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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/

In Australia, it is popular to buy house and land packages. This is because they allow buyers to save more than 50% on stamp duty. In Australia, investors can also take advantage of depreciation rates - tax deductions. Most importantly, they can design their dream homes themselves. It is possible to select the floor plan, materials, and home features, and even a famous designer can be selected. This article will share some basic knowledge about buying land in Australia. Why buy a house and land package in Australia? Many Australian “buying land” projects will be in development positions, as many houses and apartments have been built in mature areas. Often, developers will buy land to split into multiple places and sell. Many of Australia’s “buying land” projects will be found in remote areas, including the Melbourne West District. A lot of the time, projects can be found on land that was previously used for agriculture or factories. Because the urban population increased yearly, the government planned for more residential land. This land could be used for buildings, so people could buy land to build their homes on. What is the biggest advantages? 1. Save stamp duty In Australia, buying land can save buyers a lot of stamp duty. Buyers only need to pay the stamp duty corresponding to the land value (the construction part does not require stamp duty). Compared with the stamp duty paid by directly purchasing existing or non-existing houses (off the plan), buying land saves considerably more in taxes. 2. Less initial investment needed In addition, it takes less initial investment to buy land. It can be paid in installments. For buyers, this means less time is needed to prepare funds. When buying land in Australia, only 5-10% of the land price is required as a deposit, ensuring you have enough to prepare the remaining funds and handle loans. Precautions for buying house and land package in Australia 1. Developers sell only land If you intend to build a house in Australia, you will sign a land contract with the developer. Developers only provide land - that is, developers buy a large piece of land and then split it into smaller pockets for sale. Developers sometimes also offer architectural packages for which they can receive a rebate. In my experience, developers usually partner with small builders, though the quality may not be guaranteed. Of course, the developers will not be responsible in this situation. 2. Choose a good architect The construction contract is the essence of the whole building. After you buy land, you will choose a suitable Australian architect to start designing the property. You will want to consider size, design, quality, and price. 3. The quality of the land affects the start of the build When buying land in Australia, you must pay attention to the quality of your land purchase. Sometimes, different land geology will affect land prices and the cost of the building. For example, the construction fee will increase if the land is inclined. If you opt for a more complicated design, the higher the price will be, meaning you need more funds to complete the complex design, and the cost of building will be higher. The classification of building contracts After buying land in Australia, you must find a suitable builder and sign building contracts. Building contracts are generally divided into two types: 1. From scratch (custom build) When you have a concept, find a designer to implement it. Designers usually charge by the hour. Just like with a lawyer, if you call or send an email, you have to pay each time. Therefore, if you want to find this type of designer, it is recommended that you do your homework in advance and have a clear architectural concept in mind before signing a building contract. 2. Using the template of the builder (project build) I recommend this method because the builders’ templates are usually diverse enough to provide options. As long as you choose your favourite template, you can build a house you like in Australia with little difficulty. Because you have to pay for each change to the house yourself, coupled with the time to design and buy materials, this type of design has several opportunities for delays. I had a friend who designed a house in Australia and then found someone to build it. The process usually takes around eight months, but it took him two years. I suggest not making your designs too complicated; instead, choose the most practical and simple design from architectural templates. The process of building a house in Australia The first stage is the foundation, and the second is building a bracket. The third stage is the house, doors, windows, and roof to seal the house. The fourth stage is the most intense and exciting, where you install wires, water pipes, heating, air conditioning, and decoration. If you design using architecture templates, the construction time is about 6 to 8 months. If the design is complicated, the project may not be completed for over a year. Other tips for buying house and land packages in Australia I have two tips to share with friends who want to buy land in Australia. First, hiring a builder to help you inspect the building before receiving it is best. As there is no checklist to help you inspect the building, you may find problems with paint or elsewhere. It is important to remember that in the end, builders may not be held responsible for unchecked issues. Although the law guarantees the construction structure, issues with the structure are not easy to see quickly. If you have an inspector to help you check for structural and non-structural issues, this can avoid any disputes in the future. At the same time, you can find any problems so that you can solve these in time. The second tip is to try to choose a building design template. Whilst this provides you with a good idea of what the finished build will look like, there is potential for increased risks, like delays and changing costs. By comparison, if you create the design from scratch, the risk may be relatively high and the cost will be high. Because of this, I suggest you use the template design of the builder, as this is the easiest and fastest way to build your dream home. 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/

Every country has its own unique culture and customs. If we are preparing to invest in Australia, what “Australian characteristics” can help us choose a suitable property? Buying properties in Australia is not an easy task. How do you identify what kind of property is worth investing in as an asset? In short, any property suitable for living is good; if you invest, you need to buy a house suitable for tenants to live in to earn high returns. However, no matter the purpose, the secret to investing in Australia is the better, the better, and the longer you hold, the better. Then, in terms of details, if you want to choose a high-quality, investment-level Australian property, you must pay attention to these 8 skills: 1. Geographical location In Australia, excellent geographical location is key to the preservation and addition of value to the property. People who have lived in Australia for many years will have a clear concept of the “district” of a city. Because the characteristics of each area are different, the economic standards, supporting facilities, and public security levels are different. From the perspective of long-term appreciation, many Chinese friends have witnessed the popularity of the Glen Waverley real estate market in Melbourne, so it is not difficult to see that the next hot spot is Doncaster East. Regarding rental returns, Australian apartments are the best type of property for cash flow; there will always be good rental returns in the city centre or areas near the CBD. 2. Market demand Before buying properties in Australia, you must ensure that you or your agency has done a market survey. You need to know what type of real estate in different regions is in the most demand for the market. For example, if your budget is limited, but you want to buy a house, Melbourne’s Werribee and Berwick areas are all emerging areas of vigorous development. It is recommended to start as soon as possible to get the dividends brought by the next round of Australian real estate. 3. Local thinking Many Chinese friends who buy buildings in Australia often fall into the trap of purchasing Australian properties with inherent thinking. The real estate market in Australia and Hong Kong is very different. For example, many Chinese friends are rich, so they replace small houses with large houses, cheap houses with expensive houses, and broken houses with brand-new houses. This kind of house-purchasing behaviour is understandable; everyone wants to live in a large, bright house. However, this kind of house buying method and thinking model is bigger and more expensive and may only be consumer-type home-buying behaviour with the gradual expansion of debt scale and the gradual reduction of disposable cash flow. If you are involved in property investment in Australia and want to eventually increase your wealth and even achieve financial freedom through property investment, you must abandon your previous inherent thinking. Instead, choose to buy a house as soon as possible. Do not waste time on savings. Buy Australian real estate that you can afford. Then, hold it for a long time instead of selling it without slightly increasing the price. In this case, you should hold the property for one or more real estate growth cycles (7-10-15-30 years). When the property’s value is much higher than the purchase price (such as twice, three times, or even more), you will balance your liabilities and finally realise zero liabilities. You will also achieve a real estate investment portfolio with passive rental income. 