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Thisforumisalifesaver

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  1. Thisforumisalifesaver

    Releasing equity in UK to buy in Australia?

    Interesting article, their outlook is gloomy not just for Aus but for rest of the developed economies ... One thing I won't do is jump the gun and buy straight away in Melb. Yes indeed, there's an element of risk when buying in a falling market.. also depends how long you are planning on living in that property (short/long term) etc.
  2. Thisforumisalifesaver

    Releasing equity in UK to buy in Australia?

    Many thanks @Marisawright for your feedback! Yes tax implications and hassle is a big factor. Quite alot to think about and factor in indeed (amongst other important things like finding a job, settling in etc). Yes Melbourne is likely to be on the up again very soon and depends on the amount of influx on each suburb as well.
  3. Thisforumisalifesaver

    Releasing equity in UK to buy in Australia?

    Thanks @SusieRoo Option D is indeed also worth considering. I'm aware of the Aus housing market price drop but hadn't realised how much it's falling until after reading other posts who pointed to CoreLogic property values index. Am just mindful that I don't want to sell up my UK home immediately whilst we are in this Brexit turmoil until I absolutely have to. In the meantime exploring other options like using savings or releasing equity..
  4. HI all, Has anyone here ever released some equity in their UK property to buy a property in the UK? I just want to gauge everyone's opinion/experience on this whether it is an option worth considering or not for me. I recently was granted the PR (100), and intend to keep my property in the UK whilst gearing up to buy a property in Australia in the near future (once my wife & I are settled there with job/life etc, in the interim will be staying with the "outlaws" ). I'm keen to keep my property in UK for quite some time and have a fairly low LTV (Loan-to-value), and can scrape just about enough UK savings for say a 20% deposit in Melbourne. I just want to lay out all the options in case I have missed any, and pros and cons of each one: Option A: Rent out UK property; no equity release; use UK cash savings for a 20% deposit in Australia Option B: Rent out UK property; release some equity; use UK cash savings and cash from equity release for a bigger deposit in Australia Option C: Sell UK property; use cash from UK home sale for a outright purchase or large deposit in Australia The factors I've been thinking out loud are FX risk, tax implications, hassle (time and effort), interest rates UK vs Aus, Brexit ... etc. Thanks in advance for your valuable feedback!
  5. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Amazing news, congrats @lottyc!!! Hope the rest of the approvals start coming in for everyone who are still waiting, fingers crossed.
  6. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Thanks @CEP! your spreadsheet is awesome! and best of luck with the rest of you all , as it seems like the UK/London applications are starting to get approved thick n fast.
  7. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Thanks @LouFerg! I applied mi-June '18 (front-loaded). Did medical in early July. They requested further info mid-Nov.
  8. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Hey guys, just want to update to you all that I received the golden email received today woohoo The only slightly weird thing I found on my grant notification was that they granted me 100 straight away, i.e. what about the 2 year temporary 309 visa? Here are the dates FYI: Partner (subclass 100): Granted Date of grant 16 January 2019 For first entry, arrive by 03 July 2019 Must not arrive after 16 January 2024 Length of stay Indefinite from the date of each arrival Travel Unlimited until 16 January 2024. For travel after this date, apply for a Resident Return visa
  9. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Congrats @eurokaz such fantastic news!!!
  10. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Such good news! Congrats @ATE!! Let's hope the rest of us gets some good news too! I'm planning to move to Melbourne too (Kew) Hope your move goes well!
  11. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Amazing news - congratulations @TanC7!!
  12. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    @Jon the Hat which airline are you booked with and when are you flying? I just saw a deal today UK to various Australian cities on Jack's Flights between £500-£600 rtn with Cathay Pacific / China Southern (Feb-Nov excl July/Aug).. also, does anyone know once the 309/100 is granted what is the deadline that one has before last entry to activate/validate visa?
  13. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Happy 2019 to everyone and thanks @CEP for putting this together - amazing! I just got back to chilly London after a month holidaying in Australia, definitely have a holiday blues and eagerly awaiting the golden email ! @CEP: just a minor correction for my lodgement date, it's 17-Jun (not 11-Jul)
  14. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Thank you I'm hoping they can approve it before year end. Not sure what the stats are in terms of time between further assessment date and grant date. Fingers crossed!
  15. Thisforumisalifesaver

    Timeline on 309/100 via applied for in London

    Spoke to the Aus High Commisson on Friday... apparently my profile on their system they've somehow incorrectly marked me as an Aussie citizen. They said it's a system issue at their end and sent a request to their processing team to correct my profile (back to UK citizen). What a howler! Anyways I'm hoping for them to drop me a call today/tomorrow so this is sorted out before my morning flight to Melbourne on 28th Nov. The chap on the phone said he's only ever seen this happen once before..
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