All Topics / The Treasure Chest / purchasing in NZ

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  • Profile photo of giannigianni
    Member
    @gianni
    Join Date: 2002
    Post Count: 6
    July 17, 2003 - 11:07 am

    hi everyone

    does anyone know the best way to purchase IP in NZ, and if the finance is frrom australia or NZ banks…
    thx

    gianni

    Profile photo of tamaratamara
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    @tamara
    Join Date: 2003
    Post Count: 56
    July 18, 2003 - 6:01 am

    Hi gianni

    I believe that the best way to finance IP purchases in nz from oz is through a nz bank. My suggestion would be to use a mortgage broker to help you source the best deal.

    Tamara

    Profile photo of westanwestan
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    @westan
    Join Date: 2002
    Post Count: 1,950
    July 18, 2003 - 10:44 am

    hi gianni
    tamara is right do it through NZ. i was in NZ last week and found finance through Bank of New Zealand. the guy i spoke to at Waimate was extremely helpful, as i found most Kiwi’s. when you go there to look at properties call in to a local branch as well as brokers. i had no problems getting 80% finance.
    westan

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