This page is for Australian Permanent Residents (PR) who would like to apply for a mortgage to buy real estate in Australia.

How much can you borrow?

  • Permanent residents living in Australia: Some of our lenders will consider lending up to 95% of the property value.
  • Permanent residents living overseas: One of our lenders will consider lending up to 90% of the property value. Some may lend higher depending on the strength of your application.
  • Permanent residents with a foreign income: Foreign income is considered on a case by case basis depending on the nature and source of the income.
  • New Zealand citizens: Please refer to our New Zealand citizens mortgage page.

Want to get the best interest rate? Call us on 1300 889 743 or enquire online and one of our mortgage broker can help you to find a competitive home loan.

You can also apply for first home benefits such as the First Home Owners Grant (FHOG)! Read on to find out how.

Permanent residents living overseas

Although most lenders will not allow PR holders living outside of Australia to borrow, we have some lenders that consider this under their standard lending policies. However, you must be able to prove your income and in some cases you may be required to hold a Power of Attorney (POA) in Australia.

Call us on 1300 889 743 or enquire online and one of our mortgage brokers can help you find a lender that can accept your situation.

Permanent residents with foreign income

Income that you earn from shares, property or businesses overseas can be used to help you repay a loan in Australia.

Some lenders can even advance your loan in a foreign currency so that you face less risk from exchange rate fluctuations!

However, not every lender accepts foreign income when assessing your ability to repay the debt. Please discuss this with us to find out if this is applicable to your situation.

Is Australian government approval required?

No, Foreign Investment Review Board approval is not required.

Are first home benefits available?

The Australian government’s First Home Owners Grant (FHOG) and other benefits are available for permanent residents!

You should check with your specific as to what is available to you:

Does it matter which immigration visa I have?

All of the below visa types are acceptable for home loans! This is because they are assessed by Australian lenders in the same way that permanent residents are:

  • Skilled – Sponsored (Migrant) Visa (Subclass 176)
  • Independent Skilled Migration Visa
  • State or Territory Nominated Independent Visa (STNI) (Subclass 137)
  • Skilled Migrant – Australian Family Sponsored Visa
  • Skilled Migrant – Regional (Designated Area) Family Sponsored Visa
  • Distinguished Talent Migration Visa
  • Independent Skilled Graduate Student Visa
  • Skilled Graduate Student – Australian Family Sponsored Visa
  • Skilled Graduate Student – Regional (Designated Area) Family Sponsored Migration Visa
  • Independent Skilled New Zealand Citizen Migration Visa
  • Skilled New Zealand Citizen – Australian Family Sponsored Visa
  • Skilled New Zealand Citizen – Designated Area Family Sponsored Visa (Subclass 863)
  • Skill Matching Scheme
  • Australian Employer Nominated Migration Visa
  • Regional Sponsored Migration Scheme visa (Subclasses 119 and 857)
  • Labour Agreement Migration Visa
  • Former Resident (Subclass 151)
  • Skilled Independent Regional (Provisional) Visa (Subclass 495) – The SIR Visa
  • Graduate Skilled Temporary Visa (Subclass 497)
  • Business Owner (Residence) Visa (Subclass 890)
  • State or Territory Sponsored Business Owner (Residence) Visa (Subclass 892)
  • Investor (Residence) Visa (Subclass 891)
  • State or Territory Sponsored Investor (Residence) Visa (Subclass 893)
  • Business Talent (Permanent) visa (Subclass 132)
  • Established Business in Australia (Subclass 845)
  • Regional Established Business in Australia (Subclass 846)
  • Partner visa (subclass 100)
  • Prospective Marriage Partner – Fiancé
  • Interdependent Partner Migration
  • Parent visa (subclass 103)
  • Aged Parent Migration – Class BP (Subclass 804)
  • Aged Dependent Relative (Subclass 114 & 838)
  • Remaining Relative (Subclass 115 & 835)
  • Carer Visa (Subclass 116 & 836)
  • Resident Return Visa
  • Contributory Parent – Class CA (Subclass 143)
  • Contributory Parent – Class DG (Subclass 864)
  • Labour Agreement visa (Subclass 120)
  • Employer Nomination Scheme visa (Subclasses 121 and 856)
  • Distinguished Talent visa (Subclass 124)
  • Distinguished Talent visa (Subclass 124)
  • Skill Matching Visa (Subclass 134)
  • Skilled Independent (Subclass 136)
  • Skilled Australian Sponsored (Subclass 138)
  • Skilled – Designated Area Sponsored (Subclass 139)
  • Resident Return visa (Subclasses 155 and 157)
  • Skilled — Independent (Subclass 175)
  • Employer Nomination Scheme (Subclass 186)
  • Regional Sponsored Migration Scheme visa (Subclass 187)
  • Skilled Independent visa (Subclass 189) (Points-tested) stream
  • Skilled Nominated visa (Subclass 190)
  • Refugee visa (Subclass 200)
  • In-country Special Humanitarian visa (Subclass 201)
  • Emergency Rescue visa (Subclass 203)
  • Woman at risk visa (Subclass 204)
  • Woman at risk visa (Subclass 204)
  • Labour Agreement visa (Subclass 855)
  • Employer Nomination Scheme visa (Subclasses 121 and 856)
  • Distinguished Talent visa (Subclass 858)
  • Contributory Aged Parent visa (Subclass 864)
  • Offshore – Resettlement Protection visa (Subclass 866)
  • Skilled — Independent visa (Subclass 885)
  • Skilled — Sponsored visa (Subclass 886)
  • Skilled Regional visa (Subclass 887)
  • Skilled Regional visa (Subclass 887)
  • Business Innovation and Investment (Permanent) visa (Subclass 888)

Are you a significant investor (SIV 188 visa)?

