Buying Property as a Temporary Resident

If you’re living and working in Australia on a temporary visa, you may be wondering whether you can buy a home — and the good news is yes, it’s a good idea to consider speaking to a broker about your options.

While the process can involve extra steps and approval requirements, many lenders are open to helping temporary residents enter the property market.

Who Qualifies as a Temporary Resident?

Temporary residents typically include those holding visas such as:

• Subclass 482 (Temporary Skill Shortage visa)
• Subclass 485 (Temporary Graduate visa)
• Subclass 491 (Skilled Work Regional visa)
• Bridging visas linked to skilled or partner categories

If your visa allows you to work and reside in Australia for an extended period, you may be eligible for a home loan — especially if you have stable employment and a strong financial history.

What Are the Key Requirements?

Lenders generally assess temporary resident loans with a few additional criteria:

🏠 Deposit: Most lenders require at least a 20% deposit, though some may accept slightly less depending on your visa type and income source.

📄 FIRB Approval: Foreign Investment Review Board (FIRB) approval may be needed if you’re not buying with an Australian citizen or permanent resident.

💰 Stable income: You’ll need to demonstrate ongoing employment in Australia, usually through payslips or employment contracts.

📊 Good credit history: Strong credit conduct in Australia (or your home country) helps improve approval chances.

What to Expect from Lenders

Each lender has different policies on temporary residents. Some restrict the type of visa or maximum loan-to-value ratio, while others have dedicated lending programs for professionals or skilled workers on temporary visas.

A broker can help identify which lenders are visa-friendly, ensuring your application meets all conditions before submission. This can save time, reduce stress, and improve your approval odds.

Why Work with Loan Market Euroa

At Loan Market Euroa, we specialise in helping clients with unique visa or residency circumstances find the suitable loan.

We’ll handle:

• Reviewing your visa eligibility
• Comparing lender policies
• Assisting with FIRB requirements
• Managing all paperwork through to settlement

Whether you’re buying your first home, investing, or planning to stay long-term, we’ll help make your property goals in Australia a reality.

📍 Serving Shepparton, Mooroopna, Kyabram, Cobram, Tatura, Euroa, Nagambie, and across the Goulburn Valley

📞 Call Matthew: 0448 517 831

📧 Email: matthew.teasdale@loanmarket.com.au

🌐 Website: www.broker.loanmarket.com.au/euroa