be reminded that if you buy a property that has been rented out for more than 183 days in this financial year, you do not need to pay a vacancy fee to the Australian Tax Office, but you still need to declare the vacancy tax exemption to the ATO every year. All overseas buyers applying for FIRB Australia approval to purchase residential properties are required to file an annual vacancy tax return. The Australian Vacancy Tax Return will record the details of the property and will help the ATO decide whether to impose a vacancy fee on it or not. Buyers will generally receive an annual email from the ATO as a reminder to Lodge Vacancy Fee. Even if they do not receive a reminder, owners must remember to file their own taxes. The vacancy tax return can be downloaded here: https://www.ato.gov.au/FIRBvacancyfee/, or you can contact a lawyer to help with the application. The deadline for filing Vacancy Tax is every 12 months plus 30 days after the owner's purchase. The time is usually calculated from the date on which the owner has the right to take possession of the property, which is the date of closing. If the property is sold on January 1, for example, you will need to file a Vacancy Tax Return by January 30 of each year. Late payments may incur penalties or interest. Once your return is submitted, you'll be taken to a confirmation page with information about the amount of vacancy tax and payment methods. The payment amount and payment due date will also be mentioned in the email sent to the owner. 5. How do I get an exemption for Vacancy Tax in Australia? For those who do not want to pay a vacancy fee, the simplest way is to not leave the house empty (at least, don’t leave it vacant for more than half of a financial year). So whether you rent it out or live there with relatives and/or friends, you can avoid paying vacancy tax. If during a vacancy period you can prove that the house has not intentionally been left vacant, such as traveling abroad, then you can also avoid paying. Specifically, you may be exempt from Vacancy Tax in Australia if the following conditions are met, but a return and related supporting documents will still need to be filed. Exemptions include: 1. The house has been rented for more than 6 months, or self-occupied for more than 6 months, or relatives, friends or other people have lived for more than 6 months (no need to sign a lease); 2. The house is damaged, unsafe or unfit as a residential dwelling; 3. Occupancy in the property is prohibited or restricted pursuant to a court or arbitral tribunal order, or under federal, state or territorial law; 4. The permanent resident of the house (who may not be a foreigner) is unable to continue living there due to long-term hospitalization or nursing care; 5. The registered owner has passed away and the administration of the estate is still incomplete - death certificate of the registered owner of the property; 6. The owner is no longer an overseas tax resident - visa certificate; or 7. The legal ownership of the property has changed within the year. For more information, please visit the ATO website: https://www.ato.gov.au/General/Foreign-investment-in-Australia/Annual-vacancy-fee/#Vacancyfeeexemptions In particular, homes used for short-term rentals (i.e. rentals for less than 30 days) - including AirBnBs - are not considered to have been genuinely used for residential purposes even if they are actually rented for more than 183 days in a year, and are therefore subject to Vacancy Tax 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/

Deciding to buy property in Australia will probably be one of the most life-changing, and perhaps daunting, decisions of your life with many factors to carefully consider. Buying a property in Australia is actually not as complicated as imagined. Although the process seems to be a lot, but Australia's laws are very sound, so professionals will help you deal with all matters, and you don't need to work hard yourself. At the same time, overseas people can also apply for mortgages when buying properties in Australia, and the procedures are simple, and the interest rates are not too high. In addition to self-occupation, houses can also be rented out. The rent is used to offset the monthly housing payment and there is still a surplus. This is "housing to support a house". Of course, the most important thing is that as personal permanent property, Australian real estate can be passed on from generation to generation without any inheritance tax. It is a good choice for family wealth inheritance. Many wealthy people from all over the world will regard Australian real estate as a must-have option when making asset allocation. So, if you want to buy a property in Australia, what preparations should you make? This article will explain in detail all the processes and precautions that you have to go through when buying real estate in Australia, and help those who want to buy overseas, especially Australian real estate, but suffer from lack of experience, to realize their dreams. Guide: 1. How to choose the major cities in Australia? 2. What types of real estate are there in Australia? 3. How much does it cost to buy a property in Australia? 