The SIV 188 visa came into effect as a new stream within the Business Innovation and Investment (Provisional) (Subclass 188) and the Business Innovation and Investment (Permanent) (Subclass 888) visa on 24 November 2012.

Effectively, it allows high net worth (HNW) foreign investors to live in Australia for up to 4 years and 3 months, with the option to apply for the permament 188 visa.

We have more negotiating power with certain lenders for borrowers on the SIV visa.

For example, most lenders will only consider income in Australian Dollars (AUD). Others will accept foreign currency but will require that the majority of your income be the same as your country of residence.

With the Significant Investor Visa, some lenders may be willing to waive these requirements so you can qualify for a mortgage in Australia and grow your property portfolio.

If you are on a SIV 188 visa, call us on 1300 889 743 or complete our online enquiry form to start buying real estate in Australia.

Be careful of the foreign citizen stamp duty surcharge!

The foreign citizen stamp duty surcharge applies to all Australian states except for the Northern Territory (NT).

While it only usually applies to foreign citizens living overseas buying Australian real estate, new PR visa holders can sometimes get swept up in the surcharge if they don’t meet certain requirements.

For example, for some states like Queensland (QLD) and Victoria (VIC), you need to be in the country at the time of contract exchange to avoid the stamp duty surcharge.

However, in New South Wales (NSW) specifically, you need to be in the country for the contract exchange and settlement.

You can also be hit with the surcharge in select states if you’ve been in the country for less than 200 days since getting your PR visa.

Apply for a mortgage

Do you hold a 189, 190, 801 or another type of permanent resident visa?

We’re mortgage brokers who specialise in helping people without citizenship buy property in Australia. To find out how we can help you get approved for a permanent resident mortgage, please contact us on 1300 889 743 or enquire online today.

  • MPhelps

    I hold a PR of Australia, and I currently reside and work in Dubai. Am I eligible for a home loan?

  • Hi M Phelps,

    Although there has been recent restrictions imposed on lending based on foreign income, as a permanent resident of Australia living and working in Dubai you will be considered an expat and are eligible to apply for a home loan.

  • Maxwell

    I was originally here in Australia on a 457 work visa but now I hold a PR. I’ve just completed probation working at CBA bank and I understand that they offer their staff a no LMI home loan for up to 90% LVR. I was thinking of applying directly but a friend suggested I look around for possibly better options first.

  • Hey Maxwell,

    We can do a 90% no LMI home loan for CBA staff and also do a standard pricing request. Our mortgage brokers have dealt with a lot cases like this and one of their main specialties is that they also look to the future and how your home loan will shape up and meet your goals. What this means is that although you may qualify for no LMI with CBA right now, you need to know that you will definitely want a better rate in two years or so, which the bank is less likely to deliver. There are better discounts in offer elsewhere so you can consider them too. Please call 1300 889 743 to discuss this all in detail.a

  • Ken Lim

    My name is Ken Lim. I am working as an auditor in Malaysia and will be getting my Australian PR soon, most probably in June 2016. I am planning to reside in canning vale, perth with my family. I wish to buy a house over there so that my children can study at one of primary school over there.

    I have a concern here on my loan application. Can I use my souce of income in Malaysia as part of supporting documentation to apply loan in any australian bank? Do I eligible for first home owner grant and what would be the requirement then?

    Many thanks.

  • Hi Ken,

    When you are a PR holder then from Malaysia you can buy a property however you’ll need a minimum 20% – 30% deposit. If you move to Australia then you’ll need only a 5% – 10% deposit.

    Foreign income can only be accepted in some situations. It’s quite complicated. Income from a job or rent is usually ok. Income from a business is accepted less often. We have some lenders that can use this (if you are PR) however they need a large deposit approx 30%.

    You would be eligible for a first home grant if you live in the property. You can read the full requirements here

  • Ken Lim

    Hi, my family and I will definitely move to perth upon getting the PR. It just that we wish to buy a house for before i come over. In order to get this in place, i would then need to get the loan application approved based on my income as auditor in Malaysia.

    If this doesn’t work, we have to rent a house and get a permanent job first before can buy a house. Am thinking a workable solution to address this. Thanks.

  • Hi Ken,

    Buying before your PR is granted won’t work as Malaysian Ringgit isn’t an acceptable foreign investor currency for our banks. Once you have PR we can get you approved even if you haven’t yet moved to Australia.

