Greetings,
I really need some investment help with strategy for wealth creation in real estate. I am concerned how my situation of no taxable Australian income affects the investment strategy.
I have no assets besides my cash savings or significant super and want to prepare for retirement in about 20 years or sooner.
Any help with the tax and investment strategy would be great and highly appreciated. I have been browsing this forum constantly for last few days and i am starting to get some idea of basics.
I would prefer that rentals cover the loan repayments in case the S#!t hits the fan with employment in asia.
Some details about me:
I am an Australian Citizen, (non resident for tax purposes).
I am early 40s.
I live and work in South East Asia. I have family around the Gold Coast QLD.
I have an Asian Wife with no Australian citizenship yet.
I have no Australian PPOR or other significant assets.
I have been with same employer for 3 years.
I pay no Australian Tax. Tax in the country I work is paid by employer.
I am paid about 8.5k / month.
I have very low expenses and can regularly save 6 k / month.
I have $150 K (USD) already saved to invest.
Money is liquid and only needs to be transferred to Australia.
My credit record is clear.
Thanks
I really need some investment help with strategy for wealth creation in real estate. I am concerned how my situation of no taxable Australian income affects the investment strategy.
I have no assets besides my cash savings or significant super and want to prepare for retirement in about 20 years or sooner.
Any help with the tax and investment strategy would be great and highly appreciated. I have been browsing this forum constantly for last few days and i am starting to get some idea of basics.
I would prefer that rentals cover the loan repayments in case the S#!t hits the fan with employment in asia.
Some details about me:
I am an Australian Citizen, (non resident for tax purposes).
I am early 40s.
I live and work in South East Asia. I have family around the Gold Coast QLD.
I have an Asian Wife with no Australian citizenship yet.
I have no Australian PPOR or other significant assets.
I have been with same employer for 3 years.
I pay no Australian Tax. Tax in the country I work is paid by employer.
I am paid about 8.5k / month.
I have very low expenses and can regularly save 6 k / month.
I have $150 K (USD) already saved to invest.
Money is liquid and only needs to be transferred to Australia.
My credit record is clear.
Thanks