Expat Australians with fixed-rate home loans expiring in 2024 are looking at the impact of interest rate rises on monthly repayments and refinancing options.
It’s a question on many Aussies minds: will rents keep rising? Australia's rental market continues to see rents surge in major cities and indications point towards a continued upward trend throughout 2024.
Several experts anticipate the Reserve Bank will begin lowering interest rates in the fourth quarter of 2024. So, if you want to enter the market, should you buy now or wait for mortgage rates to go down?
Are you looking to purchase a property in Australia? If so, you’ll likely need to take out a home loan and are looking for tips as a first-time borrower. By the end of this article, you should understand how home loans work in Australia and what factors you need to consider when taking out a loan.
Record property prices are proving to be good news for vendors, with 94.3% of all vendors in the March quarter selling their home for more than they'd originally paid, according to CoreLogic. That was the fourth consecutive quarterly increase and the highest share since 2010.
The Australian property market is growing briskly right now and has grown significantly since the pandemic. But the city-by-city performance has been more varied.
Many Aussie expats use their time overseas to accelerate financially. Here’s how Australians living abroad are buying property back home and building long-term assets. Moving offers higher earning potential, global career experience, and the ability to accelerate financially in ways you can't back in Australia. Expats also recognise something else- the overseas window is powerful, but it isn’t permanent. This naturally raises the question: "How do I make the most of that time whilst I am here?"
Rental yield often attracts the first attention, especially for Australians living overseas who want stable income from their property. But yield alone rarely reflects long term performance. The stronger approach is to balance income, capital growth potential, and your broader plans while living abroad.
TLDR SMSFs can work for Australians overseas, but only if strict residency rules are met. Most issues come down to control, contributions, and time spent abroad. If those break, the fund can lose its tax status.
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