7 Things You Didn’t Know About Australian Mortgages

Are you thinking about moving to Australia to live and work? Why wouldn’t you? You’ll save a fortune on public transport by hitching a ride on a kangaroo to get to work.

Make sure Skippy is a quick hopper though. We all descended from convicts, after all, and would rather rob you blind then show you how to get to the beach.

There are plenty of other myths and misconceptions about Australia (sorry to burst your bubble) and here’s one more: you don’t need to be a citizen to buy a home in a Australia.

Australian Mortgages Facts

The best part is, non-residents may be able to get the same home loan offers and interest rate discounts as Australian citizens.
Here’s some other things you didn’t know about Australian Mortgages:

• Temporary residents can borrow up to 95% of the property value depending on their visa
• 12,025 foreign purchases of real estate are approved each year, according to the Foreign Investment Review Board Annual Report 2012-13.
• It doesn’t cost you a cent to speak to a mortgage broker. It’s one of the reasons why almost half of all new home loans in Australia are originated by a mortgage broker, according to March quarter figures from the Mortgage and Finance Association of Australia.

What are you waiting for? Come and say G’day. Yes, Paul Hogan got this one right. We say ‘G’day’ to everybody!