Property purchase at Canberra by international students

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Tony Dao
Mortgage Specialist
Posts: 111
Joined: Fri Apr 01, 2011 2:41 pm
Location: Sydney, Australia
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Re: Property purchase at Canberra by international students

Post by Tony Dao »

Hi

To answer your questions:

1. Student Visa cannot qualify for a loan but there are other options which we can arrange to make it work. E.g. we can sometimes buy the property in your parent's name.

2. Average cost cannot be determined on property. There are too many variables to determine price of property. You need to search for the property yourself and the property you are looking to buy needs to be FIRB approved.

3. Mortgage will be available depending structure and how we present it.

4. Average duration of mortgage is about 30 years.

5. You will need roughly have 20% of the purchase price as a down payment and another 5% for other fees and charges.

Please call us to see how we can qualify you for a loan.

Thanks,
Tony Dao
Senior Mortgage Broker
P | 1300 889 743 E | tony@homeloanexperts.com.au
Home Loan Experts

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