    I totally understand why you’d want to buy rather than rent, looking for a new house twice and moving house twice would be a big waste of time.

  • Ken Lim

    Hi, thanks. I have a clearer picture now. That’s mean I can still apply the mortgage loan with australian bank based on my income in Malaysia so long I am PR. In addition, is there a requirement for PR to stay within 12 months if I do NOT opt for the first home grant? What would be deposit requirement then? Thanks.

  • Hi Ken,

    If you decide to buy an investment property in Australia (i.e. not move into the property within 12 months) then the deposit size may vary. We’d need a full application from you to confirm this. Typically you could borrow 70% to 80% of the property value due to the currency you earn not being one that Australian banks prefer.

  • angie ng

    Hi, I’m Australian PR under visa subclass 189 together with my family. We are planning to move to Perth next year. I’m self employed in Singapore currently. May I know the housing loan requirement/documents to purchase a property in Australia?

    Kindly advise. Hope to hear from you soon. Thank you.

  • Hi Angie,

    For Singapore we’d need your last two years financials, two years tax returns, your last two years notices of assessment (from IRAS), bank statements showing that your business is trading as well as other standard documents such as identification. Both us and the lenders have extensive ID and income verification processes so expect to provide more documents than the minimum and for the lenders to ask for more as well.

    Alternatively as a PR holder you may qualify for a low doc loan on a case by case basis We’ve done a few, tax returns are not needed but bank statements and an accountants letter are likely required. If you’d like our help then please complete our enquiry form

  • Bharat Sethi

    Hi, We are an Indian national family 2 adults and 2 Kids, Both of us are working in the UK for last 4 years on Tier 2 Visa. We have been granted Australian PR under subclass 189. We are planing to move for good next year in Feb. Can you please suggest what all documentation should we carry with us while moving to Australia that can help us to apply for loan?

    Also, we have very good credit score in the UK, does it help in getting loan at all?


  • Hi Bharat
    Evidence of your rental payments in the UK, 2 payslips ftom the UK, a copy of your visa and three months statements for your savings would be helpful.

    You can buy before you arrive or when you arrive as long as you have a job in Australia.

  • Godfrey

    Hi, I’m Australian PR. I’m self employed in China currently. I heard that all banks are restricting home loan for oversea investors and all oversea incomes does not count for repaying the loan. Is it true? If not, which bank do you recommend?


  • Hi Godfrey

    We can assist however there will be extensive income verification requirements and you may pay a higher rate than usual due to being self-employed in China. We only have a small number of lenders that can assist in this situation.

  • Aadil Arshad


    I am a citizen in Australia and trying to buy a property along with my friend who is Permanent residence and overseas he will be contributing to repayments and I want to buy it as a first home as well.Will that be possible to do.

  • Hi Aadil,
    We’d need to know a little more info, however indicatively we can assist.
    We can assist:
    – Aus citizen + Aus PR living outside of Australia
    – Aus citizen + Aus PR living in Australia
    – Aus citizen + foreign citizen with no visa living outside of Australia
    So it is likely we can help.
    In terms of the property being your first home this is fine for the banks. As for the any first home grants normally as long as one owner lives in the property for at least six months commencing within the first twelve months then this is ok to receive grants. You’d need to check with your state government to be sure.
    If you’d like our help then please fill in this form

  • Elizabeth Huang

    Hi, I have Australian PR and I am currently working in Sydney, my bf (non AU citizen nor PR) works in the U.S. with working visa, I am wondering if we buy a house, will Australian banks take his income so we can get a loan together? If not, can we put both of our names on the house but just use my income to get the loan, in that case will we need more deposit? Thanks!!

  • Hi Liz,
    We love a challenge! The easiest option is to buy a property in your name and to have the loan in your name as well.
    – You’ll avoid paying foreign citizen stamp duty (4% extra in NSW, x foreign citizen owns 50% i.e. $20,000 on a $1,000,000 property).
    – You’ll avoid paying $5,000 FIRB approval fee
    – You’ll have more lenders to choose from as a PR holder.

    We can do loans for a PR holder + foreign citizen however the banks would be suspicious that your relationship is not genuine OR that you plan to move to the USA and leave your job. In particular it would be fine if he was living here on a partner visa or some other temporary visa. We could then use his income easily and you could borrow.

    So I’d recommend you buy in your name OR wait for him to move here and buy in your name but with both of you on the loan.

    Please call us on 1300 889 743 if you’d like our assistance. Ask for a broker who specialises in PR holders and you can come visit our Sydney head office (Rhodes) if you would like an in depth discussion.

  • Bjhan

    Hi, I am Australian PR on Victoria State Sponsorship ( 190 Visa ). I lived in Melbourne on PR status for 16 months due to some personal problems I have been shifted to my home country Pakistan. I’ll return to Victoria exactly after two years. I have two kids and wife ( total 4 persons). I am regular tax payer in Australia. I have started job in my home country, now I want to buy a home in Victoria ( Melbourne area) before moving there. what will be the my situation in getting loan from Australian Banks and first home buyer. I want to show my Pakistani income to buy home. What documents will be required and what will be the procedure.

