Non-Residents:
A non-resident is a foreign national whose presence in Australia is subject to a visa limitation. A non-resident does not include an Australian living overseas.
Non-residents can also acquire brand new dwellings for investment purposes.
Foreign Investors:
A foreign/overseas investor is an overseas investor who is buying a residential real estate in Australia for investment purposes. Foreign investors can only acquire brand new dwellings.
Application to purchase residential real estate by non-residents must be approved by the Foreign Investment Review Board (FIRB).
For more information regarding FIRB application process, fees and charges please visit www.firb.gov.au
Loan Options, Products and Features:
- Loan type: Variable or Fixed (home loan package is not available)
- Fixed rate: 1 – 10 years (depending on visa situation and loan purpose)
- Interest Only term: 1 – 5 years
- Minimum loan amount: $20,000
- Maximum loan amount: No limit
- Maximum Loan to Value Ratio (LVR): 70%
- Loan term: up to 30 years
- Extra repayments: YES
- Redraw facility: YES
- 100% Offset facility: YES
- Internet and phone banking: YES
- Bank application fee: $600
- Valuation fee: FREE
- Brokerage fee of $660 (inclusive of GST) applies to loans that are repaid within 2 years and loan amount less than $250,000.
We are never more than a phone call away should you have any queries or concerns or just need to discuss something.