hi we have a house in nz worth 265k with a mortage of 60k, we have owend for over ten years. we moved to the sunshine coast 2 years ago, we now want to buy here but are unsure if we should sell or to wait for the market to get better over there or is there away we could use our equity to buy here .any advice would help thanks
You can always access the equity from your NZ property and use it toward a deposit and costs buying an Aussie property. If the NZ location is looking like increasing in value you may not want to loose the goose thats laying your golden eggs (appreciating in value). I only sell property if its a non performer.
thanks were new to this forum and have read alot of post ,we also own a Ip unit which we have had for 4 years bought for 173k with mtge of 200k if we sold we would come out even ,we are going to look at selling that and using the extra money from rent off our main home (the goose) to use on the equity we will borrow , Thanks again
You must be logged in to reply to this topic. If you don't have an account, you can register here.
