Your teacher registration
Our advice to teachers is to keep their registration current if at all possible.
On our return from Egypt, it took many months to approve Nick’s application for teacher registration in Tasmania.
Unfortunately, for the time being, each teaching jurisdiction has its own set of hoops to jump through.
If you are teaching overseas make sure you are contactable so that you are alerted when your registration is due to expire.
As these requirements are so different depending on where you live, please be sure to investigate in advance what you need to do to be able to return to work when you move back home.
You may also need to provide original or certified copies of national overseas criminal history record checks from any countries you live in for more than 12 months within your current term of registration. We advise that you also upload these background checks to your Search Associates profile.
Make sure you apply for any criminal history checks while you are still living in the overseas country, before your return to Australia.
We had just purchased our house as a newly married couple in 1992 before moving overseas in 1995. It was never our family home as we didn’t move back to Australia till 2004. Friends stayed in it and we charged them a nominal rent. In return, they looked after the place and moved out each year when we came home for the long vacation in June/ July.
When we moved to Egypt we rented out our family home fully furnished and moved our personal possessions downstairs. One Christmas we received a call from the agent telling us that the sewerage had backed up and the toilets were overflowing. The tenant was 9 months pregnant and had visitors staying for the holidays. We spent $12000 on emergency plumbers who cleared the tree roots from our drains on Christmas eve.
We had about 4 sets of tenants over the next 3 years and received minimal rent again. If it was on the market now there would be a waiting list of eager tenants. It all depends on the market.
What to do with your house is another question for your accountant who can advise you as to any potential capital appreciation issues.
I cannot help but think of a friend who sold before moving overseas, came back, and couldn’t afford to buy in again.
In the nearly 30 years we’ve held properties, they’ve got up, down, and sideways. I’m not saying they don’t drop in value, but they generally provide a solid investment.
If you have a house in what you consider your “home” country, i.e., where you have the strongest family and/or cultural connections, and if there is a possibility you will return someday, even if not until retirement, then you may like to think about holding any property before moving overseas.
This article outlines some of the motivations behind expats purchasing homes now.