Expat Australia News

Latest 10 news items tagged Australia

21 Nov at 6 PM 2019

Expat property investors scouring the UK for buy to let bargains

Expats on basic UK state pensions and living the simple life have been badly hurt by the slump in sterling, but their wealthier counterparts couldn’t be more pleased. Put simply, wealthy expats living and working overseas are cashing in on lower-priced buy-to-let properties in the UK. For British estate agents, the fall in the pound is a dream come true as the numbers of non-resident landlords increases month by month. At this point in time, overseas landlords make up just over one in ten of property investors, a four per cent rise...
20 Nov at 6 PM 2019

Saudi real estate sector blaming expat exodus for slowdown

Saudi Arabia’s expat exodus is keeping the lid on the kingdom’s real estate market. Although the Saudi government firmly believes domestic demand will pick up, the present exodus of expat workers is having the opposite effect. Over the past year, property prices have fallen by between five and six percent, with rental prices down by one percent. The demand for affordable units is still apparent and supply is slowly increasing, but the entire market is now bearing the brunt of falling prices. A recent study by S&P is...
19 Nov at 6 PM 2019

Where to now for thousands of devastated British retirees in Europe?

Will Brexit finally wreck British dreams of a retirement in the sun? By now, it’s common knowledge that the least important aspect of Brexit is the future for Britons who decided some years ago to leave the UK for a better, less pricey lifestyle. The loss of freedom of movement isn’t just bad news for holidaymakers and digital nomads, it’s mostly about the wrecking of dreams for hundreds of thousands of everyday British emigrants who made the choice based on their needs as retirement drew near. Unless a miracle happens and...
15 Nov at 6 PM 2019

Amazing expat-run charity in Spain celebrates its 35th anniversary

Celebrating its journey from its humble beginnings to international recognition, the British expat-organised Help charity is now enjoying its 35th anniversary. Now known as Help of the Marina Alta (HMA), the charity was started simply to help elderly, infirm expats with their shopping and other basic needs such as interpretation and is now established at the Denia Marina Salud, the region’s largest hospital. During the years, the volunteers expanded their expat services to include donations to all 12 of the region’s healthcare...
12 Nov at 6 PM 2019

New Saudi residency scheme proving popular with wealthy expats

Saudi Arabia is now rolling out its premium residency scheme for expats who meet the visa’s criteria. After the news broke that a premium residency visa was to be introduced in the Kingdom, its immigration department received literally thousands of applications for the promised premium residency. The first batch of those lucky and rich enough to receive the visa contains the details of expats already in residence and well as those of professionals living overseas and comprises 73 successful applicants from 19 world countries. A wide...
6 Nov at 6 PM 2019

Expat parents in the Czech Republic will need to get new official ID cards for their kids

Expat parents in the Czech Republic will need to get official ID cards for their kids from the age of six. Once the relevant law is passed, the cards will be mandatory, and are expected to be useful for proving age on public transport or when children are travelling with a parent with a different surname. At some time in the future, the personal ID number on the cards is to be replaced by electronically readable data, as the government feels the present system can be seen as an invasion of personal privacy. The current ID cards...
4 Nov at 6 PM 2019

Real estate scammer caught targeting new expat arrivals in Amsterdam

New expat arrivals in the Netherlands are being warned to check out the credentials of real estate agents when searching for accommodation. The warning comes as one scam artist is remanded in custody on charges of ripping off 13 victims for a total sum of around €100,000 in order to finance his gambling addiction debts. In a procedural court hearing held last Wednesday, the fraudster admitted he’d scammed some 42 people by means of deposits and pre-payments for rental accommodation not actually for rent. No-one suspected his...
1 Nov at 6 PM 2019

Spanish government to pay out colossal compensation for gota fria destruction

The true cost of Spain’s devastating gota fria storms is now calculated to total at least €379 million, but claims are still being received. Spain’s Consorcio de Compensacion de Seguros has released its estimates of householder compensation for the massive damage and destruction caused by this summer’s devastating weather phenomenon known as the gota fria. At present, some 600,000 claims have been received, with more still coming in and expected to raise the total cost to at least €422 million. Tens of thousands of homes...
24 Oct at 6 PM 2019

Expats urged to guard against fraudulent text messages

In this internet age, texting is a big part of most peoples’ daily lives, whether they’re living in their country of birth or overseas as an expat. There’s no doubt that texts are an aid to businesses as well as for those keeping in touch with their friends and families at home and away. Unfortunately, not all texts messages are what they seem, as they’re also a convenient tool for fraudsters looking to part the unwary from their money. One absolute favourite is a text seemingly from the UK’s HM Revenue and Customs informing...
22 Oct at 6 PM 2019

Wealthy Hong Kong expats looking to emigrate to Oz

In spite of reports suggesting expat bankers in Hong Kong are in it for the long-haul, realtors are seeing a rush to invest in Australian property. Both expat professionals and Hong Kong’s wealthy elite are now hedging their bets on the outcome of the seemingly endless weekend protests. Although it seems no-one actually wants to leave, those with enough folding money are quietly investing in Australian property as a hedge against a full Chinese military takeover of one of the world’s most important financial hubs. From expat...