Whether you're an Australian expat, temporary visa holder, or foreign investor, purchasing property in Australia brings unique challenges. From navigating Foreign Investment Review Board (FIRB) approvals to managing foreign income and higher deposit thresholds, the process can be complex. That’s where specialised guidance makes all the difference.
1. Options for Expats & Non-Residents
Foreign citizens, Australian expats, and temporary residents can apply for non-resident home loans, though with stricter criteria and documentation.
Australian citizens living abroad may qualify for expat home loans with LVRs up to 80–90%—subject to income verification and lender policies.
2. Managing Foreign Income & Currency
Lenders often “shade” foreign income (using only 60–90% for serviceability) to buffer against exchange fluctuations.
Major currencies like USD, GBP, EUR, and NZD are typically accepted, though others may restrict your borrowing power .
3. FIRB Approval & Deposit Requirements
Foreign buyers must obtain FIRB approval before purchasing residential property. Deposits are usually higher for non-residents—typically 20–40%, though exceptions exist for high-net-worth borrowers.