Re: Can a New Zealander buy a property to live in Australia?
Posted: Wed Dec 26, 2018 5:08 pm
Hi Zimmer, Welcome to the forum.
NZ citizens living in Australia can purchase any type of real estate they desire. This includes investment properties, and old or new homes to live in.
In your case, since you’ll be moving to Australia only after a year, you can’t buy an owner-occupied property, for now, you have to buy an investment property. However, once you move here, we can ask your bank and get you owner-occupier interest rates.
Moreover, the banks want to ensure whether you have a lot of cash for a financial buffer or whether you have a job lined up once you move to Australia.
So, it’s advisable not to use all of your deposit - you can put the remainder into an offset account and use it later. It helps to reduce your interest bill, as you have to pay the interest on the balance of your home loan less the balance of your offset account.
Please enquire online or call us on +61 2 9194 1700 and we can help you get approved for a home loan for an NZ citizen.
Cheers,
NZ citizens living in Australia can purchase any type of real estate they desire. This includes investment properties, and old or new homes to live in.
In your case, since you’ll be moving to Australia only after a year, you can’t buy an owner-occupied property, for now, you have to buy an investment property. However, once you move here, we can ask your bank and get you owner-occupier interest rates.
Moreover, the banks want to ensure whether you have a lot of cash for a financial buffer or whether you have a job lined up once you move to Australia.
So, it’s advisable not to use all of your deposit - you can put the remainder into an offset account and use it later. It helps to reduce your interest bill, as you have to pay the interest on the balance of your home loan less the balance of your offset account.
Please enquire online or call us on +61 2 9194 1700 and we can help you get approved for a home loan for an NZ citizen.
Cheers,