What is the difference between investing in Australian real estate and domestic real estate?

The difference between Australian real estate and China real estate;

1. First of all, overseas people are not allowed to buy Australian real estate, but they can only buy auction houses, not second-hand houses, because second-hand houses can only be bought by people who hold Australian visas for more than one year, and residents without permanent residency can only buy one set.

2. Australia has an economic foundation of private property ownership, and the law stipulates that owners have lifelong land ownership, not lease rights (the domestic right to use is the separation of ownership and use rights, and then the right to use is equivalent to lease rights).

In essence, the word "permanent property right" means that you can enjoy the ownership of land forever. Unless the land you own is military land or cultural relics planned by the government, the period of ownership may be limited, but this situation is usually explained when purchasing land.

3. If it is a leasehold, you can only own the land within a certain period of time. In China, the current term is 70 years. Recently, there was a heated discussion about the right to use in China. It is estimated that the right to use for 70 years can be renewed, but a certain fee has to be paid. Therefore, in real estate appraisal, the value of real estate will decrease after a certain number of years.

The real estate in China and Australia is very different because of the different nature of the country, but the real estate in Australia has permanent property rights, which is superior to investment and can preserve and increase the value for a long time.