By Jo’An Tan (guest contributor)
Singaporeans have been increasingly looking outside of Singapore to invest in real estate, by getting their dream retirement home, a place for their university-bound children stay in, or as an investment.
The popular choices have been Australia, United Kingdom, Thailand, Japan and Malaysia. The strengthening of the Singapore Dollar has increased interest in such properties as they are deemed to be more affordable. Local lenders have also introduced financing of foreign property loans in view of this trend.
In this article, we will focus on the intricacies of taking up a mortgage loan for Australian properties.
Financing a property purchase in Australia
While the local banks have recently forayed into lending for overseas properties due to the attractive margins, banks in Australia, through their licensed mortgage brokers, have long been offering loan packages to finance investment properties.
If you’re looking to take up a loan ...
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