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I have a freehold property under Family Trust in NZ and also some hard cash. I have moved to Australia for good and plan to build a property portfolio here. I have spoken to a mortgage broker and was advised that we can set up LOC against this property in NZ and use it to purchase investment property in Australia. Is this a wise move ? Is there any tax disadvantage ? Should I sell this property and transfer the fund to Australia for building my portfolio ?
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