Last Updated: 30th April, 2024

If you’re an Aussie living in Singapore and thinking about buying a property back in Australia, this article is for you. You could snag a loan worth up to 90% or 80% of the property value. And when it comes to getting the green light, whether you’re juggling dual citizenship or pulling in Singapore dollars, we’ve got your back. Check out our FAQs covering everything from interest rates to deposits and the documents you need. We also spill the beans on FIRB approval, stamp duty, and other things you should know. Discover how Home Loan Experts mortgage brokers can make completing your successful application easier with all the info here, including a real-life client story.

How Much Can I Borrow?

  • Australian citizens in Singapore may be able to borrow up to 90% of the property value.
  • Australian permanent residents in Singapore may be able to borrow 80% of the property value.
  • Get the same interest rates as an Australian citizen.
  • Some lenders will use the tax rate of Singapore, as opposed to Australian tax rates, which can greatly improve your borrowing power.
  • Loans available for purchase, refinance, investment property or to buy a house and land package.

Will I Get Approved?

  • If you’re a dual citizenship holder or you’re married to a foreign national, some lenders may unfairly treat you as a foreigner so choosing a lender that favours expats is essential to borrowing at the maximum Loan-to-Value Ratio (LVR).
  • If you’re earning Singapore Dollars (SGD) but you can’t provide sufficient documents to prove your foreign income, such as recent payslips, or tax returns, then you may be limited to borrowing up to 80% of the property value.
  • A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
  • Singapore has a private school system so lenders will include any school fees as a living expense when assessing your loan application.

Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our easy free online assessment form to speak with one of our mortgage brokers who can help you get approved with the right lender.

Which Lenders Can Help With Australian Expats In Singapore?

This calculator helps determine if you qualify for an expat home loan. It assesses the policies of our lenders to show you who might approve your mortgage to buy property in Australia.

Check if you qualify for a home loan as an Australian expat

Select your residency status.
Select your country
Select the currency you are earning in
Select what you are planning to do.
How It Works
  1. We will ask you a few questions in order to better understand your situation.
  2. The information you entered will be analysed by our smart assessment system.
  3. Find out if there are any lenders who may be able to approve your home loan.

What Do The Banks Think Of Singapore Dollars?

If you’re earning an income in Singapore dollars (SGD), there’s a good chance that we can help you get approved for a mortgage in Australia.

Not all lenders will accept 100% of your foreign income but we know a few lenders which accept 100% of your SGD income.

Singapore is a thriving regional business hub so it’s common for Australian expats to be working for large multinationals that may not originally be from Singapore and pay salaries in different currencies.

Many Australians living in Singapore may be earning an income in US dollars (USD), Great Britain Pounds Sterling (GBP) or even Euros.

Other types of currency may be accepted on a case by case basis so check out the Australian expat mortgage page for more information.

In 2012 alone, there were over 20,000 Australians living and working in Singapore. So, you can expect a spike in this number by now.

Australians Expats In Singapore: FAQs

What Other Factors Should Australian Expats In Singapore Consider?

Australian expats are often put in a difficult position because of certain lending requirements set by Australian lenders. Common problems that Australian expats living in Singapore face include:

  • Banks that ask you for your original payslips, tax returns and other documents prior to loan approval.
  • Lenders that don’t have a loan processing system designed to handle foreign addresses or foreign phone numbers which can cause significant delays in the loan approval process.
  • Lenders that don’t approve home loans that are above 80% LVR (Loan to Value Ratio).
  • Banks that need you to sign a formal loan offer at the nearest Australian Consulate by the lender.
  • Lenders that don’t accept Power Of Attorneys (POAs), a legal agreement that allows the attorney or agent to take legal actions on their clients behalf.

Fortunately, mortgage brokers at Home Loan Experts know exactly which lenders are favourable to Australian expats in Singapore. We are ready to help you through the process of home loan application – all the way through settlement and beyond!

Call us on 1300 889 743 (+61 2 9194 1700 if you’re outside Australia) or complete our free online assessment form to get a free assessment today.

Case Study: Aussie Expat In Singapore

The Situation

Meet Lisa, an Australian citizen living and working in Singapore looking to finance an investment property in Victoria.

She works as a senior marketing manager at a top cloud computing provider earning approximately SGD $150,000 p.a. plus company stocks in the form of a restricted stock unit (RSU).

She had already put down a 10% deposit on an off-the-plan unit and the settlement date was less than a couple of months away.


One of our specialist mortgage brokers first established Lisa’s goals, requirements and objectives.

Her main goals were:

  • Get approved for a $266,000 home loan with a 15-year loan term.
  • Stability of a fixed repayment by fixing the loan and reducing the risk of interest rate increases.
  • Get competitive pricing.
The Solution

Once all the documents were received, our broker performed a full assessment. The deal was comparatively straightforward.

A couple of suitable expat lenders who used Singaporean tax rates as opposed to Australian tax rates and who were currently offering competitive rates were recommended.

Once the deal was submitted, she got approved for the full loan amount and received a low cost (P&I) investment loan at 3.59% p.a. (2 years fixed) which reverts back to a variable product she opts for.

The home loan also came equipped with a 100% offset account, redraw facility and unlimited extra repayments (most fixed-rate products limit extra repayments to $10,000 only), which meant she had the option to pay off the loan faster.

Apply for a home loan as an Aussie expat!

Our mortgage brokers specialise in Australian expat mortgages! With access to an extensive panel of 50-plus lenders, we’re well-equipped to negotiate the best possible deal for you. But that’s not all. Our services are absolutely free, allowing you to focus on your dream home without worrying about additional financial burdens. Why wait? Give us a call at 1300 889 743 (or +61 2 9194 1700 if you’re outside Australia) or fill in our free online assessment form to connect with our passionate team.