Will banks offer investment home loans to foreigners (non-PR)?

Non residents in Australia generally need to obtain approval from the Foreign Investment Review Board (FIRB) before purchasing property. The FIRB is a government body responsible for reviewing and approving foreign investment proposals in Australia.

Yes, banks in Australia will offer investment home loans to foreigners (non-PR). However, the loan terms and conditions may vary depending on the bank. Generally, banks will require a higher deposit, and the loan-to-value ratio (LVR) may be lower than what is offered to permanent residents or citizens. Banks may also require additional documents from foreigners to prove their financial capacity and creditworthiness. This could include proof of income, evidence of savings, and other financial documents. Additionally, some banks may require a guarantor or a co-borrower who is a permanent resident or citizen. It is important for foreigners to research the different loan products and interest rates offered by banks in Australia before applying for a loan. It is also important to factor in additional costs such as stamp duty, legal fees, and other fees associated with the loan. Overall, banks in Australia do offer investment home loans to foreigners (non-PR). However, it is important to research the different loan products and interest rates to ensure that you are getting the best deal.