Expat looking to get established

Discussion in 'Introductions' started by Onlinedave, 11th Mar, 2019.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,634
    Location:
    Gold Coast (Australia Wide)
    no, but some lenders will crank these up anyway depending on currency and location.

    you might have expenditure of 1500 a mth, but currency rules and HEM Overides may land you at 4000 say

    ta
    rolf
     
    Rolf Latham, 12th Mar, 2019
    #21
  2. Onlinedave

    Onlinedave Well-Known Member

    Joined:
    8th Mar, 2019
    Posts:
    729
    Location:
    Asia
    Wow that is harsh and unreasonable. Thanks Peter for clarifying.

    So if for example I was earning a neat AUD$200k, and assuming avg tax rates of 30% in Jpn and Aus, my net aud income would be discounted to $78.4k? (200x0.7x0.8x0.7) is that right roughly speaking?

    Using this approach, and before including my wife’s income, the nab calculator suggesting borrowing capacity of $280k -$750k depending on treatment of a few work extras. So harsh, but with wife’s income and a decent deposit I may have something to play with. Realize this is all very rubbery though.

    Confirms my original assumption though that I need to focus on building my capital base.

    Thanks again Peter
     
    Onlinedave, 12th Mar, 2019
    #22
    Peter_Tersteeg and Brady like this.
  3. Onlinedave

    Onlinedave Well-Known Member

    Joined:
    8th Mar, 2019
    Posts:
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    Location:
    Asia
    Hmmmm Tokyo......



    Thanks!
     
    Onlinedave, 12th Mar, 2019
    #23
  4. Eric Wu

    Eric Wu Well-Known Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    so much good advice already.

    I am going to ask you a different Q. ;);)

    @Onlinedave, how is the life in Japan? must be enjoying it, :):):)
     
    Eric Wu, 22nd Mar, 2019
    #24
  5. Onlinedave

    Onlinedave Well-Known Member

    Joined:
    8th Mar, 2019
    Posts:
    729
    Location:
    Asia
    Going well thanks Eric. Been here a while now so fairly comfortable with the place. World Cup and olympics coming up so big year ahead for Tokyo
     
    Onlinedave, 24th Mar, 2019
    #25
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