Aussiebird Posted December 16, 2017 Share Posted December 16, 2017 Hello to you all, Can anyone please advise on the criteria of buying a property for the first time in Australia (WA) and about getting a mortgage for the first time. Thank you kindly. Xx Link to comment Share on other sites More sharing options...
Sandgroper Posted December 16, 2017 Share Posted December 16, 2017 Unless its changed you need to be able to prove you have a deposit (3 months bank statements) and the means to pay it (secure jobs) pretty easy really. Link to comment Share on other sites More sharing options...
rammygirl Posted December 17, 2017 Share Posted December 17, 2017 If you are not PR then different things apply. Link to comment Share on other sites More sharing options...
rammygirl Posted December 17, 2017 Share Posted December 17, 2017 I don’t know about WA But in SA the government website is very helpful and explains about contracts etc Link to comment Share on other sites More sharing options...
Aussiebird Posted January 2, 2018 Author Share Posted January 2, 2018 On 16/12/2017 at 22:33, Sandgroper said: Unless its changed you need to be able to prove you have a deposit (3 months bank statements) and the means to pay it (secure jobs) pretty easy really. Hi, we would have money from the sale of our UK home which could enable us to be mortgage free in Australia if we found a cheap enough property but would we still need to provide 3 months of statements anyway, I've never bought a house in Oz so totally new to me. Many thanks. Link to comment Share on other sites More sharing options...
Wa7 Posted January 2, 2018 Share Posted January 2, 2018 32 minutes ago, Aussiebird said: Hi, we would have money from the sale of our UK home which could enable us to be mortgage free in Australia if we found a cheap enough property but would we still need to provide 3 months of statements anyway, I've never bought a house in Oz so totally new to me. Many thanks. I wouldn't think so, simply being able to prove you can pay for the property outright should be enough. Link to comment Share on other sites More sharing options...
Aussiebird Posted January 2, 2018 Author Share Posted January 2, 2018 3 hours ago, Wa7 said: I wouldn't think so, simply being able to prove you can pay for the property outright should be enough. Thank you. Link to comment Share on other sites More sharing options...
Sandgroper Posted January 3, 2018 Share Posted January 3, 2018 You may still need to show the statements to prove the money is yours, not sure to be honest. Plenty of mortgage/financial advisers out here who would be able to give correct info. Link to comment Share on other sites More sharing options...
Gbye grey sky Posted January 3, 2018 Share Posted January 3, 2018 2 hours ago, Sandgroper said: You may still need to show the statements to prove the money is yours, not sure to be honest. Plenty of mortgage/financial advisers out here who would be able to give correct info. As I recall they simply took our word that we had funds. They did not ask for any bank statements etc. When you contract to buy you self certify that you have the funds to pay. Presumably if it transpired that you were lying you would simply forfeit your very substantial deposit. Link to comment Share on other sites More sharing options...
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