Do you need a real estate license and a car production license for a US visa?

When buying a house in China, we all know that there will be a real estate license, which is a certificate to the owner after buying a house. But buying a house in Australia, there is no such standard as real estate license and land certificate in China. The certificate is just a piece of paper with an official seal, that is, the title deed, which will record the information of the house. Through the corresponding code on the title deed, the Australian real estate administration can find out the information of the house and prove the identity of the owner.

So buying a house in Australia doesn't have a property right certificate, but a property right certificate is given, so why doesn't Australia have a standard property right certificate and land certificate like China? This is mainly related to Australia's real estate policy. The property rights of Australian real estate and land are very clear, and real estate is basically permanent property rights. At this point, many countries are not satisfied.

There are several types of housing property rights in Australia.

We all know that most of Australia's real estate is permanent property rights, so what are the types of property rights in Australia, including permanent property rights, sub-lease property rights, community property rights, company stock property rights and lease property rights? Let's have a look.

Type 1. Permanent property right: This property right is usually the land property right owned by an independent villa. In other words, a certain range of land in the villa belongs to the purchaser and is permanent. At present, there is no inheritance tax in Australia, and the land ownership that can be passed down from generation to generation can be transformed and demolished with the approval of the government.

Type 2. Sub-lease property right: Sub-lease is to divide the contract and distribute it to the owner, mainly for apartments, townhouses or unit houses. Although property buyers legally own this house, they can't modify it without authorization, let alone subdivide the land. This kind of property right will have a trusteeship agreement, usually the property company will entrust public facilities and space, and residents will share the property fee.

Type 3. Property right of community: this property right is similar to subletting, but it includes public spaces such as parks, highways and natural landscapes. , generally used in some comprehensive large communities.

Fourth, the company's stock property right: the company's stock property right actually means that the company owns real estate and then distributes it to people who hold a certain number of shares, including lease rights, but the shares are difficult to resell.

Type 5. Leased property right: Leased property right is given in the form of lease, which mainly appears in rural areas of Europe and is leased by the government to farmers for use, but because it is a lease, the government can take it back.

What are the ways to hold Australian real estate property rights?

The type of property rights in Australia is related to the way of holding property rights, so Australia has different ways of holding property rights. At present, the main ways of holding property rights in Australia are independent property rights, joint property rights, cooperative stock property rights, enterprise property rights, trusts and family trusts.

Independent property rights: refers to a person who owns property rights alone and belongs to personal property.

* * * Property right: that is, * * * owns the property right of the property and distributes it equally. For example, if the property right is husband and wife, then the two will share it equally.

Common property right: this kind of property right is similar to * * *, but it is not equally divided, and the proportion of property right owned by each person can be indicated in detail.

Property rights of cooperative shares: same as joint property rights, but generally used to buy office buildings in Australia.

Enterprise property right: this property right is purchased in the name of the company, that is to say, the name of the company is written on the title certificate.

Trust and family trust: the owner of a company, individual or family property can entrust the assets to a trust company for management. The specific operation mode of family trust is to first formulate a trust letter and stipulate the designated beneficiary of the trust, and then gradually transfer the assets to the trust name. Legally speaking, the assets of the trust no longer belong to the original owner of the assets. Usually, the purpose of doing this is to avoid the loss of family property and avoid disputes over inheritance and premarital property.

Although there is no real estate license to buy a house in Australia, the role of the contract is the same, with different types of property rights and holding methods. Different types are suitable for different people. When buying or investing in Australian real estate, we must treat it differently. If you have any questions about buying Australian real estate, you can consult us directly and a professional real estate consultant will answer them for you.