4. What are the specific procedures for buying a property in Australia? How to choose the major cities in Australia? The major capital cities in Australia are what we focus on when we invest. Among them, the total population of Melbourne and Sydney accounts for half of the total population of Australia, and they are also the two cities where Chinese people like to settle. Specifically: 1. Melbourne Melbourne is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Since many people prefer Melbourne's livability and high-quality education environment, the investment strategy for buying property in Melbourne is to occupy a good location as soon as possible, because it will be more expensive and more remote in the future. We must know that the city of Melbourne is rapidly growing, and the cost of buying a property has increased accordingly. In the next 30-40 years, the population of Melbourne will surpass that of Sydney and become the most populous city in Australia. 2. Sydney Sydney is the commercial, trade, financial, cultural and tourist center of Australia, as well as the hub of sea, land and air transportation and communication in Oceania. My advice to investors who want to buy property in Sydney, Australia is to be cautious. Because in the past few years, everyone said that buying a property in Australia is buying Sydney, and its property prices have been pushed up very high, and the affordability is poor. However, purely from an investment point of view, you can also buy properties in more remote areas of Sydney, and choose properties that are currently not expensive but have a large potential for future appreciation. 3. Brisbane Brisbane has a warm climate all year round and the scenery is like spring. 365 days a year, there are very few severe cold and severe heat. The 2032 Summer Olympics will be held in Brisbane, Australia, driving up property prices in Australia's third-largest city. It can be said that the next ten years will be the golden decade of Brisbane's real estate growth, and it is an important investment location when everyone considers buying a property in Australia. If you plan ahead, build a real estate investment portfolio reasonably, and buy a property in Brisbane, Australia, the next ten years will most likely be a good opportunity for investors to achieve their financial freedom goals as soon as possible. 4. Perth Perth is the capital of Western Australia and the fourth largest city in Australia. With a pleasant climate and a beautiful environment, the city is known as the "City of Wildflowers" and has been ranked among the best cities in the world for livable cities many times. In addition, Perth also has excellent performance in tourism and education. With the recovery of the mining industry, Perth's economic indicators are even better. Overseas people buying properties in Perth, Australia are also increasing year by year. 5. Adelaide Adelaide is the capital city of South Australia. It is loved by overseas people for its vast and numerous parks, blue-gray sandstone buildings and relaxed and pleasant lifestyle. From the perspective of property purchase investment in Australia, Adelaide is like a blue chip stock. The rate of return may not be comparable to that of Melbourne and Sydney, two international metropolises, but the cost of property purchase is very reasonable in Australia, especially It is exactly half of the cost of buying a property in the two cities of Sydney and Melbourne! It can be said that the real estate here is low-risk, stable and long-term. 6. Gold Coast Gold Coast is the sixth largest city in Australia. It is located on the eastern coast and is famous for its abundant sunshine, white sandy beaches and clear blue water. Every year, the number of international tourists continues to increase, and more and more people buy properties, further stimulating the development of the economy. In addition to the well-developed tourism industry, the economy, education, medical care, and welfare in the Gold Coast area are all well-developed. And these factors will definitely attract more overseas people to immigrate and buy properties in this seaside city in Australia. The increase in immigration waves will accelerate the development of the property market and stimulate housing prices to rise. What types of properties are there for buying properties in Australia? Australian real estate buildings are roughly divided into 3 categories: House, Townhouse and Apartment. Each has its own advantages, each leading the way. If you plan to buy a property in Australia, you must also think about the type of property you want to buy in advance. 1. House detached house/villa The villa house in Australia is a one-story or two-story detached house with its own independent yard and its own house. Each House is built independently, and the style can be varied, and the homeowner can rebuild the house according to his personal preferences. Generally speaking, the cost of buying a House in Australia is the highest. 2. Townhouse Townhouse’s townhouse nature limits the size of the yard. Generally, several houses are designed in a unified style, and even part of the interior decoration may be unified. The price of buying a townhouse in Australia is lower than that of a house, but it also has a private garden and terrace, which makes the occupants feel like living in a house. 