Barrywelsh Posted May 13, 2019 Share Posted May 13, 2019 We are moving out to Australia this year and initially we will rent. I wondered what the process would be in terms of getting a mortgage on a 489 visa? We have three properties in the Uk and if we sold one we would have a decent amount for a deposit. Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted May 13, 2019 Share Posted May 13, 2019 Hello Barry Mortgage rules are a changing constantly over here so may be better to explore this as and when you are near to actually looking. That said I understand the 489 to be a temp visa and in this case it may be better to wait until you get permanent residency due to the additional costs that (generally) temp residents need to pay to purchase (ie additional 7% stamp duty in SAQ over and above the usual 5%). Regards Andy Quote Link to comment Share on other sites More sharing options...
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