RE/MAX, a global real estate company operating in over 110 countries around the world, will hold an Australian real estate investment seminar on September 26. This seminar was prepared to respond to customer interest in the overseas real estate market following the U.S. Indonesia Real Estate Investment Forum held on September 6. A practical expert working at RE/MAX K1 in Australia will serve as the instructor.
The seminar will be held for the first 60 people who apply by phone or online. Any customer interested in Australian real estate can apply and attend for free.
In this seminar, △comprehensive understanding of the Australian economy and real estate △risks and solutions when purchasing real estate in Australia △methods and procedures for selling and purchasing Australian real estate △common sense on Australian real estate laws and taxes △recent Australian real estate trends analyzed with various statistics and figures △specific information It will contain all the essential information that Australian real estate investors need to know, including investment success stories.
As anxiety about the domestic economy grows, the number of high-net-worth individuals is turning to overseas. As Korea's economic growth rate slowed noticeably, many wealthy people decided that it would not be easy to increase their wealth by burying it in the domestic market, and this phenomenon is interpreted as a result of them searching for new blue oceans. Asset owners who seek stability as well as profitability generally prefer real estate in the United States and Australia in particular. The United States has always been the top investment region, so it is natural, but Australia's rapid rise is somewhat unusual. There are several reasons why investors are interested in Australian real estate recently. First, Australia has a high population growth rate and is a country that is tolerant of immigrants. As of 2019, Australia's population is approximately 25.24 million, and the average annual population growth rate is steadily increasing at 1.6% (World's 1st place: World Bank Data).
Second, due to the high birth rate and the influx of immigrants studying abroad, the population growth rate is quite fast. Although the real estate environment is such that houses and townhouses are more preferred than apartments, the pace of increase in residential land and infrastructure development is not keeping up with the population inflow. Due to this rapid population influx, the Australian real estate market has a reputation for having a strong basic demand base.
Third, there are strong gift tax benefits. In Australia, there is no gift tax at all when parents gift something to their children while they are alive. In Korea and most other developed countries, parents must pay a gift tax of 20% or more when making a gift to their children, but this is not the case in Australia. Therefore, if a parent's real estate investment is passed on to the child, there is an opportunity profit equal to the gift tax exemption.
Fourth, in Australia, foreign loans are available through the Re-Financial System and Off-Set accounts. The Re-Financial System is a financial system that allows additional repayment and re-withdrawal for home mortgage loan customers of Australian banks, and an off-set account is a similar concept to Korea's minus account. Major Australian banks (Commonwealth, NBA, ANZ, Westpec, St George, etc.) and loan specialized banks provide loan benefits to overseas investors.
Lastly, Australia is a country with world-class global competitiveness. As one of the eight countries in the world with a national credit rating of AAA, the future credit outlook is expected to remain stable due to low government debt and political stability. In addition, according to the UN report <Life Satisfaction Ranking>, Australia ranks second in the world in terms of quality of life satisfaction after Norway, so demand for real estate investment from foreigners is steady.
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