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Residential Loans

STANDARD TERM LOAN

Are you looking for simplicity? Would you like a loan that offers a range of features whilst at the same time remaining uncomplicated and easy to manage?

Please take some time to consider our Advantage Plus Home Loan and Design-a-Loan term loan products. These products have been specifically designed to take the “worry” out of having a mortgage.

Products recommended for: All

100% OFFSET LOAN
100% Offset Home Loan

Do you have some surplus funds earning a moderate rate of interest where you have to declare that earning at the end of the financial year? Would you like to fully utilise the income you earn and put it to work for you?

If you answered yes to either of the above questions, then our Advantage Plus 100% Offset Loan is right for you. Read about the benefits for yourself and see how even a small amount of savings in your Offset account can potentially save you thousands in interest and years off your loan term.

N.B. Incredibly, available whilst on a fixed rate too!

Product recommended for: All

FIRST HOME BUYER LOAN

“Calling all first home buyers” As a first home buyer, just like your home, you want your loan to be just right! Well, our Advantage Plus First Home Buyer Loan is packed with a range of standard features exclusive benefits for our First Home Buyer Club member.

Check out our First Home Buyer Club….. membership is free and you will be pleasantly surprised by the benefits to be enjoyed.

Product recommended for: First Home Buyers

INVESTMENT LOAN

If you are a seasoned investor or just looking to embark on a wealth creation path, the Investor Advantage loan is right for you.

Under this simple, yet sophisticated loan facility, borrowers are able to structure their home, personal and investment loans into a single facility with an overall Credit Limit.

Product recommended for: Investors (both new and established)

LINE OF CREDIT

The Line of Credit facility is available for personal, investment or business purposes. Our Advantage Plus Line of Credit and Design-a-Loan Line of Credit facilities have been designed to suit a range of applicants. Whether it is a stand-alone facility for the business type of borrower or an “add-on” account for a home owner or investor, we can tailor a Line of Credit to suit your needs.

Simply deposit a combination of income and savings into your Line of Credit account and each dollar will reduce the interest you pay on your loan.

Product recommended for: self employed applicants, investors, home owners.

LAND AND BUILDING LOAN

A Standard Variable / Fixed Rate loan for the purchase or refinance of approved new dwelling construction by fully licensed professional builders – no owner builders. Austral’s Advantage Plus Construction Loan offers you all the benefits of a fully featured home loan whilst in the construction period.

Let us help take away some of the stress associated with the building process.

Product recommended for: Home owners, first home buyers, investors.

BRIDGING LOAN

Our Advantage Plus Go Between Loan (Bridging Finance) offers you an easy way to purchase or build a new home before you sell your existing one. Rather than needing to make two sets of loan repayments while you are selling your existing home, no repayments are required on the new home loan for the Go Between period. The length of your Go Between period depends on whether you are buying or building your new home.

Product recommended for: home owners.

LO DOC LOAN

If you are self employed or a full time salaried employee and are unable to provide documentary evidence of your income, then our Advantage Plus Lo Doc Term Loan and/or Line of Credit facility are tailored for your needs.

Whilst you may pay a slightly higher interest rate, you will receive all the benefits and flexibility of a fully featured standard loan.

Product Recommended for: self employed applicants, PAYG applicants

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Austral is a member of the Mortgage & Finance Association of Australia (formerly MIAA), the professional body for the mortgage industry.

PH: 02 9299 1833 / FAX: 02 9299 1874

TODAY: Thursday, 24th July, 2008

WEALTH MAXIMISER - INVESTOR ASSIST UPDATE - JUNE 2008
The ATO has recently published an edited version of a Private Ruling on its website: http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm A taxpayer and client of Austral Mortgage, applied for the private ruling to seek confirmation from the ATO that if there was a shortfall between his investment income and his investment outgoings then that shortfall could be capitalised under the home and investment loan & line of credit structure noted in his application.

WEALTH MAXIMISER UPDATE - MAY 2008
Ever since the High Court decision in Hart's case, taxpayers have been seeking clarity from the ATO on the deductibility of capitalised interest in certain loan structures. On 16th April 2008 a favourable Private Ruling issued to an Austral client that provides insight into the ATO's current thinking on the subject.

My Choice
Austral has recently expanded its product offering through its My Choice loan initiative. My Choice provides borrowers with access to a wide range of lenders and loan products for residential, commercial and equipment finance, so no matter what your need our friendly and experienced staff can assist you.

Austral in the Community
Austral Mortgage has been a Principal Sponsor of the Winston Hills Little Athletics Club since October 2006. We are proud to be supporting this community project and congratulate the young athletes of WHLA for their commitment to and successes in the sport.

WEALTH MAXIMISER UPDATE - FEBRUARY 2008
Wealth Maximiser Update 12th February 2008 - We have advice from the ATO that it is well advanced on a binding Tax Determination regarding the deductibility of capitalised interest on a line of credit facility. Borrowers with both a home loan and an investment loan should consider including a capitalising line of credit within their loan structure or at least ascertaining from their lender that they could access such a facility by way of a simple variation of their existing mortgage.

Trans Tasman Finance
Did you know that Austral has a wholly owned subsidiary, Gem Home Loans Limited, in Auckland NZ - we are able to assist with organising mortgage finance for you should you be considering buying property in NZ.

AusComm Finance
AusComm is the specialist Construction and Development division of Austral Mortgage - if you are a developer seeking finance for construction purposes - residential, commercial, retail, industrial - give Peter McAuley a call on 0419 220 630 or email him peter.mcauley@australmortgage.com to discuss your funding requirements.

Mortgage Calculator
A number of excellent resource tools are now available on the internet for people in Australia seeking a loan to finance the purchase of a property or refinance an existing mortgage. One of the most useful and user friendly tools is a mortgage calculator. Before going too far in the purchase and /or borrowing process it is a worthwhile exercise to quickly gauge your borrowing capacity and also determine how your new mortgage repayments will impact on your personal cash flow. Mortgage calculator...

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