Forums / Getting Technical / Finance / Question regarding to using Foreign money

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  • Profile photo of StevenSteven
    Participant
    @steven1982
    Join Date: 2017
    Post Count: 155

    Hopefully not a silly question…

    What if an Australian investor invests very successfully overseas (for example in UK), and the investor gets very good positive cash flow, then turns his/her attention to Australia.

    It is possible to get loan in Australia by using the cash flow from overseas investing?

    Say, if someone invests in UK property successfully and gets 200K positive income even after tax per year (that’s almost 16K per month)…. in this case, would the Australian lenders say “nope, that’s not Australian local income, therefore no loan for you”?

    Would they say “nope, that’s not a payslip via a job, so no loan for you”?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,110

    Overseas rental income is taken into account here.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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