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  • Profile photo of arron_sharon29913arron_sharon29913
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    @arron_sharon29913
    Join Date: 2003
    Post Count: 2
    March 13, 2004 - 7:29 am

    This may be helpful to Ozzie residents wanting to purchase over in NZ. My partner and I have recently been trying to purchase over in NZ, what we found out through a broker was that we had to have $50,000 in cash,or I think a 20% deposit, whichever was the higher. So if you are trying to buy multiple properties,$50,000 in one deal is not leverging your money. The area we were interested in, the population was under 10,000, which may be the reason for such conditions. So we are now using a debt partner, living & working in NZ, & doing a Joint Venture to secure our interest in the property.

    Any feedback would be great.
    Regards,
    Sharon.

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