Hi there,
Does anyone here who is a dual Citizen of the UK and Australia own property in both countries? Is it a good idea investment strategy wise?
I currently have a principal place of residence in AU and am thinking to try to refinance before I go back to live in the UK, rent out my place and use the equity to purchase a place to live in the UK. So the one in AU would end up a long term investment property.
The challenge I have is if I sell the AU property I will never be able to afford to buy back into this area if I did want to come back.
Does anyone have any insight into all of that? Does anyone here own a property in each country or do you think it’s better to sell up completely before moving?
thanks