If you benefit from a salaried income, as a tax resident of Australia you could be eligible for an 80% loan to value mortgage.
If you are self–employed, you could be eligible for a fixed rate mortgage of 2.15% over 20 years, with a loan to value of 60%.
Negative gear (offset your mortgage interest against your French income tax*) by taking out a mortgage to increase the yield of rental investments in France. *We recommend clients always take professional advice on tax matters.
Please note that BNP Paribas do not currently lend to Australian nationals or residents. However, other banks do - please email: firstname.lastname@example.org to be put in touch with a specialist broker.
A Schengen Visa allows you to move freely throughout the 26 countries in the Schengen area for stays of up to 90 days, on family visits or tourism.
Ensure you have all your essential paperwork (birth certificates, marriage certificate) professionally translated and authenticated before arriving in France.
A long stay visa is required for stays of 90 days or more, you are also required to register with the Office Français d’Immigration et d’Intégration (OFII) for a Resident's Permit.
All Australian nationals who are domiciled in France, are taxed on their worldwide income.
A double taxation treaty has been signed with France to ensure you are not taxed twice.
If you do rent your property out and gain less than €15,000 a year from it, you can benefit from a simplified tax regime called ‘Micro Fonciere’.
The average price of a house purchased by Australian buyers is €282,187.
1% of all Leggett overseas buyers are Australian.
Long standing favourites of Australian buyers are Paris, PACA and the Alps. However, in the last six months Leggett has also sold to Australian buyers in: Aquitaine, Limousin, Languedoc Roussillon, Poitou Charentes, Midi Pyrenees, Brittany and Nord Pas de Calais.
The average spend by an Australian on French property, is €282,187.
Do you live in Australia and want to join us?
We're recruiting International Agents in Australia to join our award winning global team. Contact Jane Armstrong
Robyn left Australia as a back packer some years ago, finally deciding to move to France 16 years ago after spending several magnificent holidays visiting in France.
“I fell in love with the lifestyle, historical and quaint villages and French houses and decided this is where I want to be.” Says Robyn.
“I joined Leggett to be a part of the best International team of agents in which the job combines all my passions: to include photography, meeting people and helping them to find their dream home and of course visiting all types of wonderful houses."
It really was, Robyn told me, “the best decision I ever made as we have it all here: the sun, the sea, the skiing in the mountains, great beaches and lakes, an environment rich in history and beauty and of course the much needed relaxed lifestyle, that about sums up all my requirements!!”
Lorraine and Stewart RICHMOND
As Australian nationals and having lived in Australia since the early eighties, Lorraine and Stewart Richmond decided it was now time for a change – permanent? - Well, for the foreseeable future! "Australia is a young country" says Lorraine, "and we missed the aged things such as old buildings, history and old churches. We also wanted a bit of room around us, so England was out of the question, too many people". So they took their search to the internet and discovered that all the properties that they liked were in France and were readily affordable. "We like the way of life here in France" Stewart tells us, "it's slower paced, the countrywide is beautiful and of course, great food and wine! Our property search was fun and we enjoyed looking at houses, but the actual buying process took slightly longer than we imagined (3 months)."
Lorraine & Stewart's tips :
1. Come and take time to look for a place, and maybe look at that area over several seasons. A place we loved the look of on the internet back in Australia - was not so nice in the flesh!
2. Be mindful of what services you are going to need, schools, hospital etc
3. Make sure you understand about residency rules too.
4. Also it is important to try to learn French, even just a little, the French are lovely people and extremely forgiving if you try to connect with them. "Here we are!" says Lorraine, "sitting outside in the warm stillness of the evening, glass of wine in hand, watching the space station go overhead … it really doesn't get any better!”