What are the trading traps for buying Australian real estate? Has anyone heard of Australia Jinding Group?

There are indeed many China citizens who buy Australian real estate, and there are also many cases of frustration in buying a house. Because there is still a certain difference between buying a house overseas and buying a house at home, it is necessary for buyers, especially first-time buyers, to do their homework and avoid stepping on a "minefield". Here, we also hope that everyone can buy their ideal real estate smoothly, so let's introduce what "minefields" should be avoided when buying real estate in Australia.

In fact, some common "minefields" in buying a house in Australia mainly exist in the loan process. Many China buyers don't know much about Australian loans to buy a house, and they are easy to step on thunder. We often encounter the following problems here.

What "minefields" should I avoid when buying Australian real estate?

Minefield 1: In Australia, real estate companies usually notify buyers' attorneys that the property is about to be sold two weeks before the delivery. Therefore, from the perspective of loan applicants, it is best to ensure that your loan platform can have an efficient system to approve your mortgage application conveniently and quickly. It is best for the borrower to give a formal reply to your application within one week: for example, the online self-help material uploading system on the loan platform is a good function, and it would be better if they can give you feedback within 24-48 hours after you log on to the website to submit your mortgage intention. Don't look for loan platforms that let you fill out countless forms, but you will never get an answer after you fill them out. They will only waste your precious trading time!

Minefield 2: At present, most of Australia's loan products for overseas investors are only for immigrant buyers with stable wages in China, and many applicants who are small business owners or company shareholders are often rejected when applying for Australian mortgages. What's more, although some loan platforms claim to be able to lend to overseas self-employed, because they don't understand China's income system and income declaration system, they will ask self-employed individuals to provide various documents that can't be produced at the audit stage, which ultimately delays the applicant's valuable trading time and causes many investors to lose their down payment.

Minefield 3: 20 16, Australian banks stopped lending to overseas customers, and China investors turned to various lending platforms. Many lending platforms provide Australian mortgage products, which also creates a lot of trouble for loan applicants. For example, some institutions require applicants to deposit a large sum of money in the account of a designated bank for six months to become VIP customers of the institution before they are eligible for loans. Others charge interest rates as high as 8- 10%, but at the same time only give investors a loan ratio of 40-50%.

Minefield 4: the communication between the buyer and the lending institution is far more than the time of delivery. Whether it is the change of interest rate or personal situation, borrowers need to keep close communication with the loan platform if they can't repay in time occasionally. Under such a long-term contractual relationship, the customer service level of lending institutions has become particularly important. You can refer to the following criteria to measure the customer service level of a lending institution: whether their employees can clearly explain the product details; Whether the customer service staff can communicate in Mandarin; Whether you can respond to any questions you ask quickly in the first time; At least you need to be able to find them in more than one way. Even if you occasionally need to negotiate payment methods with them, you will encounter a customer experience that feels at home.

For these "minefields", I believe many property buyers have encountered them. I hope that after mine clearance, you can avoid stepping on mines again, and you can get professional help directly through online consultation. Maybe you just need the help of a professional Australian property consultant.

Warm reminder: investment is risky, so be careful when choosing.

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