Australians living and working overseas have access to the same finance options as those living within the country. From variable rate loans to fixed rate and even combination/split loans, Australian expats today have a myriad home loan options to choose from. Finding a quality finance product from a secure lender in the current market place is an important first step. Get your Loan Market mortgage broker to help you sort through the field and find a personalised mortgage management structure that is right for your unique situation.

How much can I borrow

Your borrowing capabilities will vary between lenders and you will often find that an experienced mortgage broker can negotiate a better finance deal on your behalf. To get a more precise assessment of how much you can borrow from Australian financial institutions submit the brief form below and we will contact you at a time that is convenient for you or call us on +61 2 9249 3739.

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Loan Value Ratios (LVR)

While the amount that you are able to borrow will vary between lenders, there are some general rules regarding the percentage of the property value that you would be allowed to borrow. As an Australian expat, you can expect on average to:

• Borrow up to 100%, maximum property value is $750,000
• Borrow up to 95%, maximum property value is $1,500,000
• Borrow up to 80%, no limit on the property value

Home loan purposes

Australian banks will generally lend to expats for the following purposes:

• To purchase an owner-occupied property or an investment property in Australia
• To refinance an existing loan in Australia or overseas
• To take equity out of an Australian property to use the funds overseas

Home loan features

Home loan features can help save you money, shorten the life of your loan and have the added benefit of adding convenience to your everyday banking. Some of the home loan features that are specifically designed to assist Australian expats are:

• Transaction offset account with ATM card for all your banking needs in Australia
• Telephone and internet banking
• Optional credit card
• Redraw, unlimited extra repayments and flexibility of early repayment
• Flexible loan terms of 1-30 years