good news! Great news! Great news! Great news! Great news! Great news!
Rhythm of rising house prices? !
Friends who plan to buy a house in Australia, tell you good news! Following the announcement of re-election by the Liberal Party not long ago, the down payment for the purchase of the first home will be reduced from 20% to 5%!

Finally, the Liberal Party was re-elected as desired and formed a majority government! This means that the down payment threshold has been lowered, and it also means that the Labor Party’s previous elimination of negative gearing, which was a sword on the housing market, can no longer fall.

The housing market is loose! Australian media: Melbourne housing prices have finally bottomed out!

And just yesterday, there was another major good news about buying a house!

Australian Banking Regulatory Authority-APRA

It is planned to cancel a loan regulation that has been tightened for 5 years, and banks will no longer be required to evaluate the customer's loan repayment ability at a 7% interest rate!

Although it has not been officially cancelled, Australia's real estate industry, banking industry, and people who plan to buy houses have all danced happily.

Then, the governor of the Bank of Australia came out to speak again

Interest rate cut in June! We are serious! !

Because this means that people who plan to buy a house can borrow more money from the bank and realize their dream of buying a house soon!

And this move is undoubtedly a win-win for the bank and the people who want to buy a house!

The bank can lend to more customers and earn more money

The number of people buying houses may increase as a result, and the Australian real estate industry may have toBottom outNow!

Is this information too much? !

So, let’s not worry about what these policies are. Let’s take a look at how intense the "Loan Relaxation Order" was issued this morning!

ANZ stock gains

NBA stock gains

Westpac stock stopped falling and rebounded

Commonwealth Bank skyrocketed

Australian banking stocks are also going crazy, and the Australians holding bank stocks are even better than winning the special lottery!

Coupled with the economic benefits of the Liberal Party coming to power over the weekend, bank stocks have risen for two days! The momentum is just right!

Because the bank stocks rose too strongly, ASX200 directly rose to 300 billion!

The Australian mainstream media and financial media have been swiped by this breaking news!

APRA finally speaks! Australia's loan policy is finally relaxed!

The previous household loan restriction policies implemented by financial regulators have effectively controlled the rampant rise in housing prices. Recently, Australian Finance Minister Scott Morrison said that if housing prices can fall more than expected in the near future, the regulator may relax loan restrictions.

Mr. Morrison said the government is "closely watching" the increasingly cold residential market.

In an exclusive interview with the Australian Financial Review in the United States, he said that in the past few years, the government has implemented stricter household loan policies against banks and these measures are "very malleable."

Mr. Morrison said that in the past few years, the Prudential Regulation Authority has adopted a series of restrictive policies to control investor loans and control the amount of interest-only loans. These policies are "very effective" and help the housing market achieve a "soft landing." However, he also hinted that these policies can be modified based on actual market conditions.

So what did APRA say to make such a big wave in Australia!

This policy is even more powerful than the central bank's rate cut! Many people have been waiting for five years!

Next, this policy will affect everyone living in Australia to a certain extent!

If some friends still don't know what is going on with the interest rate cut, here is an explanation. This thing goes back to 2014...

APRA is very anxious to see this situation: so many people borrow money to buy a house, what should I do?

Therefore, in order to curb the soaring housing prices and to prevent some real estate investors from becoming too indebted, APRA has introduced a policy: When major banks lend to customers, they must follow an interest rate of 7%, or "real interest rate + 2%". The standard assesses the customer’s ability to repay the loan.

In actual operations, banks generally assess the interest rate according to the 7.25% interest rate standard, but the actual interest rate is less than 4%. As a result, many people cannot pass the 7.25% evaluation standard, and eventually they have no way to borrow money to buy a house.

This policy has been implemented for 5 years. Now, APAR intends to abolish this policy and allow banks to develop their own interest rate standards to evaluate customers' loan repayment ability. In order to make more money, banks will of course not evaluate them at a high interest rate of 7.25%.

This is equivalent to saying that the threshold for mortgages has been lowered and it will be easier for everyone to buy a house! Originally at an interest rate of 7.25%, you cannot meet the loan standard. But after the policy is cancelled, you may be able to meet the standard and realize your dream of buying a house sooner! This is especially advantageous for those who intend to buy their own homes, because the bank's loan interest rate for their own homes is lower than that of investment housing.

All in all, this policy is a good thing for banks, real estate buyers, and the real estate industry.

CoreLogic analyst Cameron Kusher said that this may slow down the decline in Australian house prices and prompt the real estate market to bottom out and rebound in advance! At that time, the real estate industry in Australia was in its heyday, and the houses were like no money. The rich were hoarding the houses one after another, and those who had no money had to buy loans.

This situation is not impossible. Because just today, the Australian banking industry also ushered in another big news! The Bank of Australia plans to cut interest rates!

This matter has actually been passed on for a long time. Today, the Reserve Bank of Australia finally announced it!

Today, the Governor of the Bank of Australia, Philip Lowe, said in a speech to economists that he would consider whether to cut interest rates at the next central bank meeting!

You know, it is very, very rare for the Bank of Australia to give such a clear signal! Therefore, the Australian media said that this means that a rate cut in June is almost a certainty!

This undoubtedly injects a booster for the real estate industry! Some real estate analysts also said that relaxing loan restrictions and lowering interest rates will promote a rebound in Australian housing prices!

Bank sources said that the most affected are owner-occupier customers. Financial experts said that the Reserve Bank will lower the official interest rate to 1.25% in the next few months, and APRA's measures may loosen household credit supply.

Although the policy has not yet been formally implemented, Australia's real estate industry, banking industry, and friends who plan to buy houses are already blooming! ! ! This is simply a big signal that the Australian real estate market is picking up!

According to the Australian Financial Review AFR report, 2019 high-rise apartments will be sold in Melbourne in 17,000, which is even higher than the 13,500 last year.

Among these large number of transactions, the Chinese buyers who flooded into the Australian real estate market in previous years still accounted for a considerable share. However, since Australia’s four major banks stopped lending to overseas buyers in 2016, overseas buyers have been facing unfair treatment and numerous challenges in the Australian real estate market:

At one time, the government continued to increase the burden on buyers on stamp duty. At present, the additional stamp duties of all major states have increased; at one time, there will be some temporary lending institutions that will collect loans in the name of providing loans to overseas buyers. High application fee, but in the end the loan could not be approved;

There are even many lending institutions that use the Australian income model to require overseas investors to provide corresponding income certificates, salary records, or require you to provide a mountain of English translation materials before handing over the house, so that overseas buyers can apply for loans. Confused...

Malcolm Gunning, chairman of the Real Estate Institute of Australia, also said that stamp duty has always been a major obstacle to people buying a home, especially for first-time home buyers. He said: "Stamp duty will reduce labor mobility, thereby inhibiting economic vitality.

Many people who want to replace small houses look for stamp duty and hesitate, which makes the housing supply not fully utilized. In addition, a number of studies have shown that stamp duty reform is more conducive to improving housing affordability than reforms in negative gearing and capital gains tax (CGT). "

Regarding 2019 Stamp Duty Policy Adjustment

The State of Victoria officially announced:

On July 7st of this year, the stamp duty for overseas buyers rose to 1%! !

According to The Times, the downturn in Melbourne's housing market has brought a deficit of 52 billion yuan to the Victorian budget. The Andrews Labor government had to impose new taxes on property owners, gold miners and luxury car buyers in order to maintain a balance of payments. The government pointed out that in the next four years, stamp duty revenue will be reduced by an average of $4 billion a year. This is also the worst result in Victorian history, making the government's losses during the global financial crisis worthless.

The government pointed out that in the next four years, stamp duty revenue will be reduced by an average of $4 billion a year. This is also the worst result in Victorian history, making the government's losses during the global financial crisis worthless. The Ministry of Finance predicts that the four-year budget deficit caused by the housing market downturn will reach $13 billion. According to the latest data from the State Revenue Service, this fiscal year, the reduction in sales of single-family houses and apartments led to a decrease in government revenue. The average monthly transaction volume decreased by 4% from 52 in FY2018 to 1.63 this year.

Treasury Secretary Pallas said that the tax increase policy he will implement in Monday's budget is a very prudent measure, and the purpose is to increase government spending on schools, hospitals and public transportation.

Professionals said that this measure is one of the government's strategies to prevent excessively rapid housing prices. Some people will interpret it as curbing the housing bubble and thus bearish the Australian housing market; others will think that this is a healthy performance of the Australian housing market, and therefore are bullish. The key to the Australian property market depends on their respective positions. Experts believe that the introduction of this measure can better reflect the health and regulation of the Australian real estate market.

The Victorian Treasurer said that due to the weak real estate market, the series of measures are designed to compensate for the estimated stamp duty reduction of approximately A$52 billion in the next four years. He said: "Of course we are dealing with difficulties related to the real estate market, but we can manage to get through this period."

He admitted that this is a "big number" compared to Victoria's estimated fiscal revenue of A$2400 billion in the next four years. From July 7 this year, the stamp duty rate for foreign investors will increase from 1% to 7%, and from January 8 next year, the land surcharge rate for absentee owners will increase from 1% to 1%. This change will affect About 1.5 overseas owners.

Australia's Victorian government levies stamp duty to buy overseasIncrease from the current 7% to 8%!

And house vacancy taxIncrease from the current 1.5% to 2%!

At the same time, it is officially called a house loanInterest rate will be reduced to 1.25%!

Owning your own big house is no longer a dream!

Now is the best time to shoot

It is recommended that friends who have the idea of ​​buying a house do not hesitate anymore and start decisively before the implementation of the New Deal! I hope everyone can choose the house of their choice!

If you have any information about apartment projects that you need to consult, please feel free to consult. In addition, if you have any questions about the transfer of off-plan properties, please feel free to contact our staff. We will reply you as soon as we see the information.