How to Secure Home Loans for Non-Residents in Brisbane: A Complete Guide

Owning a home in Australia is a big goal, and for visa holders, home loans for non-residents are often the first step toward it. Non-residents include foreign investors, temporary visa holders, and expats, people who live and work in Australia but aren’t citizens or permanent residents.

Brisbane is a popular choice thanks to its growing economy and rising property values. That’s why choosing the right home loan matters since it directly affects how manageable and straightforward the mortgage process will be.

At Kelly Brothers Finance, our mortgage brokers help non-residents find the right home loan. We compare lenders, handle the paperwork, explain FIRB process, and guide clients through to final approval, making sure they avoid costly mistakes along the way.

Let’s now explore everything non-residents need to know about buying property in 2025. 

What are Home Loans for Non-Residents?

Home loans for non-residents are loans specifically designed for people who don’t hold Australian citizenship or permanent residency but want to buy property in Australia. These loans are common among expats, foreign investors, and temporary visa holders looking to purchase residential or investment property in cities like Brisbane.

Who Counts as a Non-Resident in Queensland?

In Queensland, you're considered a non-resident if:

• You’re on a temporary visa (like a student, bridging, or skilled work visa)
  
  
• You’re a foreign investor who lives outside Australia
  
  
• You’re an Australian citizen living overseas with no firm plans to return
  
  
• You don’t hold permanent residency or Australian citizenship
  
  

Even if you're living and working in Brisbane, you still fall under this category if your visa is temporary.

How Are These Loans Different from Regular Home Loans?

• You’ll need a larger deposit—usually 20% to 30%
  
  
• Lenders may need to verify income from overseas sources
  
  
• Your application may involve an international credit check
  
  
• Approval usually takes longer because of more checks and conditions
  
  
• FIRB approval is often required, unlike with standard loans

Because the process is more complex, many lenders have stricter rules. That’s where a broker becomes valuable. They know which lenders offer better terms for non-residents and can simplify the process for you.

Can Non-Residents Buy Property in Brisbane?

Yes, but it’s not the same as buying as a local. Non-residents must follow specific investment rules set by the government.

Foreign Investment Rules

Most non-resident buyers need to apply for approval from the Foreign Investment Review Board (FIRB) before buying. This includes temporary residents and overseas investors. FIRB looks at whether the purchase is in Australia’s interest.

The application fee for FIRB approval starts at $13,200 for properties priced under $1 million and increases with the purchase price.

What Property Types Are Allowed?

Depending on your visa status, here’s what you can buy:

• Temporary residents can buy one established home to live in, or new dwellings and vacant land (as long as they build within four years).
  
  
• Foreign investors can only buy new dwellings, off-the-plan apartments, or land for development. They’re not allowed to buy existing homes to rent out.
  
  
• Australian expats may have more options depending on their long-term residency plans.
  
  

If you're unsure what you’re allowed to buy, it’s best to speak to a broker or legal advisor early in the process.

Not sure what you’re allowed to buy as a non-resident?

Our Brisbane mortgage brokers at Kelly Brothers Finance can explain what properties you’re eligible for and which lenders will work with your visa status. Call (07) 3847 9450 or visit kellybrothersfinance.com.au to get clear answers.

Eligibility Criteria for Non-Resident Home Loans

Not everyone can apply for a home loan as a non-resident. Lenders in Queensland follow strict guidelines based on visa type, income, and ability to prove financial stability.

To be eligible for a non-resident home loan in Brisbane or broader Queensland, you’ll generally need to meet the following criteria:

• Visa Type: You must hold an acceptable visa. This can include:
  
  
• Temporary Skill Shortage (TSS) Subclass 482
  
  
• Student visa (case-by-case, with additional conditions)
  
  
• Bridging visa
  
  
• Partner or spouse visa
  
  
• Australian citizens living overseas (expats) are also treated as non-residents by some lenders
  
  
• Income Verification: You must show stable and ongoing income. This can include:
  
  
• Local employment income (preferable)
  
  
• Foreign income (must be in an acceptable currency and backed by payslips, tax returns, and bank statements)
  
  
• Self-employed income (supported by recent tax returns and financial statements)
  
  
• Documents Required:
  
  
• Valid passport and visa documentation
  
  
• Proof of income (recent payslips, employment contract, or tax returns)
  
  
• Overseas or Australian bank statements (usually 3–6 months)
  
  
• International or local credit report
  
  
• FIRB approval (if applicable)
  
  
• Savings history and proof of deposit
  
  
• Deposit Requirement:
  
  
• Most lenders require a deposit of 20–30%
  
  
• If using foreign income, you may be asked for a larger deposit (30–40%)
  
  
• Credit History:
  
  
• A clean credit report, Australian or international, is essential
  
  
• Lenders may reject applicants with defaults or missing credit history

Meeting these requirements boosts your chances of approval, especially if you're buying in Brisbane's competitive market. Lenders will also assess your visa’s expiry date and whether you have a path to permanent residency.

Types of Home Loans Available for Non-Residents

Non-residents in Brisbane have access to a range of home loan options, but choices depend on visa type, deposit size, and income source. Here's a breakdown of common loan types available for non-resident buyers in Queensland.

Fixed-Rate Home Loans

This loan type locks in your interest rate for a set period, usually 1 to 5 years. It offers repayment stability, which is useful if you're managing overseas income and currency exchange risk.

Variable-Rate Home Loans

Your interest rate can move up or down with the market. These loans often come with features like extra repayments and redraw options, offering more flexibility.