  • Hi Bjhan
    Yes we can assist with this as long as you are borrowing 70% or 80% of the property value and your income in Pakistan is sufficient to pay the home loan in Australia.
    If you’re borrowing more than 80% of the property value then you’d need to be paid in a major currency such as USD, Euros or AUD for us to get you approved.
    Once you’re in Australia you can easily qualify.
    In most cases first home benefits require you to move into the property within the first 12 months. You should check with the VIC government to be 100% sure regarding all of the benefits
    If you’d like our help then please click here

  • Baljeet

    I am an Australia PR holder and currently working in Sydney. I am planning on to buy a house in Sydney suburbs. Provided I hauve moved to Australia 4 months back, what are possibilities of me getting a home loan and how much percentage I can expect to be financed by the banks.

  • Hi Baljeet,
    Yes you should qualify, you don’t need FIRB approval and you wouldn’t pay additional stamp duty as you’re a permanent resident.
    You can borrow 95% of the property value. The main concerns from a lenders point of view would be if you are on probation at your job and if you have 5% of the purchase price saved in a bank account in your name that has been yours for at least 3 months
    The good news is that both of these are not an issue for some lenders so it’s likely you’d qualify now.
    Please contact us and our team will confirm if you’re eligible and if not they’ll let you know what you need to do to be eligible in a couple of months time

  • Sean

    As a permanent resident who has been here for 15 yrs in Tasmania I’d like to buy a home. I was previously married and bought a house jointly with my Australian wife at the time but she wasn’t eligible for the first home buyers grant as she had previously bought a home with a previous marriage

    We are now separated, I’m on my own and want to know if there is any way to qualify for the first home owners grant as I wouldn’t have qualified at that stage being that I was only a temporary resident at that time or are there other ways to get some assistance?

  • Hi Sean
    If the property you bought before was a home then it’s unlikely that you’d be eligible. I’d recommend you call the TAS State Revenue Office on (03) 6166 4444 to double check.
    As a PR holder we can assist you to get a loan through several banks if you’d like our assistance.

  • Sean

    I have checked with them and apparently because it was a joint home/property I would not qualify.

    Was hoping there might be other schemes available to permanent residents as I currently have %5 saved up I’m at the low end of how much I can borrow are there ways to get a break on stamp duty etc????

  • Some of our lenders allow a personal loan to be used to pay for stamp duty. It’s only suitable if you have a high income and few debts.

  • Sandeep Singh

    Hi , I and my wife migrated to Australia on a permanent visa(subclass 190) 10 months back .we stayed in Canberra for 9 months and now moved to Sydney a month back. we both looking for jobs and I am also doing part time studies. I have rental income from India in my name and therefore have rented an apartment for 13 months in Paramatta.
    If I borrow some money from my parents for deposit of 20% -25% , and demonstrate that i have money to pay for my loan emi on my Indian rental income, can i get a loan and if yes at roughly what range ? It would be my first home in Australia.
    guidance would be appreciated.

  • Hi Sandeep,
    We can use foreign rental income in some situations, however it’s likely that you would need to start in your new jobs before we can get you approved. That’s because the way that banks assess your borrowing power is actually quite conservative.
    We can help even if you are on probation at your new role. Please contact us and we’ll stay in touch ready to get approved when you have found a job.

  • Haseeb Shaikh

    Hello Team,

    I am an Indian Citizen and does not have an Australian PR, Can I buy a property in Australia with someone who has an Australian PR? If I can, then will this allow me to get an Australian PR?

  • Hi Haseeb
    Owning a property in Australia is unlikely to help with getting PR. You’d need to call the department of immigration if you’d like to know about that.
    If you’re a temporary resident then yes you can buy a property on your own. If you’re a foreign citizen then you can buy an investment property in Australia as long as it meets FIRB approval criteria

  • KJ

    I have arrived here in Australia with the help of an INGO and I am on a 204 visa. I was told that this is a permanent resident visa and I am just wondering for now if the above truly do apply to me or not. I will not be buying anytime soon I think so I am just planning.

  • Hey KJ,
    Yes, the above policies do apply on a 204 visa. You can continue checking out our webpages to research more. If you have any more queries or you’d like to discuss things directly with a 204 visa home loan expert, please feel free to contact us on 1300 889 743.

  • BVZ

    If I have a 190 visa for NSW and I immigrate to NSW but still work for a foreign employer as a project consultant, would my remuneration be considered for a mortgage?

    Would it make any difference if I were remunerated in Australian dollars vs the foreign currency?

  • Hi
    It depends on if you’re self employed or a PAYG contractor. Being paid in AUD is better and allows us to choose more lenders. The ideal is that you’re living in Australia and earning AUD. The company can be foreign and we have helped a few people who have well paid consulting jobs in Asia who live in Australia and these were approved despite being paid in USD as they had a good deposit size. As a general rule if you’re borrowing 80% or less of the property value then the income may not need to be AUD.
    Overall we need to know the full details as this kind of situation is complex and case by case.

