Obtaining a Mortgage in Sydney

 

There are many lenders including banks, credit unions and non-bank lenders operating in the Australian property market and offering finance to purchase Australian property.

Of these lenders, they will have many different loan products with their own features and benefits, some of which are more appropriate to different objectives. Navigating the finance and product options is time consuming trying to work out what is best for you.

Alycia and the team at Stoneturn Mortgages have written a guide to assist with the complexities of choosing the best option including:

  • Understanding the Finance Process
  • Pre-qualification and Credit Advice
  • Pre-Approval
  • Valuations
  • Post Settlement

To read this guide click here:

KCG Partners joins Expatland’s Budapest E-Team

 

Leading Hungarian law firm KCG Partners has joined The Expatland Global Network. The firm will provide legal assistance to the Budapest E-Team’s clients.

KCG Partners provides a comprehensive range of legal services to international and local clients seeking local knowledge with a global perspective. The firm has a wealth of regional knowledge in corporate law, M&A, projects and energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

The Expatland Global Network is made up of Expatland Teams (‘E -Teams). Operating at a city level, they have essential local knowledge and insight. They cut through complexity and drill down to the issues that are relevant to specific locations.

John Marcarian, founder of the Expatland Global Network, says, “KCG Partners are truly global and understand the issues expats face in their business and personal lives when moving to another country. The range of services available to our expat clients is extensive and we’re confident KCG can assist in any legal matter.”

Gabriella Gálik, Partner, KCG Partners, comments, “The Expatland Global Network offers the perfect balance of ideal partners and potential clients, two elements that we’re eager to expand on.

Our global knowledge means we all have international educational and professional backgrounds and we look forward to helping expats coming to Budapest.”

‘Expatland’ origins

Expatland began as a book, written in 2015 by John Marcarian, as a result of John’s personal expat journey. Its focus was to help expats plan their move overseas.

E-Teams around the globe

The Expatland book was just the start. To solve the problem of lack of support for would-be expats, John has launched the Expatland Global Network in 2018.

The Network is expanding rapidly. There are now E-Teams in Sydney, Melbourne, Auckland, Prague, Budapest, Hong Kong, London and Singapore. With best-in-practice members recognising the importance of this service, many more will follow.

Businesses interested in joining an E-Team in their city can get in touch with Expatland: http://www.expatland.com/contact/

Expatland Launches Prague E-Team with EIBD as Group Leader

Leading Czech accountants EIBD have joined Expatland’s Global Network.

The firm will provide accounting services as well as business and personal tax advice to the Prague E-Team’s clients.

EIBD accounting and finance specialises in working with international corporations, helping clients face challenges by offering comprehensive advice on how to use opportunities and minimise risks. EIBD currently serves over 250 clients.

The Expatland Global Network is made up of Expatland Teams (‘E -Teams). Operating at a city level, they have essential local knowledge and insight. They cut through complexity and drill down to the issues that are relevant to specific locations.

John Marcarian, founder of the Expatland Global Network, says, “We are delighted that Luděk and his team have joined the Expatland Global Network and will lead the newly formed Prague E-Team in the Czech Republic. It’s an exciting time for Expatland as we expand our network worldwide.”

Luděk Barták, Managing Partner, EIBD, comments, “The Expatland Global Network is a growing force in international business. When we met John Marcarian and understood his vision for the future of the organisation, and the mission to assist expats on the move across the world, it linked very well to our work with international corporations. We’re proud to be leading the Prague E-Team here in the Czech Republic.”

‘Expatland’ origins

Expatland began as a book, written in 2015 by John Marcarian, as a result of John’s personal expat journey. Its focus was to help expats plan their move overseas.

E-Teams around the globe

The Expatland book was just the start. To solve the problem of lack of support for would-be expats, John has launched the Expatland Global Network in 2018.

The Network is expanding rapidly. There are now E-Teams in Sydney, Melbourne, Auckland, Prague, Budapest, Hong Kong, London and Singapore. With best-in-practice members recognising the importance of this service, many more will follow.

Businesses interested in joining an E-Team in their city can get in touch with Expatland: http://www.expatland.com/contact/

Expatland Set to Become the 3rd Most Populous Country

 

Have you ever considered moving permanently to a new country? If the answer is yes, you’re far from alone. A new poll reveals that 15% of the global population – over 750 million people – would migrate if they could.

While conflict, famine and natural disasters have driven many people from their homelands, there are also many other reasons for seeking a new life elsewhere, including economic opportunity.

A recent Gallup World Poll survey reveals that the desire to migrate has increased in developed regions like North America and non-EU member states in Europe.

Who’s on the move?

