Expat in Japan looking for a home loan in Australia

Any general questions you might have in regards to loans and finance.
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Otto Dargan
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Re: Expat in Japan looking for a home loan in Australia

Post by Otto Dargan »

Hi amira and welcome to the forum.

Lenders allow Australian citizens living in Japan to buy real estate in Australia or they can even refinance their existing home loan. However, expatriates may have great trouble meeting the requirements to get their loan approved. You need to be careful of the following before applying for a home loan:
  • Some lenders may need to see your original payslips, tax returns, and other documents prior to loan approval.
  • If you choose a lender that does not have a specialised loan processing system then you may face significant delays. So, it’s recommendable that you find a lender that can handle foreign addresses or foreign phone numbers.
  • Many lenders may not approve a loan for an Australian expat for more than 80% of the property value.
  • Some lenders may require you to sign a formal loan offer at the nearest Australian consulate.
  • Some lenders may not accept Power of Attorneys (POAs).
Cheers,
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: Expat in Japan looking for a home loan in Australia

Post by Otto Dargan »

Hi amira,

Simply no! You needn’t pay more interest for an Australian home loan just because you’re in Japan. We can even help you find a lender that will agree to give you a substantial discount below standard bank rates.

Australian expats living in Japan can access all of the same home loan features as a normal Australian resident such as redraw, the ability to make extra repayments, an offset account, and a line of credit.

In addition, Japan is one of Australia’s biggest trading partners and with the Japan Australia Economic Partnership (JAEPA) coming into effect from 2015, most banks readily accept Japanese Yen (JPY) for a mortgage.

Our mortgage brokers are here to help you choose a package that will allow to best manage your mortgage. Please contact us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form.

Cheers,
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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