Temporary Residents

Can I Get A Home Loan If I’m On The SOL?

personOtto Dargan access_timeMay 23, 2016

Which visa types will the banks accept? To all foreign citizens planning to live and work as a permanent resident in Australia, heads up! The Australian government has just released the list of skilled professions that will be accepted for a permanent resident visa status in...

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Going, Going, Gone! The End Of Foreigners Buying Australian Property

personOtto Dargan access_timeMay 9, 2016

“I’m so stressed. I have 11 properties settling and I don’t know what to do, none of the banks want to lend to foreigners…” The message was from a friend of mine who’s also a mortgage broker. She sometimes messagages me to get advice for tricky...

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Borrow Up To 95% On A 457 Visa

personOtto Dargan access_timeJune 13, 2014

457 visa holders living in Australia can now borrow up to 95% of the purchase price of a home including lenders mortgage insurance (LMI) thanks to a recent policy changes with one of our banks. What does approval depend upon? Approval is still subject to your financial situation...

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The Queen’s Home Loan Would Be Declined

personOtto Dargan access_timeJune 4, 2014

What would happen if Queen Elizabeth II applied for a home loan in Australia? If the banks used common sense, which they don’t, then surely she would get approved? Actually, it wouldn’t be so easy. Australian banks are required to follow lending standards set by the...

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Mortgage Insurance In Different Nations

personOtto Dargan access_timeMarch 23, 2013

Mortgage insurance (MI), known as Lenders Mortgage Insurance (LMI) in Australia, protects banks and lenders in the event of a borrower defaulting on their loan. It exists in most mortgage industries around the world, often under different names. Regulations and lending policies...

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10 Tips For Buying A House In Australia

personOtto Dargan access_timeFebruary 14, 2013

10 Tips for buying property in Australia Moving to Australia means you need a place to live. Many expatriates will eventually look to purchase property. Some like to purchase before moving to the country. Living here in a rental property, for at least the beginning of your stay,...

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Australian Mortgages For UK Residents

personOtto Dargan access_timeDecember 11, 2012

Australian real estate has been popular with British expats and investors for a long time. Many like to move here, either temporarily or permanently. At the moment Australia is also one of the safest property investment countries in the world. Does buying real estate differ in...

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Australian Mortgages For New Zealand Citizens

personOtto Dargan access_timeDecember 3, 2012

Many people from New Zealand look to purchase investment property, or to buy a new home in Australia. The options available differ slightly between NZ citizens living in Australia, NZ citizens living in NZ and permanent residents of New Zealand (NZ). Does buying real estate differ...

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Buying Property In Australia

personOtto Dargan access_timeOctober 24, 2012

Be Aware of your Situation Just like most other nations, buying property in Australia as a foreigner can be confusing and involved. However it does not have to be! A small amount of work and you can be on your way to owning your own home or investment property. Your overall situation,...

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Australian Mortgages For USA Citizens

personOtto Dargan access_timeOctober 24, 2012

Contrary to popular belief, there are Americans that actually know where Australia is! In fact, each year, thousands of US citizens migrate Down Under to become expats to holiday and work, and some even end up buying their very own slice of the Australian dream. A large number...

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