Hi all,
I'm currently an Australian citizen (born here) living and working in Sydney. I am considering moving to the USA to work for the medium term (5-10 years), so during that time I'd be looking to return a lot of my money to Australia to invest (capitalising on what I feel will be a depressed AUD over the medium term).
Is it harder to get a loan for an investment property from an Australian bank when working overseas? How do the banks treat living overseas, being employed by a foreign company, and being paid in another currency (I feel that this would be the biggest issue). I'd be keen to work out the likely implications of the move before I commit to it. Thanks
I'm currently an Australian citizen (born here) living and working in Sydney. I am considering moving to the USA to work for the medium term (5-10 years), so during that time I'd be looking to return a lot of my money to Australia to invest (capitalising on what I feel will be a depressed AUD over the medium term).
Is it harder to get a loan for an investment property from an Australian bank when working overseas? How do the banks treat living overseas, being employed by a foreign company, and being paid in another currency (I feel that this would be the biggest issue). I'd be keen to work out the likely implications of the move before I commit to it. Thanks