As we all know, Australia has strictly controlled overseas buyers' purchases of houses since 2016, and has introduced a series of measures, such as increasing additional stamp duties for overseas people and tightening loan policies.

However, in the past year, under the slogan of "global asset allocation", although the enthusiasm of Chinese people to buy houses has been slightly tempered under strict control, they are still the main force in Australian real estate investment.

As the saying goes, "There are policies from above and countermeasures from below." Even if a series of control measures are introduced, people who want to invest can still find suitable methods.

For example, loans through some financial institutions.

But, is it really so convenient and cost-effective to go through these financial institutions?

Let's settle the score first.

1. First, let’s talk about the taxes you need to pay when buying a house in Australia.

The most basic tax is stamp duty.

In Australia, all land transfers or property sales, whether local or overseas, are subject to stamp duty.

Stamp duty is calculated differently across Australian states, but is generally between 4% and 5% of the house price.

Why are stamp duty points different from state to state?

Because the Australian federal government does not levy stamp duty, which is levied by state and territory governments, stamp duty is generally based on two major factors - the market value of the property or the selling price of the property.

Next, let’s take a look at the stamp duty calculation methods in several major Chinese investment cities.

1. Sydney - New South Wales property price stamp duty 0 - 14,000 Australian dollars 1.25% 14,000 - 30,000 Australian dollars The portion exceeding 14,000 Australian dollars * 1.5% + 175 Australian dollars 30,001 - 80,000 Australian dollars exceeding 30,000 Australian dollars

Part*1.75%+415 AUD 80,001——AUD 300,000 Part exceeding AUD 80,000*3.5%+AUD 1,290 Part exceeding AUD 300,001——AUD 1 million Part exceeding AUD 300,000*4.5%+AUD 8,990 Part exceeding AUD 1 million exceeding AUD 1 million

Part of Australian dollar * 5.5% + AUD 40,490 2. Melbourne - Victoria (Victoria) property price stamp duty 0 - AUD 25,000 1.4% 25,000 - AUD 130,000 Part exceeding AUD 25,000 * 2.4% + AUD 350 130,001 - 960,000

The portion of Australian dollars exceeding AUD 130,000 * 6% + AUD 2,870 The portion exceeding AUD 960,000 5.5% 3. Brisbane - Queensland (Queensland) Property price stamp duty less than AUD 5,000 No. 5000 - AUD 75,000 The portion exceeding AUD 5,000 * 1.5%

75,000 - AUD 540,000 The portion exceeding AUD 75,000 * 3.5% + AUD 1,050 540,000 - AUD 1 million The portion exceeding AUD 540,000 * 4.5% + 17,325 AUD The portion exceeding AUD 1 million AUD 1 million * 5.75% + 38,025

We take an 800,000 Australian dollar property as an example in the three Australian cities. In New South Wales, the stamp duty that needs to be paid is (800,000-300,000) * 4.5% + 8990 = 31,490 Australian dollars. In Victoria, the stamp tax that needs to be paid is (800,000-300,000).

130,000) * 6% + 2870 = 43,070 Australian dollars. In Queensland, the stamp duty that needs to be paid is (800,000-540,000) * 4.5% + 17,325 = 29,025 Australian dollars. In addition, starting from July 1, 2016, overseas people who purchase houses must pay in addition to the standard

In addition to the stamp duty, the additional stamp duty rate has also been increased. New South Wales needs to pay 4%, Victoria 7%, and Queensland 3%.

Taking the $800,000 property just now as an example, in Sydney, you need to pay an additional $32,000, in Melbourne, you need to pay $56,000, and in Brisbane, you need to pay $24,000.