buying a house

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Old Sep 25th 2004, 2:31 pm
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Question buying a house

i've read many posts on buying a house in oz and i think i read somewhere that you cant get a mortgage until you have pr. as i have been granted a 2 year tempory visa (spouse) does this mean i would have to rent somewhere for around 4 years before i could get a mortgage, or have i got it all wrong?
thanks in advance, boon
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Old Sep 27th 2004, 11:42 am
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Default Re: buying a house

Hi there

You dont have to have a permenant residency visa to buy a house (in Queensland anyway) you can do it with a temp visa. We have just bought a house after being on the Gold Coast for 4 months and are on a 4 yr temp visa. Like the UK you gotta have a reasonable deposit and a job for the income etc. You will probably be ok providing you are not borrowing too much for your wages.

Hope that helps
Gazza

Originally Posted by bmxboon
i've read many posts on buying a house in oz and i think i read somewhere that you cant get a mortgage until you have pr. as i have been granted a 2 year tempory visa (spouse) does this mean i would have to rent somewhere for around 4 years before i could get a mortgage, or have i got it all wrong?
thanks in advance, boon
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