Can we buy a house in australia while on a 457 visa ?

[katyjo]

Hi, Can anyone help. We are hopefully moving to Australia on a 457 business visa for a few years I would really like to buy a house while we are there, we have a decent deposit but I wasn't sure what the morgage situation would be like. Can anyone help?

I'm not sure but my friend whose husband came on a spousal visa had trouble 'owning' property until he had his permanent residents visa. For me your best bet would be to rent when you first get here and then approach financial institutions and see how they deal with it.

I have found this on the DIMIA website, does this answer your question?

Here

Thanks guys, we have a lot to think about and sort out, but this is just one of my worries. I have a 5 month old ds and I know it is going to be really hard but I think the lifestyle we will have in the long run will be better for all of us. Thanks again

I have a feeling you can't. However, you get a better house for the money when you are renting than you do with a mortgage. Our place is worth a packet and there is no way we could afford to buy it.

Why not buy somewhere to rent out in the UK instead? If you can get income from it sterling goes a very long way in Oz, and also your property will appreciate more there than here. Worth thinking about?

Katyjo - we're on the same visa, and we found we could buy a property, but would have to sell it when we returned to the UK. too much of a gamble to take over 4 years. i think we'd have trouble getting a mortgage as well...

also, as arfishy says, you can rent fantastic houses that you'd never be able to afford to buy. buy-to-let would never work in this country...