International mortgages for Australia may vary

Fri, 30 Sep 2011
International mortgages used to secure property in Australia are likely to vary in value across the country.

This is because Tom Blackett, a spokesman for the Australian Visa Bureau - an independent immigration advisory service based in London - has noted house prices down under tend to differ greatly between regions.

The industry figure observed the nation's property market can be tough, with such costs rising steadily for the best part of the last ten years.

Mr Blackett explained the population of Australia tends to be clustered by the coast, where greater resources and more liveable conditions are to be found.

"There is also a large disparity between housing costs in different regions of Australia, with average prices in Sydney almost twice as much as in Tasmania," he added.

Those considering international mortgages for an Australia relocation may wish to think about other added costs involved - such as stamp duty and land transfer registration.
 
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