1. Find out how much you are eligible to borrow by completing our quotation request form
2. Obtain an Agreement in Principle
3. Choose a property
4. Sign Contract of Sale & transfer the deposit with Baydonhill Foreign Exchange to secure the property
5. Submit a copy of the signed Contract of Sale
6. Lender instructs valuation, if required
7. Lender issues mortgage offer
8. Open bank account
9. Transfer balance with Baydonhill Foreign Exchange to your Solicitor in Australia
10. Arrange monthly mortgage payments with Baydonhill International Payment Plan
11. Settlement

The Australian property system works mainly off a Freehold or Green Title, which guarantees ownership.   In some cases, such as apartments, this title may be referred to a “Strata Title” due to the sharing of common areas between the many owners of a project. This is also a very safe method.

To ensure that you properly receive your ownership rights, you will be required to appoint a Solicitor or Settlement Agent to transact your property purchase and ensure that the title passes to you in accordance with the law. 

You can record your ownership either as "Joint Tenants" or "Tenants in Common".  With Joint Tenancy, the title will automatically revert to the other owner in the event of death, where as with Tenants in Common, your share would revert to your estate for distribution in accordance with your will.

We have access to all the major Australian based banks and lending institutions.  Many lenders working with Baydonhill International Mortgages offer true special discounts to preferential clients. These will be sought wherever possible as it can result in substantial savings over the term of investment.

Foreign nationals are restricted to acquiring new property and, if acquiring vacant land, are required to begin construction within twelve months of acquisition.

The maximum loan available is 80% of the purchase price or valuation (whichever is the lower) regardless of age and to cover almost every circumstance.  Expatriate Australians can borrow up to 95% of the purchase price.  This will depend on the country you are working in and you need to be an Australian Citizen to qualify.

On a Repayment mortgage – 30 years
On an Interest only mortgage – 15 years

Loan Application Fee - Usually less than A$1,000
Mortgage Registration - Usually less than A$200
Valuation Fees - Normally included in the Application Fee on Australian based lenders, if not then usually around A$300 to A$500 
Legal Fees - Normally included in the Application Fee on Australian based lenders, if not then usually around A$500 
Mortgage Stamp Duty - approx 0.4% of the loan amount payable to the State Government

There may also be annual fees in having your loan, which should be considered.  Australian lenders must fully disclose all fees they intend to charge through the life of the loan, so that the borrower is fully informed in making their decision.

When you acquire an Australian property there are some purchase costs that you will need to consider and budget for.