Guest Paul Cally Posted February 13, 2007 Share Posted February 13, 2007 Can any one give me advice on whether it is best to borrow in england or in oz to buy our first house after making the move .We are going to rent our house in england out for a while but can afford a deposit to buy a modest house when we get there .Can anyone give an idea what is the best way to go? Many thanks Link to comment Share on other sites More sharing options...
Guest BullCreek_Bob Posted February 17, 2007 Share Posted February 17, 2007 G'day What visa are you coming to Aus on? This has tax implications for the rental income you receive and the mortgage interest you pay. If you have permanent residence, then your UK house will be treated as an investment and taxed accordingly. To get accurate advice, you need to give more details. Things like your visa status, repayments on your existing house, likely rent on your UK house, size of the mortgage on your UK house, likely sale price of the UK house, details of any other UK income you'll continue to receive after you leave the UK, size of the deposit you have for an Aussie house, what state you will buy in, the cost of the property you will buy, your income when in Aust. If you'd rather not tell those things to the whole site, then reply via email or PM me. Link to comment Share on other sites More sharing options...
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