Investing in Australian Property as an Expat: What You Need to Know

For many Australian expats, buying property back home is a way to stay financially connected and build long-term wealth. The good news is that as an Australian citizen living overseas, you can still buy property in Australia—without the same restrictions that apply to foreign investors.

But there are some important things to consider around lending, tax, and how you’ll manage the property from abroad.

Can Expats Buy Property in Australia?

Yes. Australian expats do not need Foreign Investment Review Board (FIRB) approval and can purchase a wide range of property types.

You can buy:

• Existing homes

• New developments and off-the-plan properties

• Investment properties

• Vacant land (as long as it will be developed)

FIRB rules may still apply if you’re on a temporary visa or buying with a non-resident partner.

How Do You Finance an Australian Property from Overseas?

Financing can be more complex when you’re not living in Australia full time. Lenders treat offshore borrowers differently, and policies vary between banks.

Key points to consider:

• Deposit requirements are usually higher (typically 20–30%).

• Overseas income is assessed more conservatively and must be in an accepted currency.

• Not all lenders offer expat home loans—brokers who specialise in expat lending can help.

• Exchange rate fluctuations may impact loan repayments if you’re earning in a foreign currency.

What Are the Tax Implications for Expats?

Australian property remains taxable even if you’re living abroad. That means rental income, capital gains, and certain land tax surcharges may apply.

Here’s what to watch:

• Rental income is taxed in Australia and may need to be declared in your country of residence.

• Capital Gains Tax (CGT) applies when you sell the property, and expats may not qualify for the main residence exemption.

• Land tax surcharges can apply in some states for non-residents.

• Negative gearing benefits may still be available if you have other taxable income in Australia.

Legal Considerations and Ownership Structures

While expats have fewer restrictions, joint purchases with non-residents may trigger FIRB requirements. It’s also worth exploring ownership structures like trusts or companies, though these may have different tax implications.

Be sure to:

• Engage an Australian solicitor or conveyancer.

• Check whether your structure affects borrowing or tax.

• Get clarity on local property laws and your obligations as a landlord.

How to Manage Property While Living Overseas

Good property management is crucial if you’re not physically in Australia. You’ll need a team you can rely on and systems that give you visibility.

Key strategies include:

• Appointing a professional property manager to handle rent, tenants, and maintenance

• Setting up online access to banking and property portals

• Watching currency trends to manage expenses and repayments effectively

Is Australian Property Worth It for Expats?

Despite some added complexity, property investment remains attractive for expats. The long-term benefits of owning real estate in a stable and appreciating market make it a smart move for many.

Benefits include:

• Exposure to a stable property market

• Strong rental demand in key regions

• Diversification away from offshore assets

• Security if you plan to return to Australia in future

Investing in property as an expat offers opportunity—but only if approached with the right knowledge, planning, and support. From finance and legal considerations to tax and property management, a structured approach can make all the difference.

Thinking about buying property in Australia as an expat? Book an investment session with PropVest today.