PROPERTY WEALTH BUILDER

Investing in Australian property has become popular with overseas investors and Australian expats looking for strong returns and stability.

Surprisingly, many Australian residents who hold temporary visas or permanent visas don’t even realise they can qualify for a home loan and are missing out on the benefits of the Australian real estate market.

Stability. Australia’s property market has a proven record of stable prices.

Yes, you can. Broadly speaking, foreign investors can buy residential real estate, which is:

1.) “Off plan” i.e., designed and approved by the relevant planning authority, (usually the local council or Shire authority), where construction has not yet commenced.

2.) Under construction, but not yet completed

3.) Completed, but not yet lived in. Note: Once they have been lived in by a tenant, or owner, they cannot be legally sold to an “offshore” buyer

Yes, you can purchase a property from overseas; many clients including overseas investors leave it to us to select their properties. This works very well and there has never been any problems. If you choose to fly out to inspect the properties. Please contact us to arrange an appointment with you, to help you relieve your questions and get more advice about real estate investment or when you decide to come to Australia.

Australian tax on rental properties with foreign owners. The Australian tax system imposes tax on rental income earned by foreign property owners as well as on profits when a property is sold.

The two basic rules in the Australian tax system are these:

1. 1. If you are an Australian resident (for tax purposes) the government can tax you on income from anywhere in the world
2. 2. It you are a foreign resident (for tax purposes) the government can tax your Australian sourced income

Rental income from an Australian property is Australian sourced income, so rent is taxable.

JADE has a specialist finance group who have many loan products to offer through banks and other lending institutions. Access to the right loans is vital.

We will save you many hours of going around all the banks including your own and taking out the wrong loan offered or sold to you. We have the experience and the ability to help you solve your problem. Contact us as below:

JADE Group

Email: frontdesk@jadevisa.com.au

Phone Number:

Australia:  +61 (0)3 9034 3988

Vietnam:   +84 (0)28 7300 9188

Most people buying real estate in Australia are able to borrow 80% of the property value.

In some cases it is possible to borrow up to a maximum of 95%. However, this depends on where you are living, if you are an Australian citizen or not, as well as the terms of your current visa.

To find out if you could be eligible, speak to our consultant on to discuss your situation.

JADE Group

Email: frontdesk@jadevisa.com.au

Phone Number:

Australia:  +61 (0)3 9034 3988

Vietnam:   +84 (0)28 7300 9188

Around 70% of Australian households are homeowners so there is relatively little speculation.

There’s been a consistent undersupply of housing in most capital cities.

Australia has responsible lending legislation and prudent economic management via the Australian Prudential Regulation Authority (APRA), reducing the risk of asset price bubbles.

Australia has never had prices fall more than 20% in one year.

Overseas property markets such as Hong Kong or the United States have suffered significant crashes that are completely unheard of in Australia.

Housing prices in volatile economies have seen drops of up to 70%, leaving investors with huge losses. This is often because of significant speculation from foreign investors or asset price bubbles fueled by debt.

Investors have a smaller impact in Australia as the majority of the housing market is owner-occupied.

In fact, during the 2007/09 Global Financial Crisis which saw property prices in the UK and USA fall significantly, Australian property prices actually increased in value.

Stability and growth aren’t just features of residential houses, townhouses and units.

Most commercial properties such as offices, factories and retail outlets have proven themselves to have excellent returns.

Larger foreign investors tend to prefer hotels, pubs, commercial farms and residential and commercial developments.