How a Hong Kong Power Couple Turned Their Complex Income into a Home in Just 21 Days
How a Hong Kong Power Couple Turned Their Complex Income into a Home in Just 21 Days
For many Australian expats, a great income in Hong Kong means complex pay, with bonuses and allowances that can confuse Australian lenders. This couple feared their income wouldn’t count as they raced against a three-week deadline, but we helped them get approved and secure their property.
Client Snapshot
📍 Location: Hong Kong
🛂 Citizenship: Australian
👩💼 Occupations: Banking Professional & Legal Counsel
👨👩👧👦 Family: Married, 2 children
💵 Combined Income: HK1.5m−2m(AU300–399k equivalent)
🎯 Goal: Build long-term wealth through their first Australian investment property
The Challenge
Despite their impressive combined income, the couple faced unique hurdles that threatened to derail their purchase:
⚠️ Income Complexity: Their compensation included a base HKD salary, a housing allowance, and annual bonuses, and they were particularly worried their 13th-month bonus wouldn’t be counted at all.
⚠️ Tight Deadline: The contract required them to exchange within just three weeks, an impossibly short timeframe for a complex expat loan application. Every day that passed felt like a missed opportunity.
⚠️ Borrowing Power Uncertainty: They had no clear idea how much they could actually borrow from overseas, which made them hesitant even to start looking at properties in their desired price range.
The Solution
We knew their financial profile was strong; we just had to present it to a lender who understood it. Our strategy was built for speed and clarity:
Step 1 – Pre-Approval in 6 Days: We partnered with Bankwest, which accepted their HKD salary, bonuses, and housing allowance. The rapid pre-approval gave them the confidence they needed to proceed.
Step 2 – Loan Approval & Exchange: With pre-approval secured, they confidently moved forward, and we finalised the AU784,000 loan within 21 days, beating their deadline.
Step 3 – Smooth Settlement: The valuation matched, and the settlement was finalised in 35 days, with the loan structured for maximum flexibility.
The Results
This wasn’t just a win; it was a win on their terms, on their timeline.
✅ A$784k approved at 80% LVR on foreign income
⏱️ 6-day pre-approval, 21-day exchange, 35-day settlement
🧭 Lender fit: Bankwest counted the package as per policy
Client Testimonial
“We honestly thought our complex HK income would be a deal-breaker. Odin didn’t just get us approved; they made us feel confident and in control during a very stressful time. We now own an Australian property and feel confident about building wealth back home.” — Banking Professional, Hong Kong
Ready to invest in Australia while living abroad?
- Odin Mortgage specialises in helping Australian expats turn global incomes into property ownership.
- Contact our expat specialist today
Results are illustrative. Lending criteria apply. Individual outcomes may vary.
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