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Mortgages in Australia

Mortgages in Australia

International Buyers Guide for property in Australia

AUSTRALIA No.1 Investment Country: ''The Wonder Down Under''

Australia has emerged as the number one investment destination for ASIA.

The stable market conditions compared to the global position and the high demand for rental accommodation has led to a rapid increase in property investment. Australia can rightly claim the title of 'The Wonder Down Under'. In most developed economies home prices are going backwards, whereas prices are rising in Australia. The solid growth of Australia's population is a key reason why Australian home prices are rising, not falling.

Investors are seeking more stable markets where return on investment is more certain than the emerging markets that have been favoured in recent years.

With very high demand for rental,those of you seeking finance can loan up to 80% of the property value and look forward to strong future capital growth.

Apartments have seen the greatest rise in fortunes recently, as more single and younger buyers seek quality apartments  with good commuter links to the major cities.

Outline of main mortgage conditions:

Currency Australian Dollars. World's major currencies: US Dollars, Sterling Pound, Swiss Franc, Euro, Yen, Canadian Dollar, New Zealand Dollar, Hong Kong Dollar and Singapore Dollar also available but conditions apply.

Mortgage type

Capital Repayment and Interest Only

Maximum Loan Amount Up to 70%* Loan to Value
Minimum Purchase Price Not Applicable
Minimum Loan Amount AUD 220,000
Minimum Interest Rate From 2.09%
Valuation Arranged by lender
Term Up to 25 Years or up to 70 years of age, whichever is earlier
Payment Method Monthly or Quarterly depending on lender
Insurance For client's account
Security First legal charge of mortgage over the property
Purpose of Loan Residential property. Purchase off-plan, re-sale, re-mortgage and equity release
Lending Area Australia
Credit Assessment Clean credit report from credit office
Applicants Non residents
Status of Property Investment Property. Buy to Let, Residential
Type of Rate Fixed, Variable

*subject to valuation or purchase price, whichever in the lesser.

 

 

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