Re: Potential issues I may face as an Australian expat working in Dubai
Posted: Thu Apr 25, 2019 5:56 pm
Hello Genevieve. Welcome to the forums.
There are certain issues you need to be aware of when you’re refinancing an investment property to purchase another property especially for Australian expats working overseas.
You can cash outup to 80% of the value of your current investment property ($480,000) to use as the deposit to buy another investment property.
Give us a call on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or fill in our free assessment form to find out if you qualify for an Australian mortgage.
Cheers,
There are certain issues you need to be aware of when you’re refinancing an investment property to purchase another property especially for Australian expats working overseas.
You can cash outup to 80% of the value of your current investment property ($480,000) to use as the deposit to buy another investment property.
- You’re earning in United Arab Emirates Dirham (AED) as such some lenders will use Australian tax rates when assessing your income rather than the tax rate of the country that you’re living in which can reduce your borrowing power. There are some lenders who will use foreign tax rates which will allow you to borrow more.
- You will not have negative gearing benefits.
- Loaded repayments on your foreign loans.
- Most lenders will use somewhere between 60% and 90% of your actual foreign income.
Give us a call on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or fill in our free assessment form to find out if you qualify for an Australian mortgage.
Cheers,