Copyright:Pear Real Estate
The top ten countries in the report are the United Kingdom, Australia, the United States, France, Canada, the Netherlands, New Zealand, Germany, Ireland and Sweden.
In this ranking, the mainland China market is in the semi-transparent market and is promoted to the critical point of the transparent market, ranking 33rd in the world.
The following are the top 20 countries in the 2018 Real Estate Market Transparency Index and their indicators:
The Global Real Estate Market Transparency Index Report is compiled by Jones Lang LaSalle (JLL) and is published every two years. It evaluates 100 companies worldwide by evaluating a series of indicators such as listed company governance, legal regulatory environment, trading process and market data disclosure. The transparency of the real estate market in each country and region is analyzed and these countries and regions are classified into five levels of transparency, which are highly transparent, transparent, translucent, low transparency and opaque.
The person in charge of the report pointed out that there is a close relationship between market transparency and cross-border investment activities. Market transparency is another key factor in investing in Australia, in addition to economic diversification, strong population growth and good market fundamentals. Australia has attracted a large amount of foreign capital inflows with its solid economic fundamentals.
Since 2012, the data released by JLL shows that the total value of overseas investment projects in Australia is more than 56.3 billion Australian dollars. Among them, commercial real estate such as office, retail and other real estate sectors accounted for 33.2%.
Transparency is becoming more and more important in real estate investment. As more and more capital is invested in the real estate market, investors are increasingly demanding transparency in the real estate market.
In addition to the high market transparency, the Australian real estate market has the following advantages.
Stable economic environment
First of all, Australia's economy is resilient. Even in the global economic crisis, there is no economic recession. It is one of the few countries in the world that has always maintained price stability without inflationary pressure.
For investors, it is very important for a country to have a stable economic environment, which determines the level of market risk. The Australian property market has maintained a steady growth trend for many years.
According to RESIDEX statistics, Australian property prices have averaged a growth cycle every 10 years over the past 30 years, which means that property prices will double every 7-8 years. And the average annual rent of 4-7% is easy to rent, and the double-line housing prices and rents continue to grow.
Population continues to grow
Australia's population is growing rapidly. In the past year, Australia's population has increased by nearly 400,000, which is like adding a city as large as Canberra. According to reports, these new residents are mostly distributed in four major cities in Australia: Melbourne, Sydney, Brisbane and Perth.
According to the survey, the population of Melbourne increased by nearly 1 million during the decade from 2006 to 2016. Sydney is also a short distance away, with an increase of 800,000 people. During the same period, the population of Brisbane and Perth also increased by nearly 500,000.
Since 2017, the birth rate of infants in Australia has exceeded the level of ordinary developed countries. According to experts, the birth rate of Australian babies has reached a high point, and a newborn is born every 1 minute and 43 seconds.
Currently, Australia will add 1 person every 83 seconds. According to previous forecasts, the population of Australia will increase to 36 million in 2046, with Melbourne's population reaching 7.3 million, Sydney increasing to 7.4 million, and Brisbane and Perth's population doubling to 4 million.
Standardized housing operation market
The Australian government has strictly regulated the qualifications of personnel engaged in the real estate industry, including lawyers, agents and brokers. Professionals engaged in real estate activities must have a certain degree of education, corresponding practical experience, and pass the examination to issue a qualification certificate, which can be practiced after registration and is very standardized.
Whether it is buying a house or selling a house, Australia has the most comprehensive system to protect property owners. For overseas buyers, the clear and transparent operation market guarantees the safety of investment. Buyers do not have to worry about themselves, and they can fully invest overseas without leaving their homes, that is, worry-free and assured.
New home with low down payment and flexible portfolio
One of Australia's most attractive overseas investors is the low down payment for new homes, flexible portfolio, low investment risk and adequate financial leverage. A 10% low down payment is affordable for most people. Real estate is the most stable investment project compared to stocks, funds, etc.
In addition, Australia's housing market is subject to strict national regulation, and buyers are protected in many ways with less risk. Mainly reflected in the following aspects:
Separate duties
Australia's history is not long, and the system is very rigorous, which is reflected in all fields.
For example, banks independently bear market risks and ensure that they can objectively assess property values and market risks when providing mortgage loans, avoiding financial risks and excessive investment; relevant government departments independently assume approval responsibility for various information that needs to be approved, and relevant processes are synchronized. Open; the developer strictly follows the approved project construction, and the final approval document is included in the owner's purchase contract and accepts public supervision.
This avoids the formation of a unity of interests and greatly protects buyers.
Mandatory lawyers and intermediaries
Buying and selling real estate in Australia must involve a qualified intermediary and involve a lawyer throughout the process.
Australia's purchase contract involves many aspects of professional knowledge, the general owner or sales staff can not fully grasp, the two sides must have a lawyer, even if there is no contract factor, it is mandatory to buy a house through a lawyer. In this way, the owner does not have to worry about illegal operations.
The first payment is deposited in an independent trust account management
Overseas people are most concerned about whether the down payment when buying an apartment is safe, which is completely reassuring in Australia. The law stipulates that Australia's down payment must be in a trust account jointly supervised by lawyers and the government. Neither the developer nor the buyer can use the money.
If the buyer buys the house and pays the house, the remaining money will be paid before the acceptance is correct. In other words, the developer can only get money after passing the acceptance check. If the developer goes bankrupt or goes bankrupt, the government will return the customer with 10% of the down payment and interest, which is of high security and guarantees the most basic interests of each customer.
Highly transparent market, sound laws, sound regulations, and mature management practices... All of the above are prerequisites for ensuring the healthy and stable development of the Australian property market.