I have purchased 2 investment properties in NZ using a company/trust structure (the company is the trustee – my wife & I are directors). I dealt with Russell from the following law firm in Queenstown and found him excellent. He set up everything for me at a reasonable price and the service was great.
I take your point but I am still in the ‘due diligence’ phase of the contracts (another 10 days to go) and settlement is not for another 2 months. I have already sought NZ legal advice and have a way to get my money out – I was simply exploring other (more direct) options. The deals were good ones and I didnt want to lose the…[Read more]
My Brother transfers a lot of money overseas with his business and he swears by Travelex (www.travelex.com.au). I think the thing to watch is not how much they charge you up front, but the exchange rate they use. You can lose 10% of your money if you go through a normal bank (compared to the international money market rates).