Most banks will allow student visa holders to borrow funds to purchase a property in Australia.
The Foreign Investment Review Board (FIRB) doesn’t restrict students from buying a home or investment property as long as they meet standard FIRB criteria.
However, your ability to get approval for a loan largely depends on whether or not you have a stable job and a solid income. If you’re working, most banks will lend you 80% of the property value.
If you’re not working, then your parents may be able to purchase the house for you. Please see our student visa mortgage page for more information.
To discuss your situation with one of our Loanseeker mortgage brokers who specialises in student visa loans, please call us on 03 9398 4862 or complete our free assessment form today!