20 18 new Zealand real estate policy

New Zealand's real estate policy has been changing, so what are the contents of New Zealand's real estate policy? This is a concern of many immigrants. Let's take a look at it with the overseas immigration network! The following is the relevant information I have compiled. Welcome to reading.

New Zealand real estate policy stipulates that

In New Zealand, real estate agents share the same database. Even if the real estate agent signed the entrustment contract for the sale of real estate with the customer in the form of exclusive sales, the release information of real estate still enters the whole system, and all real estate agents sell together, so that the real estate entrusted by the customer can be sold or clinched in a short time. Then the brokers of the buyer and the seller share the commission according to a certain proportion. In other words, in fact, every broker has basically the same property (unless the broker secretly tells you the news before listing).

In New Zealand, the 999 title certificate you will get means that your property can be inherited all the time, if your descendants are not the kind of owners who "I'll fly you first class".

In New Zealand, the repayment of the house is not started until it is delivered. The loan procedure is simple, the loan contract is flexible and the change cost is relatively low. It is convenient to transfer to banks and increase or decrease loans. If there is a problem with the real income and it is difficult to pay, you can also discuss with the bank to pay only interest for a period of time. And looking for a bank or loan intermediary can handle all kinds of business. I didn't say it would be more favorable to go directly to the bank.

In fact, bank deposits can no longer meet the local loan demand. With the soaring cost of buying a house, the deposits of local depositors can't keep up with the speed of bank loans. This requires banks to borrow money from overseas markets. The borrowing cost of the banking industry has been rising all the way. In this regard, the major banks in New Zealand began to tighten the loan standards and issue loans selectively. Although the Bank of New Zealand's new loan-to-deposit ratio policy has accelerated the cooling effect of the market, the pressure on banks to lend has not been alleviated, because the number of loans is still increasing.

New Zealand real estate policy reform

In May this year, New Zealand has introduced a new policy to curb the expansion of Auckland's housing market. Starting from June 5438+0 1, except for new houses, investors renting houses in Auckland are required to pay at least 30% down payment when making loans.

According to New Zealand media reports, Prime Minister John Key recently announced a new policy on real estate tax. The New Deal stipulates that the seller must pay the value-added tax within two years after buying a house, except for the settlement and transfer of family houses, legacy houses or property (such as the division of husband and wife's property); Overseas buyers need to provide more information when buying a house, such as identity documents and tax numbers.

Premier John Key said that the value-added tax in the new policy is not a capital gains tax, but a strengthening of the previous related policies. According to the original policy, people who "buy and sell houses for profit" must pay taxes. After the implementation of the New Deal, buying and selling houses within two years will be automatically presumed as "buying and selling houses for profit". The New Deal requires overseas buyers to provide relevant information, and it is also convenient for the New Zealand government to count the real estate speculation of overseas buyers.

According to the New Deal, the minimum investment of New Zealand investment immigrants is NZ $6,543,800,000. If the applicant invests 25% of his investment in growth investment (including equity, commercial property, new housing construction and management fund, etc.). ), the applicant only needs to live in New Zealand for 88 days in three years. The minimum investment of the second type of investment immigrants in New Zealand has doubled, from NZ $6.5438+0.5 million to NZ $3 million. If the applicant invests 25% of the investment funds in growth investment, as long as he stays for 438 days within 4 years, he can get 20 extra points.

One of the selling points of New Zealand's real estate is that despite the rising house prices, the country is still one of the low-priced luxury residential markets. According to the report, New Zealand has not taken measures against overseas buyers like other countries. Vancouver, Canada recently announced that foreign buyers will bear an additional 15% real estate transfer tax.

In Australia, foreigners can only buy newly-built properties, and wealthy China buyers have promoted a housing construction boom. Woodhouse, Minister of Taxation of New Zealand, said that although no possibility was ruled out, New Zealand did not actively promote the increase of real estate tax at this stage. New legislation enacted in New Zealand last year means that investors who sell their houses within two years after buying them must pay VAT.

In addition, non-resident buyers now need to apply to the New Zealand tax authorities for a tax number: one of the purposes is to collect data on foreign buyers. Earlier, the opposition Labor Party released controversial data showing that a large number of houses were bought by buyers with China's surname. Since the law came into effect in June 5438+last year 10, nearly 5000 foreigners have applied for the tax number of buying and selling real estate.

New Zealand real estate tax policy

If you buy a house in New Zealand, you have to pay the property tax to the local government every year according to the different areas where you buy a house. The tax rate varies from region to region. The greater Auckland area is about four thousandths of the estimated value of the house. If it is an apartment in the city center, you need to pay the property fee. If it is an independent villa, it is not needed. Just pay the local tax and cleaning fee.

New Zealand is self-occupied, and the tax rate is the same for second or third suites. The tax rate is only related to the value of the house and the small area where it is located. Commercial housing, factories, farms and houses are subject to property tax, but the tax rate is slightly different.

The owner is a statutory taxpayer, and the rent of the rented house generally includes property tax, and the tenant does not need to pay extra. Commercial housing needs to pay property tax in addition to rent, but it is also paid to the owner first, and then delivered to the tax bureau by the owner. The local government provides a one-time payment at the beginning of the year (about 1.5% discount) or monthly or quarterly deduction. If the owed property tax reaches a certain amount, the local government has the right to auction the owed property.

New Zealand property tax has a good income adjustment function. Rich people generally live in more expensive areas and houses, and the property tax will be higher. In addition, the local government also provides low-income and elderly owners with partial exemption from property tax, which can be as high as NZ $550 per year, which is close to 50% of the annual property tax of ordinary houses.

In 20 10, New Zealand cities needed NZ $256 million, and the municipal government allocated more than 65,438+10,000 houses to the whole city according to the property value. Specific budget arrangement: garbage waste reduction accounts for 4.8% (the municipal government collects garbage in front of residential buildings free of charge once a week); Rule management 2%; Community service14.4%; Street and traffic13%; Library services11.7%; Park and outdoor space10.4%; Discharge of wastewater collection and treatment is 9.3%; Art, museums and "Our City" projects 6.3%; Urban development 6.2%; Water supply 6. 1 (Christchurch does not charge water); Drainage and sewer 5.4%; Democracy and government 5.4%; 5% economic development. It should be noted that the police and public security, intercity roads and various schools are all paid by the national tax. National tax is mainly composed of income tax, value-added tax and corporate tax.