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Non Resident loanekron [4 Posts] I am an Australian resident that owns investment properties in Australia. I am currently a non-resident for tax reasons as I am currently working under residency in the Middle East. I want to buy another property in Australia. Will banks recognise my employment contract. Am I able to purchase property as a non-resident. I am planning on coming back to Australia next year. However I plan to take a few months off there for getting a loan with no job when I get back will be near on impossible. Tricky situation would appreciate any in-site. Terryw [6491 Posts]  Yes many banks, most probably, can lend to Aussie's working overseas. I have found St George to be one of the best for this, and think they can lend up to 95% from memory - maybe even 100% if you own other property. Terryw   Qlds007 [4220 Posts]  Yes both SGB and ANZ will go to 95% for expats and the full range of product suite is available. Cheers Yours in Finance BMW330Ci [37 Posts] sorry to hijack the thread - but quick question: Is there ANY lender outhere irrespective of the % rate, that will lend more than 80% for a non-permanent resident working in Australia. They will be eligble October this year to apply for permenant residency, but in meant time they are on working-visa. Anyone? Qlds007 [4220 Posts] Not that i am aware of off the top of my head. Cheers Yours in Finance Stuart Wemyss [611 Posts]  I agree with Richard - no lenders or mortgage insurers for LVR > 80% to non-perm resident. Cheers Stuart ++++++++++++++++++++++++++++++++++++++ Joseph12 [25 Posts] I think non-resident loans can only be full doc. Please correct me if i am wrong. Qlds007 [4220 Posts] No there are a couple of lenders that offer lodoc / nodoc non resident loans. Cheers Yours in Finance |
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In The NewsAuctions - lonely affairs? The global crisis is creeping into the property market with auctions becoming lonely affairs and Melbourne clearance rates falling. No Housing Revival Just Yet! Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market. RBA Slashes Rate RBA announces the biggest rate drop in 13 years - down 1%! Today's TipOnly 1 in 200 property investors owns more than 5 properties <more> Active forum topicsFirst Home Savers Account Author: prad_n Job Hunt in Property Development Industry Author: Takashi Who's OnlineTake The Test
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