  • Maajed

    I am an Indian Citizen and have an Australian PR (SKILLED INDEPENDENT SUB CLASS 189), Can I buy a property in Australia with my income proof in India. I am a partner in a business and also withdraw a fixed remuneration from a company.

  • Hi Maajed,
    Foreign business income is usually not accepted unfortunately. If you have employment in Australia this is usually the best way to get approved.

  • Maajed

    Any alternative way to get a loan if i am willing to pay 40% amount as my share…

  • Hi Maajed,
    Potentially you may qualify for a low doc loan however they don’t normally accept income from a foreign business. We may need to go with a more expensive lender to get approved.
    We’d also need to be comfortable with meeting our obligations under the NCCP act and confirming that you can afford the repayments.

  • Andrea

    My Husband is a dual Aus/Canadian citizen – we both live in Canada and plan to move to Aus in Jan 2018. I am also an Aus Permanent Resident (Sub class 820/801). We have been married for 14 years this year.
    We have 300K in an account in Aus with ANZ – our house in Canada (which we are selling) is worth 700K. We are willing to put down 150K on a house in Aus – we have one picked out/contract signed/etc. ANZ will not consider my income – and will only loan my husband 325K. We need at least 500K for this house.
    In Canada – we have only a mortgage of 225K – Line of Credit 75K – and do not have credit card debt. We both hold excellent jobs in Canada with a combined income of 220K gross
    annually (him = 140K and me 80K). We have no kids/dependents.
    We are planning to move to Aus in January 2018 – and while to do not yet have jobs to go do – our friend owns a farm and I will initially be picking avocados for $23.00 hr. (although I am a Project Manager) / a equipment company has sought my husband out to work for them and
    said to send his resume when he lands back in Aus (he’s a journeyman mechanic) –
    so getting work is not an issue.
    We have substantial retirement savings in Canada and Aus. I have a pension (2K p/mth) that will kick in next November – and we have both worked for our current companies for over 15 years (I have been with our provincial government over 18 years).
    We were somewhat astounded that ANZ would not loan us more given our excellent credit history and financial circumstances. They would not consider my income at all. The house we have put a contract on is being purchased below the bank valued amount.
    What do you think our possibilities would be of obtaining a loan for 500K – 550K ?

  • Hi Andrea,
    Thanks for posting. Canadian Dollars isn’t on the list of currencies accepted by many of our lenders who accept people with a foreign income. Also lenders like ANZ tend to be very conservative when assessing loans for Aus citizens overseas or PR holders overseas.

    The good news is that it’s very likely we can get you approved with another Australian bank if you are borrowing no more than 70% of the property value. If you’d like our help then please complete this form

  • Ahmad Saeed

    I am on PR, my family is living in perth, but i am doing a job in middle east. I am paying tax on my income plus i have a rotation job where i spend 1 month on job in saudi arabia and 1 month on vacation in australia. I am looking to get a home loan of upto 200k. Am i eligible to get? My salary is in saudi riyals

  • Hi Ahmad,
    Saudi Riyals isn’t a currency that many of our lenders accept but it is possible for you to get approved if you are borrowing a maximum of 80% of the property value.

  • Fields

    I have a PR and I work for a Malaysian company and earn AUD $100k converted from Ringgit. Will the exchange rate affect my home loan application?

  • Yes, it can affect your home loan application. A significant change in the exchange rate can affect the Loan to Value Ratio of your home loan and the bank can ask you to either provide an additional real estate in Australia as security for the loan or to make a lump sum payment off of the loan. In many cases, people would not have the extra money available so they would need to sell their property or refinance their mortgage. We recommend that you seek independent financial advice before using Australian real estate as security for a mortgage in a foreign currency. Alternatively, a less risky approach is to borrow in Australian dollars instead. This will also allow you to borrow more against the value of your property.

  • disqus_naGwyQBdQZ

    Hi, as a PR in Australia and if I am looking to buy a property of $350K, how much cash do I need to prepare for stamp duty, deposit and considering loan only approves up to 95%?
    Thank you.

  • Hi there,
    As a general rule, if you’re a first home buyer, you’ll need to contribute around 5% to 10% of the purchase price as a deposit. The actual amount varies depending on the various first home owners grants and stamp duty concessions available in each state. If not, you’ll usually need a 10% deposit, half of which will cover the deposit on the property and the other half will cover stamp duty, conveyancing fees and other minor costs. These figures are a rough guide only though so please call our office and speak with one of our mortgage brokers for exact figures.

  • Mehdi

    Hi I’m on bridging visa WE050 living in Australia for five years I’m doing a job in Perth .I am paying tax on my income so am I eligible to get home loan?

  • Hi Mehdi,
    Applying for a home loan while on a Bridging visa is possible, although it is more complicated. As a general rule, people on a Bridging Visa A (BVA) or Bridging Visa B (BVB) can be accepted for a loan for up to 80% of the value of the property that they are buying. However, other bridging visa holders such as C, D & E are assessed on a case by case basis. You can check out the bridging visa mortgage page for more info:

  • Tariq

    Hi, I am Pakistani National having Australia PR and currently working in Saudi Arabia. I am planning on to buy a house in Perth. What are possibilities for me getting a home loan? I can manage up to 20% finance. Will job in Saudi Arabia will help, moreover I have property in Pakistan, will this help as well? Thanks.