4. School district trap When buying in Australia, many Chinese friends care about whether there are good primary schools and high schools, or universities around their property. They believe such a house is the same as in Hong Kong and appreciates faster. In fact, properties near schools and universities are not the fastest to add value in Australia. In addition, it is necessary to pay attention to a trap in Australian real estate here: the division of school districts in Australian real estate often changes. Sometimes, there will be a set of two houses in the school district, where one is in the school district, and the other is not. Before buying, you must find a reliable Australian licensed real estate agent to understand school districts, or log in to the official website of My School to learn more: https://www.myschool.edu.au/ 5. Pre-purchase survey If you are looking for new Australian apartments and real estate, then you must investigate who the developers and architects of the apartment are first to see how their previous apartments have been launched. If you like houses or townhouses, you need to understand the local urban planning while paying attention to builders – this can save a lot of unnecessary trouble. One of the situations people often encounter is buying properties with good scenery in Australia. Later, they discover that a developer is ready to build an apartment building next door, which will block the scenery. Another situation is that if your future neighbours are planning to carry out a large-scale renovation and the streets are designated as a regional transformation, then your plan after buying the property may be affected. If you want to know the urban planning and approval of real estate in a certain district of Australia, you can check it online. For example, in Melbourne, you can use www.landchecker.com.au. 6. Existing house advantage If you are going to buy existing real estate in Australia, then an apartment with a beautiful appearance and a small parking lot is the most popular choice. In Australia, if an apartment is a popular hot property when sold, it is likely to be a popular choice as a rental. Another advantage of buying real estate in Australia is that what you see is what you get, and all supporting facilities in this apartment can be seen before you buy. 7. Rental prospects Before investing in a property in Australia, check the potential customers in your area. Is there a railway station, university, shopping mall, small business district, unique professional college, or training centre in your area? If there is, generally, there will be a relatively strong demand for rentals, and rent will naturally rise. 8. Reasonable housing If you buy property in Australia, the purpose is mainly to invest. You must not be emotional. I understand that when people see the house they like, they will imagine a scenario in which they live in it and can’t help but want to buy it. Still, one thing you want to recognise is that you are buying a house for investment, not for yourself. The factors you must consider should be the rental return of the house, the room for increasing property value, etc. I have a customer who lives in Hong Kong all year round and buys Australian property to prepare for retirement. He bought a house that he thought was very beautiful. As a result, because of the factors that he did not consider, he could not rent it at a reasonable price. He has been facing retirement for at least 20 years and could have made a lot of rent if he had considered these factors initially. Summary: From the economic development perspective, real estate is an important factor and is upstream in asset value in the long run. From the perspective of investment income, investing in overseas real estate, on the one hand, through the rise in the value of the real estate itself, will allow you to obtain investment income. The other option is to obtain annual cash flow benefits through real estate rentals. Overseas rental yields are often very high, and Australian properties are among them. The advantages of Australia’s education standards, air quality, laws and regulations, food safety, etc., attract a large number of immigrants from all over the world each year, and these new immigrants will need to be equipped with Australian properties to meet their needs. Many parents will choose a house in a good school district in Australia to give their children a better education. Similarly, Australia attaches great importance to food safety and environmental issues. The purchase of Australian real estate can lay a good foundation for future immigrants so that they can enjoy a safer and healthier food and living environment. If you want to know more about buying Australian properties, you can watch my video, which teaches you how to deal with Australian real estate agencies when purchasing property as an overseas buyer: 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/

Introduction Australia has emerged as a coveted destination for real estate investment, attracting investors worldwide with its resilient property market and high-quality lifestyle. In this article, we will divide into two crucial aspects for prospective investors – the strategies for buying property in Australia and the key considerations that demand attention. Whether you're a seasoned investor or a first-time buyer, navigating the Australian real estate landscape requires a comprehensive understanding of the market dynamics and essential precautions. Let's explore the intricacies of purchasing property in Australia to ensure a well-informed and successful investment journey. In 2020, the Australian government actively implemented a series of policies in response to the global pandemic's impact, including a substantial fiscal budget, industry reforms, loan repayment extensions, and the Reserve Bank of Australia's implementation of a 0.1% ultra-low interest rate. These measures successfully maintained the stable growth of the Australian property market. Australia emerged as one of the few regions globally to sustain a robust real estate market amid the pandemic, making it an attractive destination for Hong Kong residents. Australia has long been renowned for its high-quality living environment, making it a sought-after destination for property investment among Hong Kong residents. To smoothly navigate the Australian property market, it is crucial to understand the trends in property prices and related considerations. The Australian property market is influenced by various factors, including location, urban development plans, and transportation convenience. Therefore, prospective buyers should thoroughly research the market dynamics of their desired purchase areas. For Hong Kong residents, the property purchasing process in Australia may differ slightly from that in Hong Kong, requiring a certain level of understanding and preparation. Whether it's obtaining rich information about the local property market, selecting suitable properties, or understanding Australia's loan system and relevant tax policies, these are critical aspects of buying property in Australia. Ensuring a comprehensive understanding of personal financial status and the Australian property market is essential throughout the property acquisition process. The strong performance of the Australian property market and its superior quality of life have indeed captured the attention of many Hong Kong residents. By delving into the dynamics of the Australian property market and strategically planning the property purchase process, this article will provide an in-depth analysis of strategies and considerations for buying property in Australia. This information aims to empower you to navigate the unfamiliar market confidently, allowing you to successfully become a property owner in this prosperous land – Australia. Guide to Buying Property in Australia 1.Understanding the Current State and Trends of the Australian Real Estate Market Australia's real estate market has consistently demonstrated robust growth, yet the nuances between different cities warrant in-depth exploration. We will delve into the distinct market conditions of major cities such as Sydney and Melbourne. Sydney Sydney, situated in New South Wales, stands as one of Australia's most populous and densely populated cities. In 2021, it secured the 11th position globally as the most livable city, according to The Economist. This mature metropolis boasts considerable capital gains in the property market, with remarkable potential for appreciation. The local government actively promotes the Metropolitan Plan, integrating land, buildings, and transportation infrastructure, with projections extending development efforts until 2036. This sustained development further elevates Sydney's real estate prospects, drawing investors to purchase property in the city. Melbourne Melbourne, located in the state of Victoria, stands as Australia's second-largest city and is widely recognized as a crucial hub representing Australian culture, often referred to as the "City of Arts." Melbourne has consecutively held its position as one of the most livable cities globally for seven years, securing the second-highest rental yield across Australia. To stimulate the property market, the local state government offers exemptions on stamp duty and land tax, aiming to assist homebuyers in easing the burden of property purchases. This initiative is a significant factor drawing many to invest in property in Melbourne. Perth Perth, situated in Western Australia, is Australia's fourth-largest city, experiencing rapid population growth. Renowned for its spacious and comfortable residential areas and high-quality standard of living, Perth has been consistently rated as one of the most livable cities globally, particularly favored by Hong Kong residents. Investing in property in Perth, both for purchase and rental, offers stable rental returns. Even during periods of greater market fluctuations in other Australian cities, Perth remains one of the regions with the highest appreciation rates, making buying property in Perth an ideal investment choice. Gold Coast In recent years, many individuals have been purchasing property on the Gold Coast, located along the coastline of Queensland. Known for its over 300 days of sunshine and a 57-kilometer-long coastline, the Gold Coast has gained prominence with the thriving tourism industry. The local property market has shown an upward trend, making it an undeniable investment haven in Australia. Brisbane Brisbane, situated in Queensland, is Australia's third-largest city. Compared to Sydney and Melbourne, the cost of living in Brisbane is relatively lower. Currently, Brisbane is undergoing large-scale infrastructure development plans, with the expectation that property prices will double in the next 8 to 10 years. Brisbane's real estate market demonstrates significant potential for appreciation. Adelaide Adelaide, located in South Australia, is Australia's fifth-largest city and ranks among the top ten most livable cities globally. Due to the comparatively affordable property prices in the local market, buying property in Adelaide has become an ideal choice for first-time homebuyers. Canberra As the capital of Australia, Canberra is a meticulously planned city. Its stable economy, thriving tourism industry, and extremely low vacancy rates contribute to the city consistently ranking third in rental returns nationwide. Approximately 80% of Canberra's residents have a university education, and 70% are public servants. Foreign buyers in Canberra are also attracted by the fact that they do not need to pay additional stamp duty, making property investment in Canberra particularly appealing to overseas investors. 2. Advantages and Reasons for Buying Property in Australia Australia, being a preferred destination for investment, attracts investors with its political stability, economic prosperity, high-quality education, and living standards. We will delve into these advantages to provide you with a comprehensive understanding of the motivations for investing in Australia. Firstly, the advantage of permanent property rights. Australian real estate grants permanent property rights, in contrast to Hong Kong's 99-year leases, providing both "ownership" and "usage rights." Most properties are Freehold, meaning permanent property rights with no time limit, allowing for intergenerational transmission. In terms of inheritance tax, Australia has none, enabling property owners to confidently pass on their assets to the next generation. The advantage of a continuously growing population. The attractiveness of the Australian property market lies in its mature stability and robust legal system, with continuous population growth being a major factor. Australia issues approximately 200,000 immigration quotas annually, and by 2031, housing demand is expected to surpass supply by 663,000 units. Coupled with the increasing demand for rentals, investors can benefit from a stable market with substantial growth potential. Legal protection and a robust property market. Australia ranks third globally in terms of transparency in property legislation, and the property market shows steady trends. Over the past three decades, Australian properties have averaged a 7% return on investment annually, reflecting the stable housing policies and subsidies provided by the Australian government. Large-scale infrastructure projects further drive property prices, create employment opportunities, making Australia an ideal destination for real estate investment. 