3. Apartment Apartment is a common apartment in China, with at least 3 floors, each building has one or more units, and each unit has one or more households on each floor. Generally speaking, the security of Apartment is the best, and most of them have access control system. Suitable for students and young skilled immigrants, the apartment area is about 80-90 to more than 200 square meters, with strata property rights. For overseas people, apartments are their first choice when buying properties in Australia, because apartments are mostly new houses, and modernized with high rental returns, they are very good investment products. How much does it cost to buy a property in Australia? The first thing in buying a property is to prepare, by making sure your financial situation will enable you to make the purchase. To get your finances in order it’s a good idea to have a budget, establish a savings goal and work out how much you can afford to save each week, fortnight or month towards buying a house. As most people need a home loan to finance their purchase, engage with your lender or mortgage broker early to see how much you can afford to borrow. This is known as pre-approval. More importantly, some miscellaneous expenses that may be incurred when buying an Australian property will increase the cost of buying a house to a certain extent, not only in terms of money, but also in terms of time. Therefore, planning all the expenses required for buying a property in Australia in advance will avoid unexpected financial constraints as much as possible. In addition to the cost of buying a property in Australia, you should also be aware of the cost of holding it. In general, these costs include: FIRB, stamp duty, legal fees, real estate loan agency fees, housing property insurance premiums, city appearance construction fees + sewage charges + land tax or property fees, etc. 1. Foreign Ownership Fee (FIRB) For overseas people, FIRB (Foreign Investment Review Board Australia Foreign Investment Review Committee) is a cost that must be calculated when buying a property in Australia. According to current regulations, foreigners (those who have not yet obtained permanent residence in Australia) need to obtain FIRB approval to buy a property in Australia. They need to fill out a residential real estate application form and pay an application fee. The amount of the fee depends on the value of the property. . Residential real estate that overseas people can apply for buying a property in Australia includes: new housing, second-hand housing (with restrictions), redevelopment properties, off-plan housing and idle residential land. 2. Stamp Duty All state governments in Australia charge stamp duty on the purchase of real estate, and the basic tax rate is 5.5%. However, for overseas buyers who want to buy properties in Australia, in addition to the Northern Territory, other states and territories will also charge stamp duty surcharges. Taking Melbourne as an example, it is 8%. However, compared with the 20 per cent surcharge imposed on foreign buyers in Singapore and Vancouver, the foreign stamp duty surcharge for buying property in Australia does not seem to be that high. In addition, buyers who purchase land and villa projects in Australia can also save stamp duty on the housing construction part. 3. Conveyancing Fees When buying a property in Australia, the legal transfer of real estate ownership is generally carried out by a lawyer who handles the real estate transfer certificate professionally. There is no way for individuals to handle it. Therefore, lawyer fees are also an inevitable procedural cost. Every time you buy a property in Australia, you need a lawyer to participate, and the lawyer's fee generally ranges from $800-$2,000 +GST. 4. Housing loan agency fees (Finance Broker Fee) Generally speaking, there is no fee to consult and apply for a loan before buying an Australian property, but there may be account opening fees and other related handling fees involved. Customers can make more comparisons of specific interest rates and fees according to their own needs, and then choose the institution they want to borrow. The mortgage consultant will also give relevant professional advice. 5. Home property insurance (Insurance) In order to prevent any damage inside the house and the loss of property inside the house, after purchasing an Australian building, the general buyer can consider purchasing this insurance to ensure that the damage inside the house is guaranteed. If it is an apartment or a multi-set townhouse, the property The management will generally bear the cost of insurance outside the house, and the owner does not have to pay. 6. Council Rate+Water Rate+Land Tax The purchase of buildings such as houses and townhouses in Australia generally involves city appearance construction costs, sewage charges and land taxes, which are usually charged quarterly. Generally speaking, after buying a property in Australia, especially a house, you need to pay a municipal fee of about $1200 a year, which will vary depending on the government. Sewage charges generally range from $500 to $1200, and are paid to the government by the landlord or agent. The land tax varies according to the assessed value of the land, and usually costs several hundred Australian dollars. If you are an overseas person, there is an additional tax rate. . 