APRA Tells The Banks What To Do

personOtto Dargan access_timeJune 5, 2014

Did you know that the Australian government monitors and reviews the lending criteria of the banks? The Australian Prudential Regulation Authority (APRA) released for consultation ‘APG 223 – Residential Mortgage Lending’, a draft prudential practice guide intended to...

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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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Significant Investor Mortgages

personOtto Dargan access_timeMay 26, 2014

Are you a high net worth (HNW) foreign investor seeking to invest in Australia? Since the Australian government introduced its Significant Investor Visa (SIV) scheme in November 2012, it has never been a better time for foreigners to invest in a vibrant and diverse economy. Best...

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Why Do Foreigners Like Australian Mortgages?

personOtto Dargan access_timeApril 22, 2014

Do you qualify? If you’ve just arrived in Australia or have been living here for a number of years on a working visa you may be wondering if you are eligible for a home loan. In the infographic above, we’ve laid out the facts and dispelled the myths about Australian...

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Foreign Investment Tips From Experts

personOtto Dargan access_timeAugust 12, 2013

A stable economy and rising property prices make Australia one of the better countries to invest in, but what if you have never invested here before? How exactly does an international property investor get started in the land down under? If you have been asking yourself that...

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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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The LAFHA Changes Affect Non-Residents

personOtto Dargan access_timeFebruary 9, 2012

Temporary visa holders on the Living Away From Home Allowance (LAFHA) will now have a reduced income due to changes in the LAFHA policy. This may affect your borrowing capacity. Read on to find out how. What is the LAFHA? LAFHA is an allowance that is designed to be paid to an...

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