3.Understanding Key Factors in Choosing Australian Property When selecting investment properties in Australia, various factors need to be considered, including the choice of Australian cities, community environment, and transportation convenience. These are crucial factors influencing property purchase decisions. Through a detailed analysis of these key factors, we will provide practical recommendations on how to choose locations that align with your investment goals. Rental Yield The rental yield of a property reflects the willingness of tenants to reside in that area. Therefore, observing whether rental prices are increasing is a direct indicator of the area's popularity. Ideally, look for areas where rents are expected to rise rather than remain stagnant. Such areas are often highly sought after, with buyers willing to pay higher prices. If properties in an area consistently sell with prices and rents steadily increasing, and there are multiple such properties in the area, it is likely to be a prosperous investment location. Days on Market A simple method to assess a property is by observing the number of days a property remains on the market. If a property takes over approximately 60 days to sell, there may be reasons deterring buyers. Conversely, a property that sells within 3-4 weeks indicates high demand and quick buyer interest. Generally, if a real estate market in an area is healthy, and homes sell quickly, it's worth considering property acquisition in that area. Most buyers consider 21-30 days as the optimal selling period. Vacancy Rate One of the primary concerns for property investors is the potential for long-term vacancies, hindering the property's rental income potential. Buyers need to pay attention to the vacancy rate in the area, as low vacancy rates make it easier to rent out properties at higher prices. High vacancy rates indicate that the area may not be desirable for tenants, with property supply exceeding demand, making it challenging to achieve higher rents or sell properties at a premium. Proximity to Quality Schools For families prioritizing their children's education, finding a property near a good school is crucial. These popular school districts often experience intense competition, with parents willing to pay higher property and municipal fees for the privilege of being close to schools. Properties near renowned Australian schools are likely to attract more buyers and tenants. Investors can charge higher rents, and over time, properties near schools tend to retain their value or even appreciate, as buyers consistently prioritize properties in school districts even in turbulent market conditions. Population Structure The younger generation, especially millennials, is leaving their mark on the real estate market. Generally, suburbs with a higher number of young residents experience a chain reaction of soaring property prices and rents. This is because the formation of new demographics and interests brings a series of facilities considered essential to the area. Young residents, composed of creative talents and graduates, are more likely to use their skills and abilities to enhance the community's attractiveness and popularity. Public Transportation Promising areas often have convenient transportation, be it buses, trains, or ferries. Potential tenants and property buyers look for more convenient and affordable transportation options. If a suburb is isolated from the rest of the city, property and land prices are likely to decrease. Lack of public transportation puts an area at a disadvantage. Reports indicate that a considerable number of potential property buyers in Australia consider travel time to important locations when searching for a house. Considerations When Buying Property in Australia 1. Approval from FIRB Purchasing property in Australia requires scrutiny by the FIRB (Foreign Investment Review Board). FIRB is the specialized body responsible for reviewing foreign investments. Everyone, except Australian citizens or those with permanent residency, must apply to FIRB online for approval before buying property in Australia. 2. Visa Restrictions on Property Buyers in Australia When purchasing property in Australia, different restrictions apply based on the type of visa the buyer holds: - Temporary or Bridging Visa Holders If you hold a temporary resident visa for a continuous period of 12 months or more or have a bridging visa issued while applying for a permanent visa, you can buy both new and existing properties. However, existing properties can only be used for personal residence and cannot be leased. - Short-Term Visa Holders If you hold a short-term visa, purchasing Australian property is subject to scrutiny by the Australian government. Moreover, it is limited to buying new properties and excludes the purchase of existing properties. 3. Considerations for Overseas Property Mortgages Local banks in Australia do provide mortgage services for foreigners. However, similar to many countries, the eligibility criteria for foreigners applying for mortgages are stringent. It is recommended that property buyers hire mortgage consultants to handle the application process. The loan-to-value ratio for foreigners is typically 70% of the property value, with annual interest rates ranging between 6.5% and 8%. 4. Tax and Fee Considerations for Buying Property in Australia There are several taxes and fees associated with purchasing property in Australia, including: - Stamp Duty The rate varies across different states and is borne by the buyer. - Foreign Buyer Stamp Duty Some states in Australia impose additional stamp duty on foreign buyers. - Land Tax The rate depends on the state. - Land Tax Surcharge Some states charge an additional land tax for foreign buyers. - Foreign Investment Review Board Fee The buyer is charged an investment review fee based on the property type and sale price. 5. Post-Purchase Property Valuation, Maintenance, and Leasing Considerations After buying property in Australia, property valuation, maintenance, and leasing are crucial aspects for long-term investment returns. Seeking assistance from professional Australian real estate experts and understanding the local property market through advice and recommendations can help investors formulate comprehensive property management strategies. Avoiding Pitfalls When Buying Property in Australia 1. Failure to Seek Professional Advice It's a common pitfall to be overly confident and not seek advice from professionals before buying property in Australia. Due to variations in property purchasing laws and regulations in each country, many investors often underestimate the unique legal system and buying procedures in Australia. To avoid falling into this trap when buying property in Australia, investors should proactively seek advice from professional experts in Australian law, taxation, and real estate. This ensures that the investment plan for buying property in Australia is legal and manageable in terms of risks. 2. Approaching Property Investment with a "One-Time Effort" Attitude Treating investment in Australian properties as a one-time effort is another noteworthy pitfall. Some investors may expect permanent profits through a single investment, overlooking the variables in property management and market fluctuations in Australia. In reality, investing in Australian properties requires long-term operation and management, with timely adjustments to strategies to adapt to market changes. Investors in Australian property should maintain rationality, avoid being misled by the idea of a "one-time effort," and instead adopt proactive and effective management methods to pursue long-term stable returns. 3. Blindly Trusting Media Hype Media hype often has a strong impact on Australian property investors and is an easy trap to fall into. Unfounded market predictions or hotspot reports may lead investors to blindly believe in market conditions, resulting in hasty investment decisions. The Australian real estate market is complex and dynamic, and investors should stay calm, not be influenced by media hype, carefully analyze market data and trends, or seek professional advice to develop reasonable investment strategies. 4. Inability to Identify Property Investment Scams In the Australian property market, there are some investment scams that investors may fall into due to an inability to identify them. This includes false Australian property details, fabricated return expectations, and illegal sales tactics. To guard against this pitfall, investors should be cautious, avoid trusting investment projects of uncertain origin, and obtain reliable information through legal channels to ensure the legitimacy and security of their investments. While there are numerous opportunities in the Australian property market, the probability of risks cannot be ignored. Investors should remain vigilant, seek professional advice, approach the market rationally, and identify and avoid potential pitfalls to ensure the safety and long-term value appreciation of their property investments in Australia. Summary Investing in Australian properties is not just an investment, it's a well-thought-out plan. In-depth understanding of the Australian property market and meticulous decision-making are key to success. First and foremost, recognizing the importance of a comprehensive strategy and considerations for buying property in Australia is not only about risk management but also ensuring the long-term stability and appreciation of investments. Secondly, seeking advice from professionals before investing in Australian properties is crucial. Through a thorough understanding of market conditions and in-depth research on property trends, making wise choices with a calm mindset becomes paramount. Finally, for those looking to invest in Australian properties and avoid investment pitfalls, exploring additional resources and information through various channels is essential. With over a decade of focus on the Australian real estate industry and being an immigrant from Hong Kong, Alison is dedicated to helping more and more people plan and achieve their investment goals. Compared to other property websites, Alison provides a personal touch with professional experience to cater to diverse property needs. The success of investing in Australian properties not only depends on seizing market opportunities but also requires a wealth of knowledge and a cautious mindset to ensure steady and long-term development of investments. 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/