In North America, the number of people favouring a move has risen dramatically in the last few years from 10 to 14% since the 2013-2016 period. Despite a strengthening jobs market, 16% of those surveyed in the US in 2017 told Gallup they wanted to live abroad, the highest increase recorded by the poll.

In the European Union – where citizens have the right to freedom of movement – the desire to migrate has remained unchanged since 2012 at 21%, while attitudes to moving in non-EU European states have stabilized recently following a rise at the start of the decade.

 

People in refugee hotspots continue to hope for a better future in another country. The poll shows the number wanting to move rising in Latin America and the Caribbean, the Middle East and North Africa, and sub-Saharan Africa, where ongoing armed conflicts, for example in Sudan, Syria and Yemen, are fueling the desire to migrate.

In poor countries from Haiti to Albania well over half of the citizens expressed a wish to move. The poll showed that 71% of the Sierra Leone population wanted to leave.

Where do migrants want to live?

The US remains the leading choice for would-be migrants and this has been the case since Gallup’s polls began over a decade ago. Despite the Trump administration toughening immigration rules, one in five migrants chose the US as their favoured destination in 2017.

 

 

Across the border, Canada is in second place – the top choice of 47 million potential migrants. Germany, in third, was the preferred destination for 42 million. Interest in the UK has dropped in recent years, with uncertainty related to the 2016 Brexit vote a potential factor.

According to UN figures, high-income countries attract the majority of international migrants, a trend accounting for 64% of the global total in 2017. Almost two-thirds (60%) of all international migrants opt for Europe and Asia.

Although the refugee crisis continues to dominate headlines, refugees and asylum seekers account for only 10% of global migrants. An estimated 84% of these people find refuge in low or middle-income countries.

Of course, not all those expressing a desire to move will actually become a migration statistic. And while migration adds to a population’s diversity and makes an important contribution to economic growth, not all host countries welcome new arrivals with open arms.

 

Source: World Economic Forum

Written by: Johnny Wood, Writer, Formative Content

Expatland Giving Back Event – Exodus

On December 19, Expatland Giving Back joined the Exodus Foundation in helping out their community.

It’s an opportunity dedicated to contributing to the foundation’s mission of helping the community’s less fortunate and spreading joy this holiday season.

It was a great day and the team is grateful for the chance to give back through their own way, making this event truly memorable.

 

 

Looking into Buying Trends in 2019

Australia is experiencing a dip in consumer confidence at the moment.

As we can see, we are still above the historical average. But what does this mean for the Sydney property market?

Retail credit is still hard to come by (except for Expatland service providers) but is the rest of the Sydney population thinking its credit crunch 2.0? 2008 was a decade ago now and many are saying that we may dip again below the trending average in 2019. The Sydney property market is watching 2019 through a lens of skepticism.

The political sphere is driving this down with a March state election where the Premier is not handling her team well while no-one knows the name of the opposition leader. What’s going to happen? I know that treasury is screaming from the reduced forecast of stamp duty revenue.

What are they to do?

Federally we have a new PM that wants to reduce population growth and an opposition leader that wants to run on the premise of getting rid of negative-gearing? Do any of our leaders really want to foster a growth environment again?

What I do know is this? Buy low. Sell high.

The increased interest in doing deals in Sydney right now on both residential and commercial property is rife. We are negotiating on several investment properties for our clients in which the developer needs to sell remaining product or product with settlement risk with a 5-15% discount. Additionally, our clients are capitalising on buying established home’s for repatriation due to the pressure on some homeowners to sell.

One Sydney expat client from Hong Kong called to get some advice as she was not scheduled to come back to Sydney for another few years but wanted to take advantage of the current market and find her home for retirement. Over the New Year period, three private inspections will happen via Skype.

So don’t let the consumer sentiment get you down, take advantage of the counter market cycle and use the Christmas and New Year periods to reflect and plan for the next year or years ahead.

 

Expatland to Develop First African E-Team in Nairobi, Kenya

 

The Expatland Global Network is expanding into Africa in 2019 with the launch of an E-Team in Nairobi, Kenya.

John Marcarian, founder of Expatland will be holding an invite only business lunch in Nairobi on January 16th to discuss setting up an Expatland Team, or E-Team, in the city with expat service providers.

The Expatland Global Network is made up of E-Teams operating at a city level, they have essential local knowledge and insight. They cut through complexity and drill down to the issues that are relevant to specific locations.

John Marcarian, founder of the Expatland Global Network, says, “Expatland launched less than a year ago, but we already have E-Teams across the world in Europe, North America, Oceania and Asia. Africa is our next target and we believe Kenya is a hotspot for expat movement and the perfect location for our first E-Team location on the African continent. I look forward to meeting expat service providers in Nairobi and introducing the Expatland Global Network.”

Does your business provide services to expats moving to Kenya from another country?