Investment Property Loans

Designed for buyers who won’t live in the property but plan to rent it out. Available for non-residents with FIRB approval, but restricted to new builds or off-the-plan properties.

Low-Doc Loans

For self-employed applicants or those with limited documentation. Lenders may accept bank statements or accountant declarations instead of full tax returns, though interest rates are typically higher.

Interest-Only Loans

For a set period (e.g. 1–5 years), you only pay interest, not the loan principal. This option suits investors looking to maximise rental returns early on, but it’s less common for owner-occupiers.

Construction Loans

Useful for buying land and building a new home. Funds are released in stages during the build, and FIRB rules require construction to begin within four years of land purchase.

Non-residents generally don’t qualify for most Australian government first home buyer schemes or grants. However, if buying jointly with a citizen or permanent resident, your partner may still be eligible for some programs.

Always check with a broker to confirm which options apply to your visa and goals.

Not sure which loan type suits your visa and goals?

Our Brisbane mortgage brokers at Kelly Brothers Finance will help you choose the right loan based on your residency status, income, and property plans so you don’t end up with the wrong fit. Call (07) 3847 9450 or visit kellybrothersfinance.com.au for expert guidance.

How to Apply for Non-Resident Home Loans

Applying for a home loan as a non-resident may seem complex, but it’s manageable with the right support. Here’s a clear step-by-step breakdown of the loan process tailored for non-resident investors or buyers in Brisbane and across Queensland.

1. Define Your Financial Goals

Start by working out what you can afford and what you want to achieve, whether that’s buying a residential property to live in or an investment. Your borrowing capacity will depend on income, savings, and your financial history.

2. Seek Legal Advice

Before starting your loan application, it’s smart to speak to a solicitor who understands foreign buyer laws. They can guide you on capital gains tax, ownership structures, and local compliance issues for Australian property.

3. Get FIRB Approval (If Required)

Most non-resident investors and foreign buyers need FIRB approval before signing a contract. This step is mandatory and involves fees, which are part of the additional costs you should plan for early.

4. Engage a Mortgage Broker

Working with a broker experienced in non-resident loans and expat home loans can simplify the application process. They’ll recommend a suitable loan product, compare competitive rates, and match you with non-bank lenders or banks willing to lend based on your visa and income type.

5. Submit a Loan Application and Get Pre-Approval

Once your documents are ready, your broker will submit the loan application. Pre-approval gives you a borrowing limit and helps you confidently move forward with your property purchase.

6. Choose a Property and Sign the Contract

Find a residential property that meets FIRB and lender criteria. Before signing, your broker and solicitor will double-check everything aligns with your financial goals and legal requirements.

7. Finalise the Loan and Get Formal Approval

Your lender will assess your full application and issue loan approvals once satisfied. They’ll confirm income, foreign currencies (if applicable), your financial history, and the details of your loan term.

8. Consider LMI and Additional Costs

If your deposit is below 20%, you may need to pay Lenders Mortgage Insurance (LMI). Budget for additional costs like stamp duty, FIRB fees, legal fees, and possible capital gains tax obligations.

9. Complete Settlement

After final approval, your solicitor and lender coordinate the settlement. This is when the property legally becomes yours and your loan product kicks in, completing the loan process.

By following these steps and using expert support, non-residents can confidently navigate the home-buying journey and make smarter choices in the Queensland market.

Starting your home loan application as a non-resident?

Our Brisbane mortgage brokers at Kelly Brothers Finance can handle the entire process for you. We compare lenders, manage documents, explain FIRB rules, and improve your loan approval chances with the right strategy. Call (07) 3847 9450 or visit kellybrothersfinance.com.au to get expert help from day one.

Frequently Asked Questions (FAQs)

Can a non-resident get a home loan in Australia?

Yes, non-resident mortgages are available through select lenders that offer suitable home loans for foreign citizens, expats, and non-permanent residents. Lenders apply stricter lending criteria, so working with a broker and getting professional advice early in your loan journey is essential.

What salary do you need for a $500,000 mortgage?

Your required salary depends on your borrowing power, existing debts, and financial circumstances. A strong income supported by an annual tax return, strong credit score, and clear international credit report improves your loan approval chances, especially under stricter lending conditions.

What is the easiest home loan to get approved for?

Loan programs with clear terms and local income sources are typically easier to approve, especially for eligible home buyers with a resident spouse or partner visas. Choosing suitable properties within property price caps and aligning with lender credit policies can also improve your chances.

How much deposit is required for a home loan in Australia?

Most foreign citizens and non-permanent residents need at least a 20% deposit, though some may need up to 30% or more due to stricter lending conditions. Saving a larger deposit not only avoids extra stamp duty but also reduces the cost of a real property mortgage in the long term.

Can I get a loan if I am not a permanent resident?

Yes, non-permanent residents can still apply, particularly if they have a stable income, meet the lender’s lending criteria, and have support from a financial advisor. Having a resident spouse, applying as joint tenants, and providing solid documentation help navigate the entire process and reach pre-approval and final loan approval faster.

Final Thoughts

Buying property in Brisbane as a non-resident in 2025 is absolutely possible, especially with the right advice from people who understand non-resident home loans inside and out. With visa types, FIRB rules, and loan requirements to think about, having a professional on your side makes all the difference. 

We’re mortgage brokers based in North Brisbane and work with clients all across the wider Brisbane area. Whether you're an expat, investor, or here on a temporary visa, our team at Kelly Brothers Finance can guide you through the entire process and help you find the right loan for your situation. 

Book a free consultation today and make your home ownership goals a reality. Call (07) 3847 9450 or visit kellybrothersfinance.com.au – we’re ready when you are.