What is commercial real estate in Australia?

Speaking of a country with stable economy and beautiful environment, Australia is definitely famous for being helpful. So many investors choose to invest in real estate in Australia. So do you know what it means to buy commercial real estate in Australia? Let me explain something to you.

So what are the benefits of buying a commercial property?

1. If the commercial real estate to be purchased is less than 53 million pounds and is not on the cultural heritage list, FIRB approval is not required.

2. Relax the policy of foreigners buying commercial real estate.

3. Exempt from paying the extra 7% stamp duty.

4. Long-term lease

5. The rent has increased steadily-year by year.

6. The return on investment provided is usually better than other investment projects.

Why buy it now?

1, a stable and fast-growing economic environment

2. Take advantage of low interest rates and low exchange rates.

3, long-term investment, not short-term speculation.

What are the investment hotspots?

1. Famous traditional rich areas: Nanyala, praslin and Hawthorn.

2. Famous China people's favorite areas: Mount bocks, Glen waverley, oakley and doncaster.

3. Famous campuses: Mc kinnon, Ivanhoe, Mount Waverley.

Some key factors to consider:

1, public transport and infrastructure

There are various businesses nearby: supermarkets, post offices, cafes, etc.

Problems that need our attention

I. Property ownership

Australian law stipulates that owners have permanent land use rights, that is, the Australian government supports land privatization and permanent ownership.

Second, pay the deposit.

When buying a property, you usually need to pay a deposit first. The deposit is generally paid immediately after signing the contract, and the amount varies from country to country according to the actual situation. In Australia, the law stipulates that the deposit cannot exceed 10%. In addition, after signing the contract and paying the deposit, there is no need to pay any fees until the delivery date. Investors can lock in the property that appreciates in the next two years with the least capital leverage.

Third, the real estate accounting area

In our country, the real estate area includes the shared area of public parts such as stairs, but these are not the effective physical area of the house. In Australia, the internal area of real estate is the actual physical area, and there is no so-called apportionment. Therefore, Australian real estate only has the overall selling price, instead of selling it per square meter as in China.

Fourth, the risk of buying uncompleted residential flats (auction houses)

Compared with existing homes, the price of uncompleted residential flats fluctuates greatly, so investors should thoroughly understand the property and its surroundings before buying it. If the seller can't deliver the house on time, don't worry too much. Australian law stipulates that if the property cannot be delivered due to the developer's reasons, all down payment will be returned to the buyer in full. It is almost impossible for developers to escape with money and uncompleted residential flats in Australia.