In Reply to: Not interested posted by Maggie on Sunday, 11. September 2011 at 18:43 Bali Time:
Most banks in Australia will lend for investment purposes however they will not take security over a property located outside of the country. The only possible way to lend would be if you have an existing property in australia with equity available ie: you own the property out right that they can take as security or you have a mortgage and have equity available. In this case they will generally lend up to 95% of the value of this property, but best to stay under 80% of the value to avoid lenders mortgage insurance. I work for one of the big banks and this is our policy. Hope this helps :)