Aussie Expat in UAE - 90% Lend Possible

mardi 16 juin 2015

Hi All,

Long time lurker on the boards here. I am looking for some information on the maximum LVR achievable for an Australian expat living in the UAE. From recent dealings with CBA (contract fell over today - c'est la vie), I was told that GE Money won't touch anyone who earns income in UAE Dirhams?

So I guess my question is, is it possible to achieve a 90% LVR on an IP purchase in Australia, if earnings are paid in AED?

A bit of background info on my situation:
- Working in UAE for three years, same company and role I previously worked in back in Brisbane (total of 4.5 years with the company)
- Salary is quoted in USD and converted to AED for payment. Allowances are quoted and paid in AED.
- Currently own two IPs at a combined LVR of around 78% (value $381k + $510k)
- My wife and I earn around a combined AU $270k + bonus (tax free) inc. allowances
- Looking to buy in Brisbane around $500k at 90% lend if achievable

Are there any brokers here who are familiar with this sort of situation that could offer any advice?

Thanks in advance!
Aussie Expat in UAE - 90% Lend Possible

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