  • Hi Tariq,

    You may be able to get a home loan if you’re able to meet lender requirements. However, you may be limited to borrowing only up to 80% of the property value because the Saudi Arabian Riyal (SAR) is not a common currency that Aussie lenders deal with. So it’s great that you can manage the 20% deposit yourself.

    Regarding the property you own in Pakistan, yes, it can help you. It will add on to your financial position. If it’s mortgaged though, it will lower your serviceability (ability to repay the loan). You can also use equity from it via cash out and help with the deposit. Please feel free to call our overseas number +61 2 9194 1700 if you’d like to discuss this with an expert overseas mortgage specialist. Or you can even simply enquire online and we’ll contact you instead:

  • Putman

    Hello, I’m a New Zealand citizen and my partner is a UK citizen. We’re thinking of buying a house together in Gracemere and want to know if the stamp duty surcharge will be applicable to us even if we’re buying together.

  • Hey Putman

    You won’t be charged the additional land transfer duty because you’re an Australian PR holder and your wife is exempt because she is legally married to you. The trick is to buy the property in your name while the mortgage itself can be in both of your names.

  • disqus_naGwyQBdQZ

    If I am a visa 190 holder, who is working and will be residing in NSW. If we plan to purchase a house to live in as we are residing in NSW and starting a new life there, will we be required to pay the foreign buyer stamp duty surcharge? Or if the surcharge only applies to foreigners buying house for investment purposes and not living in purposes?

  • Hi
    Skilled Nominated visa (subclass 190) is acceptable for several of our lenders. You won’t need to pay the foreigner stamp duty irrespective of what you buy. You’ll be eligible for the first home owners grant if you buy a new property (not an existing one).
    We specialise in lending to PR holders. So please save our details for when you’re ready to buy and we’ll help you to get the cheapest possible loan. Just call us on 1300 889 743 when you’re ready.

  • sara c

    I’m in Dubai and I earn in Dirham. I have an Australian PR so I should be treated like a resident even if I’m overseas, shouldn’t I? I applied for a 85% loan with CBA but they said they will only go 70%. I can prove my income (full time PAYG) and I’m buying a normal house in Morwell. Why is this a problem?

  • Hi sara
    CBA reduced your borrowing power because the UAE Dirham is not an acceptable currency for them. The Dirham is also not acceptable by most other lenders though we may be able to help you borrow up to 80% with another lender. Please enquire online if you’re interested in discussing this with an expert mortgage broker. Here’s our online assessment form:

  • pearl multani

    Hello I am Indian citizen having Australia PR and currently working in USA. I am planning on to buy a house in melbourne.What are possibilities for me getting a home loan? Thanks

  • Hi Pearl,
    Yes we can help with this. I’m assuming you have a valid work permit for the USA and your income is in US$. It’s likely that you can borrow 80% of the property value. If you’d like our help then please contact us here or you can call us on +61 2 9194 1700 and ask for a Permanent Resident Home Loan expert.

  • Vanessa

    I am on brigding visa A subclass 835, can I buy a house ? Do I need Australian government approval required ? How much can I borrow? Thank you for your time.

  • Hi Vanessa,
    Yes you can buy a house and borrow up to 80% of the property value. This is a case by case basis for bridging visas.
    Yes you would need FIRB approval while on a bridging visa but not once you have PR
    If you are buying in NSW, VIC or QLD then best to wait until you are PR as this will avoid extra taxes

  • Vanessa

    Thank you very much for your reply.

  • Net Thread

    I hold 190 PR visa. I arrived in Australia on 28-Apr. I am working in Sydney.

    I want to buy a house just big enough for one person.

    How much will it cost approx. if I want to buy it in Sydney?

    To ensure that I get FHOG and other benefits, what all factors I should keep in mind (e.g. You have mentioned on the above page that one of the criterions is that the PR holder must have been living in the country for at least 200 days at the time of exchanging contracts which means I should not be signing the contract before 14-Nov because that’s when I will complete 200 days.) ?.

    How does home loan works?

    How much period do I get to repay the the loan?

    How the repayment schedule / EMIs are calculated?

    Please advise. Thanks in advance.

  • Hi NT,
    You can use a website like to work out how much you’d like to spend on a property, it’s very individual and could range from $400,000 to $1,500,000 for a one bedroom unit or house. Alternatively we can work out your borrowing power and then you can decide what to buy after that.
    For the 200 days rule you should talk to a conveyancer as we’ve seen some exceptions made in other states.
    Our home loans are for 30 years in Australia but you can pay them off earlier if you like.
    The repayments are calculated on a principal and interest basis over 30 years.
    To answer your questions properly we’d really need to know more about your situation. I’d recommend that you call us on 1300 889 743 and make an appointment to come to our office in Rhodes (Sydney). One of our PR home loan specialists can then go through everything in more detail.

  • Net Thread

    Thank you very much for your prompt response.

