Tag: Expats
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Annandale – NSW
Annandale is about 1.5 square kilometres in size, a small family friendly suburb situated in the inner-west precinct. Its nine parks take up almost 6% of the total land area, with a portion of the north backing onto the Rozelle Bay. In 2011, 8,668 people lived in Annandale. In 2016, there were 9,456 people living…
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How to purchase a property as an Australia expat in 2023
As we head into the new year of 2023 many Australian expats have the goal of purchasing a property back in Australia, either as an investment property or as a future principal place of residence or owner occupied property. In 2022 we saw an increase in the central cash rate from 0.10% to 3.10% by…
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RBA August 2022 Cash Rate Decision
The RBA Board decided at its August meeting today to raise the cash rate target by 50 basis points, to 1.85%. It also raised the interest rate on exchange settlement balances by 50 basis points, to 1.75 percent. The Board’s top priority is to get inflation back to between 2% and 3% over time while…
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What does my mortgage have to do with a HELP debt?
This article will explain what the HELP programme is and how the amount you owe and how much you pay back affect your take-home pay and your ability to get a new mortgage. What is the Higher Education Loan Program (HELP)? The HELP programme is a loan programme run by the federal government to help students pay…
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Queensland Land tax and interstate property changes
Effective June 30, 2023, the Queensland government is changing the calculation method for how they levy land tax on the value of Australian land. Simply put, this is a tax grab by the Queensland Government. I am sure they will dress this up on how the additional revenue will assist Queensland residents, but this is a lazy…
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RBA June 2022 Cash Rate Decision
The RBA concluded their June meeting and have increased the central cash rate by 50 basis points to 85 basis points. This is on the back of their May meeting of increasing by 25 basis points. First increase in 10 and ½ years and now back to back increases. It certainly looks like the RBA…
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5 Tips for US Expats Applying for a Mortgage in the US
Work with a mortgage advisor who has experience funding loans for expats. Preferably a lender who is able to do the program in-house with their underwriting/funding team. Conventional FHFA guidelines do allow for qualified foreign income that is recorded on your US taxes but some companies/banks have ‘overlays’ that don’t allow them to use foreign…
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How to Get a US Expat Mortgage as a US Citizen Living Abroad
How to get a US expat mortgage as a US citizen living abroad
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Getting an Australian Mortgage whilst living in the UK
This article will explore how you can obtain an Australian mortgage whilst you are living in the UK. Perhaps you are an Australian expat, married to a foreign national or a non-resident looking to invest in Australian property. This article will discuss the implications of GBP foreign income you generate and the impact on your…
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Getting an Australian Mortgage whilst living in the USA
This article will explore how you can obtain an Australian mortgage whilst living in the USA. Perhaps you are an Australian expat, married to a foreign national or a non-resident looking to invest in Australian property. We will also discuss the implications around the type of USD foreign income you generate (this can be W2…