A New Zealander looking for a home loan

Any general questions you might have in regards to loans and finance.
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Otto Dargan
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Re: A New Zealander looking for a home loan

Post by Otto Dargan »

Hi Joel,

Welcome to the forums.

New Zealand citizens on a 444 visa can borrow up to 95% of the property value with a New Zealand Citizen Home Loan.

Given that you can prove that you have $600,000 (15% of the property value) in genuine savings, you might be eligible for a 15% Deposit Home Loan.

If you're looking to get an Australian mortgage, please call us on +61 2 9194 1700 or complete our free assessment form and one of our brokers will contact you to further discuss your options.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: A New Zealander looking for a home loan

Post by Otto Dargan »

Hey Joel,

Yes, if you’re a first home buyer, you are eligible for a First Home Owners Grant (FHOG).

FHOG can help first home buyers in reducing the deposit needed for the home loan. However, the grant amount itself differs according to the state in which you’re purchasing the property.
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And although some lenders charge a higher interest rate to foreign nationals, in most cases, we can get you the same interest rates as an Australian citizen.

In addition, you don't have to get Foreign Investment Review Board (FIRB) approval.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: A New Zealander looking for a home loan

Post by Otto Dargan »

Hey Joel,

This 444 visa exempts you from having to pay thestamp duty surcharge.

But bear in mind that you will need to be in the country for at least 200 days to be eligible to avoid the stamp duty surcharge. Other conditions may apply so we recommend that you speak with your relevant state revenue authority.

Please call us on +61 2 9194 1700 from overseas or on 1300 889 743 from within Australia.

You can also complete our free assessment form and one of our Australian mortgage brokers will call you to discuss your situation.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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