Introduction Australia is renowned globally for its robust tax system and relatively high Australian tax rates. This article delves into Australia's income tax revenue system, including tax year, taxation principles, scope of taxation, tax residents versus non-residents, tax rates, deductions, filing methods, deadlines, and refund procedures, to elucidate the specifics of the tax regime. This article aims to aid Australian residents in understanding how the income tax system operates, particularly beneficial for new immigrants to Australia and expatriates. By gaining a deeper understanding of tax regulations, individuals can manage their finances more effectively and legally minimize tax obligations. Additionally, for those planning to migrate to or invest in Australia, such information about Australian income tax and tax rates provides valuable reference, aiding in better financial planning for life and work in Australia. 1. Tax Year The tax year in Australia, often referred to as the fiscal year, spans from July 1st to June 30th of the following year. This timeframe is used by the Australian government to assess the tax situation for individuals and businesses. The adoption of this fiscal year in Australia is rooted in historical reasons and practical necessity. The full year from July 1st to June 30th provides a clear basis for calculations. Aligning with the Australian government's budgeting and financial planning, this timeframe ensures a more reasonable match between tax revenue and expenditure. Additionally, Australia's fiscal year aligns with the general conventions of other countries, facilitating international financial reporting and comparisons. 2. Taxation Principles Australia is a high-tax country, and its tax system is based on the principle of worldwide taxation for residents, establishing different tax obligations for Australian tax residents and non-residents. Australian tax residents are required to declare and pay taxes on their worldwide income, regardless of whether the income is earned within Australia or overseas. Non-residents, on the other hand, only need to report income earned within Australia. This principle of worldwide taxation is common internationally and aims to ensure that individuals and businesses are subject to taxation on their income worldwide. Firstly, it's important to differentiate between Australian tax residents and non-residents. According to Australian tax law, a person is considered a tax resident primarily based on their residency status in Australia, including the duration of residency and the intention to reside. Additionally, individuals with long-term employment or family ties in Australia may also be considered tax residents. For businesses, being registered in Australia or primarily conducting business operations in Australia classifies them as tax residents. For Australian tax residents, they are required to declare and pay taxes on their worldwide income, including but not limited to salaries, investment income, real estate gains, such as investment property income in Australia, obtained both domestically and internationally. This means that even if an Australian tax resident earns income outside of Australia, they are still required to report and pay taxes in Australia. Conversely, non-residents only need to report and pay taxes on income earned within Australia. This implies that non-residents do not need to report income earned overseas, as only income related to Australia falls under the jurisdiction of Australian tax laws. The principle of worldwide taxation reflects the comprehensiveness and inclusiveness of the Australian tax system. By taxing income worldwide, Australia ensures fairness and effectiveness in tax collection, while also preventing individuals and businesses from evading tax responsibilities through cross-border tax planning. Simultaneously, this provides the Australian government with more tax revenue to support public services and infrastructure development. Therefore, the principle of worldwide taxation plays a crucial role in the Australian tax system, contributing significantly to maintaining tax order and national fiscal stability. 3. Scope of Taxation The scope of taxation in Australia is extensive, covering various aspects of income. Income subject to Australian income tax includes wages, retirement pensions, investment returns, business income, and occasional earnings. 3.1. Wage Income Wage income is the most common and significant component. It encompasses earnings such as wages, salaries, bonuses, and allowances received from employers. Australian tax law imposes income tax on wage income, with different tax rates based on income levels. 3.2. Retirement Pensions Retirement pensions are also within the scope of taxation. This includes income from various retirement plans or funds, such as government pensions. Australia's tax treatment of retirement pensions may vary based on individuals' ages and the nature of retirement plans. 3.3. Investment Returns Investment returns are also part of the taxable scope. This includes dividends, interest, stocks, and real estate gains. Australia implements different tax policies on investment returns, with potentially lower tax rates for long-term investments. Real estate gains, including rental income from properties and capital gains from property sales, are also subject to income tax. Australian tax law typically allows landlords to deduct relevant expenses from rental income, while capital gains from property sales may receive different tax treatments based on property holding periods and individual residency statuses. 3.4. Business Income Business income is also taxable, including income derived from one's own business or profession, whether as a sole proprietor, partnership, or trust. While the taxation of business income in Australia may vary slightly from other forms of income, it still requires compliance with income tax laws. 3.5. Other Occasional Earnings Occasional earnings are also considered within the taxable scope. This includes income from asset sales, bonuses, winnings, or income from side businesses, insurance payouts, etc. Australia's taxation of these incomes may vary, but typically requires taxation based on the income amount. In summary, the scope of taxation in Australia encompasses various forms of income, including but not limited to wages, retirement pensions, investment returns, business income, and occasional earnings. These tax revenues are crucial sources for the Australian government to maintain public services and infrastructure development and are key factors in maintaining national fiscal stability. 4. Australian Tax Residents and Non-Residents An Australian tax resident refers to a taxpayer who is "residing" in Australia, a definition that differs from that of the Australian Immigration Department. The Australian Taxation Office (ATO) considers factors such as intent to reside, family, employment, assets, and lifestyle arrangements rather than solely relying on visas. Consequently, individuals of non-Australian nationality studying, working, or investing in Australia may become tax residents, whereas even Australian citizens who do not reside in Australia frequently may not meet residency requirements. The Australian Taxation Office (ATO) employs four primary tests to determine if a taxpayer meets the criteria for Australian tax residency, including the Resides Test, Domicile Test, 183-days Test, and Commonwealth Superannuation Test. 4.1. Resides Test: Considers an individual's settled circumstances during the relevant tax year, including intent to reside in Australia, frequency and purpose of visits to Australia, business or employment ties with Australia, ownership of property or assets in Australia, and family and social ties. 4.2. The Domicile Test: Assesses an individual's permanent residence to determine Australian tax residency. If Australia is the individual's domicile, they are considered Australian tax residents. If an individual permanently changes domicile, the new domicile can become the residence. 4.3. The 183-days Test: Applies to individuals staying in Australia to assess if they meet tax residency requirements. If an individual stays in Australia for 183 days or more within a fiscal year, whether continuously or intermittently, they meet the condition, but the purpose of the stay still needs consideration. 4.4. The Commonwealth Superannuation Test: Applies to overseas-employed Commonwealth government employees or members of CSS, PSS. Additionally, for new residents unfamiliar or uncertain about their status, the Australian Taxation Office (ATO) provides online tools for checking tax residency status, allowing individuals to assess their situations online. 5. Tax Rates 5.1. Australia's income tax system operates on a progressive tax rate basis. Australia employs a progressive tax rate system, which is based on an individual's income level. This means that Australian tax rates increase gradually as individuals' taxable income increases. Different tax rates apply to Australian tax residents, non-residents, minors, and individuals on working holiday visas. This system aims to ensure that higher-income earners bear a greater tax burden while providing certain exemptions for lower-income earners, achieving fairness and social justice in the tax system. Different tax rate schedules apply to Australian tax residents and non-residents. Australia's income tax rate schedules are typically divided into several ranges, each corresponding to a specific tax rate. For example, lower income levels may enjoy lower tax rates, while higher income levels may be subject to higher tax rates. Additionally, Australia usually sets a tax rate threshold, below which income may be completely tax-free or subject to lower tax rates. Australia's income tax rates are adjusted annually to reflect changes in inflation rates and economic conditions. The Australian government may adjust tax rates based on national fiscal needs and economic objectives to ensure that tax revenue is sufficient to support public services and infrastructure development while maintaining economic stability and growth. 5.2. Australia's income tax system also includes various special tax credits and deductions. These items help taxpayers reduce their tax liabilities. For example, Australia may provide tax offsets for specific expenditure items such as education expenses, medical expenses, charitable donations, etc. Overall, Australia's income tax rate system aims to maintain social fairness and justice through equitable tax distribution. Through the progressive tax rate system and various tax relief measures, Australia is committed to ensuring that taxpayers of different income levels bear relatively fair tax burdens while safeguarding the quality of life for low-income earners. 5.3. Different tax rate schedules apply to Australian tax residents and non-residents. You can find relevant information about tax rates on the official website of the Australian government. The Australian Taxation Office (ATO) is the agency responsible for managing and enforcing the Australian tax system. Their website provides various tax-related information and tools, including tax rate schedules, tax guides, and tax calculators. You can also visit the ATO's official website (www.ato.gov.au) to inquire about relevant information on Australian tax rates. On this website, you can find the latest Australian tax rate schedules, understand the different tax rates applicable to Australian tax residents and non-residents, and learn more about various tax credits and deductions in detail. In addition, the ATO offers online services where you can log in to your personal tax account to access your tax information, including tax filing status, tax benefits, and tax payments. If you have any questions about tax rates or other tax-related issues, you can also directly contact the Australian Taxation Office, and their customer service team will provide assistance and support. 