Pallen

Hi Harrygoyal

Mortgages here have tightened considerably in the last few weeks If you are borrowing any money at all you have to be in a position to service the debt. I.e the bank will want to see some way that you are going to reasonably repay the debt over a period of time, this will have to be over some income stream that you currently have.

Various banks will have different lending criteria and some will lend to those that have just started work whilst others will need you in your job for a period of time and out of probation. As in the UK, there is the added cost of LMI (Loan mortgage Insurance) if you are borrowing generally more than 80%. Again, this doesnt insure you and is a premium you just have to pay.

Im not in Perth and there are different rules down here in Melbourne, Victoria, but, I would be able to give you some contacts up there if required? (I am a mortgage broker in Melbourne)

Hi Bridgie

You have a few options to look at prices and availability really. You could look at the main sites and just select the rental option for domain.com.au or realestate.com.au It is possible that you could fin some short term rentals. Failing that I would also look at gumtree.com.au whereby you will find a lot more owner owned properties that are probably on for less time.. the problem with the latter option is that they will not appear until closer the time and you might want to have been sorted out by then.

Look now to see what availability is like for where you want

Hope this helps

This is a question off the wall as I notice that you have mentioned rental rates. Are you considering buying at all as that would in some cases make more economic sense given the low interest rates available? It would also allow you to build capital growth in your asset which you could release in later years given the current state of growth in Melbourne and its suburbs

Hi Mark

I think first of all it is all relative; where you come from will sort of highlight the differences living here in Australia to that; you mention crime, but, to be honest in comparison to the UK... its like chalk and cheese. I have only been here 3 years this month and originally hail from Burnley in the north and this is like paradise in some comparisons; generally you look at the standard of living out here and think its a lot easier, but, you will pay for it dependent upon your circumstances.

I see that you are talking about a family so the big costs that I see, alcohol wont bother you too much possibly although housing is quite expensive.

When you look at areas.. yes I agree that Bayside has benefits, especially if you have a family.. Parkdale is on the direct Frankston line to the CBD and will take about 45 mins although the frequency is good... normally around every 10 mins; that's where I currently reside although I have experienced Melton, Fitzroy, Carlton and Ashwood too.Y

You could also look at the other side of the city; at Williamstown and Point Cook but the infrastructure over there is less developed; there are a hell of a lot of opportunities... may I ask what you do?

I notice that you are planning to rent when you come over, I think that is a good idea as then you will at least be able to sample some areas that you consider buying in before you actually do. Interest rates here for mortgages are substantially higher than the UK presently, but, are falling; one of the best I have able to source recently is 3.99% fixed for 3 years

I hope this is of some use, but , should I be able to assist more then please do not hesitate to contact me on here or directly

Best regards

Antony

Hi Ben

How are you? There are definitely football teams playing down here as I knew a couple of lads playing 11 a side 2 years ago.... I could ask around if you wanted me to or shoot me a message on 0468 42 1972. (Im living in Parkdale at the moment)

Regards

Antony

Hi

Did you manage to resolve your issues?

Someone has suggested NAB but the big banks aren't always the best options when there is not a great fit with criteria, they also don't offer the best rates generally because they secure more business with their foothold in the market. there were several great options out there including Heritage and Choice lend (the latter Im pretty sure you would have to go through a broker.. you could be looking at less that 4.5%, but, without knowing your circumstance I couldn't give you any definite details.. I also remember that ING had something at 4.19% recently, but, again without knowing your circumstances I couldn't provide definite information

Regards

Hi Ironchef

I was recommended your page by the moderator so Im here to ask a couple of questions, if u can help and just basically pick your brains. I emigrate to Melbourne on the 16th April and want to send my car over in the next couple of weeks really

Not as much asking if its worth bringin my car out or not because as its definitely coming My enquiry is more on the lines of if you had any ideas on agents clearing it at Melbourne if I sent it RoRo from Newcastle or Southampton. Or you knew of good and/or bad agents to send it across with?

Its a BMW M5 2005 (but 2006 spec), 58000 miles, FULL leather interior; inc dash and FULL doors, heated and aircooled seats and many other options (18k worth of options when purchased). Value in the UK now will be around 19k and the redbook value gives between 65-73 AUD. The car is mint... with a couple of stone chips on the roof above the windscreen.. thats it!

Thanks for your help

Antony