wonder if anyone can answer this please?
we are hopefully heading to adelaide at the end of 2010 on a 175 visa. 'we' are me, nurse age 43 and hubby age 46 + 3 kids 13,9 & 9.
we are hoping to buy somewhere asap, but will only be coming with minimal savings, (but will be debt free). im a nurse and should be earning around $60k, hubby is a plasterer so not sure what he will earn (if anything, given the recession)
my questions are;
* how long do we have to live in aus before being able to get a mortgage? I understand we need to be in permanent employment, so may only be based on my wage.
* what would be the minimum deposit? is 5% acceptable, or do any of the aus banks do 100% mortgages?
* do self employed people have different requirements? im thinking if oh does get work, but is self employed.
* would we have trouble getting a mortgage at our ages?
I did research all this about 7 or 8 years ago when we first started looking at migrating, but due to various problems over the years are only now at a stage when we will hopefully be able to start the process !! my info is out of date and the inernet is now a mind boggling minefield of info ...
thanks for taking the time to read