Australian prudential regulators have made it extremely difficult for non-citizen to borrow in Australia.
Even Australian expat citizens are finding it difficult to obtain finance.
By comparison to most of the world, Australia has a highly regulated banking sector and as a result many people arriving from overseas find the home loan application process tedious and daunting. Peach holds a full Australian Credit Licence and is an MFAA (Mortgage Finance Assoc Aust) approved mortgage broker.
Our staff are available to advise you on your overseas buying situation whether you are considering a residential property or an investment property.
Note to overseas investors:
Investment in the Australian property market generally requires pre-approval from the Foreign Investment Review Board. It is the responsibility of the purchaser to inquire if any approval is required.