Several lenders in Australia require a deposit of 20% of the value of the residential property, implying they will offer 80% of the value of the property. The various other significant factors that impact the cost of your home mortgage are the interest rate as well as the APR . The interest rate is a percent that demonstrates how a lot the loan costs every year. The APR is an additional essential percentage to take a look at since it includes not only the interest rate, however likewise any type of additional costs as well as factors you're paying toward the loan.