R2D2 replied to the topic Will local banks finance Chinese investors? in the forum Finance 8 years ago
Hi, this is from AFR.com.au on this topic. Looks like ANZ is changing its policy. Anyone thinks this will have a notable effect?
ANZ Banking Group cracks down on dubious offshore mortgage funding from Asia
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R2D2 replied to the topic Will local banks finance Chinese investors? in the forum Finance 8 years, 1 month ago
Ok thanks. How do they verify income and ability to service the mortgage ? Also what are the LVR requirements ? Any idea what portion of overseas buyers are financed locally. I must admit I was under the impression overseas investors were paying cash given their willingness to outbid locals.
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R2D2 started the topic Will local banks finance Chinese investors? in the forum Finance 8 years, 1 month ago
Does any one know if local banks will finance overseas investors to purchase Australian properties? if so which banks will provide loans for overseas investors and do rates and deposit requirements vary compared to local investors. thanks
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R2D2 became a registered member 8 years, 1 month ago
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