The answer is: usually, they are not the same.
🏡Generally speaking, loan terms for local residents and permanent residents are more flexible, while foreign buyers are subject to more conservative loan-to-value ratios based on their status, income source, and bank policies.
📉In short, it is not that you cannot get a loan, but the amount you can borrow will vary from person to person.
🔍If you are considering buying property in Australia, understanding the loan-to-value ratio really makes a big difference.
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