- Moderator
- #1
I'm curious to hear how Aussie ex-pats on this board manage their finances/investments and properties in Australia as a non-resident.
Particularly:
How do you transfer money around?
Have you found a way to purchase Australian shares / ETFs in Australia with AUD from your Australian bank account without a complex broker arrangement?
Have you purchased property while aboard and if so, did you calculate the financial hit you took as a non-resident and then any analysis on whether it's a worthwhile investment overall? Australian property I find is very personal and it's hard to look at it as an investment without the emotional side of owning a piece of the homeland.
Through my limited research, I've found that having an HSBC account in your current country and having one in Australia seems to be the best/safest/most comforting way to move cash around. Happy to hear from those who have this arrangement or who have found a better one.
Opening a term deposit seems difficult without being present in the country with the major banks and none seem to allow you to open an investment account, even if you have a legacy banking account.
Particularly:
How do you transfer money around?
Have you found a way to purchase Australian shares / ETFs in Australia with AUD from your Australian bank account without a complex broker arrangement?
Have you purchased property while aboard and if so, did you calculate the financial hit you took as a non-resident and then any analysis on whether it's a worthwhile investment overall? Australian property I find is very personal and it's hard to look at it as an investment without the emotional side of owning a piece of the homeland.
Through my limited research, I've found that having an HSBC account in your current country and having one in Australia seems to be the best/safest/most comforting way to move cash around. Happy to hear from those who have this arrangement or who have found a better one.
Opening a term deposit seems difficult without being present in the country with the major banks and none seem to allow you to open an investment account, even if you have a legacy banking account.