Capitalize on your time overseas as an expatriate
As an expatriate like myself, you are in a unique financial position with often a tax free salary and many of your living expenses paid for. Combine that with the fact that many of us live in countries with lower living costs than back home and you see why your time as an expatriate is probably the time of your life with the highest net earning power. And that means it should be the time when you work hardest at securing your financial future - and they are many ways of doing that.
Property and especially Australian property is an excellent investment. Not only is it much harder to lose money in property than in the stock market, but with property investing you benefit both from steady capital growth and from rental income. And as rental income increases over time it protects you from inflation. At the same time you can borrow money to buy property and despite Australia’s high taxation environment, property investment can be very tax efficient.
Before you read our article Eight reasons why you should invest in residential real estate which explains the above mentioned benefits in much more detail consider the following unique advantages you have as an expatriate:
If you have read this far and are wondering how come that despite your high earning power you don't seem to be able to set aside any serious funds for investing, you'd maybe want to read our section on Personal Finance. I have seen many an expat enjoy their new found riches and spend it nearly all on a vast array of 'toys', fashion, furniture, expensive evenings out and lavish holidays. Nothing wrong with enjoying a good lifestyle, but think about what your priorities are in life before you blow this unique opportunity - do you really want to work until 60 or 65? If so, stop reading and go spend.
Property Investing for Expats
However, if you are an Australian expat or an expat with or aiming for permanent residency in Australia you should very carefully consider using Australian residential real estate to secure your financial future.Property and especially Australian property is an excellent investment. Not only is it much harder to lose money in property than in the stock market, but with property investing you benefit both from steady capital growth and from rental income. And as rental income increases over time it protects you from inflation. At the same time you can borrow money to buy property and despite Australia’s high taxation environment, property investment can be very tax efficient.
Before you read our article Eight reasons why you should invest in residential real estate which explains the above mentioned benefits in much more detail consider the following unique advantages you have as an expatriate:
- high disposable income
- tax credits can be rolled forward and used to offset personal income once you return to Australia
- ...
If you have read this far and are wondering how come that despite your high earning power you don't seem to be able to set aside any serious funds for investing, you'd maybe want to read our section on Personal Finance. I have seen many an expat enjoy their new found riches and spend it nearly all on a vast array of 'toys', fashion, furniture, expensive evenings out and lavish holidays. Nothing wrong with enjoying a good lifestyle, but think about what your priorities are in life before you blow this unique opportunity - do you really want to work until 60 or 65? If so, stop reading and go spend.