Only carefully selected property portfolios are accepted after thorough appraisal, to ensure that each individual property guarantees a stable and sustainable return on investment for clients.
UCHK Consulting Ltd has a premier range of currently available investment opportunities, selected for overseas investors. UCHK is committed to the wealth creation of our clients. This means that every stage of the buying process is carefully mapped out in an efficient way.
A team of consultants and experts in the fields of law, immigration, tax and every other relevant field, assist UCHK to maximise profitability for the client.
Real estate investment - property steps
STEP ONESelect a UCHK approved property within your price range, desired floor plan and view. The floor plans will give you a full view and layout of the building.
Speak to one of our qualified representatives to confirm the apartments availability and complete the reservation form. Complete all your personal details. If you don’t have an Australian lawyer, leave this blank and UCHK will advise you.
Pay the $5,000 reservation fee by credit card (Mastercard or Visa) or by electronic bank transfer. Ensure some form of receipt is attached to the reservation form as proof of your fee.
Sign the purchasing agreement - Contract of sale. A UCHK consultant will walk you through and give you a copy for your records.
Pay the balance of 10% deposit via electronic bank transfer to your law firm no later than 10 days after signing the reservation form. You can also pay to an Australian bank who will hold the money in your name and issue a guarantee. If additional time is required please discuss this with your UCHK representative.
Appoint an Australian lawyer to act on your behalf at settlement. DONE - There is nothing else to complete. As construction of the development progresses you will be sent updates. As completion approaches you will be advised to prepare for settlement.
Government Stamp Duty savings is only available in the state of Victoria and can save you up to $40,000 depending on the purchase price of the property. Stamp duty is a Government Tax on the transfer (or sale of land) Stamp Duty savings is only available for ‘early’ off the plan buyers (prior to construction commencing) and is not available for existing properties.
OVERSEAS INVESTOR APPROVAL
Overseas investors are permitted to purchase new property in Australia regardless of their Australian visa or immigration status. This approval is referred to as FIRB (Foreign Investment Review Board) Overseas investors from any country can easily purchase new off-the-plan properties. Property developers offering apartments off-shore will provide all the necessary approval letters on your behalf.
Only a 10% initial deposit is required to purchase an investment property in Australia. The deposit is secured (escrow) in your name at the vendors law firm and the seller cannot access these funds until the property is settled. Another alternative, is the option of providing a bank guarantee to secure the 10% deposit. This option requires the purchaser to open an Australian bank account with any of the Australian banks located in Asia and deposit the 10% into their own bank account. The bank will then hold the 10% funds as security and issue the sellers lawyer a ‘Bank Guarantee’ as evidence of the deposit.