6. Deductible Expenses In Australia, taxpayers have the right to claim deductions for specific expenses related to their income, as stipulated by Australian tax laws. These deductible expenses are intended to allow taxpayers to reasonably reduce their tax liabilities, reflecting a fairness principle in the Australian tax system that taxpayers should not be taxed again on expenses already incurred and related to income. Deductible expenses related to income can include, but are not limited to, the following aspects: 6.1. Business Costs For self-employed individuals or those engaged in profit-making activities, they can deduct costs and expenses related to operating their businesses, such as office rent, equipment purchases, employee wages, administrative expenses, etc. These expenses must be reasonable expenditures directly related to the operation of the business. 6.2. Job-Related Expenses For individuals engaged in specific professions, they can deduct expenses related to their work, including but not limited to professional training, work tools, professional membership fees, travel expenses, etc. These expenses must be necessary and reasonable expenditures incurred in the course of employment. 6.3. Investment Costs Taxpayers can deduct costs and expenses related to investments, such as trading fees for stocks and funds, investment advisory fees, interest expenses, etc. These expenses must be reasonable expenditures related to the taxpayer's investment activities. 6.4. Education Expenses In certain circumstances, taxpayers may deduct expenses related to education, including tuition fees, textbook costs, professional training fees, etc. Generally, these expenses must be directly related to the taxpayer's existing occupation or industry. Deductible expenses provide taxpayers with certain tax advantages in Australia, allowing them to reasonably reduce their tax liabilities. However, it is important for taxpayers to ensure that these expenses are legal, reasonable, directly related to their income, and that they can provide the necessary evidence and documentation to support their deductions. Therefore, when filing taxes, taxpayers should properly retain relevant receipts and records for evidence when needed. 7. Filing Methods Regarding the filing methods for Australian taxation, taxpayers have the option to either self-lodge or engage professional tax agents to lodge on their behalf. Taxpayers can lodge their tax returns online through the Australian Taxation Office (ATO) website or by submitting paper tax forms. 8. Filing Deadline The deadline for tax filing in Australia is set between July 1st and October 31st each year. This period is mandated by the Australian Taxation Office, and all taxpayers are required to complete their annual tax returns and pay the corresponding taxes within this timeframe. During this period, taxpayers need to prepare relevant tax documents and information, complete the tax return forms accurately and comprehensively, ensuring the accuracy and completeness of their filings. If needed, taxpayers can obtain the necessary tax return forms from the Australian Taxation Office or seek assistance from tax professionals. Delays in submitting tax returns may result in unnecessary tax penalties and legal consequences, so taxpayers should aim to complete their Australian tax filings within the filing deadline. If unable to file within the deadline, taxpayers should promptly apply for a tax extension from the Australian Taxation Office and provide valid reasons. 9. Tax Refund Process In Australia, after taxpayers complete their tax returns, they may need to either pay additional tax or receive a tax refund based on their tax situation. Paying additional tax refers to taxpayers discovering that the amount owed is greater than the tax already paid, requiring them to pay the difference. On the other hand, receiving a tax refund means taxpayers finding that the amount owed is less than the tax already paid, and the excess amount should be refunded by the Australian Taxation Office. Taxpayers can choose different methods to receive their tax refund, typically including the following options: 9.1. Cheque The Australian Taxation Office will send the tax refund amount in the form of a cheque to the mailing address provided by the taxpayer. Upon receiving the cheque, the taxpayer can either cash it or deposit it into a bank account. 9.2. Direct Deposit Taxpayers can choose to have the tax refund amount directly deposited into their provided bank account. This requires the taxpayer to provide accurate bank account information, including the account name, bank code, branch number, etc., on the tax return form. 9.3. Prepaid Credit Card If the taxpayer chooses to use a prepaid credit card, the Australian Taxation Office will deposit the tax refund amount directly into the prepaid credit card account provided by the taxpayer. 9.4. Overpayment of Tax Taxpayers can also choose to leave the tax refund amount with the Australian Taxation Office as a prepayment of future tax liabilities to offset future taxes owed. Regardless of the method chosen by the taxpayer to receive the tax refund, the Australian Taxation Office will process it promptly within a reasonable timeframe. Taxpayers should ensure they carefully fill out the relevant information on their tax returns to provide accurate payment details to avoid delays in processing the tax refund. Summary In conclusion, concerning the fundamental aspects of Australia's income tax system, including tax rates, tax year, taxation principles, scope of taxation, determination of tax residency status, income tax rates, allowable deductions, basic tax offsets, filing methods, filing deadlines, and tax refund processes, it mainly reflects Australia's tax system aims to ensure fairness and equity. The Australian tax system provides taxpayers with a fair and transparent tax environment, promoting social stability and economic development in Australia. Disclaimer: This article is provided for general informational purposes only and does not constitute professional tax advice or opinion. While efforts have been made to provide relevant tax information, accuracy cannot be guaranteed. If there are any inaccuracies or omissions, readers are advised to consult the official website of the tax authority for comprehensive content or seek advice from a professional tax advisor for more accurate guidance. 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/

【Introduction】 For Hong Kong investors, seeking opportunities in overseas real estate has become a common choice, and the Perth market in Australia is increasingly attracting the attention of international investors. However, before investing in Perth properties in Australia, there are some key considerations worth understanding in depth. Firstly, understanding local laws, regulations, and foreign investment restrictions is crucial. Australia has certain limitations and conditions for foreign investors purchasing real estate, including the requirement of approval from the Foreign Investment Review Board. Additionally, Hong Kong investors should delve into the characteristics and trends of the Australian real estate market, as well as the socio-economic environment and development prospects of the region. The significance of this article lies in providing valuable information and advice for future investors in Perth, Australia, helping them better comprehend the various factors and property types in the Perth real estate market. By reading this article, investors will be able to grasp the investment environment, market potential, and crucial considerations before investing in Perth properties. This will aid them in making informed investment decisions, mitigating risks, and maximizing investment returns. Overall, as a guide to Perth, Australia, this article aims to provide practical information and advice for investors in Perth properties and those considering purchasing Australian real estate, assisting them in achieving success in the Australian property market Introduction of Perth, Australia 1. Location and Climate Situated in Australia in the Southern Hemisphere, Perth is surrounded by pristine oceans, offering rich marine ecosystems and unparalleled beach landscapes, attracting adventurers and tourists worldwide. In recent years, Perth, known as the jewel of Western Australia, has gained increasing attention for its magnificent coastline, expansive blue skies, unique geography, and pleasant climate. Perth's geographical location earns it the title of the "City of Sunlight" in Australia. Positioned south of the equator, it enjoys a temperate climate with mild winters and cool summers. This unique climate attracts numerous international tourists and immigrants while providing excellent conditions for beach enthusiasts and water sports enthusiasts alike. Whether strolling along Perth's urban beaches or engaging in activities like surfing, diving, or sailing in the nearby waters, one can experience the beauty and vitality of nature in this city. 2. Economic Development in Perth Western Australia's economy relies primarily on diversified industries such as mining, agriculture, and tourism, ensuring stable economic growth and employment opportunities in the Perth region. Firstly, Western Australia is renowned for its abundant mineral resources, with Perth boasting substantial reserves of iron ore, gold, nickel, zinc, among others. These valuable resources contribute significantly to Western Australia's economic prosperity, attracting numerous international investors. Secondly, agriculture serves as another vital pillar of the state's economic development. With its favorable climate and fertile land, Western Australia is suitable for cultivating various crops including wheat, wool, grapes, and fruits. Agricultural exports generate substantial foreign exchange earnings for Western Australia and enjoy a favorable reputation in international markets. Moreover, Western Australia's rich natural landscapes and unique culture attract a multitude of tourists. From magnificent coastlines to vast deserts, pristine jungles, and ancient cultural heritage, the thriving tourism industry in Perth, Western Australia, injects vitality into the local economy. In summary, Western Australia's economic development reflects a diverse and robust trend. The flourishing industries of mining, agriculture, and tourism contribute to sustained economic benefits for the region, offering residents abundant job opportunities and a high quality of life. 3. Importance of Choosing the Right Investment Area in Real Estate In Australia, real estate investment is a common avenue, however, selecting the appropriate investment area is crucial. For investors, choosing the right investment area can yield significant returns, while investing in the wrong area may result in substantial losses. Firstly, selecting the right investment area can bring stable rental income and appreciation potential. Areas with good infrastructure, convenient transportation, and quality school districts can attract long-term tenants and homebuyers, increasing demand for investment properties and subsequently raising rental income and property prices. Secondly, choosing the right investment area can mitigate risks and enhance investment returns. Some areas may face issues such as high crime rates, low employment rates, or oversupply, which could adversely affect investment returns. Therefore, choosing areas with stable economic growth and development potential is crucial for real estate investors in Australia. However, choosing the wrong area may entail risks such as difficulty in recovering rental income, price declines, or inability to rent out properties. Remote or economically underdeveloped areas may suffer from insufficient demand, leading to losses for investors. In conclusion, selecting the right investment area is crucial for real estate investors. According to the latest data, the Western Australian property market has shown steady growth over the past year, with average price growth rates surpassing the national average. Especially in major cities such as Perth, property investors can expect long-term stable rental yields and even higher-than-expected returns after purchasing properties. Furthermore, economic growth and infrastructure investment in Western Australia further enhance the vibrancy and prospects of the local real estate market. 