Guest adelaidebound Posted March 6, 2007 Share Posted March 6, 2007 hya , i have 2 questions if anyone out there can help , how long do we have to rent for in oz before we can buy ???? and secondly when im looking at property in oz on the website im useing the uk exchange rate to find out what the cost is in english which is 2.36 or do idivide it by the oz exchange rate , if so what is it thanks phill and christina:biglaugh: :biglaugh: Link to comment Share on other sites More sharing options...
Guest nj Posted March 6, 2007 Share Posted March 6, 2007 As far as I know, if you have a permanent resident status then you can buy immeadiatly. Link to comment Share on other sites More sharing options...
Guest adelaidebound Posted March 6, 2007 Share Posted March 6, 2007 so if we get in on our skilled workers application does that mean we have permanent residency or is that a seperate application when we have moved to oz ???????? thanks for your reply phill and christina Link to comment Share on other sites More sharing options...
Guest Kt'n'Adz Posted March 6, 2007 Share Posted March 6, 2007 hya , i have 2 questions if anyone out there can help , how long do we have to rent for in oz before we can buy ????and secondly when im looking at property in oz on the website im useing the uk exchange rate to find out what the cost is in english which is 2.36 or do idivide it by the oz exchange rate , if so what is it thanks phill and christina:biglaugh: :biglaugh: In regards to working out the exchange rate I vow by the following website. It is up to date and fast; http://www.xe.com/ucc/ Link to comment Share on other sites More sharing options...
Guest nj Posted March 7, 2007 Share Posted March 7, 2007 so if we get in on our skilled workers application does that mean we have permanent residency or is that a seperate application when we have moved to oz ????????thanks for your reply phill and christina If thats Skilled - Independent (136) then :jiggy: you will get permanent residency status Link to comment Share on other sites More sharing options...
The Broughtons Posted March 7, 2007 Share Posted March 7, 2007 some banks won't give you a mortgage until you have been there for 12 months though! Link to comment Share on other sites More sharing options...
Guest BullcreekBob Posted March 8, 2007 Share Posted March 8, 2007 some banks won't give you a mortgage until you have been there for 12 months though! G'day Many banks have that policy, but there are usually ways around it. If the bank you speak to says "No" or does have a 12 months working here policy, I suggest you talk to a Mortgage Broker, they will know how to get you a mortgage within weeks of your arrival. I have arranged loans for people, where the banks had said no, because they hadn't been working long enough. Often, I've arranged the loan at the same bank that had previously knocked back the application. Sometimes it's just a matter of knowing the system or how to best present an application. A good Mortgage broker will know both those things (and more !!). Having a larger depost always makes things easier. With a deposit of less than 20%, the lender is required to take out Lenders Mortgage Insurance and the two Australian LMI companies are a lot less flexible than what the banks are (or can be). Cheers Bob in Bull Creek Link to comment Share on other sites More sharing options...
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