Process of Purchasing Real Estate in Australia：
A. Second-hand House Purchasing（Including house, townhouse and apartment）
1. Surroundings, traffic and overall conditions survey.
2. Confirming purchase object, no.32 legal document will be required，purchasing contract reviewed by solicitor.
3. Signing purchase contract after confirming all details，pay deposit（normally 10%），proceed mortgage application.
4. After mortgage application confirmed successful, it will take 60-90 days for official hand over. Buyer needs to pay the rest payment according to contract.
B. Pre-selling Housing or Finished Housing（Including house, townhouse and apartment）
1. Surroundings, traffic and overall conditions survey.
2. Confirming purchase object, no.32 legal document will be required，purchasing contract reviewed by solicitor.
3. Signing purchase contract after confirming all details，pay deposit（normally 10%），proceed mortgage application.
4. After mortgage application confirmed successful and building completed, real estate transfer will be proceed. Buyer needs to pay the rest payment according to contract.
C. Purchasing “Land + building” combo（Including house and townhouse）
1. Surroundings, traffic and overall conditions survey.
2. No.32 legal document will be required，Pay small amount of deposit to reserve the land after confirmation，signing “Letter of intent”.
3. Signing “Land purchasing contract” within the period and pay deposit according to contract.
4. Land title will be transferred after the rest payment is paid.
5. Building plan begins and then submit the building plan to government. Once got approval, the building process begins.
6. Building process begins and the payment for building should be paid step by step according to contract.
7. After building completed, go through government final approval. The rest payment will need to be paid according to contract.
8. Open for occupancy. Warranty service provided.
Process and document for mortgage：
(Below information is a guideline for customers to meet Austrlia bank requirement. Detail request please consult with bank landing manager directly.)
Open up personal bank account for client. As usual, bank in Australia will normally need the passport scan of the client.
The bank will usually arrange 2 different accounts for client, one for mortgage and the other one for saving.
As to mortgage for Chinese client, bank in Australia will normally need the information listed below:
1) Address and phone number in China. Transition timing.
2) Income certificate: Letter of certification, pay slip. It will be the best if there’s bank transferring record within 3 months.
3) E-mail address and cell phone number.
4) Full name, address, phone number, tax number of the company. Name, position and years of working in the company.
5) Asset value (estimate): Real estate value (China), Car value (Brand and age), Bank deposit (which back)
6) Debit: Credit card limit (which bank), mortgage for house or car (if applicable)
7) Bank will need the copy of passport and driver license
Purpose of the liseted infromation here is to meet bank requirement.
Pay slip for bank:
Company title paper (including phone number and address), company’s stamp, name of client, salary (before tax), bonus (not too much), social security (Insurance and Housing Fund), personal income tax, net income.
Income certificate for bank:
Company title paper (including phone number and address), company’s stamp, income period, employment certificate, years of service, income before tax, income after tax, signature of director or accountant.