The Aston For Sale in Australia

Australian Mortgages:

Some international investors are able to use their local lenders and these lenders will use the Australian property as the security. However, many investors require a loan from an Australian lender. Australia has many banks and non-bank lenders and many will lend to international investors.

Lenders will generally take rental income (or projected rental income for new projects) in to account, however, most will require evidence of other income the purchaser has.

Most lenders will lend to a maximum of 80% of the value of the property. Generally lenders prefer property that is above 50sqm internally and is below will generally still provide funds, but often not up to 80%. Some lenders will lend 60% of the evaluation without any proof of other income.

Loan products and rates are generally the same as those available for local investors. Loans are generally available for up to 30 years and are available on a principle and interest or interest only basis