Investing in Australia real estate has become really popular with foreign investors looking for strong returns and stability.
Foreign citizens can qualify for an Australian mortgage to invest in Australia however, the interest rates are high, the setup fees are high and the lending criteria are strict.
- When borrowing up to 70% of the purchase price of a new property in Australia the interest rates are around 6.5% to 8.00%.
- When borrowing up to 55% LVR, the interest rates are below 5.00% if you have a high net worth and earn a primary currency (GBP is one of them)
- Foreign business income is only accepted by one or two lenders.
- Interest only loans available (max 5 years term).
on 1300 889 743 (+61 2 9194 1700 if you’re overseas) or fill in our free assessment form to find out if you qualify for an Australian mortgage at a competitive interest rate.
Cheers,