Nicky - you are totally right and many don't get it - buying...

Nicky - you are totally right and many don't get it - buying property in Oz at these kinds of times for expat Australian's is a TOTAL no-brainer.... especially if you have ongoing work contracts overseas, or a means to stay away.

Property prices dropping, interest rates dropping, rental market thru the roof... if you are expat with tax free status in Oz, then buying property under current conditions enable you to make forward losses for when you repatriate... carried forward for up to 6 years!. If you have tax free status where you are working overseas also it becomes even more of a no brainer!

I don't expect a rush on expats running home, the expat life almost warrants against that, but would expect a kick in expat property purchasing especially if the rates and prices continue to drop, while rents and availability remain high.

Cheers, DL