Looking to buy a home in Australia and need a mortgage?

There are a number of factors you need to weight up when planning on buying a home in Australia. Getting a mortgage in Australia isn’t easy and the deals available to you will depend on your circumstances.

Do you want to sell your home in New Zealand and buy before you leave or when you get there? Do you have a deposit? Can you service a home loan? Do you already have a job in Australia? Are you an NZ citizen? Who will give an you expat loan? Which banks have the most competitive home loans?

Well the good news is now I can help you answer all your questions…

I’m so proud to introduce you to UNO home loans! They’re Australia’s first Active Home Loan Manager and our mortgage partner.

UNO combines unparalleled service with technology to streamline the entire process of getting and having an Australian home loan. Not only do they have award winning technology, knowledgeable brokers to help you, but they also have a customer care program that communicates where your loan application is at every step of the way.

UNO are going to help answer all your questions about buying property in Australia as a New Zealander and how to get an Australian mortgage. Whether your living and working in Australia, or you are wanting to buy a home from New Zealand to move into with an expat loan.

Find out if you’re eligible for an Australia expat mortgage

Do you want to know if you’re eligible to buy a property in Australia from NZ? Do you want to move straight into your own home in Australia?

Simply complete this 2 min questionnaire and find out. No obligation and you can complete as many times as you like and learn along the way…

Why did I need an Australian mortgage broker partner?

I started get more questions regarding purchasing a home in Australia and getting a mortgage over the last two years, but there’s only so much information you can find online. I needed a company that I could trust to give me (and you) knowledgeable, trustworthy advice for your particular needs/circumstances.

Hence I’ve been searching for a mortgage broker partner for close to two years and have finally found UNO who is not only knowledgeable about the rules and regulations New Zealanders face when buying property in Australia, but they also have the customer focus I believe we all deserve.

About UNO

UNO – pronounced “you know” – because “you” come first.

Born from a passion to improve Australian’s financial health, UNO was started with a vision to make the process of getting a home loan easier, faster and more transparent.

UNO’s mission is to grow the prosperity of Australian households by helping them find, and stay on, the best value home loan for the whole life of the loan.

UNO was founded in May 2016 by Vincent Turner after years of innovating in financial technology from Australia to Silicon Valley.

They want to be the most customer focused home loan business in the market.

UNO is Australia’s first Active Home Loan Manager™

They proactively look after customers’ largest household expense, their mortgage/home loan. Their job does not stop when they renegotiate or settle a mortgage. They use their unique loanScore technology to analyse the mortgages of their customers. If they find opportunities where customers can save, their experienced brokers can help negotiate better deals for them.

All that can mean saving thousands of dollars in interest over the life of a loan.

A solid and transparent business you can trust

UNO prides themselves on matching customers to the right home loans across their growing panel of 20 lenders whether you are purchasing a property or refinancing.

With UNO, you can win and keep on winning at home loans.

UNO Dedicated Broker for MTA

UNO have given us a dedicated broker, inside of UNO, who is focused on helping you meet your home loan requirements. They are a specialist in New Zealand citizens buying either from New Zelaand or buying once they get to Australia.

This means when you contact UNO they already know the special requirements you face as a New Zealander buying property in Australia and can easily help you with your next steps, whatever they may be.

Independent reviews for UNO

Product Review have them at 4.8 from 339 reviews, with 308 reviews being 5 star (March 2022).

UNO-Product Review

Here are their statistics:

  • Transparency 4.9 (167)
  • Customer Service 4.9 (173)
  • Application Process 1.7 (154)
  • Timeliness 4.7 (152)
  • Online Tools 4.7 (57)
  • Loans used for:
    • First home
    • Second home
    • Investment property
    • Renovation
    • Refinancing
    • Home construction

Source: https://www.productreview.com.au/listings/uno-home-loans.

Why do more Australians prefer using mortgage brokers than banks?

The reason why people use a mortgage brokers is because not every bank will accept you. It depends on a bunch of factors, including your household income, country of residence, deposit amount and if your circumstances fit into their policies. All banks in Australia have different policies and calculations they use to evaluate a loan application.

What UNO does for you is look at your individual circumstances and work out which banks would most likely give you a loan, then approach them for you.

If you’re moving from New Zealand to Australia the hard thing is finding a lender who will enable you to buy a property, whether its before you arrive or when you get there. All lenders will look at how long you’ve been in Australia and what type of work/income you have, or if you’re self-employed.

UNO know all the ins and outs of the different banks, their policies and calculations, saving you hours of wasted loan applications trying to find a lender that will give you a mortgage.