4. Characteristics of the Perth Property Market The property market in Perth, Australia, boasts several advantages and distinctive features that set it apart from other regions. Firstly, property prices in Perth are relatively affordable, making it one of the most budget-friendly major cities in Australia. Secondly, Perth's property market exhibits higher stability and minimal fluctuations, being less influenced by government policies and economic factors. Thirdly, Perth boasts superior natural surroundings and a pleasant climate, attracting both local and international buyers. Additionally, in recent years, the city's real estate market has been stimulated by advancements in technology and innovation, leading to price increases in certain areas. Overall, the Perth property market is renowned for its affordability, stability, and beautiful natural environment, attracting numerous international real estate investors and residents. 5. Long-Term Value of Investing in Perth Real Estate Investing in Perth real estate offers long-term value. Firstly, Perth enjoys a stable economic and political environment, resulting in less susceptibility to external fluctuations and lower investment risks in the property market. Secondly, Perth's population growth rate remains stable, and property prices are relatively lower, favoring long-term investments. Additionally, Perth's natural landscapes and climate attract residents and tourists, enhancing property values. Moreover, with the development of technology and innovation industries, Perth's real estate market is poised for further growth. In summary, investing in Perth real estate offers long-term stable appreciation potential, making it one of the most attractive investment choices in Australian real estate. Introduction of Perth Properties 1. Overview of Popular Properties in Perth Perth boasts numerous popular properties worth considering. These include upscale apartments located in the city center, such as those around Perth's Elizabeth Quay and CBD areas, featuring modern architecture and convenient lifestyle amenities. Additionally, coastal and lakeside areas, such as Champion Lakes and Mandurah suburbs, offer sought-after beachfront villas and lakeside apartments, providing charming lifestyles with captivating sea or lake views. Furthermore, suburban luxury estates are highly coveted for their comfortable living environments and proximity to quality school districts. It's worth mentioning that in recent years, emerging communities in Perth, characterized by low density and eco-friendliness, like the City of Armadale, have also attracted many families and investors. Overall, Perth's popular properties encompass various locations and styles, catering to the diverse needs and preferences of buyers and investors. 2. Explanation and Analysis of Different Types of Perth Properties When selecting properties in Perth, Australia, investors and residents have the option to choose from different types of properties, including apartments, villas, and townhouses. Each type has its unique advantages and disadvantages. Below is a comparative analysis: (1) Perth Apartments: Ideal Choice for Modern Living Advantages of Perth Apartments: Convenient Lifestyle: Many apartments in Perth are situated in or around the city center, offering a convenient lifestyle with proximity to shops, restaurants, and entertainment venues. Modern Facilities: Perth apartments typically boast modern facilities and amenities, including swimming pools, gyms, and security features, providing a comfortable living environment. Maintenance Convenience: As the maintenance of Perth apartments is usually handled by property management companies, investors, landlords, and residents don't need to expend much effort or time on property repairs. Disadvantages of Perth Apartments: Space Limitation: Perth apartments generally offer smaller spaces compared to villas and townhouses, particularly in downtown areas, which may result in limited living space. Crowding and Noise: Since apartments are often located in city centers or bustling areas, residents may face issues related to crowding and noise, impacting the quality of living. Higher Property Management Fees: Due to the additional costs associated with property management for Perth apartments, including cleaning fees, apartment building manager fees, pool maintenance fees if applicable, as well as elevator repairs and other maintenance expenses, the property management fees for apartments tend to be higher. (2) Perth Houses: Private and Luxurious Living Environment Advantages of Perth Houses: Larger Space: Perth houses typically offer more indoor and outdoor space, providing a richer living experience and greater privacy. Luxury and Comfort: Perth houses are often designed luxuriously, equipped with high-end facilities and spacious living areas, allowing residents to enjoy a more comfortable lifestyle. Privacy and Security: Perth houses are often situated on independent plots of land, offering better privacy and security, suitable for those seeking privacy and tranquility. Disadvantages of Perth Houses: High Prices: Perth houses generally come with higher price tags, making them unsuitable for all buyers or investors. Isolation: As houses are typically located in more secluded areas, residents may sometimes feel isolated, with less interaction with neighbors, resulting in relatively limited social lives. (3) Perth Townhouses: Blend of Space and Community Convenience Advantages of Perth Townhouses: Ample Space: Perth townhouses generally offer more space than apartments, providing additional indoor and outdoor activity areas suitable for family living. Community Convenience: Perth townhouses are often located in well-planned communities, offering shared facilities and conveniences such as parks, swimming pools, and gyms. Disadvantages of Perth Townhouses: Reduced Privacy: Perth townhouses share some spaces such as walls and gardens with other units, potentially compromising residents' privacy. Community Fees: Perth townhouses typically require payment of community fees for maintenance of shared facilities and community management, adding to the cost of living. Overall, different types of properties in Perth come with their own advantages and disadvantages. Perth property investors and residents can choose the most suitable property type based on their needs, budget, and lifestyle. Perth Property Buying Guide 1. Market Research Before Investing in Perth Real Estate Perth's property market has undergone the following three changes in the past and present: Firstly, in the year 2023, Australian property prices surged by as much as 8.1%, with the market heat shifting from the eastern states to the west. Perth, Australia, became the capital city with the fastest housing sales, with a price increase of 15.2%. According to reports and data provided by Australia's real estate data company CoreLogic, the median time for house sales in Perth is only around 11 days, 10 days less than the second-ranked city, Brisbane. This indicates that the Perth housing market is more favorable to sellers, with buyers having little bargaining power. Secondly, Perth, Australia, has seen a record-low vacancy rate for rental properties for four consecutive years. According to data from Australian research company SQM Research, Perth, Western Australia, has the lowest rental vacancy rate in Australia, at only 0.4%. This suggests a persistently tight rental market in Perth, with demand for rental properties far outstripping supply. Thirdly, the performance of the Australian property market over the past year has shown a strong growth trend in the Perth real estate market, with the rental market also maintaining stable demand. This is likely to attract more Perth property investors and residents to pay attention to and continue investing in Perth real estate, thereby driving economic development in the Perth region. 2. Legal Procedures and Considerations for Investing in Perth Real Estate The general process of buying property in Perth, Australia is as follows: (The following steps are provided for reference only, and specific guidance should be sought from professional real estate agents and lawyers to obtain the latest policy advice.) (1) Determine requirements: Consider your financial situation and needs, choose the type of property, such as an apartment, house, or land, and engage relevant professionals, such as real estate agents, mortgage brokers, accountants, and lawyers. (2) Obtain pre-approval for a loan: Inquire about loan schemes and obtain pre-approval for a loan as much as possible to ensure smooth progress of the property purchase plan. (3) Search for properties: Search for properties on real estate websites, paying attention to whether the properties comply with the requirements of the Foreign Investment Review Board (FIRB). (4) Sign a contract: Under the advice of a lawyer, sign a sales contract with cooling-off period and FIRB approval clauses, and pay a small deposit. (5) Obtain mortgage approval: The mortgage broker will help you apply for a mortgage to ensure formal approval of the mortgage. (6) Exchange contracts: Exchange contracts with the seller and pay a 10% deposit. (7) FIRB approval: Apply for and obtain approval from FIRB for foreign investment. (8) Settlement day: Conduct final inspection and settlement procedures with the real estate agent on the settlement day and obtain the keys to the property. 