james007 Posted November 25, 2013 Share Posted November 25, 2013 Hi members Heres my case. I move to Brisbane from the UK on my own in Jan on a perm visa. My friend is kindly putting me up rent free until I source a job. Once I pass my probation period I will look at renting my own place. Most immigrants I guess sell their house in the UK and buy a new house outright or have a large amount of money to put down on a house. I am guessing I will need at least 5 % of house cost as as a deposit and I was hoping to have a first time buyers grant (15k AUD at present) However, with no existing credit reference in oz and not being in a secure job for a while I know I will have to wait a year or two. Can anyone offer any advise as to what I need to do to help secure a good mortgage in the near future I was thinking: * Rental of an house of up to 2 years. * Mobile contract to improve credit reference. * Hopefully drop on to a secure job. Any other advise would be highly appreciated. Thanks James Link to comment Share on other sites More sharing options...
scuffythetugboat Posted November 25, 2013 Share Posted November 25, 2013 Slow down, slow down. You seem to be looking too far ahead. Get out here and get a feel of the place first. Everything else will come in time. As for most immigrants coming to the country with bags of money, it's not the case with all of the recent arrivals I know. Link to comment Share on other sites More sharing options...
Keith and Linda Posted November 25, 2013 Share Posted November 25, 2013 Your credit ratings will come naturally over your stated two year rental period, utility bills, phone, rental, bank credit cards and the like, if you want to speed it up then get some store cards and spend a little on them and put and keep say $10 credit on them. You will need more than 5% deposit too. You will need to suss it all out when you get here. Link to comment Share on other sites More sharing options...
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