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Thanks guys I will contact my bank today about LOC.
Kind Regards,
Tim.[biggrin]I am new to this so forgive me if this is an old topic.
I am in the process of buying a NZ property through Westan and Alvin who I cannot recommend highly enough.
I am using 20% cash deposit on this property to finance this deal through a NZ bank.
It is my understanding that I cannot use my Australian equity to get 100% financed NZ property loans. This disappoints me as my wife and I have around 200K Australian equity in our Sydney residence and I would very much like to use this equity to finance NZ property.
Any comments and/or suggestions would be greatly appreciated.
Also I would like to say a general thank-you to the contributers to these forums whose advice I find, in the main, very helpful and sound.
I have heard (rumours) that in the Sydney market the commercial market will be the next big thing in property. However I have done no concrete research myself.
It would appear on the surface that trusts are a great way to start as you spread your risk around rather than gambling on on 1 property/tenant.
On the downside I would say that you could not borrow as much (perhaps 50-70% through margin lending) and that your returns would be less than direct investing.
As I said these comments are unresearched.
