Overseas buyers buying a property in Australia and obtain the home loan
- Australian Government and banks very welcome the overseas investors to invest in Australian properties. The lending policy, requirement, interest rate and fees and charges are the same with locals
- Raising the funds from the Australian banks to buy properties in Australia will bring you the taxation benefits and leverage your investment portfolio
- Investors can use the increased equity on the property in the future to purchase 2nd property
- Most of banks allow borrowers to choose interest only repayment for the first 5 or 10 years without paying the principal off. Any advanced payment can be redrawn if needed (variable rate only)
- Max LVR is 70% to 80%
- Commercial property could be another option for investors. For overseas buyers, generally they can borrow up to 65% of the property value
- Currently 65% loans in Australia are done through brokers like Mortgage Choice. We have nearly 30 different lenders including major banks to choose from
- Interest rate, fees and charges are exactly the same with the lenders offer