  • No problem good luck with your new home. And welcome to Australia :)

  • Liz

    Hi, I am an Australian Permanent Resident living in Australia for the past 3 years. I have recently returned to Singapore and is currently earning a Singapore based income of approx. SGD 70K after tax. I have savings of AUD 90K in Australia and another SGD120K in Singapore.

    I am looking at purchasing my first property (about AUD 700-900K) as I might be returning to live in Australia in the future. If I happen to decide not to return to Australia, I could use the property as an investment.

    What are my chances of getting a home loan and how much will I be able to borrow and at what rate – if I am eligible for one. What other hurdles should I expect? Will the foreign stamp duty apply?

    Many thanks!

  • Hi Liz,
    We have lenders that will accept a Singapore Citizen with Australian PR who is living in Singapore and earning SGD. However the way that banks calculate your income will be conservative. In your case it is likely they’ll use Australian tax rates on your gross income and will be conservative when converting your income to AUD. As a result your borrowing power may be reduced. There are times we can use foreign tax rates but I think it’s likely for your situation this will not be possible.
    We’d have to do the math to be sure but at a glance I’d say $700k may be too much. Can you consider dropping your maximum purchase price?
    I don’t think you’ll have too many hurdles. We’ve helped a lot of Aus PR holder living in Asia, especially Singapore and HK. Just allow a couple of extra weeks for the purchase to settle because the loan offer has to be mailed overseas and you may need to go to the Australian consulate to be identified.
    The foreign stamp duty rules are complex and slightly different for each state
    I’d recommend that you call the Office of State Revenue for the state that you’re buying in just to be sure. But likely you can avoid this tax (worst case you need to fly to Australia for settlement).

  • Ruby Fiji

    Hi, i am an Indian citizen holding an Australian PR, I have a property in Melbourne. I am living and working in Dubai. I am looking at buying another house in Melbourne but ANZ has turned down my application saying the new policy does not allow me to get a home loan. Could you tell me how I can get a loan to purchase another house considering my income is not from Australia. Thanks.

  • Ruby

    Hi, I am an Indian citizen having an Australian PR. I live and work in Dubai. I have a house in Australia. I had applied to ANZ for a home loan to buy a second home but it was declined saying that the new policy does not allow me to get a loan. I am not aware of the new policy which would affect me from not getting the loan. please tell me how to go about this.

  • Hi Ruby,
    ANZ doesn’t accept PR holders living overseas. We have other lenders that can consider your application. Please contact us and our non-resident brokers will assist you further.

  • Himanshu Arora

    Hi, I was living in Australia on 457 work visa, recently I have been granted with permanent residency of Australia.
    I am planning to buy house in sydney, Do I need to wait for 200 days for avoiding foreign stamp duty charges? Or my work visa tenure of 2 years would waived off the 200 days?

  • Hi Himanshu
    I’d recommend that you contact the NSW OSR to confirm as it’s a big amount of tax. My understanding is that you wouldn’t need to pay this fee if you purchased now. I’ll get one of our PR specialist mortgage brokers to contact you via email as well to answer any more of your questions.
    Congratulations of your PR and good luck with buying a new home.

  • Shangu Dong

    HI, I just got the permanent visa on 4th September 2017, I want to buy an apartment in few weeks, need I pay the stamp duty surcharge? Before I got the pr, I already live in Australia over 200 days.

  • Hi Shangu
    It’s best to check with the government first. You can call the Office of Sate Revenue in your state and they can confirm.
    If you need assistance with a home loan then please contact us

  • Nabilah Mahmood Albukhari

    I took a loan to purchase a property jointly with a family member as a foreigner. After 1 year, I was granted a pr. Can I apply for a first home grant to offset my loan? I’ve never stayed there for more than 6 months, but my family member had stayed there for over 1.5 year.

  • Hi Nabilah
    I don’t think you would be eligible for the FHOG. However you can call the state government hotline for your state and they can clarify this for you.

  • Amelia

    I’m a NZ citizen living in Auckland. I am planning to buy a property in Australia. But I recently heard that NZ citizens have to pay higher interest rates, is it true?

  • Hi Amelia,
    Few lenders charge a higher interest rate in your home loan if you are not an Australian citizen. But this is true only if you are living in NZ or another country outside of Australia. However, in most cases, we can get you the same interest rates as an Australian citizen, even if you are borrowing 95% of the property value! You could get more info on NZ citizens mortgage here
    Please call us on +61 2 9194 1700 from overseas, on 1300 889 743 from within Australia or complete our free assessment form to speak with our one of the foreign resident specialists.

  • Lendy

    I’m on SHEV visa (subclass 790). I’m planning to buy a property so do I need to get a FIRB approval to purchase this?

  • Hi Lendy,
    All temporary residents are required to get an approval from the Foreign Investment Review Board (FIRB) but it’s not required once you receive your permanent residency. Since you’re on Safe Haven Enterprise Visa, you need to obtain an approval from the board.

