Is it better to rent or buy a house to study in Australia?

Studying in Australia and buying a house are all good. Reason:

1. Comparison between renting and buying a house.

Houses in Australia are generally single-family, with three bedrooms and two halls. The weekly rent for international students to rent one of them is about 100 Australian dollars. If they study in Australia for four years, the rental fee is about 25,000 Australian dollars. In Australia, it only takes 350,000 to 400,000 Australian dollars to buy a garden house with front and rear gardens and private parking spaces, and only needs a down payment of 10%. In other words, you can borrow money from the bank to buy a house by paying about 40 thousand Australian dollars at a time. If it is paid off in 20 years, at an annual interest rate of 6.5%, a total of more than 20 thousand Australian dollars will be paid back to the bank every year, and about 400 Australian dollars will be paid back every week. In this way, we will find that compared with the piecemeal rent of 25,000 Australian dollars, there is nothing left after four years. It is much more cost-effective to invest 40,000 Australian dollars in a one-time loan to buy a house and obtain permanent ownership of real estate and land.

2. The resale rate after graduation is high.

Perhaps some parents will ask, if international students can immigrate to Australia after studying in Australia, it is of course the most economical to buy a house, but if they plan to return to China for development after graduation, will it be inconvenient to buy a house in Australia? Even if buyers don't plan to stay in Australia for a long time, buying a house will bring them rich benefits. When overseas students return to China, there are only two ways to deal with the house they have invested in: selling it or entrusting a real estate agent to rent it. According to the statistical analysis of relevant institutions, the rate of housing price increase in Australia is relatively stable, with an average annual increase of about 10%. If international students resell their houses before returning home, the investment in these four years will earn them about A $65,438+US$ 5,000.

3. transnational landlords are easy to be.

If foreign students who buy a house choose to keep the ownership of real estate and land, they can also choose to entrust a real estate agent to rent the house and easily become a multinational landlord. It is understood that the houses bought in Australia are basically not vacant, and the rental return rate is considerable, with an average of about 4%~5% for housing, 6%~8% for commerce and slightly higher for industry. The collection of rent is also very secure, and the management of real estate agents in Australia is also very standardized. Before moving in, tenants need to check their bank deposits and whether they have a history of arrears, and then arrange to sign a contract with the owner. The intermediary is responsible for collecting the monthly rent and depositing the rent into the account designated by the landlord. When the tenant moves out, the intermediary must check the condition and cleanliness of the house before returning the deposit to the tenant. If there is arrears, the real estate agent will bring a lawsuit to the court, and the court will come forward and order the tenant to repay the arrears.