AUSTRALIAN PROPERTY- FREQUENTLY ASKED QUESTIONS BY OVERSEAS BUYERS
Michael Bentley, Citylife International Realty
What type of loan is the best when buying property in Australia?
For investment property in Australia, very attractive investment loans are available, where you are only required to make the minimum interest payment each month, with capital or principle payments made at your option. These loans make property investment very attractive, as it means the rents will usually cover the monthly payment.
However, in recent years the banks have started to limit the availability of these loans.
But 20-30 years principle and interest loans are still readily available, with no age restriction, and the rental will usually cover the interest, so your capital payments are reducing the debt each month.
For more answers to commonly asked questions, please return to the FAQ page using the link below.
"Michael Bentley has such a wealth of knowledge and wisdom concerning Australian property investment that one can never learn enough from him"
Michael Bentley is probably the most experienced expert on Australian Real Estate as it relates to overseas buyers.
He brings decades of high level knowledge to the table, and with billions of dollars of real estate deals behind him.
To help you navigate through whatever Australian real estate situation you face, you need to be confident that you can get the research, help, information and advice you NEED to be able to make informed decisions going forward.
Citylife's exclusive Australian property buying service helps Hong Kong investors buy their dream Aussie property.
"Mike provided boundless energy towards our purchase, took care of the finance, arranged lawyers, a building inspection, helped us structure it correctly for tax, and when a last minute hitch occurred with the seller deciding NOT to sell, kept calm, and more importantly kept US calm, and used his experience and knowledge to get the deal back for us"
Colin and Elaine, Hong Kong, 2020