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How to sell your property overseas using a money transfer

Your options for repatriating money to Australia after the sale of a property.

Selling property can be stressful enough without the worry of how you are going to get the money into your Australian bank account. There are a couple of ways you can transfer money back to Australia after you sell a house overseas. Read on to find out your best option for overseas money transfers.

Receiving an international money transfer from overseas

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.664 USD
6,634
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.683 USD
6,818
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.683 USD
6,827
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.679 USD
6,785
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.677 USD
6,770
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day AUD 0.00 0.68 USD
6,800
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Why you should use an international money transfer company

A bank cheque or deposit can be convenient, but this convenience can cost you thousands, if not tens of thousands of dollars. When transferring international currency to Australia via your bank, your bank uses its own exchange rate to convert the funds into Australian dollars. This exchange rate is often less than ideal.

International money transfer companies provide bank-beating exchange rates, and some even give best rate guarantees. If you can find a better exchange rate, they’ll beat it, as long as it’s above the interbank rate.

Foreign exchange companies specialise in international currency transactions. When you’re dealing with the sale of a property, you must take the time to compare international money transfer companies and find the one that’s best for you. A small difference in the exchange rate could change your bottom line by thousands of dollars. Looking at a transfer of $500,000, a 0.01% change in the exchange rate makes a $500 difference to the final total.

What to look for in an international money transfer company

  • International offices. As you’re dealing with the sale of a foreign currency and the purchase of Australian dollars, it helps if the international money transfer company has offices overseas as well as in Australia.
  • Service and support. It’s a bonus if an account manager can be assigned to help you repatriate the funds to Australia. They will be able to help you get the best rate as well as identify any issues you may encounter with the money transfer.
  • The best exchange rate. Most international money transfer companies will give you a bank-beating rate. Some can guarantee you get the best rate on your international money transfer.

Which international money transfer companies offer a best rate guarantee?

  • TorFX. TorFX provides bank-beating exchange rates and also specialises in repatriating money to Australia. Part of this service includes a best rate guarantee, a personal account manager to help you with the international transfer and the ability to fix a rate two years in advance. To get the TorFX best rate guarantee, you need to show evidence of a competitor’s quote with the better rate before you agree to the transfer, and the foreign exchange rate has to be above the interbank rate.
  • Travelex. Travelex also give customers an international price promise. You must provide a like-for-like competitor’s quote with a better price to Travelex within 30 minutes.

What about capital gains tax?

You must pay capital gains tax (CGT) on the sale of overseas property, and you must include the sale of the asset on your Australian tax return so the income can be assessed by the tax office.

If you’ve paid a foreign tax as well as CGT in Australia, you may be eligible for the government’s foreign income tax offset. This stops you from paying tax twice on an asset. You can also claim an amendment if you’ve paid foreign tax on the asset in the previous financial year.

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International Money Transfer Offers

Important Information*
Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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