3. Financial Planning for Investing in Perth Real Estate Investors who are considering or intending to purchase properties in Perth, Australia, whether as owner-occupiers or investors, must undertake careful financial planning before proceeding with their Perth real estate investment. Here are some procedural suggestions: (1) Pre-market Financial Assessment: Assess your financial situation, including income, expenses, assets, and debts. Determine your financial capacity and investment objectives. (2) Budget Planning: Develop a clear budget plan, including budget for purchasing Perth real estate, mortgage loan repayments, and property management fees. (3) Source of Funds: Determine the source of funds for purchasing Perth real estate, including personal funds, mortgage loans, and other investments. (4) Tax Planning: Understand Australia's tax system, including property tax, land tax, and capital gains tax, and legally minimize your tax burden while also understanding the tax system in the Perth area of Western Australia. (5) Investment Objectives: Define your real estate investment objectives, whether it's long-term appreciation, short-term rental return, or a mixed investment approach. (6) Risk Management: Evaluate the risks of investing in Australian real estate, including market risk, rental risk, and financial risk, and devise strategies to mitigate these risks. (7) Market Research: Gain in-depth understanding of the trends and characteristics of the Australian Perth real estate market, including property prices in different areas of Perth, rental yields, and supply-demand dynamics. (8) Professional Advice: Seek advice from professional financial advisors, Perth real estate agents, and Australian lawyers to ensure that your Perth real estate investment plan is legal, reasonable, and has potential returns. (9) Supervisory Management: Regularly monitor your investments, including income, expenses, and market changes, and adjust investment strategies and plans in a timely manner. Six Things Hong Kong Investors Should Consider When Investing or Buying Property in Perth, Australia The real estate market in Perth, Australia, is open to foreign individuals, including non-permanent residents or citizens of Australia, which means that Hong Kong investors can also invest in properties in Perth. However, there are certain regulations, restrictions, and considerations that they must be aware of: Firstly, Foreign Investment Approval: Non-residents of Australia seeking to purchase property in Australia must obtain approval from the Foreign Investment Review Board (FIRB). Investors interested in buying property in Perth, Australia, can apply online but are required to pay corresponding fees. Secondly, Restrictions on Property Types: Foreign investors, including those from Hong Kong, are subject to restrictions on the types of properties they can purchase. For instance, they cannot buy existing residential properties, and when purchasing vacant land, they must construct residential dwellings within four years. There are no such restrictions for purchasing newly built residential properties, but FIRB approval is required before purchasing, unless the developer has obtained an FIRB exemption certificate for the project. Thirdly, Taxes and Subsidies: In certain states of Australia, additional taxes may be imposed on foreign investors, including those from Hong Kong. Additionally, Hong Kong investors purchasing property in Perth, Australia, need to verify the latest policy provisions and inquire about property ownership subsidy schemes tailored for individuals from different countries and investors in different regions, as provided by the Australian government. Fourthly, Hong Kong individuals purchasing property in Perth must ensure compliance with relevant regulations and restrictions and carefully consider financial planning. Fifthly, Market Changes and Investment Opportunities: Hong Kong investors purchasing real estate in Perth, Australia, need to monitor market changes and investment opportunities closely. As the city evolves, some emerging areas may become investment hotspots, offering greater potential for appreciation. Hong Kong investors should closely monitor market trends and select areas with potential for investment. Sixthly, Investigation of Local Characteristics and Demand: When Hong Kong investors purchase property in Perth, Australia, they need to consider the characteristics and demand of the area. The real estate market in different areas may differ; for example, waterfront areas may be more desirable, while suburbs may offer a quieter lifestyle. Hong Kong investors should choose the most suitable area for investment based on their preferences and requirements. In summary, for Hong Kong investors purchasing property in Perth, Australia, besides being mindful of relevant regulations and restrictions, they should also closely monitor market changes and investment opportunities and make wise choices based on local characteristics and demand. Advice on Investing in Perth Real Estate For investors looking to invest in Perth, Australia real estate, here are some suggestions: Firstly, investors should keep a close eye on market dynamics: Investors need to continuously monitor market dynamics, including the latest news and policy changes, both before and after purchasing property. Market supply and demand, government policy changes, and economic conditions can all impact real estate investments. By regularly reading relevant reports and information, investors can stay informed about market trends and make informed investment decisions. Secondly, choose a prudent investment strategy: When investing in Perth, Australia real estate, choosing a prudent investment strategy is crucial. This includes developing a long-term investment plan rather than blindly chasing short-term profits. Holding properties for the long term can reduce the risks associated with market fluctuations and help achieve long-term capital appreciation. Additionally, considering the risks of real estate investment, it is advisable for investors to diversify their investments and not concentrate all funds on a single property. Thirdly, conduct in-depth research on the characteristics and demand of the Perth area: Investors should conduct thorough research on the characteristics and demand of different areas in Perth, Australia when selecting investment properties. This includes the area's demographics, employment opportunities, schools, and facilities. Investors should consider the geographic location of the investment property, surrounding communities, and the potential rental market to ensure that their investments meet the needs of local residents and renters. Conclusion In conclusion, the real estate market in Perth, Australia, has shown a steady growth trend and provides investors with vast development opportunities. With the city's continued development and economic growth, we are optimistic about the future of the real estate market in Perth, Australia. Investors should maintain confidence and consider a long-term perspective as an important guide for investment. By staying abreast of market dynamics, conducting in-depth research on area characteristics, and establishing sound property management plans, investors can achieve sustainable investment returns in the Perth real estate market. For those who wish to learn more about Australian real estate or consult about Perth property, feel free to schedule a one-on-one consultation with Alison, our Australian expert, to gain further insights into Perth property opportunities. 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/

Introduction Melbourne, as an important city in Australia, not only boasts breathtaking cultural charm and captivating urban landscapes but also is renowned for its thriving real estate market. The city's vibrant growth is deeply rooted in its robust economic strength, outstanding educational resources, advantageous geographical location, and proactive government support. Melbourne is not just one of Australia's economic hubs but also a magnet for countless overseas investors, becoming a sought-after destination for property investment. In this dynamic and opportunistic city, real estate investors will find endless possibilities and rewarding returns. The question arises: how will Melbourne's property prices, current status, and future trends unfold? This article aims to provide in-depth, objective analysis, offering insights into the current status of property prices, future trends in Melbourne's property market, investment opportunities and challenges, and additional resources and references for those interested in understanding or entering Melbourne's real estate market in the future. 1. Melbourne Property Market Overview in 2024 Unveiling the Distinctive Features and Advantages of Melbourne's Real Estate Market The Melbourne real estate market has faced numerous challenges over the past few years, particularly during the pandemic. However, despite these challenges, Melbourne's property market has demonstrated remarkable resilience compared to other Australian capital cities. Economic and policy factors have significantly influenced the Melbourne property market, from the economic impact of the COVID-19 pandemic to being one of the longest-lockdown cities globally. Additionally, consecutive interest rate hikes by the Reserve Bank of Australia, record-low consumer confidence levels, negative media coverage, and tightened credit restrictions have all posed challenges to Melbourne's property market. According to the daily residential value index by CoreLogic, Melbourne's property prices dropped by 0.3% in December 2023 but still accumulated a 3.5% increase for the year. Proptrack's report also indicated a marginal increase of 0.04% in Melbourne's residential prices in November, resulting in a 1.39% increase compared to a year ago. Similarly, research from My Housing Market showed that Melbourne's property prices remained relatively stable in December, with a 3.4% increase over the past year. Despite slight variations in data from different research institutions, the overall trend suggests that Melbourne has emerged from its downturn. While Melbourne's property prices may not rebound as rapidly as some other Australian cities like Sydney in 2024, indicators from various real estate agencies suggest a continued upward trend in both property values and rents. Certainly, Melbourne comprises diverse property investment areas with varying market performances, some of which are predicted to outperform others in 2024. Specific analysis is required for different Melbourne properties to identify those with exceptional performance. However, overall, Melbourne's status as one of the most livable cities, repeatedly ranked as a world-class livable city, underscores its unparalleled advantages and investment highlights compared to other regions. Trends in Melbourne Property Prices at the Beginning of 2024 According to data from CoreLogic Australia, property prices in Melbourne saw a slight decrease of 0.1% in January 2024, with the average residential price in the city being set at $777,250 AUD. Some market commentators believe that such a minor decline may reflect temporary fluctuations in the Melbourne property market, but the overall trend of the Melbourne real estate market should not be overlooked. It is worth noting that signs of recovery may emerge in the Melbourne market as various factors ease. Throughout the entire year of 2023 and the beginning of 2024, Melbourne's clearance rates remained at a satisfactory level. In February 2024, according to statistics from an Australian real estate website, while property prices in Sydney rose by 0.5%, Brisbane by 0.9%, Darwin by 0.1%, Canberra by 0.7%, Adelaide by 1.1%, and Perth, recording the highest growth rate among all Australian cities, surged by 1.8%, Melbourne's property prices only experienced a marginal increase of 0.1%. Factors Influencing Melbourne Property Prices The trajectory of Melbourne's property prices in 2024 could be influenced by several factors: Firstly, Economic Factors: If Australia's economy continues to grow, with stable job markets and rising wages, property prices may witness significant increases. Conversely, economic downturns could dampen the upward momentum of property prices. Secondly, Supply and Demand Dynamics: Persistently high demand for housing coupled with limited supply may drive property prices up. Conversely, an oversupply relative to demand growth could stabilize or even lower property prices. Thirdly, Policy Factors: Government housing, loan, and tax policies in Australia can also impact property prices. Policies encouraging homeownership may stimulate price growth, while measures restricting foreign investment or increasing property taxes may curb price increases. Based on these factors, real estate agencies hypothesize that Melbourne's property prices could increase by 5% to 15% in 2024, contingent upon the interplay of these factors and market expectations. Similarly, rental price growth in Melbourne's property market is subject to various influences: Firstly, property price appreciation typically drives rental increases as landlords adjust rents based on property values. Secondly, demand-supply dynamics play a role; a shortage of rental properties amidst rising demand may push rents higher, while oversupply could stabilize or lower rents. Lastly, economic factors such as job markets, wage levels, and inflation also impact rental prices. Economic prosperity tends to drive rental increases, whereas economic downturns may suppress rental growth. Considering these factors, even though rental price growth in Melbourne is assumed to be between 3% and 10% in 2024, the specific trajectory will depend on market supply-demand dynamics, economic conditions, and policy adjustments. 