The Best of Aussie Expat Loans

The most important aspect of Australian finance for expats is their tax. Tax planning can make a significant difference to the financial situation of expats. The following strategies will help you to manage your finances for those who are working outside Australia. 

Non-resident Australian citizens living overseas (expats) who would like to apply for a home loan to buy real estate in Australia or to refinance a current home loan secured by an Australian property. Thousands of Australian citizens that have moved overseas continue to invest in the Australian property market.

Some still have familial links to certain locations and others simply want to invest in a country with a booming economy and great infrastructure. Through the Aussie expat loans the Australian expat can borrow 80% of the property value: If you do not have sufficient documents to prove your foreign income then your borrowing may be limited to 80% of the property value. If you are in a good financial position, have a high income and stable employment, you may be eligible to borrow between 90-95% of the purchase price. This applies to non resident Australian citizens, Australian expats living overseas that are married to a foreign citizen or those that are currently living in Australia or New Zealand and intend to move overseas at a later date.

The Aussie expat finance always charges higher interest rate unless you can't provide evidence of your foreign income. A few banks will not offer you the same discounts as people residing in Australia however we can often successfully negotiate a substantial discount below the Bank Standard Variable (BSV) rate.

Most non-residents looking for a home loan will need to provide a 5% deposit and have enough funds to pay for stamp duty and other expenses. This deposit must usually be in the form of genuine savings, or it may not be accepted by lenders. If you have a larger deposit or already own real estate in Australia then you may not be required to prove any genuine savings.

If your payslips or foreign tax returns are in English then these can be provided as evidence of your income. Several of our lenders have specialist non-resident departments with staff that understand most common languages, so even if your documents require translation this is not normally a problem.

The Property Investment Australia lenders can accept a letter from your employer as evidence of your income if you are borrowing no more than 80% of the value of your property. This can simplify the verification process if you work in a country where formal written payslips are not normally provided. Choose your lender carefully! The main problem faced by most Australian expatriates is that they have great trouble meeting the requirements to get their loan approved. Some banks need to see your original payslips, tax returns and other documents prior to loan approval. There can be significant delays if you choose a lender that does not have a loan processing system that is designed to handle foreign addresses or foreign phone numbers. In this a professional company who are experts will guide you through the process. So be tension free and take their expert guidance.