Investing In Australia As An EXPAT Posted on April 27, 2019April 27, 2019 by Arjun Want our top tips for finding investment properties that PAY YOU? The top eight strategies to consider when searching for positive cashflow investment properties What a positive cashflow property looks like ‘on the books’. In other words, you’ll see an example cashflow analysis clearly demonstrating HOW a property can pay YOU every week And much more. Get Your Free “Positive Cashflow Property Checklist” Transcript Investing as an Expat. When you’re looking to invest as an expat in Australia, there must be so many questions going through your mind. How much money do I have to have to make sure I’ve got the right deposits? Can the bank really help me borrow with my situation at work? Can the bank even understand the country and the pay slips I’m in if they’re in a different language? Maybe other considerations come to mind of I should just wait until I’m back in Australia so I can bring the money and see the property when I’m there. So many things that are coming to mind. Well, I can even throw more to you. Well, what if I’m not sure how long my job contract is there and I don’t even know if I should buy just yet? Or maybe I don’t even have the time to travel and research. I’m in an overseas market in a new working environment and the job and work/life balance might be difficult for me to contact the agents in a different time zone. So there’s so many things to consider when you’re looking to invest in property as an expat, but there are some advantages, too. Most expats usually travel overseas for various reasons, but a common one that we see here at InvestorKit is that people travel because they’re looking for an opportunity that’s improved in their working life or to experience a new culture and work and live there as well. But in most countries, there’s a lot of restrictions and limitations when it comes to investing. Things like you can’t even invest in that specific country or when you borrow in that specific country, they charge you much higher rates as an international investor, even though you live and work there. With these disadvantages, some countries have them, some countries don’t. That just makes you uneasy, because you might not even know how long you’re going to stay there and you suddenly buy property or investments there as if you’re going to stay there. So this is when investing as an expat comes into play. If you’re investing as an expat, there are some things for you to know. There are buyer’s agents out here who can support your journey from end to end and help you understand, work on your time zone, understand the differences between investing in Australia versus there as well as help you through that end to end journey in securing the right property. Other parts are there are accountants who actually even understand international tax laws or actually can work closely with international accountants to be able to make sure that both parties are aware of how you might be taxed, depending on the country you’re in, the income that you earn, and the investment property in Australia. Other things to consider are there’s actually banks that can lend you up to 80% of your property value, even more when you’re as an expat. And there are countries that have different tiered rankings. Some countries have a tier one ranking and then there are different layers. What this really means in simple terms is how much percentage of the income is the bank willing to consider to borrow against? Some might say, “Well, your income is 10,000 US dollars per month. We’ll only take in 8,000.” Some might say, “It’s 10,000 US dollars per month. We’ll take in 9,000.” These different banks will offer different things, so it’s important to have a broker or a banker that’s specialized in supporting expats. If you’re looking to invest in Australia as an expat, you can actually invest here and have all the necessary support available so you don’t feel that you’re working overseas, living overseas, missing family, but also missing out on investing. That’s it for us here at InvestorKit, the experts in wealth creation, helping you take action.