Services
Why Use Expat Property Planners?
We understand that everyone’s needs and financial situations are different, so the first thing we aim to do is identify what property is right for you. Once these has be done, we then analyse your cash flow and explain the relevant financials using an easy to read spreadsheet.
This will allow you to comprehend:
- Affordability
- How may tax credits you can be expected to accumulate
- The potential for capital growth
We also explain the process at settlement and how we will efficiently manage the property to ensure it is kept in outstanding condition and that you have a suitable tenant. We currently manage over 350 properties in the Melbourne Metro Area, meaning we have access to a large database of qualified tenants. Once the financials are understood we assist in the following:
Property Selection And Buyer Advocate
Once we establish affordability, we present a selection of properties that fit within your budget. We consider items such as equity, your expected time-frame overseas, additional assets and whether your plan includes further property investment. We then provide a detailed spreadsheet for each recommendation.
Construction Reports And Photos
Regular photographic reports and updates will be provided to you via email on your property up to the date of settlement.
Solicitor and Legal Representative
Most clients already have an accountant or solicitor in Australia, but if you don't we can assist with legal representation experienced in “off the plan” purchases. One of the great benefits of buying property in Australia as an expat or a foreign national is that Australian consumer laws and regulations cover you for purchases. These laws are designed to protect the consumer.
Facilitate and Liaise With Australian Paperwork
With your approval, we act as your representative with any paperwork required to facilitate the transactions. You will be consulted on all decisions plus all conversations and transactions will be confirmed via email.
Finance Options
Once you've selected your property you can secure it with a $1000 fully refundable 30-day deposit (to be paid into our Macquarie Bank Trust Account). This allows time for your solicitor to read the contract and secure all finances. If you don't already have a relationship with a bank back home, we can arrange an independent financier that specialises in loan requirements for expats and foreign nationals. They are able to use any of the 'Big Four Banks' so you can be sure the rates offered are the same or better then you would have back home. All transactions are transparent and governed by Australian banking regulations.
Final Inspection
Most foreign nationals and expats are not able to be present Australia prior to settlement for a final inspection. We’re able to conduct the final inspection on your behalf and provide photographs and a written report if necessary.
Property Management
We currently manage over 350 properties in the Melbourne Metro Area. This ensures that we always have a bank of qualified tenants and experienced property management staff. We will oversee the appointment of a skilled property manager to ensure you receive the best rental return and that your capital investment is physically and financially secure.
Property Valuation Review
Each year we will provide you with an up to date market appraisal. This allows you to determine if you have enough equity to consider investing in another property. We can then build a portfolio based on this information.
Why Property Is The Perfect Investment?
It’s a well-known fact that the vast majority of wealthy people own investment properties!
When applying for a loan the first question the bank asks is “Do you own property?”
Property is a sound investment and excellent security for future borrowings.
Why is property such an attractive investment?
- Excellent capital growth
- Passive income
- Reduce tax liability
- Expats can accumulate tax credits (Approx. $75,000 in 5 years)
- Security for retirement
- Forced savings or children’s education
- Stay abreast with inflation while abroad
Why Do We Like The Melbourne Market?
The law of supply and demand determines the price of all commodities and property is no different. In rural areas the supply of land is endless, employment is low and there is no demand, therefore the value of property and the capital growth is low. As we are near the city, employment opportunities increase and the population expands, meaning there is more pressure on the market. Melbourne's population is now only 200,000 behind Sydney, with approx. 110,000 migrants choosing Melbourne as their new home each year. Melbourne has also been voted 'The Most livable City In The World' 7 times!
Why Choose The Inner City?
The most active areas for investment properties fall into the 7km belt, located on the inner city fringe. In these areas the streets are well established and infrastructure is already in place e.g. transport, schools, shopping centres, sporting facilities etc. Inner City properties offer:
- High rental return
- Stability in the market
- Excellent capital growth
- High rental demand
- Quality of housing
- Proximity to the CBD and employment
Whether you're already enjoying the expat lifestyle or you've just secured an overseas posting, ensure you keep up to date financially while abroad. Most expats cease contributing to their Superannuation when they board the plane, and unfortunately the money saved while abroad doesn’t have the same buying power it did when they left. By not keeping up with inflation back home while working abroad, there is a good chance these years will come at a financial cost in the future.
Complete the details here and receive the self assessment form free to work out if you qualify to start a portfolio: