Foreign income calculator
Discover if the bank will accept your foreign income
Why invest in Australian property now?
Did you know that you can borrow the same amount as an Aussie residing in Australia? You’re also exempt from all government fees or surcharges such as foreign stamp duty.
- Expat lending policies might change in the future, making it difficult for you to qualify.
- With the Australian property market expected to rise shortly, lending criteria for non-residents and expats are likely to change soon.
- Even if you qualify for the same interest rate as an Australian citizen living in Australia, each lender has its own list of acceptable countries and currencies.
- You can save around $6,300 on the Foreign Investment Review Board (FIRB) approval as an expat when you’re buying a property worth less than $1 million.
A lender on our panel accepts all currencies. Policy is subject to change.
Qualifying for a home loan as an expat investor
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Borrow up to 90% of the property value:
You are eligible to borrow as much as a citizen living in Australia even if you’re overseas.
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Income shading:
Your employment status and currency will affect your borrowing power as lenders don’t typically assess 100% of your foreign income.
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Payslips or tax returns to prove foreign income:
If your payslips or foreign tax returns aren’t in English, most lenders have specialist non-resident departments with staff that understand most common languages, so it’s not normally an issue. A lender on our panel accepts bonus and commission incomes as well.
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Choose a lender that accepts your situation:
We know specialist lenders who can assess your situation without causing you headaches.
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Income shading:
Your employment status and currency will affect your borrowing power as lenders don’t typically assess 100% of your foreign income.
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Discuss Rate With An ExpertHow does Home Loan Experts stand out in expat lending?
Expat lending is a complex area and not many lenders deal in this space. In fact, there could be a few complications while applying directly with a lender. Choosing the right expat mortgage broker is the key!
- We’ve lent more than $5 billion Australia-wide.
- We have access to over 50 lenders including major banks and specialist lenders, some of which can help you
- We keep you updated on any changes to their borrowing power calculators and policies for Aussie expats.
Don’t believe us, hear from our customers
They had a good understanding of different banks and their offering to doctors (e.g., 90% or 95% LVR without LMI, contractor requirements, etc.) They were able to negotiate a very competitive loan, which was complicated by factors such as maternity leave. Would highly recommend!
The whole team has been fantastic to work with throughout the entire process. Nothing was too much trouble for them and they did everything they could to find the best mortgage deals for us. Great follow-ups, accountability and clarifying of information. Will definitely use this team again and would highly recommend HLE to anyone.
My family and I would like to thank Home Loan Experts for assisting us in securing a home loan and realising our dream of purchasing our first home in Melbourne. They are very professional and gave sound advice throughout the journey. Thank you to the broker and their team.
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