1. Can Australian bank cards be used for domestic consumption?

It can be used in many stores and ATMs, but there is a handling fee and it is not very convenient. And it’s not available everywhere. Sometimes it’s troublesome if you want to use it urgently but it doesn’t work.

Furthermore, UnionPay credit cards do not have overseas transaction channels. They are all leased channels from overseas credit card merchants, so it will be very troublesome if you encounter a refund. So it is best to apply for a Visa or Master credit card. If you are traveling, just go to Bank of China and apply for a Bank of China Great Wall Credit Card.

If you are going to school, you can apply for a Bank of China Great Wall Card Australian Dollar Card, but the most convenient way is to apply for a card at a local bank in Australia.

2. Do Australian banks really no longer accept loans from overseas people?

At present, many local banks in Australia, including the four major banks in Australia, have stopped providing loans to overseas buyers. Loan business. This makes everyone in the country panic, especially buyers who have already paid the down payment. Can they still get a loan to buy Australian real estate now? The answer is yes, so for those who need a loan to buy Australian real estate.

As for Australian real estate loans, in the past two years, it has been relatively easy for everyone to obtain 70-80% of loans from local banks in Australia. But so far, Australia's four major banks have stopped lending to overseas buyers.

Why Australian banks

This is actually mainly because overseas home buyers have some problems themselves. Starting from April 2016, ANZ and Westpac have successively discovered that hundreds of Chinese people are applying for During the process of overseas home loans, there was an act of providing false materials. Because Australian banks generally viewed the materials provided by the Chinese at that time, making fake materials would save time and be more efficient than providing real materials.

As a result, Australian banks have tightened their overseas income: ANZ Bank, Commonwealth Bank, Westpac Bank, and NAB Bank. This situation gradually spread to other non-bank financial institutions in Australia. The measures they took were to first continuously increase the loan requirements for overseas people, and finally announced that they would completely reject loan applications from overseas people.

What other ways are there for real estate loans in Australia?

Since Australian banks cannot lend, are there any other ways to get loans besides local banks in Australia? The answer is yes, mainly There are many in non-Australia, and some private equity funds are also available.

Bank loans and

Bank products have lower fees and require loan applicants and banks to have other requirements.

The fund has looser requirements for lenders, but the fees are relatively low. High, suitable for investors who cannot pass bank review due to various reasons or used as a bridge loan.

You also need to be careful when choosing a loan channel. Although there are many platforms that can provide mortgage products like this, there are also good and bad ones. The difference in loan products is still quite large, so choose the right platform.

What are the conditions for a real estate loan in Australia?

What are the conditions for a loan to buy a house in Australia? In this regard, different lending institutions and different financial products may require different materials, but the following materials are basically required.

1. Lender’s assets: This aspect generally includes etc.;

2. Lender’s debts: need to submit other liabilities;

3. Lender Income: You need to know the lender’s salary level and whether the house is used for investment, then this part

4. Lender’s expenses: This part is generally not required in writing because the financial calculator will automatically Deduct expenses, so you do not need to provide material proof of expenses; Australia

In terms of loans, Australian real estate loan interest rates are a matter of concern to everyone. So what is the Australian real estate loan interest rate? In this regard, each bank may be different, and it may also depend on the borrower's personal situation. Australian home loans can generally be divided into floating and fixed interest rates, which are higher than floating interest rates.

If you have any questions or doubts about purchasing Australian real estate loans, professional Australian real estate consultants will explain them.

3. Is it true that Australia’s four major banks no longer accept overseas income loans

At present, the main banks in Australia that provide loans to overseas people are: National Australia Bank Limited, Commonwealth Bank (commonwealthbankofaustralia), Australia and New Zealand Bank (anzbank), westpacbank (westpacbank) four banks. If Aosheng Real Estate’s answer is helpful to you, remember to adopt it

4. Do Australian banks really no longer accept loans from overseas people?

Overseas people cannot take out loans in Australia. ? !

I believe you all read a message last week similar to "Australia's four major banks will reject all overseas income loans without reason" which has been flooding the WeChat screens of many Australian Chinese friends for several days. Even many investors as far away as China were frightened by this news. Many investors came to ask the editor whether the news was true.

Here, the responsible editor interviewed loan managers and loan intermediaries from multiple Australian banks to explain this alarmist and cheap hype.

