Thankyou for everybodies help. Just to let you know I’m a new zealand citizen but I reside in sydney. Thanks again. If you have anymore advise it will be much appreciated.
Thanks John

Thanks for the feed back,
I will be putting down a 20% deposit on my first property. The property will be positivly geared with tennants in the property. I will be buying in New Zealand but I want to be able to access the equity in the property ASAP to draw down to use as another deposit.
theloanarranger
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Originally posted by theloanarranger:
Hey John,

It would help to know if you have an owner occ property – is that the equity you will be tapping into? If so, simplest would be to get a line of credit on that up to 80% of valuation, and use the excess over any existing debt for a deposit (20% if possible to avoid Mort Insurance costs) and get a…[Read more]