Re: Expat looking to purchase an investment property | Give me the low down
Posted: Mon Jun 03, 2019 5:49 pm
Hello Warnie. Welcome to the forums.
Australian living overseas typically need 10% of the deposit plus additional costs to complete the purchase of the property. You can use our property purchase costs calculator to get an estimate of the additional costs involved as well as the stamp duty.
When borrowing as an expat living overseas, you’ll need to consider:
Cheers,
Australian living overseas typically need 10% of the deposit plus additional costs to complete the purchase of the property. You can use our property purchase costs calculator to get an estimate of the additional costs involved as well as the stamp duty.
When borrowing as an expat living overseas, you’ll need to consider:
- Currency: Hong Kong Dollars (HKD) is one of the preferred currencies of Australian lenders.
- Income shading: Most lenders will use 60% to 90% of your actual income
- Taxation: Australian tax rates even if you’re paying minimal or no tax at all.
Cheers,