grootliam Posted February 1, 2018 Report Share Posted February 1, 2018 Hi all We will hopefully land in Aus in April 2018. 457 Visa in tge bag but just sorting out a few things. I have been speaking with bond loan companies in Aus and they said we can get approval for house loan in Aus as soon as my probation period of 3 months expire. We were fortunate to sell our house in SA only a few days after putting it up for sale so we will have a decent deposit when buying. My three big quistions to others that have bought in Aus are: 1) Did you use a bank for your house loan or a bond company like the one I have been talking too? 2) When looking at houses advertised online many of them does not seem to have a real value in mind and are advertised as high 400s or mid 400s or just says make a offer. What is up with this? This makes me wonder what would happen if the price is advertised as 420k and then i offer 420k......would I actually get the house ore are they fishing for offers? 3) Do agents, banks and bond companies operate in a similar manner as in SA or is it a diffrent ball game? Quote Link to comment Share on other sites More sharing options...
RYLC Posted February 4, 2018 Report Share Posted February 4, 2018 (edited) As a temporary resident on a 457, you will need to apply for FIRB approval before being allowed to buy a house. The process is then the same as for permanent residents after that step. I’ve included a link to an article about this but please do your own research around what sort of properties/situations are allowed and Whether you’ll need more deposit (lending wise) http://www.attributegroup.com.au/wp-content/uploads/2017/08/Buying-Property-on-a-457-Visa-Property-magazine-4.pdf Edited February 4, 2018 by RYLC Quote Link to comment Share on other sites More sharing options...
RYLC Posted February 4, 2018 Report Share Posted February 4, 2018 (edited) Here is a link to the government website for FIRB residential property for temporary residents. . http://firb.gov.au/resources/guidance/gn02/ The application fee for approval to buy is $5,500 as a minimum it seems. Edited February 4, 2018 by RYLC Quote Link to comment Share on other sites More sharing options...
grootliam Posted February 4, 2018 Author Report Share Posted February 4, 2018 Thanks for the info @RYLC I forgot about tge FIRB fee Quote Link to comment Share on other sites More sharing options...
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