South East Property, a fully integrated business tailored to the needs of investors who aim to buy property in Australia, opens loan assistance so as to guide interested investors on properties market and real estate in several cities in Australia such as Sydney, Brisbane, Melbourne, and Perth.
The team behind South East Property are ready to give professional property and finance helpful pieces of advice to secure the best property, loan and tenant for you property. Their roles tap more on reducing the risks you take when investing at the same time give you options of the best choices you can make for a successful investment move. Renowned for applying the highest standards of quality and integrity in all our services, the company have a reputation for serving their clients, earning trust and providing ongoing support.
Their passion and expertise about property and finance will help each client in finding the right property and tailoring loan. They will also not leave their clients unguided in managing the rental needs and other useful insight about it.
South East Property has a pool of property specialists who are recognized experts who understand market trends and the complexities associated with non-resident purchases of properties in Australia. Hence, they are able to extend international footprint and fully integrated services according to the needs and situation of each clients. The company assists in Foreign Currency Loans and Australian Home Loans.
With Foreign Currency Loans, it allow expatriates and offshore investors to borrow in a currency other than Australian dollars to purchase or re-finance a property in Australia, or elsewhere. They are designed to take advantage of currency fluctuations and differences, are flexible, and competitive rates are available for financing property which allows you to benefit from interest rates as low as 2%.
Moreover, These loans work on exchange losses (and gains) and it is recommended that you fully understand their operation and seek professional advice prior to making any commitment.
In Australian Home Loans, another option laid by the company, non-resident borrowers (expatriates and/or foreigners) have direct access to the same standard variable rates in Australia (*subject to lenders who facilitate borrowing to non-residents) as borrowers have access to in Australia. Non-resident borrowers have access to package discounts which are determined by size of loan. Generally these discounts range between 0.7 – 1.0%.
Whilst non-resident lending is restricted to 80% of purchase price (or valuation – whichever is the lower) Australian and New Zealand expatriates can look to borrow up to 95% of the property purchase price (however lenders mortgage insurance will be required to be paid over and above 80%). Furthermore, a fixed rate will follow a pre-determined rate of interest set for a given time period generally 1-5 years. A fixed repayment type offers a borrower certainty or repayments and generally additional peace of mind.
With an interest only home loan, repayments only cover the interest component. Interest only loans can generally be taken up to 5 years with the ability to take up another 5 year option at expiry. Because borrowers only repay the interest component, interest only loans have lower repayments than principal and interest loans. Whilst you are not directly paying any money off your home you are minimizing your cash flow requirements but still have the flexibility of making lump-sum (generally unlimited) lump sum repayments thereby reducing total interest paid over the term of the loan. Foreign Currency loans allow expatriates and offshore investors to borrow in a currency other than Australian dollars to purchase or re-finance a property in Australia, or elsewhere. Loan terms are available up to 30 years regardless of age – no age discrimination in Australia.
About South East Property:
South East Property is a fully integrated business tailored to the needs of expatiates and investors looking to buy property in Australia. The company is the first business of its kind, which sets it apart from competitors as they are able to provide clients with information on current market trends, property hotspots, exclusive property developments, property finance, tax and rental management. To find out more, visit: http://www.southeastproperty.org/.