Can UNO help you now?

This depends on what stage you are at in your moving to Australia process, exactly when you want to buy, what deposit and income you have and proof that you can service a home loan.

UNO is working with me. They already know that you will have different requirements than their Australian customers. They know that you are either living in NZ currently or have just moved to Australia. You won’t have all the right paperwork and they are ready to help you through the home loan process.

Their triage team will be primed up and ready to help you. And because they know that you have New Zealand requirements you can help you easier and get better results.

UNO’s quick home loan questionnaire

Want to know if you are likely to get a loan right now? The below questionnaire will ask you a few questions to establish your next best move towards buying property in Australia as a New Zealand citizen

You will be asked your residence status, where you currently live, what your plans are, how much you plan on spending on your new home, your deposit amount, your income, help calculate your loan to income ration (LIR) and point you in the right direction.

You can complete this questionnaire in less than 2 minutes, with no obligation and as many times as you like…

When are you planning to buy?

Where will you be living an earning when you buy your new home in Australia…

Buying in Australia from New Zealand

If you’ve weighed up the extra costs and tax requirements you will have buying a property from NZ in Australia, then UNO can help you with an expat loan. However, this is a complex and high risk area of lending.

Beware of the rules around foreign ownership and tax:

  • Stamp duty levy
  • Ghost tax
  • The Capital Gains Tax (CGT)

You can book a time in with UNO to discuss your requirements or you can apply for a mortgage online where you can find out how much you can borrow, get advice about your options, compare mortgages or get a loan asap.

Wait until you are living and working in Australia

UNO will be able to get you a better mortgage rate, with a smaller deposit and less paperwork if you are living and working in Australia.

Is this you? Then book a time in with UNO to discuss your requirements, or apply for a mortgage online where you can find out how much you can borrow, get advice about your options, compare home loans or get a loan asap.

Have a current loan and want a better rate

If you currently have a mortgage in Australia and want UNO to get you a better one? Simply enter your property’s address in the following link for a current valuation (free property estimate).

You might be interested in…

The below posts might also be of interest you:

Still got unanswered questions?

You can ask me any questions you have below using the comment section and I will get back to you. If I don’t know the answer, I will ask UNO on your behalf and email you the answer.

4 Comments

  1. Jose

    May 11, 2022 at 6:08 am

    Hi JJ,

    First of all, thank you very much for building such an amazing website with very useful information and easy navigation. It’s much appreciated. We’re doing all the research necessary to relocate from New Zealand to Perth. I will continue working for my current employer but base in Perth. We will rent an AirBnB while looking for a house to buy or maybe considering build a new one. My question is related to the home loans and the bank requirements. I’m a NZ citizen and we would have enough for a good deposit on the new house but I read online that banks won’t give us a loan if I don’t have a payslip with an address from Australia. I’m sure I’m not the only one lucky enough to go with a job when arriving to Perth. I can ask my employer for a letter to show my continuity of service or change the address on my payslip to an address in Perth? Can you provide some information on this?

    Thank you!

    Reply
    • JJ Smith

      May 11, 2022 at 10:34 pm

      Hi Jose,
      Thank you for your comment. This question is exactly why I had to find a mortgage broker to help me.
      I believe a employment contract would be as good as a payslip, but you would need to talk directly to your mortgage broker about this.
      Changing the address to a Perth address would go a long way with the banks.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  2. Robyn Batt

    April 8, 2022 at 3:22 am

    If I want to buy a house in Australia and rent it out until we are ready to move to Australia in a couple of years. I would like to open a bank account so the tenant can put the rent money in as an automatic payment. We have cash to buy the house outright. The bank account would be in Australia. Hope you are able to give me some advice, thanks, Robyn.

    Reply
    • JJ Smith

      May 5, 2022 at 1:41 am

      Hi Robyn,
      Thanks for your comment and sorry for the delay in replying.
      To open an Australian bank account you need to physically visit a branch in Australia to prove your ID and tax residency details (IRD number for tax residency in NZ and TFN number if you have/had one, if you’ve previously lived in Australia).
      Regarding purchasing a property in Australia, do you have a plan for this?
      I am currently researching the best way for New Zealand cash buyers to purchase property in Australia, either from NZ or after they arrive. You might find this post helpful, as I did: https://www.gra.co.nz/services/investing-in-australia-from-new-zealand.
      I will be in touch if I find anything else that I think could be helpful and could you please let me know if you have any advice for visitors in a similar position to you.
      Thanks

      Reply

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