(The picture shows the four major banks in Australia)

First of all, the source of this news comes from a news article stating that the four major banks will not accept fake overseas income loans and vigorously deal with them. This fraud will be thoroughly investigated. Note that "fake" overseas income loans are not accepted, not all overseas income loans. Therefore, for regular overseas loan applicants, as long as the materials are true and they can cooperate to complete the investigation, the loan can still be approved smoothly. Second, the tightening of overseas income-earning loans is indeed real. At present, Australian banks are raising the threshold for overseas income loans. This is also to minimize bank loan risks and reduce the inflated real estate bubble. For example, Westpac, one of the four major banks, announced that it will implement a new policy for overseas income loans in March this year. In the new policy, overseas income loans include permanent residents (PR) and overseas people without Australian status. As long as they live overseas and use overseas income to borrow money, the borrowing ratio is uniformly 70%. However, for PR, if they live in Australia but their income comes from overseas , the loan ratio can reach up to 90%.

The editor believes that this thorough investigation may not be a bad thing. Some home-buying investors who hold false overseas income certificates and loan brokers with irregular operations have been affected by this census, which can greatly reduce the unsafe factors in the overseas investment market, standardize the entire market operation, and also provide more authentic materials. More opportunities are available for overseas loan applicants. Under the policy of gradually tightening overseas income loans, it is recommended that you communicate with your loan broker in advance to ensure that there will be no mistakes in loan matters and to ensure that the real estate transaction goes smoothly. At the same time, it is recommended that people who intend to purchase off-plan properties, or those who have already purchased and are waiting for delivery, prepare relatively sufficient funds. Let the editor summarize the problems for everyone below.

1. Will the bank no longer accept loan applications from overseas people?

ANZ Bank will reform the loan policy for overseas income and require Australian citizens and Australian permanent residents to provide more Materials are reviewed and approved. This policy will officially take effect on March 29th!

Because the concept of "pure overseas income investors" is not clearly defined, many people misunderstand that overseas people are prohibited from applying for bank loans for investment! The regulations issued by ANZ Bank on March 29 are actually only for local customers with overseas income-Australian permanent residents and citizens. This does not mean that pure overseas investors cannot apply for loans, but they must meet certain application conditions and can only apply through FIRB. ! !

2. What materials do applicants with overseas income need to provide?

Income Proof Requirements

Borrowers applying for loans using overseas income

A valid visa passport from the overseas country and all information and stamps on the non-blank pages of the passport 3 Monthly salary slips and three months’ bank statements. Employment contract, which must include the employer’s company name, address, contact information and website. For those who have lived in Australia for more than 18 months, the borrower must provide the ATO’s TaxReturn permanent residence. Temporary residents of Australia cannot apply for loans based on overseas income.

2. Australian citizens can still apply for loans as usual if their income comes from overseas, but they need to provide stricter income and tax declaration/employment certificates.

3. Pure overseas investors and Australian permanent residents and temporary residents who usually live overseas can still apply for loans as usual, but they need to provide more stringent employment certificates.

NAB Bank

1. In addition to not granting loans to some categories of temporary visa holders, other Australian citizens or permanent residents with overseas income can apply for loans as usual. It’s just that the loan ratio and details may have some restrictions depending on the situation.

2. Pure overseas investors can still apply for loans as usual, with the maximum loan ratio being 70%.

The following are the overseas income loan application tips that the editor has collected for you:

1. The main application materials that need to be prepared·A purchase contract for the purchase of real estate and an investment permit from FIRB; ·Loan applicant’s three-month salary slip or bank statement; ·Bank transfer record or income certificate issued by the company where the loan applicant works;

2. How to identify formal loan channels·General Australian loans can be directly Through the bank's own loan manager, or a loan broker with CRN qualification. ·Not to mention the bank manager, the staff who work directly in the bank are still very reliable.

But if you find a mortgage broker, it is best to visit and confirm their work location, company environment and customer reputation. At the same time, when signing a loan contract, you should also carefully review the specific information in the loan contract to ensure that you understand all the contract details.

Finally, the editor feels that no matter how overseas investment and loan policies change, it is impossible for the Australian government and lending institutions to give up a market as large as overseas investors. Any restrictive measures are to evaluate borrowers with a more cautious attitude. repayment ability and maintain reasonable lending standards to ensure the stability of the Australian banking industry, so you don’t have to worry about investing in Australian houses and don’t hesitate when it’s time to make a move.