Arranging finance in Australia Several major international banks have branches in Australia’s major cities. You may wish to make your financial arrangements through one of these international banks. It will also be necessary to arrange an account from which direct debits can be made to cover a property’s municipal rates, insurance premiums, water rates, electricity and gas accounts and so forth. Click here for a list of the major banks and mortgage lenders operating in Australia. We list their head office and national phone numbers. There are several major international banks with offices and branches in Australia, and you may feel more comfortable contacting your local office of one of these banks for an introduction to one of its branches in Australia. There are a variety of loan types operating in the Australian housing market. Click here for a list of the major types of loans used to purchase real estate in Australia, and a summary of their characteristics, advantages and disadvantages. If you choose to borrow through an Australian bank, which has no affiliations with a bank in your city or town, how do you make your loan repayments? Click here for an indication of current home loan interest rates being offered by Australian banks.
For rates information that is updated daily, you can subscribe to a service known as the HWW Rate Check Book, online or by fax. Click here for more information on this service. For a calculator which will help you calculate your loan repayments over time, click here. Your Mortgage Magazine, available online or by subscription, covers a multitude of topics relating to Australia’s real estate finance market. It is published four times a year.
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