Book a house
Reserve A Property
Buyers choose a satisfactory house, the need to pay a deposit (usually 2000-5000 Australian dollars), to allow the intermediary to apply for the developer to retain the property; deposit will be returned within a set period of time to buyers. Must choose the strength and have the local qualification of Australian intermediary companies to help you operate the entire process.

2. Sign a house purchase contract
Sign The Contract
Intermediaries / developers to buyers or buyers of the attorney to provide housing purchase contracts, buyers consulted their own representatives and fully understand the contract after signing; the same time, developers also need to sign the purchase contract, and to provide homebuyers A contract signed by both parties, the purchase contract to take effect.

3. apply for permission to purchase a home abroad
Apply for FIRB approval
As an overseas person who is not a citizen of Australia, you can buy Australian real estate, and can enjoy the local Australian loan policy, real estate use can be used as an investment to housing study and leisure. Property purchases by foreigners need to be approved by the Australian Overseas Investment Commission, FIRB. Most properties have FIRB quotas. For some properties that do not apply for FIRB, overseas buyers can submit an application for purchase to FIRB. This step only applies to non-Australian citizens. Home buyers need to fill in an application form and submit FIRB audit, the process is generally assisted by the buyer’s attorney to complete.

4. Pay 10% of the purchase down payment Pay 10%
Deposit
Buyers need to pay the 10% of the purchase price as the down payment within the time stipulated in the contract (usually 10 working days). payment method:
The deposit can be paid to the developer’s lawyer’s trust account, and can also be credited to the buyer’s own account and issued by the bank a guarantee; the bank charges a one-time opening fee ($ 250) and a 65% annual management fee . In the case of a bank guarantee deposit, homebuyers can also get deposit interest on the deposit (based on prevailing interest rates but usually higher than current rates) before the delivery of the house.

5. Housing construction
Construction
During this construction, buyers do not pay any fees.

6. Apply for stamp duty relief and initial home ownership allowance
Stamp Duty Exemption And First Home Grant
Australian citizens or first time home buyers with permanent status can apply to the government for stamp duty relief and first home buyer benefits. In New Haven, for example, buying a home below $ 750,000 can get an initial home purchase grant of $ 15,000 and will be reduced to $ 10,000 by January 2016. This request can be made by negotiation with a lawyer or you can Through the lender after the completion.

7. Delivery before the inspection
Final Inspection
After the completion of the house, the developer will invite buyers or buyers representatives to go before acceptance. In the acceptance process, the problems found will be recorded and the developer will then arrange for improvement. If the house is completed within three months after the completion of any problems, the developer will also be responsible for timely maintenance.

8. Warranty and maintenance and use of indoor facilities
Warrantee
The property management fee paid on a quarterly basis already includes home insurance, so no additional payment is required. The indoor facilities covered here include dishwashers, ovens, cooker hoods and stoves, all with a three-year factory warranty and two years of government compulsory insurance, for a total of five years.

9. Delivery
Settlement
On the day of delivery, the buyer pays the developer the full amount of the purchase, and the buyer’s lawyer will negotiate with the developer and the buyer of the contract to complete the final delivery. Home buyers then stay in new homes.

important hint:
1. The buyer’s solicitor is obliged to ask the developer or proprietor’s lawyer for a sales contract and to verify the completeness of the relevant files for the sale of the property and to explain to guests the meaning of the clause and then to consult with the other counsel as the guest wishes , Some of the provisions of these provisions (such as payment methods) arrangements to be amended to form a contract accepted by both buyers and sellers. This should be particularly stated: Australia must entrust a professional lawyer or transfer agent to handle the purchase. You can not handle it yourself. Submit documents to the government, housing transfer, bank settlement of housing funds arranged by lawyers. If you say I want to save money, transfer their own deal, this is not enough.

2. Under normal circumstances, the buyer signed a contract, you must pay 10% of the first payment as a down payment; the remaining 90% of the other attorney notice delivery, paid within a week. Note that as the first phase of the purchase of the deposit is not paid directly to developers, but into the buyer’s lawyers or agents subject to government supervision of the trust bank account, during which you can get the appropriate interest. During which developers can not use the money Oh. This gives buyers full assurance. Domestic money is hit to the developer, so there will be developers fleeing circumstances. And once the loan regardless of whether the completion of the project, we must begin to pay interest on the loan. In comparison, the Australian real estate system is more healthy, safe and transparent.

3. Sales, by the developer to hire a licensed qualified surveyors in accordance with the standards set forth in the contract for acceptance, issued by the completion of the certificate; the relevant departments of the city hall re-acceptance, and issue a certificate. If the acceptance fails Both the buyer and the seller may terminate the contract, the lawyer will refund the 10% deposit and bank interest paid in the previous period.

4. If necessary, buyers can negotiate with the financial professionals about the loan issue. Depending on the buyer’s actual situation and needs, the loan amount can reach 70% to 80% of the property price. To be on the safe side: friends in need of loans here should borrow about three months in advance of the completion of the construction of a loan and give the loan approval for sufficient time.

5. As long as the buyer usually provide a copy of passport and address in China, you can open an Australian bank account for the buyer. The purchaser can remit the money for the purchase of the property to the account, and the rental income of the house and the contributions payable can be dealt with through the account. If the buyer’s loan is less than 70% of the price, then at the current interest rate in Australia, the rental income is enough to pay the interest on the purchase price.

