Melbourne's new house purchase policy and real estate stamp duty were officially implemented.

Australia's new fiscal year has arrived, and the Australian government will formally levy additional stamp duty on overseas investors who buy Victorian real estate, and overseas investors who illegally buy real estate will also face severe punishment. At the same time, starting from 20 16, foreign investors will also face the situation that 0.5% local tax will be levied on the houses they have purchased.

Victoria's new deal list

1. Victoria will levy an additional 0.5% local tax (from 20 16).

2. An application fee of 5,000 Australian dollars is charged to pay the fees of FIRB (Overseas Investment Review Board).

3. The punishment for illegal operators is increased to a fine of 65,438+027,500 Australian dollars or three years' imprisonment; The company may be fined $637,500 for illegally buying a house.

4. The Act does not apply to New Zealand residents and Australian permanent residents.

From July 5 1, foreigners are required to pay stamp duty in two parts: general stamp duty +3% additional stamp duty.

General stamp duty (only this part needs to be paid before the New Deal): Overseas people can enjoy certain stamp duty reduction and exemption when buying Victoria forward houses. In other words, the actual amount to be paid is generally about 0.4% of the purchase price.

New 3% stamp duty: According to the New Deal, overseas people need to pay an additional 3% of the duty-paid price when buying Victoria auction house.

Time to pay additional stamp duty

The exchange contract will be signed after July 1 20 15.

This means that if the buyer signed and exchanged documents before July 20 15 1 day, there is no need to pay this extra stamp duty.

If it is after this date, overseas buyers need to pay an additional 3% stamp duty in addition to the normal stamp duty.

Does Victoria's 3% extra stamp duty have a big impact on us?

1. The stamp duty in Victoria is still lower than that in Sydney and other places.

For Victorian auction houses, the general stamp duty is very low, only about 0.5%. Even with the stamp duty of 3% of the contract price, it is still lower than the stamp duty that Sydney needs to pay to buy an auction house (Sydney is based on the contract price of the house, regardless of overseas or local people), and the stamp duty in New South Wales and Queensland is around 5%.

For example, the stamp duty in Victoria is still very low compared with the policies in Singapore and Hong Kong. The former imposes an additional tax of 15% on overseas real estate investors.

2. The depreciation of the Australian dollar greatly offset the new expenditure.

Compared with buying an Australian house at the same time of the year, it still saves a lot of RMB! In the past year, the Australian dollar has fallen by 20% to 25% against the RMB, and buying Melbourne real estate is equivalent to a discount of 75% to 20%.

For overseas investors, the implementation of the new stamp duty policy is undoubtedly a blockbuster, and how to deal with the new policy has become a compulsory course for overseas investors. After all, only by correctly interpreting the new stamp duty policy and seeing the current Melbourne housing market can we invest in real estate more wisely.

(The above answers were published on 2015-10-21. Please refer to the actual situation for the current purchase policy. )

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