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What is the mortgage common rules on buying IP Overseasblaze [41 Posts] Just hypothetically I have an asset of 200K either on a property or cash on a bank account. Then instead of purchasing an IP for 500K - LVR 80% here. (Repayment say no problem even on full doc) I like to buy one in overseas. Same value and LVR. Would that be doable? Otherwise what is the common requirements in buying IP overseas? Thanks, blaze Terryw [6660 Posts]  You would need to approach banks in the country in which the property is located. Aussie banks here cannot help. Most would require you to be working in the country too. Terryw   |
User loginLatest Video UpdateIn The NewsRBA Rate Drops Rate The RBA has just announced a 100 basis point drop to its benchmark cash target rate. Developers Expectant The Federal Government's $1.5 billion first-home package has stimulated the development market. RBA Rate Cut RBA delivers investors an early xmas present by cutting its benchmark by 75 basis points to 5.25% Today's TipWhen buying ask - "How many of these properties do I need to buy to never work again?" <more> Active forum topicsAnyone heard of Holroyd? Author: superufo Interest rate discounts Author: frini Who's OnlineTake The Test
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