6. The purchase of a home in Australia alone does not justify the buyer’s approval of the buyer’s application. Many intermediary companies in order to attract customers and hit the “purchase of Australian real estate will be able to emigrate to Australia,” the cover; but in fact, the purchase of housing does not guarantee the success of immigrants, we do not be fooled friends. Moreover, the Australian Immigration Board did not require commercial immigrants applicants must purchase before the Australian property

The six big expenses involved when buying an Australian property

1. Australian real estate loan agency fees:
Almost all lenders charge new home lenders a one-time fee for opening an account. Some lenders will be exempt from paying for business; most banks also charge their annual or monthly fees.

2. Evaluation fee:
The lender usually asks for an assessment of the property buyers want to buy to ensure that the price paid by the home buyer is fair. Although this is for the benefit of homebuyers, the assessment fee usually needs to be paid by the buyers. Similarly, the assessment fees vary from agency to agency. Some banks do not charge for assessment fees. Some lenders may also charge different assessment fees depending on the location and type of property buyers want to buy.

3 lawyer fee:
According to the lawyer’s service content is different, charging is different. Home buyers in the process of buying real estate often have to ask a lawyer, lawyers will help buyers to complete the entire process of real estate delivery, fees generally ranging from 800-1500 Australian dollars.

4. Property Management Fee:
For a fully developed villa community or apartment, there is a property management fee that varies according to the project.

5. Municipal fee:
This is an annual payment and is for quarterly payments for community management and waste disposal.

6. Water fee:
Water costs for sewer maintenance and repair, quarterly payments are required. Australia’s housing market is healthy and stable bubble-free market! Extremely investment potential, according to statistics Australia real estate to maintain every doubled every 7-10 years, the government has a more stringent policy control, relatively speaking, Australia around the rental return on real estate is very high.

New home purchase process

first step
Selected room lock number choose your favorite room and room number, pay “small set” to the developer to apply for reservations. Note: “Deposit” costs Melbourne 2000 Australian dollars, other cities have to pay 5000 Australian dollars. “Small set” hit the developer’s trust account.

The second step
Cooling Period After delivery of “Small Order,” there is a one-week cooling-off period. During the cooling-off period, customers can choose whether to continue purchasing. If you do not consider buying, developers unconditionally refund customer deposits. If you choose to buy, continue to the next process.

third step
Signed a contract 1. Developers received “small set” after the purchase contract preparation, by the developer attorney audit; 2. After the review of the purchase contract directly to the buyer attorney, the buyer’s lawyer review before giving it to the owner himself; The buyer’s lawyer contact the owner, explain the important terms, the owner signed a contract without objection; 4. The original contract signed by the owner sent back to Australia, can retain a copy of the contract; 5. Developers signed in the contract after the return of the customer.

the fourth step
The settler pays the down payment of 10% of the total principal payment (“Da Ding”) into the trust account of the Developer Co-operative Firm of the government regulators. Note: “small set” fee will be returned to customers or directly offset “big set.”

the fifth step
Stamp duty paid 8-12 months after the exchange of contracts, began to pay stamp duty. Stamp duty on buying a house in Australia, each state receives a different tax rate, the amount of accounting by a lawyer. Melbourne stamp duty has a certain relief policy.

The sixth step
For loans 1. 期房 time to submit a year and a half; 2. Submit the first 3 months, there will be a loan specialist contact the landlord, tailor-made loan plan for the owners; owners prepare the necessary loan materials, select the appropriate bank to apply for loans ; Approved loan time is about 1 month.

The seventh step
Housing transfer 1. Australian real estate developer lawyer issued a formal letter of notification to the buyer’s lawyer to inform the purchase of real estate has been completed; 2. The landlord can be an agent to inspect the house; lawyer issued a transaction payment notice, Government-regulated developer lawyer’s trust account, redeployed by a developer lawyer 3. For Australian real estate developers to deal; 4 owners get the new home key the day began to repay.

The eighth step
Buying insurance Buying insurance for your home can reduce your damage if your home is accidentally damaged, preserving the value of your property. Specific costs will be followed by insurance companies.

The ninth step
Commissioned housing agency

1. For home buyers who invest rather than occupy their own homes, you can entrust the housing agency to take care of them.

2. Homeowners and intermediaries signed a contract, the contents of the agreement and annual payment of care and other expenses. Intermediary obligations: Every 3 months to repair the house, the maintenance costs borne by the owners; To find tenants for the landlord, the tenant information to inform the owners and tenants to negotiate with the landlord to choose the tenant; Monthly collection by the agency rent will be Rent into the owner’s account.

3. Australia will require the purchase of the house after the insurance, tenants renting the house will also be forced to ask for their own insurance, a good guarantee of the rental security.

Second-hand housing purchase process

Many people do not know how to buy a house to start, do not know whether to lend money to their current situation. So here roughly explain the process of buying a house in Australia for your reference:

1. First, find a senior loan BROKER consulting loan matters

2. According to their own mind to buy a pre-approved price (to protect themselves, if paid a deposit, the loan does not come under the loss)

3. Pre-approved down after the showings (intermediaries will generally require a small deposit, which is generally 0.25% of the room)

4 to find a professional lawyer to see the contract

5. There will usually be a 5-10 day cooling-off period

Valuation

7. OK after the pre-approved to turn the whole batch of loans

8 deposit, 10% of all the money (including the small set before you pay)

9. Waiting to sign a loan contract

Waiting to submit

Another situation is directly involved in the auction, this is the need for you to immediately pay 10% of the set, so before joining the auction must be a pre-approved for themselves to protect their own deposit will not be soaked. So here two people must find a good one is a lawyer loan adviser, a lawyer to help you look at the house and the contract, the loan adviser to help you check the loan issue.