Hi All,
Long time lurker on the boards here. I am looking for some information on the maximum LVR achievable for an Australian expat living in the UAE. From recent dealings with CBA (contract fell over today - c'est la vie), I was told that GE Money won't touch anyone who earns income in UAE Dirhams?
So I guess my question is, is it possible to achieve a 90% LVR on an IP purchase in Australia, if earnings are paid in AED?
A bit of background info on my situation:
- Working in UAE for three years, same company and role I previously worked in back in Brisbane (total of 4.5 years with the company)
- Salary is quoted in USD and converted to AED for payment. Allowances are quoted and paid in AED.
- Currently own two IPs at a combined LVR of around 78% (value $381k + $510k)
- My wife and I earn around a combined AU $270k + bonus (tax free) inc. allowances
- Looking to buy in Brisbane around $500k at 90% lend if achievable
Are there any brokers here who are familiar with this sort of situation that could offer any advice?
Thanks in advance!
Long time lurker on the boards here. I am looking for some information on the maximum LVR achievable for an Australian expat living in the UAE. From recent dealings with CBA (contract fell over today - c'est la vie), I was told that GE Money won't touch anyone who earns income in UAE Dirhams?
So I guess my question is, is it possible to achieve a 90% LVR on an IP purchase in Australia, if earnings are paid in AED?
A bit of background info on my situation:
- Working in UAE for three years, same company and role I previously worked in back in Brisbane (total of 4.5 years with the company)
- Salary is quoted in USD and converted to AED for payment. Allowances are quoted and paid in AED.
- Currently own two IPs at a combined LVR of around 78% (value $381k + $510k)
- My wife and I earn around a combined AU $270k + bonus (tax free) inc. allowances
- Looking to buy in Brisbane around $500k at 90% lend if achievable
Are there any brokers here who are familiar with this sort of situation that could offer any advice?
Thanks in advance!