Search found 3 matches

by
Tue Apr 16, 2019 7:18 pm
Forum: Home Loan Forum
Topic: Can NZ citizens buy an investment property in Australia?
Replies: 5
Views: 11331

Re: Can NZ citizens buy an investment property in Australia?

Sounds reasonable. One last question! Is it true that New Zealanders are also eligible to receive grants on purchasing their first home?
by
Tue Apr 16, 2019 7:15 pm
Forum: Home Loan Forum
Topic: Can NZ citizens buy an investment property in Australia?
Replies: 5
Views: 11331

Re: Can NZ citizens buy an investment property in Australia?

Hey, That’s great. I was thinking of using the equity of my property here in New Zealand to purchase the property in Australia. Is this possible?
by
Tue Apr 16, 2019 6:47 pm
Forum: Home Loan Forum
Topic: Can NZ citizens buy an investment property in Australia?
Replies: 5
Views: 11331

Can NZ citizens buy an investment property in Australia?

Hello,

I’m a New Zealander from Hamilton. I’m working as an IT specialist in a decent sized tech firm. I and my wife are planning on moving to Australia in a few years’ time once we think we’ve made enough. For now, we want to purchase an investment property that we want to use as a branch office. We’re looking for a property around Maryborough that’s in the price range of AUD 600,000. We have around AUD 24,000 saved up for this.

My friend who works for the bank says that foreigners usually have to pay additional charges to the Australian government to purchase a property in Australia. Sounds fair enough, but I wanted to know whether this policy applies for New Zealanders as well.