Currently in 2011 there are approximately 450,000 international students in Australia working their way through their respective studies. Most of these are on a student visa and some are are interested in purchasing a property in Australia as a place to live while they are here studying instead of paying rent or board. Buying a property in Australia may also be part of the longer term goal of Australian permanent residency and ultimately obtaining Australian Citizenship.   This article outlines some general information on when international students in Australia on student visas can obtain a home loan and the requirements of the same. 1) Can I Get a Home Loan in Australia on a Student Visa? Most banks, credit unions and building societies will not lend mortgage finance to International students studying in Australia as they are deemed too risky. The concern of the banks is essentially that you will leave the country without paying the mortgage. This leaves the… Read More