If you are a 482 Visa Holder, we can help you with a home loan

Home Loan for 482 Visa Holder

Australia is a large country in size with a relatively small population. To overcome skill shortages and encourage business investment, the Government offers these individuals the to opportunity live and work in Australia. Many of these individuals discover that Australia is a great country to live in and would like to settle down and buy a home. Professional Home Loans can assist them with their goals.

What is the 482 Visa?

To encourage balanced growth away from the major cities, the Australian Government introduced the Subclass 482 Visa, The 482 Visa is a Temporary Skill Shortage Visa which allows the visa holder to live and work in Australia. There are four different stream of 482 Visa:

1. Short-term stream: This visa enables employers to address labour shortages by bringing in skilled workers where employers can’t source an appropriately skilled Australian worker. The requirement is the occupation is on the short-term skilled occupations list.

2. Medium-term stream: This visa enables employers to address labour shortages by bringing in skilled workers where employers can’t source an appropriately skilled Australian worker. The requirement is the occupation is on either the Medium and Long-term Strategic Skills List (MLTSSL)or the Regional Occupation List (ROL). You can live and work in Australia for up to four years.

3. Labour agreement entrant: This visa is for skilled workers nominated by employers who have a Labour Agreement. It lets you live and work in Australia temporarily. Labour agreements are developed between the Australian Government (represented by the Department) and employers. The requirement is your employer has to have a labour agreement with the Australian government in effect.

4. Subsequent entrant: This visa is for family members of subclass 457 and TSS visa holders who are applying separately for their TSS visa and wish to join the primary subclass 457 or TSS visa holder in Australia. This is for family members of subclass 482 or 457 visa holders.

The 482 visa allows temporary residents to pursue property ownership in Australia, provided they meet the necessary criteria and approval from the Foreign Investment Review Board (FIRB).

Understanding the 482 Visa and Its Implications on Property Ownership

The 489 visa is a temporary visa granted to skilled workers from overseas who are sponsored by a state or territory government, as per the regulations of the Australian government. It is important to note that 489 visa holders are eligible to purchase residential property in Australia, provided they fulfil the necessary criteria and secure approval from the Foreign Investment Review Board (FIRB).

Eligibility Criteria for 482 Visa Holders to Purchase Residential Property

To successfully invest in Australian property, 482 visa holders must fulfill certain criteria, such as obtaining FIRB approval, selecting an appropriate type of property, and meeting the financial requirements.

FIRB Approval Process

The Foreign Investment Review Board approval process is a vital step for foreign investors to fulfil prior to purchasing residential real estate in Australia.

Property Types

When it comes to property types, Australia classifies residential properties as either “new dwellings” or “established dwellings”. For 482 visa holders, the eligibility to purchase properties differs based on this classification.

Financing Options for 482 Visa Holders

Navigating the world of financing options can be challenging for 482 visa holders, as their visa type, occupation, and financial situation can significantly impact the available options.

Borrowing Limits

The borrowing limits for 482 visa holders play a crucial role in determining their ability to purchase residential property in Australia.

Lender Preferences

Lender preferences for 482 visa holders can vary significantly when it comes to purchasing residential property in Australia. Some lenders may be willing to lend up to 70% to 95% of the property value, but they may impose additional fees and higher interest rates than Australian citizens or permanent residents. On the other hand, some lenders may assess the mortgage application of 482 visa holders who are married to or in a relationship with an Australian citizen, New Zealand citizen or Australian permanent resident as if they were Australian citizens, thus offering more favorable terms.

Buying Property with an Australian Partner

If you are considering purchasing property with an Australian partner, this can offer significant benefits for 482 visa holders.


In conclusion, purchasing property in Australia as a 482 visa holder is possible, but it comes with its own set of challenges and restrictions.

With Professional Home Loans as your trusted mortgage partner, we specialise in navigating the complexities of temporary residency and have established relationships with banks that are open to accommodate your unique situation. We understand the importance of securing the financing you need to achieve your homeownership dreams, and we’re here to guide you through the process every step of the way.

There is no cost for our service and absolutely no obligation.

Contact us online or call 1300 55 44 97 today to learn how we can answer all your questions about getting a home loan on a Temporary Visa!

Free 30-Minute Finance Strategy Session For Professionals

Let us help guide you through the Home loan process.

FAQs – 482 Temporary Visa

You can buy a property in Australia on a non-resident visa, but you must meet the Department of Home Affairs’ criteria and requirements, This includes getting a FIRB (Foreign Investment Review Board) approval, and the home you purchase must be your primary residence. Other options include a 489 visa home loan, a 491 visa home loan, and more.

Home loans are available to those on 482 Temporary Skilled Visa. You can borrow up to 95%.

Yes, home loans for Australian property are available to those that don’t have citizenship or permanent residency status.

Most temporary visa holders or non-residents are unaware of the costs associated with buying a property. The two additional costs are FIRB (Foreign Investment Review Board) application fee and foreign buyer surcharge/stamp duty.

Fees for FIRB can be found here.

Foreign Buyer surcharge/stamp duty is state dependent and is percentage of the purchase price. It is 8% in Victoria and NSW, and 7% in other states.

There is no stamp duty surcharge for properties in ACT and NT.

The lenders do not treat or limit a person’s borrowing capacity if they are on a temporary visa. As long as they are living and working in Australia, earning AUD, they will treat them the same as an Australian citizen or Permanent Resident.

The only time the banks will limit a person’s borrowing capacity is when they are earning foreign income. They will typically shade their income by 20%. In saying that, some lenders will shade by 10%, whereas others will shade by 40%. It really depends on the lenders policies.

