To current/future temporary visa holders.
Thought some might find this info useful.
Firstly with regards to obtaining a mortgage in Australia, yes this is allowable and can be done. You can generally borrow up to 80% of the property value with most lenders.
You will need to obtain approval to purchase your home from the FIRB (Foreign Investment Review Board) first, however this is generally a formality and may only take up to a week or two for approval. Established homes are included in this.
Secondly with regards to UK pension transfers, if you are a resident for tax purposes, then you will not be subject to the 6 month tax free threshold for bringing your Pension across from the UK. If you transfer your Pension once permanent and therefore are outside of the 6 month window since becomin tax resident then the fund is taxed on the growth the same way as a permanent resident would be.
This post is just to clarify the situation for temporary residents on these points. In regards to the Pension transfer, please do not make any decisions to transfer based just on the 6 month rule, there are many factors that need to be taken in to account and also the tax that may apply if you are outside of the 6 months is generally not as onerous as suggested.
Also please note that new legislation means it could be very unwise to transfer a pension as a temporary resident.
Hopefully this just paves some direction for people to think about.