    Please note that these SHEV visa aren’t the ones we see often, however, you don’t require FIRB approval if you’re buying the property with an Australian citizen as joint tenants and you’re in a spousal relationship. However, it isn’t applicable to other relationships like business partners, mother/father, and child, siblings, friends or relatives. You can get more info about FIRB approval on this page

  • Cristina Han

    Hi, I am permanent resident with 189 visa. Currently temping through an agency. I had enough money for deposit. But I’m afraid my working condition won’t be accepted for mortgage. Is there a way I could apply for mortgage.?
    Also, my parent living overseas. But they will support me repay the mortgage. Can their income could count as proof of income as well?
    Thank you.

  • Hi Cristina,
    It’s likely that we can accept your income, we’ve helped a lot of people with similar employment
    It’s unlikely that your parents income can be accepted. We have lenders that can do this but it would be more expensive and so it’s best to work with your income instead.
    The key would be making sure to present your situation with a strong argument and to apply with the right lender. The more information you can give us the easier it is for us to help. E.g. if you have a university degree or a long history of work in the same industry then this shows stability to the lenders. Also if your parents have cash they can give to you to reduce your loan size or so that you have a large buffer in case of a period of unemployment then this also helps.

  • Sankalp Jain

    Dear Home Loan experts,
    We are living in Japan from past 12 years and are a Permanent Resident here. We recently received 190 SN Visa as well, but we are still living in Japan. Can I buy a home in NSW by sitting here in Japan. I could travel to NSW if required. Ideally I would like to buy a house so that I can shift my family to Australia and I will continue to work in Japan for a while.Can I use my japan based income to fund the property in Australia ?

  • Hi Sankalp,
    As a 190 visa holder (PR) living in Japan you can buy a home in Australia and likely borrow 80% of the property value. If you intend for this to be a home for your family then some lenders will allow this to be a home loan which has lower rates whereas others would only approve your loan if it’s an investment as they assume you would be moving in with your family eventually.
    If you are going to be living apart from your family then we need to factor in your rental expense in Japan and so your income must be very strong to be able to afford the loan. If your documents such as payslips and bank statements are in Japanese then we may need them translated depending on if we apply with a lender that has Japanese speaking credit managers or not.
    Overall yes it’s likely we can assist as long as you have a strong income and large deposit.

  • Sankalp Jain

    Dear Home Loan experts,

    thank you for your reply. Could I have your email Id so that we can discuss further.


  • No problem I’ve emailed you and cc’d one of our specialists in lending to residents of Japan.

  • Sye

    Hi Home Loan Experts,
    I’ve been living in south Australia for over 10 years and I am a permanent resident. Just wondering whether I would be approved to get a loan and or get first home owner granted?


  • Hi Sye
    If you’re a PR then yes you are eligible. There are other criteria for South Australia which you can find here
    New properties in South Australia have reduced stamp duty until the end of this month. While this may appear attractive, often the prices are increased to accommodate this so it’s best to use caution.

  • Ash

    Hi..I have recently applied for subclass 187 visa (Regional Sponsored Migration Scheme – Permanent Resident Visa)…Currently, average processing time for this visa is 21-24 months..I would like to know the process to buy a property in South Australia (Adelaide).. How much stamp duty do I have to pay on any purchase? Can you please explain with an example ?
    Thank you..

  • Kathleen Tamburrini

    My husband, daughter and I have just moved to WA from the UK. We have permanent residence visas and both myself and my husband have now got permanent employment. We have not had a credit card or anything g here in Australia though ~ all we have is a bank account. Will this mean that we won’t get a mortgage since we don’t have a credit file? Do we need yo build up a credit history here first?

  • Hi Kathleen,
    Not having a credit file doesn’t necessarily mean that your mortgage application will be turned down but your choice of lenders will be limited. So, you have to make sure you apply with the right lender who understands this. You can learn more about no credit history home loans here:
    Alternatively, you can speak with an experienced mortgage broker calling us on 1300 889 743 or filling our online enquiry form

  • Hi Ash,
    Apologies for the delayed response.
    Without a PR, you’ll be treated as a foreign investor unless you’re buying with an Australian citizen or a permanent resident. So, you’ll have to pay another 7% additional foreigner surcharge on top of normal stamp duty. For example, if you’re buying a property of $500k in South Australia, then you’ll have to pay $60,485.50 unlike a normal stamp duty of $25,485.50. You can try some figures by yourself using our calculator here:
    So, either you have to wait unless you receive your PR, save some money and apply later, or buy a property now and pay more stamp duty.

  • Jane Harris

    We have just recently moved from the UK as my husband has a transfer with his company.
    I am Australian and he has permanent residency, I am wondering if it is possible to get a 40% mortgage and if not how long would we have to wait, to show his wage status, etc..
    We are wanting to borrow 4 times his wage, but have a substantial deposit.
    Obviously I know there are a lot more things they consider, but just enquiring the possibilities.

  • Hi Jane,
    If you want to borrow just 40%, then there won’t be much restrictions as with a normal loan of more than 80%. Usually, even lenders want your husband to complete at least 3 months or probation (if there’s any). You can call us on 1300 889 743 or enquire online and speak with a mortgage broker to know more about this.