Is the price high in Australia or America? Do I have to pay local taxes when buying a house in Australia?

Australian prices and American prices are different in different periods, so it is not easy to compare, and they are almost the same as a whole.

Buying a house in Australia requires paying local taxes.

1. Taxes to be paid for buying a house in Australia, items and amounts of various expenses:

1, stamp duty on house purchase:

Most of them account for 4%-5% of the transaction price (every state in Australia has its own stamp duty calculation method)

The stamp duty in Sydney is less than 300,000 Australian dollars, of which 300,000 Australian dollars is charged at 8990 Australian dollars, and the excess is accumulated by *4.5%, which is usually paid together with the final payment when the house is handed over, but the auction house with a construction period exceeding 15 months needs to pay it in the fifteenth month after signing the contract.

The stamp duty on existing homes in Melbourne needs to be paid in full, and the auction house is determined according to the construction progress of the property. The earlier you buy it, the more stamp duty you save. If the project hasn't started yet, you only need to pay the stamp duty on the land, and you don't have to pay the rest.

2. Attorney's fees:

1000-2000 Australian dollars (related to lawyer's service project and service area)

3. The cost after buying a house:

1), property management fee: the fee is determined by the property quality, supporting facilities and the number of rooms.

2) Municipal expenses: according to the location and quality of the property, it is used to maintain the public environment around the property.

3) Water fee: it is equivalent to water tax, and apartments usually need to be paid annually, regardless of the number of rooms.

4) Land tax: According to the laws of different states, land tax is only levied on investment houses in most areas, and self-occupied houses do not need to be paid.

For example: knowing the above taxes and fees to be paid, let's take a house of 350 thousand Australian dollars as an example to see the various taxes and fees to be paid:

Attorney transfer fee: about 600 Australian dollars.

Lender's fee: about 1000 Australian dollars.

House structure inspection fee: about 300 Australian dollars.

Landlord's insurance premium: about 350 Australian dollars.

Stamp duty: about 13800 Australian dollars.

Housing and property insurance: about 600 Australian dollars.

City appearance construction cost: about 1400 Australian dollars.

Moving expenses: about 300 Australian dollars.

Real estate agency fee: about 7,000 Australian dollars.

Note: If you buy an investment house, most of the above fees can be refunded.

If you want to buy an investment house, Bian Xiao recommends a boutique investment apartment in Melbourne West District, which is located in a key development area and has great value-added potential.

The Australian real estate market has been growing steadily for nearly 40 years, and house prices have doubled almost every seven years. As the largest city in Australia in the future, Melbourne's real estate market is even more popular.

Second, Australian real estate holds taxes and fees.

1. Property management fee: villas usually do not need to pay management fees, while apartments are priced according to the grades, facilities, property services and infrastructure in the area after being built by developers. The usual management fee for 1-3 rooms is 700- 1500 Australian dollars per quarter.

2. Municipal management fee: usually 1200 Australian dollars/year.

3. Sewage charges: generally 1000- 1200 Australian dollars/year.

4. Land tax: It varies according to the assessed price of land, and usually costs several hundred Australian dollars/year.

5. Housing insurance premium: The property management fee of the apartment already includes the housing insurance premium, while the insurance premium of the villa needs to be purchased by the owner himself, generally at the bank counter, ranging from 500- 1000 Australian dollars/year.