Australian Mortgages in Hong Kong

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Australian Mortgages in Hong Kong.

Hong Kong

Hong Kong has one of the largest Australian expat communities in the world. We can help you find the perfect solution for your situation.

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Australian Home Loans for Hong Kong Expats and Citizens

Here is everything you need to know about expats in Hong Kong finding Australian home loans.

Loan Types: Variable, Fixed, or Interest-Only

Hong Kong citizens and expats living in Hong Kong can apply for residential and investment loans or refinancing. Lenders offer the same home loan types for Australian citizens, non-residents, and foreign nationals.

Hong Kong citizens and Aussie expats can apply for up to 15 years interest-only home loans before becoming a principal and interest loan for the remainder of the loan term. Australian citizens can get a maximum of 15 years fixed interest rates, before transferring to a variable-rate home loan.

Loan Size and Term

Hong Kong citizens can get a maximum loan term of 30 years, the same as for most Australian citizens.

Most lenders require a minimum loan size of $100,000 for Hong Kong citizens. Investors from Hong Kong can borrow up to 75% of the loan to value ratio. Expats may borrow up to 90%, although this depends on your borrowing power.

Odin Mortgage can help find you the best loan for your situation.

Home Loan Package: Offsets and Redraw

Aussie expats in Hong Kong can get all the features available to permanent residents residing in Australia. Depending on your borrowing power, you can negotiate offset accounts and redraw facilities. Hong Kong investors are also eligible for the same home loan features.

Most lenders will also get phone and internet banking—although phone banking may not work in your area.

How Do Lenders View Hong Kong Dollars?

As there are so many Australian expats in Hong Kong, banks are used to dealing with Hong Kong currency. If you earn HKD, this shouldn’t impact your home loan approval chances.

However, some lenders might restrict your loan size if your main source of income is in HKD. Lenders might only consider between 80% - 100% of your income to account for currency fluctuations. That said, Hong Kong dollars are pretty stable and lenders are trusting of the currency.

Pros and Cons

Take a look at the pros and cons of home loans for Hong Kong citizens.

Pros Cons
Australian citizens in Hong Kong might be able to borrow up to 90% loan to value ratio with the same interest rates as those in Australia
Some lenders might treat dual citizenship holders as foreign borrowers and restrict your borrowing power.
Some lenders might use Hong Kong tax rates to assess borrowing power. Hong Kong tax rates are much lower than Australian (only 6% on income up to $100,000 HKD).
If you earn solely in HKD and cannot provide sufficient evidence of your income, lenders might only consider 80% of your income.
Hong Kong nationals married to Australian citizens might be able to borrow up to 95% loan to value ratio.
Some lenders might require an Australian Power of Attorney before approving your home loan.
Hong Kong investors (who are not Australian citizens or permanent resident visa holders) can borrow up to 75% loan to value ratio.

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Mortgage Features

Here are the main mortgage features Hong Kong can expect

Feature Details
Deposit Size
Most Australian banks will prefer expats in Hong Kong to have 5% genuine savings. Most Hong Kong citizens will need at least a 20% deposit. Some lenders might require 30%.
Borrowing Power
If you’re earning HKD, some lenders might only consider 80-90% of your net earnings. Therefore, your borrowing power could be significantly lower.
Repayment Options
Most lenders will offer flexible repayment options to Hong Kong residents. Plus, Aussie expats can make early home loan repayments without triggering penalties.
Interest Rates
Aussie expats in Hong Kong are still Australian citizens so should get the same competitive interest rates as those living in Australia. As a Hong Kong national, you may have to pay slightly higher interest rates because you will need a specialist lender.

Key Facts

Around 100,000 Australians currently live in Hong Kong; around 96,000 Hong Kong citizens live in Australia.

Self-employed borrowers in Hong Kong might be able to borrow up to 80% - 90% LVR, depending on documentation.

Most lenders will require your financial documents to be in English; you may need an interpreter’s certificate.

Australian expats in Hong Kong can expect the same home loan rates as those living in Australia.

Feature Details
Deposit Size
ANZ prefers a home loan deposit of 20% or more when applying for a home loan.
Offset Account
A transaction account linked to home or investment loans. This account can be used to offset the amount you owe on the loan, and ANZ will only charge the interest in the difference.
Repayment Options
Depending on your loan type, repayments can be made weekly, fortnightly or monthly via ANZ’ Internet Banking services.
Package Benefits
With ANZ packages, borrowers can access lower interest rates, free offset account, credit card and benefit from waived fees.
Interest Rates
With the Breakfree package, borrowers can access a discount up to 2.10%
Expat Information
ANZ can assist loan applications in a variety of foreign currencies.

How Do I Apply?

When applying for an Australian mortgage as a Hong Kong citizen or expat in Hong Kong, you’ll need to meet the lender’s eligibility criteria.


Make sure you apply with a lender who specialises in Hong Kong home loans. 

  • A good credit score or history of making repayments on time.
  • Australian citizenship (if you’re an expat). 
  • 20 – 30% deposit if you’re a Hong Kong national.
  • Over 18 years of age.

Documents required

  • Two forms of income verification, such as recent payslips, an employment letter, or tax returns.
  • Form of identification, such as a passport, driver’s licence, or birth certificate.
  • Details of your expenses, such as other credit liabilities and living costs.
  • Details of your prospective property purchase (unless pre-approval)

Other Considerations

Double Taxation Agreement

While Australia has a tax treaty with China, this does not extend to Hong Kong. If you’re an Australian tax resident, your income in Hong Kong is subject to Australian taxes. Therefore, speak to a professional to make sure you don’t end up paying double taxes.

Generally speaking, most expats are not considered tax residents after living overseas for two years.

FIRB Approval

Australian expats are citizens. Therefore, you won’t face any government restrictions on buying property. However, if you’re a Hong Kong citizen or married to one, you may have to apply for FIRB approval.

Typically, foreign nationals are restricted to purchasing new property or vacant land only.

Stamp Duty Surcharge

Similarly, if you’re a Hong Kong citizen or purchasing property with a Hong Kong citizen, you might have to pay the stamp duty surcharge. In most states, the foreign resident surcharge is between 7% – 8%. 

There is no foreign resident surcharge in the NT, ACT, or TAS.

Frequently Asked Questions

Expats living in Hong Kong are eligible for the same mortgage types, features, and interest rates as Australian citizens living in Oz. You might struggle to prove your foreign income if you don’t have sufficient documentation.

Non-residents in Hong Kong can apply for home loans to buy Australian property with a specialist lender. Foreign property investors may need to provide a deposit of 20 or 30%.

While lenders prefer an LVR of 70 or 80%, Australian residents in Hong Kong may borrow up to 90% of the property value. Some lenders might even approve a LVR of 95%.