Congratulations on receiving your PR.
Yes, most lenders treat permanent residents as par with the citizens for a home loan and they’re given the same interest rate and discounts.
While purchasing a property, generally you can expect to spend up to 5% of the contract price on fees, duties and other charges when you are buying a property.
To help you find out the amount that you may need to pay when buying a house you can use our purchasing costs calculator. Please remember this is just an estimation and the actual amount may differ according to each lender.
Please also note that this calculator will only show you the government fees that you are required to pay. They are as follows:
- Purchase stamp duty - This is a tax levied by the state government on all property purchases.
- Mortgage stamp duty - This is a tax levied by the state government based on the size of the mortgage. It has been abolished in most states.
- Transfer fee - This is a government fee for registering your name on the title of the property and removing the vendor’s name.
- Registration fees - This is a government fee for registering your lender’s mortgage on the title of your property.
You can enquire online or give us a call on 1300 889 743.
Cheers,