Living overseas, buying in Australia: a guide for Aussie expats

Let me tell you about an area that I’ve been spending a lot of time in lately: helping Australian expats living overseas get home loans to buy Aussie property.  If you are an Australian expat and are wanting specialised help with funding for the purchase of a property in Australia, let me help you.

Let’s tackle this from the scary end: what stops you getting a loan for this?

1.      You’re no longer an Australian tax resident.

2.      You’re paid in a country or currency that is not accepted by the lender.

3.      You don’t have enough deposit, or if you need Lenders Mortgage Insurance you don’t meet some of the criteria.

4.      The lender didn’t understand the nuances of your situation. If the application is not great, your chances are not great.

5.      Your income is ‘shaded’ too much, so on paper you can’t afford the repayments.

6.      You haven’t been with your employer long enough.

These are some reasons for hurdles in the application process, or sometimes a decline. But we go to a lot of trouble to avoid that happening.

We talk to you over a Teams meeting to get the full picture of your financial situation, wants, and needs. Then we make a nice, neat application that gives you the best chance at a loan approval.  We work fast and thoroughly, and this is an area where we are confident. You are in safe hands.  Having been expats, we get you.  It’s very rewarding for us to help lower your stress in a nerve-racking time: buying a home from overseas in an insanely fast market, where time is of the essence. 

We have put together a downloadable checklist, “Living Overseas, Buying in Australia: A Guide for Aussie Expats”, so drop me a line & I’ll send you a copy.