The opportunity to purchase property more cheaply overseas has lured many potential buyers away from the Australian property market to overseas locations. Choosing the right financial institution to finance your overseas property purchase could ultimately save you money and time. Some of the major banks and lenders for instance have overseas branches and partners so you can borrow against an overseas property and organise transactions and paperwork with ease. However, some banks and lenders will not accept an overseas property as security.

Finance solutions for overseas property purchase

To find out which of Australia’s major banks and lenders offers a competitive finance solution that is right for your overseas property purchase, get your Loan Market mortgage broker to help. They can even help complete your application and negotiate a more personalised finance structure. Simply complete the brief form on this page or call +61 2 9249 3739 and we will contact you at a time that is convenient for you.

* First Name:
* Last Name:
* Best contact number:
* Email:
* Postcode:
* Where do you want to buy?
* What country are you in?
The best time to contact you:
Enter the characters as seen on the image (case insensitive):
* indicates mandatory fields

Purchasing overseas property with Australian Currency

If you are arranging finance to purchase a property overseas then you will have to take into account the exchange rate on currency transfers. Exchange rate fluctuations may result in gains and losses of around 10 per cent which will in turn impact on your purchase costs and the profit you would make on the sale of the property. Buying when the exchange rate is favourable would more than likely place you in a better position for any future sales of the property. For more on transferring Australian currency to purchase an overseas property visit our foreign currency page and use our foreign currency calculator.

Laws and taxation for overseas properties

The laws governing the sale and purchase of property particularly to foreign nationals will vary in every country. And if you are purchasing an investment property, you will need to ensure that you understand your legal obligations as a landlord. There are also an array of taxation issues that need to be dealt with as far as the Australian Taxation Office (ATO) and the taxation office in the country where you intend to make the purchase. To ensure that you have got all your bases covered, get your Loan Market mortgage broker to refer the right professionals to assist you in your purchase.