457 Visa Home Loans

Oak Laurel Mortgage Brokers are helping 457 visa holders to get a home loan to buy real estate in Australia.

Oak Laurel website covers the common questions that 457 Visa holders have about getting a home loan in Australia.

Questions answered include:

What is a 457 visa?
What is a 457 visa home loan?
Can a 457 visa holder purchase real estate in Australia? Check out http://www.firb.gov.au/
How much can I borrow?
How much deposit do I need?
Can I get the Government First Home Owners Grant?
How can a mortgage broker help me get a 457 visa home loan?


More information about 457 Visa Home Loans

Other home loan info for new Australians.

Source: http://www.oaklaurel.com.au/

Melbourne Mortgage Broker - Oak Laurel

Oak Laurel Mortgage Brokers are now also based in Melbourne

Mortgage Brokers Oak Laurel are based in Melbourne and Canberra, Australia.

Melbourne Mortgage Broker Oak Laurel's Melbourne Office is based in the Monash city area of Melbourne's eastern suburbs. This area is a hilly area that is particularly popular with Chinese immigrants due to good schools and the convenient location. The demographic in the area now has many more young Chinese and other Asian families The property prices in the Monash City area have increased steadily in the last year and more. This has enabled local residents to refinance to extract some equity and purchase investment properties. Refinancing is particularly popular now with low and stable interest rates driving fierce competition amongst banks and other lenders.

Due to the high demand for property in this area many blocks are being redeveloped either extended or subdivided with townhouses and apartments being built on them. The area is a business hub with a large business precinct. There has also been a number of land releases by the Monash city council that will drive jobs in the area. This has also driven the demand for construction loans in the area.

Though Oak Laurel mortgage brokers are based in Notting Hill they can service all areas of Melbourne including: Glen Waverley, Mount Waverley, Wheelers Hill, Oakleigh, Clayton, Huntingdale to name just a few of the suburbs nearby.

If you need finance give a call or send an email to Oak Laurel.

Contact details

Oak Laurel

Notting Hill VIC 3168

0430 129 662

www.oaklaurel.com.au

info@oaklaure.com.au 

Oak Laurel

Kaleen ACT 2617

0481 368 884

www.oaklaurel.com.au

info@oaklaure.com.au 

Home Loans for new Australians

Home Loans for new Australians

Now some lenders and mortgage brokers are specialising in home loans for non-residents.

In Australia, finance is complex enough for Australian who were born and have lived all of their life in Australia. The growth in use of mortgage brokers for loans, with about half of loans now coming via a mortgage broker, is evidence of that. So for immigrants, temporary visa holders and foreign investors obtaining a home loan or investment loan through an an Australian bank or other lender must be is easier. Combined with their unfamiliarity with the Australian financial institutions and systems non-residents are not eligible for loans at many of the Australian lenders.

This has also led to some mortgage brokers specialising in work visa home loans or other specialist home loans like student visa home loans or loans for foreigners living overseas purchasing Australian property.

Almost every week at least Australian bank and lender assess and update their products and/or policies, sometimes many banks and lenders change their products and or policies. This could be in response to movements in the Reserve Banks of Australia's interest rate changes, other economic indicators, competitor changes or new knowledge about risk and return.

All of these changes make it very difficult for the average person to really assess where the good deals are and take advantage of them. This is one of the main reasons that mortgage brokers are becoming more popular with the general public. Another reason may be that more investors are taking out property investment loans. Investors are more cost conscious and often have more complex loan structures. A good mortgage broker will make sure that your needs are put before the banks. Bank policy is often to minimise the risk to the bank and maximise your risk by default. A good mortgage broker can keep an eye on the lender make sure that your best interests are put first. A classic example of this is cross collateralisation. The bank will always prefer that all of your loans and properties with them are linked so that they can take them all if something goes wrong. Where as you as a property investor probably do not want this as it means that you have less flexibility should you want change your loans in the future or sell a property.  


Resources

Reserve Bank of Australia www.rba.gov.au

Finance information was obtained from www.oaklaurel.com.au

Oak Laurel

Notting Hill VIC 3168

0430 129 662

www.oaklaurel.com.au

info@oaklaure.com.au

Oak Laurel

Kaleen ACT 2617

0481 368 884

www.oaklaurel.com.au

info@oaklaure.com.au 

Homes for new Australian

Population growth and Australian property

With the Australian population growing at one of the highest rates in the developed world the demand for housing has been and remains strong.

Where are all these new Australian people going?

The majority of people coming to Australia are moving to the State capital cities but primarily Melbourne followed by Sydney. Within the capital cities people and not just new people but generally people want to live in the inner city area or middle ring area. This is because in Australia the State capitals (especially Melbourne and Sydney) are the places where the jobs are and within these cities the inner city is where the high paying jobs are and thus living around these areas is convenient and prefered by high income earners. People looking to to invest in Australian real estate either to live in or rent out (as the capital gain is where the money is made from Australian property), they may want to purchase in the inner and middle ring. There are still bargains to be found in some suburbs like Maidstone in the west inner city and Notting Hill in the east middle ring. These areas are also favored by new Australians.

Resources

www.propertyinfo.info

www.realestate.com.au

Canberra Mortgage Brokers - Oak Laurel

Oak laurel are mortgage brokers in Canberra and Melbourne, Australia. We have expertise across the full spectrum of finance types and can assist you with:

·        Home loans, First home buyer loans, Investment property loans, refinancing, temporary visa home loans, work permit home loans & foreigner investment property loans.

·        Property development loans, construction loans, including multiple units on the same title.

·        Commercial property loans, lower interest for commercial property secured against residential property loans.

·        Self Managed Super Fund SMSF residential and commercial property investment loans.

·        Plant and equipment loans

·        Motor vehicle loans

·        Personal loans

We aim to provide you with outstanding customer service. By this we mean promptly assisting you, using our knowledge and going over the calculations to ensure that you are getting a great deal, following up so that your loan application and settlement is processed quickly to reduce your stress from waiting for things to happen, making sure the all of the details are correct and you get what you want, assisting you with loan structuring to meet your objectives. We work hard and smart to maximise your benefit. 

If you would like for us to assist you in arranging a home loan or other loan please phone us on 0481 368 884 or email us on info@oaklaurel.com.au.    

Oak Laurel

Notting Hill VIC 3168

0430 129 662

www.oaklaurel.com.au

info@oaklaure.com.au

Oak Laurel

Kaleen ACT 2617

0481 368 884

www.oaklaurel.com.au

info@oaklaure.com.au 

Mortgage brokers Canberra - Oak Laurel

Oak Laurel are Canberra mortgage brokers that understand the Canberra demographics. We understand the public service and this is especially important now (2014) with the budget cuts that have occurred and the uncertainty into the future. Ask us about options that are tailored to public servants. We also understand the property market in Canberra and how that related to property finance, talk to us about your finances and get a loan pre-approval prior to starting your property search and definitely before signing any contract of sale for a property. With the cool property market in Canberra now (2014) is the time when you can find quality properties on the market without the heavy competition of some of the other markets in Australia now, however, it is not without risks. Let us help you mitigate some of the finance/loan risk.

If you are a first home buyer, upgrading your home, investing in property or just refinancing to get a better deal call Oak Laurel on 0481 368 884 email us on info@oaklaurel.com.au or visit our website www.oaklaurel.com.au for more information.

Oak Laurel

Notting Hill VIC 3168

0430 129 662

www.oaklaurel.com.au

info@oaklaure.com.au

Oak Laurel

Kaleen ACT 2617

0481 368 884

www.oaklaurel.com.au

info@oaklaure.com.au