In short YES, if you live and work overseas you can obtain a loan to purchase investment property back in Australia.  There will be a few more steps involved in the process to verify your income however we can work with you on this to help make it as easy for you as possible.  Keep in mind if you are not an Australian Resident you will most likely need approval from the Foreign Investment Review Board.

One of our clients was an Australian Citizen and had purchased an off the plan inner city apartment in Melbourne a few years ago.  She was referred to us to help her finalise her finance as settlement was due in a few weeks.  Some Lenders have restrictions on inner city apartments adding to the difficulty that some lenders have restrictions on overseas income.  As the property was for investment purposes we also had a discussion on what would be the best loan structure for her going forward.  It was not only a matter of finding the right lender that was prepared to honour the loan, but we also strive to get the best possible rate.

We were able to present to the client a few options and we worked together to decide on the best loan option for her.  Following on we facilitated the process through the use of technology to ensure the correct documents were both provided and signed.

Ultimately our client now has her first investment property in Australia and continues to enjoy her career overseas.

If you live and work overseas and would like to purchase property in Australia, please CONTACT US or complete the form below and we’ll get in touch with you.