Home Loans

Australian expats often move overseas with the goal of taking advantage of both higher wages and lower taxes. For that reason, they want to use their higher income to obtain an expat mortgage in Australia.

The guidelines and Credit Policy for most banks are quite different for Australian expats who are looking to apply for a loan to buy an Australian property and this needs to be taken into account from the outset as it can have a significant impact on your borrowing capacity.

Generally speaking, it’s possible to borrow up to 70-80% of the property’s value and in some circumstances also up to 85% and not pay Lenders Mortgage Insurance (LMI) as an expat.


One of the key differences between Aussie expat home loans and loans issued to those currently residing in Australia is that lenders will not accept all foreign currencies.

While all lenders have different policies, generally the main currencies that will be accepted as a form of income include the United States Dollar (USD), Great Britain Pounds Sterling (GBP), Euro (EUR), Singapore Dollar (SGD), Canadian Dollar (CAD), United Arab Emirates Dirham (AED), Hong Kong Dollar (HKD), Japanese Yen (JPY), Swiss Franc (CHF) and the New Zealand Dollar (NZD).

There are other currencies that are accepted, however, you might be forced to borrow at a lower LVR.

Interest Rates

Generally speaking, some lenders don’t offer discounted rates on Aussie expat home loans, however, the actual rate is comparable to most standard home loans and you should be able to obtain the maximum rate discount if you engage a broker that specialises in foreign income loans. Again, this will differ on a case-by-case basis.

As with most lenders, if you are unable to provide standard proof of income you will likely be forced to pay a higher interest rate or be ineligible for a loan


Some Aussie expat home loans are available up to a 90% LVR, however, the borrower will be required to pay Lenders Mortgage Insurance (LMI) which can be quite substantial. Alternatively, you may be able to access an 85% LVR loan and not pay any LMI if you meet certain special criteria

Unlike within Australia, where some lenders offer home loans at higher 90% LVRs without the need to pay LMI to certain professions such as Doctors, Accountants or Lawyers, this is not available to expats. If you engage a specialist foreign income broker, they may be able to advise expats living in the UK, USA, Hong Kong, and Singapore on how to obtain a loan as an expat that can be converted to one of these specialised loans when you repatriate back to Australia.

Tax Implications and Currency Fluctuations

It’s important to note that Australia has some of the highest tax rates in the world and different lenders will assess your income based on an Australian tax rate. This can mean your borrowing power is significantly reduced.

Similarly, given the fact that currencies fluctuate in value, many lenders will only accept a certain percentage of your income (60-90%) in a foreign currency to make sure they are protected in the advent of an adverse currency move.

It’s also worth noting that any negative gearing tax benefits won’t be included for Aussie expat home loans when assessing serviceability.

Home Loan Options for First Time Buyers

Many young couples head overseas with the goal of setting themselves up financially and purchasing an investment property that will eventually become their principal place of residence when they return. There are a number of home loan options for first-time buyers who happen to be expats. It’s important to consider the type and nature of your income and you’ll also be unlikely to qualify for the first home buyer exemptions and bonuses as they are predominantly focused on owner-occupied properties, although this can work in certain circumstances.

In this week`s Q&A, we will address a question from one of our viewers who has been looking to buy a property in Sydney for the past 3 years but has yet to succeed.

It can be pretty disheartening and frustrating when you`re unable to find what you`re looking for. We understand how challenging the Sydney property market can be, and there could be several underlying reasons why you haven`t been able to find the right property yet.

Please don`t hesitate to contact us if you have any further questions or need additional guidance.

#sydney #opportunity #supply #demand #investingtips #strategy #investment #aussieexpat #australia #finance #wealthcreation #advice #realestateaustralia #value #property #financialfreedom #personalfinance #inspiration #mortgage #dreamhome #success #growth #investor #propertyprices

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In this week`s Q&A, we`ll focus on a question sent in by one of our viewers. The question at hand is whether the land tax will have any impact on their investment choices. It`s a valid concern and one that requires some analysis to make an informed decision based on individual circumstances.

If you need further clarification or guidance on your specific situation, please don`t hesitate to contact us!

#strategy #investment #aussieexpat #australia #finance #wealthcreation #opportunity #tax #financialplanning #advice #realestateaustralia #land #investingtips #value #property #financialfreedom #personalfinance #inspiration #mortgage #dreamhome #success #growth #investor #propertyprices

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In this week`s Q&A, we will tackle a question from one of our viewers about obtaining a mortgage as a foreign citizen in Australia. It can be tricky to navigate the finance system as a foreigner, but there are options available to you.

Understanding the requirements for obtaining a mortgage in Australia and any potential hurdles you may face is essential. Don`t hesitate to contact us if you need further clarification or have specific questions about your situation.

#australia #sydney #brisbane #queensland #finance #investment #future #goals #dreamhome #mortgage #advice #homeloans #firsthome #aussieexpat

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In this week`s Q&A, we will answer a question from one of our viewers.

"Will the interest in inner city apartments decline over the medium term?"

Let`s look at different markets and other characteristics for a better indicator. It`s essential to consider various factors, such as demographics and economic trends.

Don`t hesitate to contact us if you need further clarification or have specific questions about your situation.

#australia #economy #trends #investment #buyingahome #newhome #advice #tips #property #cbd #value #mortgage #finance #australianproperty #home

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