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Hi everyone,
Has anyone recently been successful in using their equity in an Australian property/portfolio to put down as a deposit on a New Zealand property?
If so, how did you go about it? What lenders are willing? Were there any special requirements? Anything else you’d like to add?
Cheers!
And what about vice versa – leveraging NZ equity to purchase in Oz?
I think the rules may have changed recently re this. I use ANZ NZ and I believe they may have stopped/reduced lending to overseas buyers. I can recommend Brent Lattimore at Focus Finance in Christchurch. He’d be able to advise about buying in NZ from overseas I think. My situation was that I bought a relatively inexpensive property in NZ a few years ago and paid it off, once I had NZ equity it was easy to keep borrowing. As I said, things may now have changed for overseas buyers looking to purchase in NZ.
If I was an NZ resident looking to buy in Aus I’d probably follow the same strategy i.e. buy a cheapie with larger deposit and look to leverage from there. Everyone’s situation is different though. I think Mary O’Brien in NSW, NZ Mortgage solutions may be able to help.
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This reply was modified 10 years, 5 months ago by
ellejay.
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This reply was modified 10 years, 5 months ago by