2. Melbourne Property Price Trend Analysis Predictions and Trends Regarding Future Melbourne Property Prices The Bank of Queensland publicly predicts that Melbourne property prices will rise by $64,000 AUD in 2024, making it one of the regions with the highest property price growth in Australia. The Bank of Queensland also anticipates that Melbourne will become the city with the highest property price growth nationwide in 2025. Peter Munckton, Chief Economist at the Bank of Queensland, attributes this projection to Melbourne's lackluster property market performance in 2023, which he considers a key factor for future growth. The bank's forecasts even estimate that the average price of a typical Melbourne home will be $916,000 AUD in 2024, with an expected increase of $6,412 AUD, representing a 7% increase. In contrast, according to predictions from the Commonwealth Bank of Australia (CBA), there is a possibility of a 5% increase in property prices across Australia in 2024. Additionally, Paul, Chief Economist at HSBC Bank in Australia, expects a 6% increase in property prices in 2024, driven by tight supply and relatively strong population growth. Latest Reports Indicate Melbourne Property Prices to Reach New Heights in 2024 According to the Residential Property Prospects report, Melbourne's property prices are projected to surge from December 2023, with the median house price in Melbourne expected to rise to $1,047,300 AUD by June 2026. Maree Kilroy of Australia states that this will surpass Melbourne's previous peak median value of $1,105,900 AUD set in December 2021. However, the outlook for the next 12 months is less vibrant, with the median house price expected to increase by only 0.7% to $1,054,600 AUD. Factors Continuing to Influence Melbourne Property Prices in 2024 The trajectory of Melbourne's property prices in 2024 is not without its hurdles. However, what are the key factors that may affect the future trends of Melbourne property prices? Are these factors to be noted by Australian investors or those interested in Melbourne's property market before entering the market? First, the impact of updated property market policies in Australia may have implications. For instance, Australia's latest policy announcement imposes restrictions on foreign property buyers, with the government doubling the application fee for foreign nationals purchasing existing properties and increasing penalties for vacancies fivefold. While this policy has sparked considerable debate among investors, the Australian government aims to encourage investment in the new property market and attract foreign investors to invest in build-to-rent development projects by lowering application fees to the minimum level. These constantly evolving Australian property market policies are expected to have a certain degree of impact on Melbourne's property prices. Second, the influence of Australian immigration policies. According to the latest reforms by the Australian Department of Home Affairs, there have been significant changes in the Australian 485 visa. According to recent reports from the Australian Financial Review (AFR) and Daily Mail, under the latest visa reforms, the number of international students in Australia may decrease by at least 70,000. Additionally, under the new policy, an estimated 30,000 potential students may not pass the genuine student test, and 41,000 may not meet the higher English language requirements. Immigration policies are also one of the factors affecting changes in the Australian Melbourne property market. Third, the impact of fluctuations in Australian interest rates. Since the Federal Reserve's meeting on December 13 signaled maintaining interest rates unchanged while implying multiple rate cuts next year, Australian banks have begun issuing various reports and expectations for the property market in 2024. For example, the Commonwealth Bank of Australia predicts that property prices in Australia will grow by 3% this year and 5% next year. ANZ's estimates for the final stages of 2023 are more cautious, expecting prices to remain stable. These adjustments and fluctuations in interest rates are bound to affect the price trends of Melbourne's property market. Fourth, changes brought about by tax reduction plans. Australia's tax reduction plan, which will be implemented on July 1, 2024, merges the previous 32.5% and 37% tax brackets into a single 30% bracket, thereby raising the threshold for the highest tax rate to an annual income of $200,000 AUD. This legislation will have different impacts on individuals at different income levels. Some will save thousands in taxes, while others will need to pay more taxes than in previous years. Cameron Kusher, Director of Economic Research at PropTrack Australia, publicly stated that the third stage of the tax reduction plan, effective next year, could also stimulate housing demand as higher-income earners' disposable income increases, potentially leading to further increases in Australian property prices and directly or indirectly affecting Melbourne property prices. Investment Opportunities and Challenges in Melbourne Real Estate Investment Opportunities in Melbourne Real Estate: Investing in Melbourne's real estate market offers boundless opportunities. Firstly, as Australia's economic hub, Melbourne's property market has the potential for steady growth. With the city's economic development and population increase, opportunities for capital appreciation become more apparent. Secondly, Melbourne boasts numerous world-renowned universities and academic institutions, attracting a large number of international students annually. This student market inevitably drives Melbourne's property prices and ensures stable rental income. Lastly, the government's active promotion of urban and infrastructure development enhances Melbourne's quality of life and investment environment, striving to bring more opportunities and safeguards for Melbourne property market investors. Apart from these, Hong Kong residents have unique advantages in investing in Melbourne's real estate market. Hong Kong's multicultural background, known for its openness and inclusivity, facilitates easier integration into Australian society and life, fostering good relationships with locals. This is significant for investment, property management, and tenant relations in Australia, enhancing the success rate and returns on investment. Furthermore, Hong Kong investors benefit from legal and policy advantages. Hong Kong's robust legal system provides investors with legal protection in transactions and contract signings in Australia's Melbourne property market. Additionally, the stable political relationship between Hong Kong and Australia, coupled with the Australian government's open attitude towards foreign investors, offers a favorable policy environment and legal protection for Hong Kong investors. Meanwhile, Hong Kong residents possess unique advantages in investing in Melbourne's real estate market, including geographical proximity, capital and experience advantages, multicultural background, and legal and policy advantages. These advantages contribute to better returns and success in property investment. Challenges in Melbourne Real Estate Investment: However, investing in Melbourne's real estate market also comes with challenges. Firstly, price fluctuations in the property market are influenced by various factors, requiring investors to have good risk awareness to cope with potential fluctuations. Secondly, government tax policies may significantly impact investors, necessitating close attention to policy changes. Thirdly, Melbourne's property market is highly competitive, requiring investors to have good market insights and investment strategies to address market competition challenges. The most apparent challenge is the potential ongoing pressure on Australia's Melbourne property market due to the aftermath of rising interest rates. Despite the Reserve Bank of Australia (RBA) accelerating its pace of interest rate hikes since May last year, inflation continues to rise. Factors supporting the Australian property market, including Melbourne's property value growth, may lose effectiveness to some extent as China's economic recovery slows down and the world remains in potential geopolitical "crisis." These are challenges that Australia's real estate market, including Melbourne's property market, must face. Summary In the journey of exploring investment opportunities in the Melbourne property market, there are endless possibilities as well as numerous challenges. However, it is precisely this environment of opportunities and challenges coexisting that provides investors with valuable learning and growth opportunities. Before investing in Melbourne real estate, it is crucial to conduct in-depth analysis of the property market trends. Understanding the dynamics and trends of the Melbourne real estate market can help investors assess risks and potential returns more accurately. Therefore, when considering investing in Melbourne real estate, thorough market research and risk assessment are essential. This not only helps investors make wise investment decisions but also reduces investment risks and increases the chances of investment success. At the same time, the website https://www.investwithalison.com/ provides weekly updates and resources on Melbourne property information to help Australian property investors better understand market dynamics in real-time. Whether through professional market reports, online resources, or expert opinions, these resources provide investors with comprehensive and accurate information support. These resources not only help investors better understand market trends but also guide them in formulating more effective investment strategies, thereby improving the success rate and profitability of investments. In conclusion, the importance and value of thorough analysis of Melbourne property prices are self-evident. Through comprehensive market research and risk assessment, as well as the utilization of relevant information resources, investors can better respond to market changes and achieve long-term and stable investment returns. If you need more professional assistance regarding "Melbourne property prices" and "Melbourne investment," feel free to subscribe to the https://www.investwithalison.com/ website and schedule a one-on-one consultation with us! 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/