All Topics / General Property / FHOG – Expat eligibility

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of Matt LMatt L
    Member
    @matt-l
    Join Date: 2008
    Post Count: 2
    April 3, 2008 - 12:30 pm

    Hey all,

    I'm new to this forum so here goes.

    1) Does anyone know if you are eligible for the FHOG if you arrange your finance whilst abroad.(ie expat product from Comm bank) 

    I am an Australian citizen working in London.

    Kind regards,

    Matt

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 4, 2008 - 6:55 am

    I don't think finance comes into it. As long as you will live in the property during the first 6 months you should be ok.

    But if you were to live in Australia, would you still meet the requirements of the CBA loan? ie if it is a foreign currency loan, you may have to be earning an income in that currency.

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

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.