Help & Information

1. First Home Buyers

Q: When will the Grant be paid?

A: If you were able to provide all supporting documents, we would help you apply FHOG along with loan application. This one – off grant will be paid at your loan settlement day. Otherwise, FHOG will be paid after loan has been settled.

Q: Who is eligible to receive FHOG?

A: You must fulfil the criteria listed at Office of State Revenue Website. The criteria are various across different states in Australia. Please contact us at 03 9972 4442 for further discussion.

2. Overseas purchasing property in Australia

Q: Can I buy a property in Australia as a foreigner or a temporary resident?

A: As suggested by Australian Taxation Office, if you are a foreign resident you cannot buy an established residential dwelling in Australia, either directly in your name or through a trust relationship or company structure. Penalties apply for breaching this rule.

You can buy other types of Australian residential property, such as new dwellings, vacant land and property that is to be redeveloped, but you must first get approval from the Foreign Investment Review Board (FIRB).

If you are a temporary resident you can buy an established dwelling if you use it as your residence in Australia and get approval from the Foreign Investment Review Board (FIRB).

Please refer to ATO webpage for more details.

https://www.ato.gov.au/Individuals/International-tax-for-individuals/Investing-in-Australia/Owning-real-property-in-Australia/

You’re also welcome to contact us on 03 9972 4442 for further discussion.

3. Purchase an Investment Property

Q: What is interest rate?

A: Interest rate for an investment loan will be higher than that for an owner occupied loan. We will help you get a discount based on lender’s standard rate. The actual discount rate will depend on loan amounts, repayment type and loan products. Please contact us at 03 9972 4442 for further discussion.

4. Refinance Your Home Loan

Q: How much will be my monthly repayment if refinancing?

A: We have an online calculator shows how much you can lower your monthly repayment approximately. For more details on your loan, please contact us on 03 9972 4442.

5. Commercial Loans

Q: How much can I borrow?

A: General LVR is in a range of 50% to 70%. It depends on your business commercial risk. For more details on your loan, please contact us on 03 9972 4442.