Yes, New Zealand citizens can release equity in a property in NZ to buy in Australia, however, it will involve two separate home loans.
You will first need to release the equity in your NZ property by refinancing your mortgage.
This is something we cannot assist you with as our Australian credit license (ACL) only allows us to deal with lenders in Australia.
Once you’ve released the equityin your NZ property, we can help you get approved for a home loan in Australia with an Australian bank.
- You can borrow up to 60% of the value of an NZ property.
- You can borrow up to 80% of the value of an NZ home if you’re living in NZ.
- Borrowing more may be possible with specialist lenders at a slightly higher interest rate.
Cheers,