Their policy will also determine whether Australian tax margins are used or whether the local tax rate is use. For example, tax rate in Singapore, UAE and Switzerland is much lower than Australia. Some lenders know this and will allow the local tax rate to be used.

With Temporary Visa Holders in Australia, they will be treated the same as citizens and PR.

For expats, the factors that may come into play are living expenses such as rent. Rent in some countries such as Switzerland and HK are very expensive. If the rent is not covered by the employer, this usually makes it very hard for the client, even they are on strong income.

Credt card limits may also impact their borrowming limit. Most expats also have credit cards with very high limits. This is normal for Middle Eastern countries, Singapore and Hong Kong. The credit card limit can have major impact on a client’s borrowing capacity, as the lenders treat the limit as the balance.

Lenders will to lend to those that have a high likelihood of staying in Australia and stability in income. These include Skilled, Partner and Business/Investment Visa Holders. Our website highlight the common visas that lenders will lend to. In saying that, I do have a few lenders that will lend to those with Graduate Visas or parents that are overseas buying a property for their children to live in while they study here.

The key thing is to know how much deposit they need. As discussed previously, they need extra funds to cover FIRB and Foreign Buyer surcharge. Depending on their visas, the lenders will lend up to 95%. However, in some cases, the maximum loan is at 80%. On top of the fees, they also need 20% deposit as well as funds to cover legal fees and incidentals.

The banks do not typically view any non-citizen/residents more favourably than others. They do however, have certain countries they won’t lend to. Those mainly consist of countries that is politically unstable or currently involved in war. The lenders also have a list of currencies that are acceptable to them. I suppose this is the way that are more favourable to some countries than others, by accepting their currency when applying for a loan.

The main misconception is that people on are not Australian or are non-Residents are treated differently and pay a higher rate. Temporary visa holders, PR and Australian expats get the same rates as local purchases. The ones that will attract higher rates are non-Residents and foreign income self-employed. This category will fall under the specialty lenders and may have to pay additional risk fee and higher interest rates.

Testimonial icon

After having two other brokers tell us that we had to be in Australia with proof of payslips to buy a house, we had lost hope of buying from NZ before moving over. Thankfully we found Professional Home Loans online! Michael has been amazing from start to finish. His replies to my emails were always prompt and he managed to sort an issue with our paperwork before settlement. We are very grateful for Michael’s hard work. Without it we likely would have given up on our dream of moving to WA as it would have been tricky getting a rental with pets, especially during a rental crisis.

Melanie Downers

Testimonial icon

We had a very complex mortgage transaction to negotiate as we live overseas and did not have the 20% deposit. However, Michael Nguyen from MAP was instrumental in helping us purchase our first home. We would genuinely recommend Michael to anyone looking to purchase a house. Thanks Michael.

Robert Smith

Testimonial icon

Great service, always attentive and let us know what would happen, how it would work, what was required etc. Tom goes the extra mile and is always available on the phone or email at anytime to explain things. Phenomenal Service. You won’t get better (Although first house purchase in Australia, this is my 4th house purchase and the best service yet by far!)


Testimonial icon

Michael succeeded where other brokers couldn’t due to my subclass 461 visa. Clear and prompt comms from start to finish and fantastic service.

Thanks Michael 🥳

Alex S

Testimonial icon

Michael is the best broker out there. Besides his credit knowledge, he was also very attentive to his clients. He makes sure that all our questions are answered and is always looking after you. Responses within minutes too if you ever reach out. People always talk about how stressful it is to apply for a home loan. As a temporary resident in Australia, Michael made the application process the easiest thing we have ever done. Fun fact! I was so amused when Michael was guiding our solicitor during the process, that’s how skilled and knowledgeable he is about his clients’ background and what they’re entitled to when it comes to purchasing a property. Thank you Michael and Professional Home Loans for the best experience!

Nicoleen Pitargue

Testimonial icon

Tom has been absolutely amazing. From day 1 Tom was so clear and honest about everything. We got a land loan and then a construction loan. Tom assisted us all the way through and answered every question we had fast. Tom made the entire process painless and easier than I expected. I was also surprised to get a better interest rate than I expected. Absolutely 10/10. Highly recommend

Michael Harris

Testimonial icon

I am extremely Thankful to Michael Nguyen of Professiona Home Loans for the service provided. I had approached many mortgage agents and had given up hope of obtaining the loan amount desired by me, either the sanctioned loan amount would be too little or they would come back saying that it was not possible to obtain mortgage with my kind of profile.

I am an Australian PR holder, working in Gulf country and after reading online reviews of Professiona Home Loans, I approached them as a last resort. Michael was very sure and confident that I will be able to get the mortgage sanctioned and of the desired amount and he was true to every letter.

I can say that our journey with Professiona Home Loans in capable hands of Michael has been no less than a cake walk. I first contacted Michael in mid May’19 and by mid June’19 we had pre-approval letter (there was some delay on my part in providing documents). The disbursement too took place without any hassle and we were able to purchase our dream home. It was such a relief and moment of joy for our family, all thanks to Michael.Michael kept us informed at every stage and weather it was a weekend or even if he was on vacation/travelling; our queries were promptly attended to with a smile and to utmost satisfaction. I would also like to add one more thing. Some of the mortgage agents demanded fees but with Professiona Home Loans there is no such thing to be paid and there are no hidden costs/surprises. I would highly recommend Professiona Home Loans, especially Michael to anyone seeking Mortgage. They are simply outstanding, trust them and all your mortgage worries will be taken care of.

All the Best Michael in your future endeavors and Thanks a TON once again. You are better than the Best.

Navin Negi