For Australian real estate loans, these two years have been more troublesome. Before 2065438+April 2006, everyone can easily get 70-80% loans from local banks in Australia. But so far, Australia's four major banks have stopped lending to overseas buyers.
Why do Australian banks refuse to lend one after another?
In fact, this is mainly a problem for overseas buyers. Since 2065438+April 2006, ANZ and Westpac have discovered that hundreds of China people have provided false materials in the process of applying for overseas housing loans. Because Australian banks were very lax in examining the materials provided by China people at that time, the general view in the industry was that making fake materials was more time-saving and more efficient than providing real materials.
Therefore, Australian banks have tightened the channels of overseas income loans, including Australia's four major banks: ANZ Bank, Federal Bank, Westpac Bank and NAB Bank. This situation gradually spread to other non-bank financial institutions in Australia. The measure they took was to constantly raise the loan requirements for overseas people, and finally announced that they would completely reject the loan applications of overseas people.
What are the ways of Australian real estate loans?
Since local banks in Australia can't get loans, is there any other way to get loans besides local banks in Australia? The answer is yes, mainly some non-Australian international banks, including many in China, and some private equity funds are also acceptable.
The difference between bank loans and fund loans
The bank's product cost is low, but the material review is strict, which often requires the loan applicant to have other business relations with the bank.
The requirements of the fund for lenders are relatively loose, but the fees are relatively high, so it is suitable for investors who cannot pass the bank audit for various reasons or who are in bridge loan.
Choosing a loan channel also requires caution. Although there are many platforms that can provide similar mortgage products, there are also advantages and disadvantages, and the loan products are quite different, so we should know more, compare more and choose a reliable platform.
What do Australian real estate loan conditions need to meet?
Of course, if you want to borrow money, it is not unconditional. So what are the conditions for buying a house in Australia? In this regard, different lending institutions and financial products may need different materials, but they basically need the following materials.
1. Lender's assets: this generally includes the original real estate, deposits, cars, real estate, etc.
2. Lender's debt: other loans and liabilities of the lender need to be submitted;
3. Lender's income: You need to know the lender's salary level and other income (if your house is used for investment, this income can also be included);
4. Lender's fees: This part generally does not need a written explanation, because the financial calculator will automatically deduct the fees, so you don't need to provide material proof of the fees; What is the interest rate of Australian real estate loan?
In terms of loans, the interest rate of Australian real estate loans is a matter of concern to everyone, so what is the interest rate of Australian real estate loans? In this respect, each bank may be different, and it may also depend on the personal situation of the lender. Generally, Australian housing loans can be divided into floating interest rates and fixed interest rates, and fixed interest rates are generally higher than floating interest rates.
For the purchase of Australian real estate loans, the above has been introduced in detail. If you have any questions, you can consult directly. We will have a professional Australian real estate consultant to give you one-on-one professional explanation.