Being an expat and managing your finances overseas

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Record numbers of Australians are leaving to live and work overseas. Expat lending specialist Alfred Moller has five top tips for Australians who have made the move. According to the Australian Bureau of Statistics, in the year ending 30 June 2018, 289,000 people left Australia to live overseas, an increase of 12,200 from 2017, the

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Expats: Tips for people preparing to work offshore

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There are many things to consider when planning to move overseas for work. It can be a daunting task to get your affairs in order and the following tips can ensure your financial and property affairs are taken care of before leaving Australia. Six tips to review before becoming an expat 1. Researching suitable schools

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Over 100,000 expats could be affected by proposed CGT change

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A knee-jerk reaction from the Federal Government, says expat adviser. “The Federal government’s proposed scrapping of the capital gains tax exemption for Australians residing overseas is predicted to affect over 100,000 expats. The proposal is considered by expats to be the most lucrative government ‘cash grab’ this decade,” said Alfred Moller, Expat Lending Specialist at

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Comment on CGT review of main resident exemption for non-residents

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Given the recent Liberal leadership spill, perhaps it’s wise to revisit the scrapping of the Capital Gains Tax (CGT) main resident exemption for non-residents. The exemption is currently sitting 29th in the queue of legislation yet to be discussed, however the current political climate causes further uncertainty. Scott Morrison officially took office on the 24th

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Need to measure household expenditure accurately for lending purposes

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In light of the Royal Commission there has been much scrutiny towards the banks and by mortgage brokers. One of the key findings within the Royal Commission is the lack of verification of customer living expenses from mortgage brokers and the acceptance by the banks. The banks have always used a combination of the Household

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Expat borrowing for Australian property

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Many expats first contact their bank directly, only to be told it can’t be done. Often this creates an assumption that if their bank does not lend to expats, then no bank does. Alfred Moller from Omniwealth disagrees and suggests that expats work through the following points before applying for a loan: Lending policies can

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