According to reports, the new crown epidemic may prevent overseas tourists from coming to Australia, but it has not extinguished the enthusiasm of overseas buyers for Australian real estate. And overseas buyers seem to be particularly interested in properties on the Lower North Shore, and they are not limited to luxury homes above A$10 million.
An agency said that three overseas buyers were very interested in a house from the 1930s. This three-bedroom building needs to be rebuilt or demolished and rebuilt. However, the location where the house is located allows you to see an excellent harbor view, which is expected to attract many buyers. Among the three interested buyers, 2 are locals and the other is an expatriate who previously lived in Hong Kong . The agent said: “There are some very, very good ex-expatriate buyers overseas. Buyers have been negotiating to buy this house. She can’t disclose the final price, but said it far exceeds the reserve price of A$5.25 million to A$5.75 million. The price is over 6 million Australian dollars.”
According to the new budget, according to the federal government’s 5% down payment plan, first home buyers can be exempted from paying thousands of Australian dollars in mortgage insurance, and the government will add another 10,000 places. First home buyers only need a 5% down payment. You can build or buy a new house. “Shovel ready” infrastructure projects will receive A$3 billion, of which two-thirds will be used for small road safety projects, and the rest will be used for government local roads and community infrastructure projects. National housing companies will also be allowed to issue another A$1 billion in bonds to encourage more investment in affordable housing construction.
