Is the policy different for an international student to buy a house compared to a permanent resident/citizen?

hi there Henry.
yes it is. Permanent residents need a job to evidence their ability to repay the loan. As a student you would need to have a job in Australia and permanent visa or meet the criteria set down for foreign residents.

you would need approval by the foreign investment Review board and the option to either pay cash for the property or have a deposit of approximately 40% of the purchase price . it will then depend on which country you are from and which currency be used to make ongoing loan payments. some lenders prefer certain currencies as they have businesses in those countries.

feel free to contact me should you need more information.

Hi Henry

If we forget the borrowing money issues there are rules about which foreigners can purchase property and what type of property they can purchase.

Generally, an OS purchaser can buy a new property or a second-hand one which is a knockdown. They cannot buy used houses.

BUT saying that things changed a few years ago which enabled some visa holders could buy a second hand property and then have 2 years to sell it once they have left the country.

http://firb.gov.au/real-estate/

check out this site and it should help. OR go and see an immigration person.

call Jacob Wyllie http://www.fcbgroup.com.au/people/jacob-wyllie/

Thanks

AJ