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Getting a mortgage in OZ

Getting a mortgage in OZ

Old Jun 30th 2005, 7:34 am
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Default Getting a mortgage in OZ

I will be leaving for Brisbane in a few months. How easy/difficult is it to get a mortgage when your new to OZ? If all goes well I will have a good deposit but i would like to hear the reality of any potential problems. Also experience of financial advisors vs going to the bank direct.
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Old Jun 30th 2005, 8:43 am
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Default Re: Getting a mortgage in OZ

Originally Posted by tweety
I will be leaving for Brisbane in a few months. How easy/difficult is it to get a mortgage when your new to OZ? If all goes well I will have a good deposit but i would like to hear the reality of any potential problems. Also experience of financial advisors vs going to the bank direct.
Hi Tweety,

Not my strong suit as we are renting but this thread may start you off with some useful information.
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Old Jun 30th 2005, 9:11 am
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Default Re: Getting a mortgage in OZ

Originally Posted by tweety
I will be leaving for Brisbane in a few months. How easy/difficult is it to get a mortgage when your new to OZ? If all goes well I will have a good deposit but i would like to hear the reality of any potential problems. Also experience of financial advisors vs going to the bank direct.
I've heard of new migrants getting mortgages with 6 weeks of arriving, with a reasonable deposit.

Going to a mortgage broker may make the job easier for you, as they will know which banks have a lending policy most suitable to your circumstances.

I now know a pretty good one in my area, if you end up over on the Bayside.
 

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