How is exisiting overseas rent/property loan assessed if apply for a loan ihere

Friend has relocated here and has a property overseas taking rent with a mortgage overseas. Is rent income and mortgage treated by the banks the same was as if it's an Australian investment property when he applies for a loan for his PPOR here? He has a job and income in Australia

 

Lenders apply some policies to overseas money that will mean the rent counts for almost nothing and the loan is almost double what it actually should be. It's also unlikely lenders would have any way of verifying the overseas money unless they're given the evidence of its existance.

If the rent is covering the holding costs for the overseas property, I'd treat it as a black box that doesn't affect anything here.

 

I recently did one with Latrobe (for policy reasons) they were happy to use overseas rental income, however wanted a overseas credit report and all debts statements translated to English by an authorised personnel

 

Depends on the lender, your friend needs to chat to a decent mortgage broker