7. Body Corporate When buying a property in Australia, it should be noted that property management fees will be charged for three or more townhouses and apartments on one site, but correspondingly, the land tax and municipal fees for these two types of properties are relatively low, or do not need to be paid. Property management fees for Australian buildings are levied according to the types of public facilities provided by the community or real estate. If the public facilities are very complete, including gymnasiums and swimming pools, the fees will be relatively high. 8. Agent Management Fees Taking care of the property through a leasing agency can effectively ensure the collection of rent and the payment of various housing expenses. Even if the landlord is overseas, there is no need to worry about buying an Australian property. Generally, the management fee for long-term rentals ranges from 5.5% to 7.5% of the rent, and the intermediary will also give the owner a detailed statement of the expenditure, which reduces the complicated matters for overseas owners. What are the specific procedures for buying a property in Australia? There’s no denying Australians have a love affair with property. Around two-thirds of us are homeowners1 and for many, buying a home is a lifelong dream. It’s also the most expensive purchase many people will ever make, so given the stakes, it pays to do your research and understand what’s involved in the buying process before making a leap into the property market. 1. Choosing the suburb and type of property Before buying a property in Australia, you must choose the city you want to invest in, and then it is best to choose a suitable property to buy through an intermediary who holds a photo of an Australian real estate agency. When overseas people buy Australian properties, they must pay attention to the screening of intermediary qualifications. If your intermediary does not have the qualifications to sell properties in Australia, once a dispute arises, it can be said that the laws of the two countries will not protect you. 2. Find a lawyer Australia is a country with an extremely sound legal system, and a lawyer must be involved in buying and selling real estate. However, please note that when buying a property in Australia, the lawyer is only responsible for checking the contract, confirming legal compliance, etc., and does not comment on the value of the house. The buyer must bear the risk of buying a property in Australia. Floor plans, brochures, etc., if they are not part of the contract (usually they are not), are for reference only and are not legally binding. The contract usually does not specify the area in square meters, but only the legend of property rights. 3. Apply for FIRB Overseas buyers need to submit an application to the Foreign Investment Review Board (FIRB) before buying a property in Australia. The application must be made for a specific property in Australia that overseas buyers intend to purchase. Overseas buyers must obtain FIRB approval before signing the purchase contract, or sign the contract as Subject to FIRB, otherwise they will be deemed to violate FIRB regulations and be fined or even more severely punished. This process is recommended to be assisted by the buyer's lawyer. Please refer to the information on the official website of FIRB https://firb.gov.au/guidance-notes. 4. Sign the contract Buying a house in Australia, the buyer and the seller must sign the house purchase contract before they form a contractual relationship. For existing homes (including brand new homes and second-hand homes), the seller usually requires that what you see is what you buy, and the price is based on the current state of the property. Once the buyer finds that some facilities are inconsistent with the state before the exchange contract during the final inspection before delivery, relevant evidence needs to be provided. 5. Pay 10% deposit When buying a property in Australia, after signing the purchase contract, the buyer needs to transfer a 10% deposit of the contract price to the trust account of the intermediary or the seller's lawyer. According to the practice in Victoria, when the off-plan housing contract is delivered, the buyer does not delay delivery or refuse to deliver on the condition of loan or status change. 6. Cooling-off period Generally speaking, after deciding to buy a property in Australia, the buyer has a cooling-off period of three working days after signing the contract, which will vary according to the laws of each state. During the cooling-off period, the buyer can decide not to buy the property but will lose 0.2% of the contract price, but the seller cannot go back and forth. If the 10% deposit has been paid, the seller will return 9.8% of the buyer's contract price. After that, the buyer and seller are bound to perform the contract, that is, the buyer must buy and the seller must sell, unless there are special terms to be met. 7. Getting home loan pre-approval Buyers who need to apply for a loan need to note that when buying a property in Australia, the loan is paid after the property is delivered. Therefore, it is particularly important to complete the loan application in advance before the settlement. For existing home buyers, you can apply for a loan pre-approval from a bank or a loan intermediary before you sign a contract to purchase an Australian property; or start preparing materials to apply for a loan after signing the contract. 