Getting a Mortgage when in OZ
 

Hi,
Can anyone help me???:confused:
Hopefully going to move to Melbourne next year & would like any advice as to whether we can get a mortgage straight away. I'm a chippy & hopefully will be on about $30 per hr (approx 60K per year).
Also how much, roughly, does a container cost from the uk & is it really worth taking everything or just buy new when we are there.
We have 4 kids, 3 of which are boys, so football is a big thing to them, are there many kids teams in Melbourne?
Just 1 more question if anyone can help. i have alot of 110v tools, is it worth taking them or buy new?
Thanks
Pinny:thumbup:

Re: Getting a Mortgage when in OZ
 

I'll answer the mortgage part...

It depends on...

The price of the property versus the deposit you will have
Permanent or temporary visa (depending on deposit)
Is the job permanent (F/T )
Is there a probation period

If the answer to these are positive then yes, no problem.

Cheers,
Mark.

Re: Getting a Mortgage when in OZ
 

I must remember to check who is logged in before I post :D

Mark.

Re: Getting a Mortgage when in OZ
 

You'll ideally need 3 months of payslips and a end of year tax notice for a decent mortgage. Talk to a broker when you get here - I reccomend Mortgage Choice and they could get you a self cert. Note you'll also need 20% deposit for a decent rate or you'll have to pay mortgage insurance.

I bought a house within 4 months of arriving with a mortgage - no worries as i had a large deposit and got the first home owner grants!

Re: Getting a Mortgage when in OZ
 

Thanks for that Mark

Answered yes to Full time job & have large deposit to put down. Also permanent Visa. What does a "probation period" mean.

Cheers Stuart

Re: Getting a Mortgage when in OZ
 

Hi
Thanks for that, could you tell me any more about the first home owner grants.

Cheers Stuart

Re: Getting a Mortgage when in OZ
 

Thanks for the replies about the mortgage, can anyone help with the other questions?
Cheers Stuart

Re: Getting a Mortgage when in OZ
 

sell the 110v tools, its all 240v on Aus sites!!!!!!!!

Re: Getting a Mortgage when in OZ
 

Should be no problem.

Quite often you are given say 3 months to prove you are not a complete clown and can do the job ;) After which you are given a permanent position

Re: Getting a Mortgage when in OZ
 

First home buyers in Oz get a $7,000 grant from the government. You WILL be entitled to this also.

Re: Getting a Mortgage when in OZ
 

First home owners also get help from the States. For example in WA there is no stamp duty up to 500,000 for first home owners. Other state all have different rules and levels.