Talk is cheap when it comes to money - the lowest rates since 1959 positions property investors to take advantage.
The love affair overseas investors have with Australian property is also shared by world banks. All Australian banks stand on a mountain of assets of bricks and mortar, as they represent solid, stable collateral on loans. Further to this love affair, world banks also have their foot in the door to lend on Australian real estate with multi-currency loans.
In Australia, the minimal deposit required is 10% as any employed person can obtain a 70-80% loans. Overseas investors can easily access, without any fuss, 70% loans from UCHK’s Private Wealth Finance consultants.
UCHK Private Wealth Finance is an in-house finance broker with a high approval rate for overseas clients applying for Australian bank loans. With hundreds of products and dozens of banks all competing for a stake in the investment loans market, it takes an expert to navigate and target the best options available, and to negotiate even better rates than what are openly published.
Australia off shore bank loans from 1.75%
UCHK Private Wealth Finance has identified several products that are suitable for different types of investors. Clients of a certain net wealth will enjoy private banking, while small to medium size investors will benefit from the flexibility of retail products at very competitive rates.
The traditional method for overseas investors has been to make a 10% deposit of the value of the property to a solicitors trust account where it will be held securely under Government protection. This signals their intention to procure and secures the property lot under their name, pending completion.
Our newest advice to clients, however, enables them to retain the most control and security over their investment. It’s quite simple. Our clients open an account with an Australian bank in their own name, deposit the money for a fixed-term and wait for the completion date of their property project. The advantages are twofold: 1) the process has been streamlined and the funds are in their own account, giving great peace of mind and personal security, also 2) the client acquires interest, thus ensuring the funds are working for them at the same time as acting as a deposit.