8. Property inspections Regardless of whether the person is in Australia or overseas, before buying an Australian property, the buyer needs to make an appointment with the real estate agency for a final inspection. If a problem is found, the buyer's lawyer and the seller's lawyer can be notified to negotiate and solve the problem. The seller who fails to deliver on time can charge fines and penalty interest (usually 12% annual interest or higher) on a daily basis, and additional legal fees (at least several hundred), etc. If the overdue exceeds 14 days, the seller has the right to terminate the contract and confiscate Deposit, and sue for additional compensation for additional losses (if any) and not give the room. 9. Moving into your new home On the day of delivery, the buyer needs to pay all the final payment, and the items in the cost of buying a house in Australia also need to pay stamp duty, as well as third-party fees such as government and water bureaus, property companies, etc. Overseas people also need to pay for buying Australian properties. additional surcharges. After that, you can get the keys when you buy it, and the real estate has been successfully delivered! 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. 👉Wechat: +61452016137 👉Whatsapp: +61452016137/+85294496336 👉Telegram: +85294496336 👉LINE: rightkeyinvestment 👉Facebook: facebook.com/australianteacheralison

Australia is a popular destination for students from all over the world to study. It is home to many top universities, with a total of 42 tertiary education facilities. The "Australian Top Eight" is highly respected and recognized. There are many advantages to choosing to study in Australia. For Hong Kong students, each university has its own strengths and specialisations. It provides many study subjects that are not available in Hong Kong, so that each student can find their own areas of interest. So, what are the conditions and thresholds for studying in Australia, especially universities? Australian university application conditions Academic Requirements For Hong Kong students, if they want to apply for an Australian university, the best five or six subjects of the DSE are generally used. Depending on the chosen Australian university or subject, the application threshold ranges from 13 to 26 points. The following are the Australian university application thresholds for some popular subjects (the best five subjects in DSE): Architecture: 15 to 23 points Aviation: 16 to 19 points Business: 13 to 20 points Exercise Science: 13 to 20 points Literature courses: 16 points or more Hotel Management/Hospitality: 13 to 18 points Health Sciences (Physiotherapy, Occupational Therapy, Nursing, Pharmacy, etc.): 18+ Medical (Medical, Veterinary or Dental): 24+ points * The above information is for reference only, and the details are subject to the school’s announcement English requirements In terms of English requirements, the Australian university bachelor application requirements are generally DSE English score of 4 or IELTS of 6.0 to 6.5, whilst some specialist degrees require IELTS 7.0 and each sub-item score of not less than 7.0. Other ways to study in Australian universities 1. Studying in an Australian high school: The secondary school system in Australia is the same as Hong Kong’s six-year system. Therefore, Hong Kong students have another option, that is, secondary four students can choose to go to Australia to enter Year 11, and take the public examination in Year 12 to be admitted to an Australian university. 2. Studying basic classes: If students have completed Form 5 in Hong Kong, they can choose to apply for a one-year university basic class in Australia. After completion, they do not need to take public exams. As long as the internal exams meet the requirements, they can directly enter Australian universities. . 3. Study Certificate or Diploma courses: Applicants can also choose to apply for Australian universities to study Certificate or Diploma courses. This is a good entry route. Advantages of Hong Kong students applying for Australian universities The pathways for Hong Kong people to apply for permanent residence (PR) set up in Australia, Skilled Independent visas (subclass 189) and Skilled Regional visas (subclass 191), both provide a new classification for Hong Kong people - "Hong Kong stream". After a student has studied a 2-year degree course or above in Australia (including bachelor courses, Top-Up degree courses, master courses, etc.), he can apply for a Temporary Graduate visa (subclass 485) within 6 months of graduating. Hong Kong people holding a 485 Graduate visa can apply for a Skilled Independent visa (subclass 189) permanent residence visa after living anywhere in Australia for 4 years. If they live outside Sydney, Melbourne and Brisbane for 3 years, they can apply for a Skilled Regional visa (subclass 191) permanent residence visa. Hong Kong people holding a Temporary Graduate visa (subclass 485) can apply for a Skilled Independent visa (subclass 189) permanent residence visa after living anywhere in Australia for 4 years. If they live outside Sydney, Melbourne and Brisbane, after 3 years you can apply for a Skilled Regional visa (subclass 191) permanent residence visa. Applicants for the above permanent resident visas must hold a Hong Kong Special Administrative Region passport or BNO, and meet the "Common Criteria", such as health and character examinations, etc. - no scoring, no job assessment, and no annual salary requirements. 更多關於留學生租樓、買樓的資訊，請看我這條片： 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/