Here is why you should seriously NOW consider buying your family home BEFORE you migrate.
The world financial crisis has made this advice more important than ever before.
It is a FACT that ALL banks have tightened up on credit.
Therefore, in the "good old days" before the financial crisis, if you secured a job shortly after arrival in Australia,
there was a fair to reasonable chance you could still get a mortgage as long as you had a good deposit.
Those days are gone. PROBABLY FOREVER.
The chance now of getting a mortgage after arrival, with or without a job, has been greatly reduced.
Especially if you have no established credit rating in Australia.
Imagine having worked hard for 20 years (or more!) and whilst you have a good deposit you still need to or want to borrow at least 50% of the prie of a good home, but you find you have to rent with your family for years first, all because you failed to heed this simple (but effective) advice.
Not a good start to your new life.
It has become critical to apply for your mortgage to buy a property whilst you are still overseas and still
employed, before you arrive in Australia, where you may have no job, and no credit or track record.
The chance of a loan then is greatly reduced.
