It is possible get a loan for New Australian Permanent Resident?

[cachete]

Hi all,

I am new in Australia I have 3 month working and I want to buy an investment property, but when I went to the bank and asked for loan, they told me that I need to work for 2 years to get a loan. Somebody in the forum can give me some advice regarding to what broker or bank can I use to get a loan for an Investment property?
If I buy an investment property rather than property to live, can I still using the first home buyer benefic when I will go to buy a house for live?

Thanking in advance

 

[Rolf Latham]

Hiya Cach

Not quite true on the 2 years I reckon, but some lenders have become quite tough !

Much will depend on the job you are doing, who the employer is and how much deposit u have.

Yes, the FHOH is available after an IP purchase, but in general the full stamp duty exemption is not

ta
rolf

 

[bcoombs]

Where you working overseas? You may just need to paint a better picture.

If you are a student you may need to purchase with your parents.

If you like I can do some research on who would be more sympathetic.

Regards

Brett Coombs
Chase Loans
0421323699

[email protected]

 

[vsdabhi]

If your are a PR visa holder, you can buy a property with FHOG and no need to wait for 2 years. You should have a permanent job and some 10% or more saving. I migrated in Sept 2007 and got loan approval for PPOR in Dec 07 and settlement in Feb 08.
Mortgage broker can help.
Thanks

 

[cachete]

Hi all,

I am permanent resident and I started to work 3 month ago. It is a permanent full time job in Sydney.

Thank for your help

 

[Qlds007]

Buying an IP first wont disqualify you from being elligble for the FHOG (assuming it is around) when you come to buy a PPOR but may disqualify you from any Stamp Duty concession.

With 3 months full employment cant see an issue in qualifying for a loan all depending on what lvr you are seeking and other credit factors.