Lenders generally allow Australian expats in Thailand to take out a home loan. However, expatriates may have trouble meeting the requirements to get their loan approved.
Also, note that Australia’s tax rate is higher than Thailand’s, so it may affect your borrowing power if Australian banks assess your income at those rates. We know some lenders who’ll use the tax rate of Thailand, as opposed to Australian tax rates, which can significantly improve the amount you could borrow.
As an Australian expat, you may be able to borrow up to:
- 80% of the property value, if you do not have sufficient documents to prove your foreign income.
- 90% of the property value, if you are in a good financial position, and have a high income and stable employment.
Cheers,