From atlaswealth.com: Australian expats selling property in Australia while living in the U.S. must navigate complex tax obligations under both countries’ laws, including capital gains taxes.

For example, a family that purchased a property in Sydney for AUD 1 million and later sold it for AUD 10 million would face significant taxable gains in the U.S. and may not qualify for certain exemptions previously available to Australian residents.

Additionally, currency exchange rates and the ability to claim foreign tax credits are critical considerations for minimizing dual taxation liabilities.