Come to the Expatland Global Network business seminar on Wednesday, January 16th in Nairobi to learn about our growing network and how we can help to drive leads for your business.

Contact Daphine Basima at Expatland daphine.basima@expatland.com with details of your business to be added to the Nairobi E-Team event invitation list.

‘Expatland’ origins

Expatland began as a book, written in 2015 by John Marcarian, as a result of John’s personal expat journey. Its focus was to help expats plan their move overseas.

E-Teams around the globe

The Expatland book was just the start. To solve the problem of lack of support for would-be expats, John has launched the Expatland Global Network in 2018.

The Network is expanding rapidly. There are now E-Teams in Sydney, Melbourne, Auckland, Prague, Budapest, Hong Kong, London and Singapore. With best-in-practice members recognising the importance of this service, many more will follow.

Businesses interested in joining an E-Team in their city can get in touch with Expatland: http://www.expatland.com/contact/ 

JP & JP Financial Services Joins Expatland’s Melbourne E-Team

 

Leading financial services company JP&JP Financial Services has joined The Expatland Global Network. The firm will provide financial planning services to the Melbourne E-Team’s clients.

JP & JP Financial Services Pty Ltd is a financial advice company that is not vertically integrated and does not have any in-house products. The team only selects the best financial products that suit their client’s needs with no conflict of interest.

The Expatland Global Network is made up of Expatland Teams (‘E -Teams).

Operating at a city level, they have essential local knowledge and insight. They cut through complexity and drill down to the issues that are relevant to specific locations.

John Marcarian, founder of the Expatland Global Network, says, “We believe that JP & JP Financial Services will be a key member of the fast-growing Melbourne E-Team. They specialize in making the process of transitioning as simple as possible for expats.”

Shannan Stevens, senior financial planner and head of business growth and development, JP & JP Financial Services, comments, “We want to be able to make the expat’s holistic experience as easy and satisfying as possible while complimenting the services offered by the rest of the Melbourne E-Team. Life and personal insurance is a complex area of financial planning and we are able to offer all the advice and services needed for expats.”

‘Expatland’ origins

Expatland began as a book, written in 2015 by John Marcarian, as a result of John’s personal expat journey. Its focus was to help expats plan their move overseas.

E-Teams around the globe

The Expatland book was just the start. To solve the problem of lack of support for would-be expats, John has launched the Expatland Global Network in 2018.

The Network is expanding rapidly. There are now E-Teams in Sydney, Melbourne, Auckland, Prague, Budapest, Hong Kong, London, and Singapore. With best-in-practice members recognising the importance of this service, many more will follow.

Businesses interested in joining an E-Team in their city can get in touch with Expatland: http://www.expatland.com/contact/

Temporary Residents – Australia’s Tax Concessions for Expats

A range of income tax concessions are available to individuals who become resident of Australia and who qualify as temporary resident.

Many have the impression that Australia is a very high taxing country with very few tax concessions.

While that may be true in many cases, Australia also has very generous tax concessions in relation to temporary residents.

Australia, being a worldwide tax regime, taxes its residents on their worldwide income.

This means that if you move to Australia any foreign investment income your have will be taxable here.

Can you be a “temporary resident”?

If you are the holder of a “temporary resident” visa, and provided your spouse is also not an Australian citizen or permanent resident then you will qualify as a temporary resident and you can take advantage of these generous concessions.

This would mean that you would not be required to pay tax on your foreign investment income in Australia, even if you bring that income in Australia.

It is also the case that you would only be subject to capital gains tax in Australia on a very narrow range of assets, which would typically only include Australian real estate investments.

Foreign sourced capital gains would not be taxable in Australia.

This makes Australia a very compelling jurisdiction for foreign nationals to move to on a temporary basis without having to worry about all the complexity associated with bringing foreign investment “on shore”.

However, if you move to Australia and then decide to become permanent resident or if your spouse becomes an Australian citizen then you would cease being a temporary resident for tax purposes.

Note that the definition of “spouse” includes a person who you are legally married to or who you live with on a genuine domestic basis as a couple.

If you have questions about your eligibility to this very important tax concession, please reach out to CST Tax in Sydney and we would be happy to advise you further.

Expatland Relocation – Ensuring Your Move Is a Success

 

Australia is a popular choice of destination for many expatriate families and even though it has language, cultural and lifestyle similarities to many other countries, moving to Australia is not without its challenges.

Moving home anywhere is widely known to be one of the most stressful experiences in life and so it is particularly important when moving across international borders to get professional assistance from a specialist International Moving company and/or Relocation Service Provider.  Australia is no exception.

Our E-Team member Nuss Relocations are experts in relocation services and has written a guide on helping you ensure your move is a successful one. This guide is a must read to help you alleviate the stress and complexity of your move.

To download the guide click here

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