Key Features of Residential Mortgages in Australia

• Loan Types:
  • Variable-rate loans: Interest fluctuates with market rates.
  • Fixed-rate loans: Lock in a rate (typically 1–5 years).
  • Split loans: Combine fixed and variable portions.
  • Interest-only loans: Pay only interest for a set period, common for investors.
• Tenure: Up to 30 years, with flexible repayment schedules.
• No deposit borrowing through guarantor security