Why buy a house in Australia?
• Economy and politics is comparatively stable In most areas, the real estate value of the last 10 years has grown by 100% Better returns than buying shares, there is a big rental market in NSW, which can help pay the monthly installments Why borrow money? Save – You will only need 20% deposit, which allows you to build up your savings Tax Benefit (Investment property only)- You can claim back your losses (including depreciation) from the government What is the difference when obtaining a home loan in Australia in comparison to Indonesia? In Australia, borrowers have the option to prepay the loan at any time they wish. For instance, if the borrowers initially indicated the bank that they will borrow the money over 30 years, they can decrease the loan term by increasing the repayments or simply prepay the entire loan. However, please note that some banks will charge a deferred establishment or penalty fees for early prepayments within 3 years. The fee ranges from AUD 700 to few thousand
